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Asia-Oceania tops global textile machinery consumption
20
Aug '15
Fibre2Fashion's latest report “Global Textile Machinery Market Outlook -Trends and Forecast till 2020 – By Type, By Sales Volume, and By Region and Exports”, identifies the major drivers and restraints for the global textile machinery market with an analysis of trends, opportunities, and challenges. The market is segmented by machinery type, and by geography, with shipments forecast from 2011 to 2020.

The textile machinery market is segmented into six types: spinning machinery, drawtexturing machinery, weaving machinery, circular knitting machinery, flat knitting machinery, and finishing machinery. Asia-Oceania had a share of 62.9 per cent in global textile machinery market in 2014. The primary reason for such a high market share is higher market of textile and apparel industry in China. In China, even the domestic manufacturers of textile machinery are growing and are gaining market share locally.

Spinning machinery has the highest market potential

The share of shipments of spinning machinery was 94.4 per cent in the global textile machinery market in 2014. Asia-Oceania had the highest market share of 89.0 per cent, followed by Europe with a market share of 7.7 per cent in global spinning machinery market in 2014.

China and India are the major contributors in Asia-Oceania especially within the spinning machinery market. The shipments of spinning machinery for 2014 in China and India were 4,594 and 2,224 thousand units respectively.

In the global spinning machinery market in 2014, short-staple spindles had the highest market shipments volume of 9,805 thousand units, followed by O-E rotors with of 454.7 thousand units.

Click here to access the report.

Fibre2Fashion.com was established in 2000 and is owned and promoted by Fibre2Fashion Pvt. Ltd. (formerly known as Sanblue Enterprises Pvt. Ltd.) – an ISO 9001:2008 company. It is amongst the world's largest B2B platforms for the global textile-apparel and fashion industry.

Since its inception, Fibre2Fashion has helped several small, medium and large business houses from across the globe to capture and increase their market share by providing cost-effective and innovative solutions to help them reach the largest international target audience in the shortest time.

Fibre2Fashion's services include providing market analysis of global price trends of fibre and feedstock commodities like PSF, PTA, caprolactam, cotton, and many more, which manufacturers and suppliers find useful for their strategic planning, marketing and decision-making activities.

Fibre2Fashion News Desk – India

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