Published On : November, 2015
Textile machinery is used to produce yarns, fabrics, and threads and in the finishing processes of the textile industry. There are four major types of textile machinery, namely, spinning, weaving, texturing, and knitting machinery.
This report identifies the textile machinery market size in terms of volume for the year 2011-2015, and forecast of the same for year 2020. It highlights potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to textile machinery market.
The global textile machinery market is estimated to grow at a promising rate of 14.5% from 2015 to 2020 owing to growth of automotive and residential construction industry. Asia-Oceania is estimated to be the largest market for textile machinery. China, India, Indonesia, and Bangladesh are the main contributors to the textile machinery market in Asia-Oceania.
In this research study, the textile machinery market is divided into two major segments: by type (spinning, draw-texturing, weaving, circular knitting, flat knitting, and finishing machinery), and by region (key countries of Asia-Oceania, North America, Europe, & RoW). In addition the report also provides the installed capacity volumes of spinning and weaving machinery and its forecast for 2020. The report also includes key export and import data of textile machinery for top 10 exporter and importer countries.
The key players in this market have also been identified and profiled. Some of the key players are Batliboi Ltd, Benninger AG, Intertrad Group, Kirloskar Toyoda Textile Machinery Pvt. Ltd, Lonati SpA, Lakshmi Machine Works Ltd., Navis Global, Rieter AG, Santoni SpA, Savio Macchine Tessili SpA, TMT Machinery Inc., and Voltas Ltd.