According to a forecast by Global Industry Analysts (GIA), the global market for textile machinery is poised to reach US$22.9 billion by 2017. The market is defined by a marked shift in demand from traditional machinery to more advanced technologies. Fuelled by increasing investments in textile production, the Asia Pacific region remains the greatest and fastest growing market for textile machinery.
The Chinese textile industry invested CNY779.3 billion in fixed assets in 2012. This is in line with one of the priorities under the China government’s 12th Five-Year Plan (2011 – 2015) to raise technological advancement and improvement in craftsmanship and equipment to an international level for the textile and other industry sectors. As such, the development and application of high-technology fibres and environment-friendly technologies will be the focus of China’s textile industry in the coming years.
China’s domestic demand for textiles and garments is expected to maintain a steady growth rate in view of the development of the national economy, progress in urbanisation and rising income levels. This will continue to be the main driving force for the development of the textile industry.
Mr Charles Beauduin, President of CEMATEX which owns the ITMA and ITMA ASIA exhibitions, said, “The opportunities presented by China’s huge market remain an attraction for machinery manufacturers from around the world. With rapid technological advances in the textile machinery industry, the market is seeing the emergence of more efficient machines at competitive prices.
“Having held three successful presentations of the ITMA ASIA + CITME combined show since its launch in 2008, we are confident that the upcoming showcase will be the most effective marketing and sourcing platform for both Chinese and international textile and textile machinery manufacturers.”
The successful track record of ITMA ASIA + CITME is pivotal to the support it enjoys from major players around the world, pointed out Mr Wang Shutian, President of China Textile Machinery Association (CTMA).
He added, “The combined show has been highly recognised by leading textile and textile machinery industry players as it offers them a reputable showcase in China for their products and services. With the stellar demand projection of Asia’s textile machinery and the steady growth of domestic demand for textile and garment, we are confident that the 2014 combined show will score another success.”
ITMA ASIA + CITME is owned by CEMATEX, CTMA and its two other Chinese partners - the Sub-Council of Textile Industry, CCPIT (CCPIT-Tex) and China Exhibition Centre Group Corporation (CIEC). JTMA (Japan Textile Machinery Association) is a special partner of the event. It is organised by Beijing Textile Machinery International Exhibition Co Ltd and co-organised by MP Expositions Pte Ltd.
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