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.
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