Textile Machinery Market Size and Companies | 2027 | Market Overview With Detailed Analysis and Competitive Landscape

According to the latest report by IMARC Group, titled “Textile Machinery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the global textile machinery market size reached a value of US$ 25.73 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 38.92 Billion by 2027, exhibiting a CAGR of 6.70% during 2022-2027.

 Year considered to estimate the market size:

• Base year of the analysis: 2021

• Historical period: 2016-2021

• Forecast period: 2022-2027

Textile machinery are equipment and machines that are used to process fabrics into textiles. It includes various processes including weaving, spinning, dyeing, and warping. Textile equipment can be used to manufacture, dye, and finish materials such as fiber, yarn, and thread. Textile machines are utilized in the fabrication and processing of fabrics, textiles, as well as other non-woven and woven materials.

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Textile Machinery Market Trends:

The rising demand for textiles and garments across both the developed and developing economies represents one of the key factors in the market growth. Apart from this, the increase in the import and export of manufacturing machines is contributing to the growth of the market across the globe. Moreover, the rising demand for textile recycling is driving the market toward growth. This can be attributed to the rising environmental consciousness and an enhanced focus on sustainable development. The widespread usage of medical textiles is contributing to the market growth further. In addition to this, rapid urbanization and increasing industrialization are driving the market growth. Other factors, such as rising social media influence, growing consumer expenditure capacities, increasing adoption of premium style clothing, and the advent of product variants offering modular and customizable support to meet customer requirements, are creating a positive outlook for the market.

Textile Machinery Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the textile machinery market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• T.E. Private Limited
• Benninger AG (Jakob Müller AG)
• Camozzi Group S.p.A.
• Itema S.p.A.
• Lakshmi Machine Works Limited
• Murata Machinery Ltd.
• OC Oerlikon Management AG
• Rieter
• Santex Rimar Group
• Santoni S.P.A.
• Saurer Intelligent Technology AG
• TMT Machinery Inc.
• Toyota Industries Corporation
• Trützschler Group SE.

Key Market Segmentation:

The report has segmented the textile machinery market on the basis of machine type, distribution channel and application

Breakup by Machine Type:

• Spinning Machines
• Weaving Machines
• Knitting Machines
• Texturing Machines
• Others

Breakup by Distribution Channel:

• Direct
• Indirect

Breakup by Application:

• Garments and Apparels
• Household and Home Textiles
• Protective Textiles
• Medical
• Automotive
• Others

Breakup by Region:

• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa
• Others

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Key Highlights of the Report:                                                    

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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