The international business of textile machinery is supposed be world's crucible for the highest form of technology, the highest standard of quality, and the highest level of development. With the advent of technical literacy among the textile manufacturers there has been a consistent improvement in the machines. Today the developing countries also ensure that the textile sector uses the latest technology to manufacture quality clothing.
Countries like Germany, Japan, United States of America, China, etc. are leading the world in technical growth as far as textile sector is concerned. As a matter of fact, Germany is among the top countries in textile machinery advancements. It has occupied the topmost position with regard to size among the European Committee of Textile Machinery Manufacturers. The wide ranges of textile machineries and the secondary parts or equipment manufactured by the German companies have surpassed almost all the other countries in the world. The German textile machinery manufacturers, comprising of medium and small sized companies, exported machinery and equipment of 3.1 billion Euros in the preceding financial year. The market of nonwovens machinery and equipment is booming in Germany. The German machinery is especially popular in China, which is the largest importer, followed by the United States, India, Turkey, Indonesia, Brazil, Bangladesh and, in some cases, Pakistan. The German textile machinery export is also important for the European market.
Despite the economic meltdown, the purchasing power is on rise in developing nations like China and India, following which, these countries are expected to continue their machinery trade with Germany. Turkey, Brazil and Indonesia are also good markets for German textile machinery, as there is an increased awareness regarding the quality and also the domestic markets are also on rise in these countries.
The rise in technical textile has also ensured that the German companies earn profits by exporting technically advanced machinery to China, United States of America, Mexico and India. The textile sector investment in other countries has also improved. Today companies from China are investing in Bangladesh and Vietnam, following which there is rise in demand for textile machines. Developed countries have also experienced a consistent growth in demand for textiles and this has paved way for the need of more sophisticated and result-oriented machines. The German machines have proven to be a boon for such countries. Apart from technical textile machinery, the German companies have been exporting spinning, weaving, knitting and finishing machinery since several years. The spinning machines export has registered a rise, whereas, the knitting machinery export has reported a decline of 29 percent in last couple of years.
Germany's closest competitors are Switzerland and Italy; however, at least in comparison to Italy, Germany has reported larger turnover. In terms of sustainability, German textile machines are second to none. The countries that purchase German textile machinery and equipment benefit in terms of cost in long run. The primary cost for a German machine pays off after a few years following low maintenance costs and reliability in production. Globally, there are not many suppliers that can compete with the superiority and sustainability associated with German technology.
The overall business reported by the German Engineering Federation (VDMA) Textile Machinery Association reveals that more and more countries need cost-effective, sustainable and technically advanced machines to produce textiles required for automobiles, medical and hygiene industries. The goodwill that the German technology has earned in all these years is mainly because the machines last longer. The automobile and medical sectors are the main markets that the German textile machinery manufacturers are exploring especially in countries like China, India and Vietnam. The machinery manufacturers in Germany have sustained the growth in Asian sub-continent with exports to Asia amounting to 40 percent. U.S.A. is another largest buyer of German textile machinery and Hong Kong, the Czech Republic and Saudi Arabia have also been importing machines from Germany. China, the U.S.A. and France represent approximately 5 percent of the entire German machinery exports. The German companies play a strong role in the Russian market and approximately 22 percent of all imported machines are from Germany, followed by China with 13 percent and Italy with 11 percent.
As per the analysis by Global Industry Analysts (GIA), the textile machinery global market would reach approximately US $ 22.9 billion by the end of 2017. This substantial shift will be witnessed as the traditional machinery will be replaced by advanced technology. Another positive news for the German textile machinery manufacturers is that by the end of the year 2014 an increasing textile market development is expected, which would in turn raise the demand for advanced machinery. The German exhibitors from the finishing machinery segment are also anticipating growth of the Asian textile market in both the short-term and the long-term perspective until the end of 2014.
The secret of present achievements and future hopes of German textile machinery manufacturer lies in the overall development of global textile sector. The significance of improving in technical terms has also ensured that the German machines find an apt place in global textile industry.