Home / Knowledge / News / Textiles / Textile machinery sector to face a fierce internal competition

Textile machinery sector to face a fierce internal competition

29
Jan '07
Textile machinery industry maintained the momentum of rapid growth in 2006, surpassing every target and reached beyond expectation.

In the past five years, the scale of textile machinery industry more than doubled in number of enterprises, sales income and production.

In 2006, the China textile machinery trade was recorded at 50 billion yuan, of which, exports amounted to US $1.2 billion and imports ranged between $3-3.5 billion, maintaining the world largest consumer market capacity of $80 billion in textile machinery.

Experts estimate that while domestic demand growth will slow down, the market capacity will basically remain unchanged this year.

In 2007, along with related policy adjustment, the situation for the development of textile machinery industry will be even more difficult. Textile machinery enterprises will face more intense competition within the industry.

Industry experts believe that the biggest challenge of textile machinery industry will come from the internal competitive pressures in 2007.

On one hand, due to the application of new control technology, the automatic, continuous, high-speed and intelligent trend of textile machinery is gradually strengthening and product structure will change.

The proportion of advanced technology and reliable performance of textile machinery products will be further increased. Those enterprises lagging behind in technology will be difficult to find foothold in textile machinery market.

On the other hand, raw materials prices of textile machinery will continue to climb higher, which will further increase production cost and produce a substantial impact on industrial profits.

Fibre2fashion, News Desk - China


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Sep 2021

EU extends GSP plus status for Pakistan with 6 new conventions

The European Union (EU) has extended its general system of...

Pic: Shutterstock

Apparel/Garments | On 25th Sep 2021

Bangladesh seeks Russian support for ensuring direct exports there

Bangladesh commerce minister Tipu Munshi recently sought Russian...

Pic: Boris-B / Shutterstock.com

Retail | On 25th Sep 2021

US’ Halloween spending to reach $10.14 bn this year: NRF

Consumer spending in the US on Halloween-related items is expected to ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Zayed Moyeen,

Zayed Moyeen

Far East Knitting and Dyeing Industries LTD (FEKDIL) was established in...

Vikash & Vishal Pacheriwal,

Vikash & Vishal Pacheriwal

Launched in 2018, Raisin is a contemporary fusion fashion brand that aims...

Ritu Oberoi,

Ritu Oberoi

Mumbai-based Forsarees is a socially driven business enterprise, working...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by <b>Aprajita Toor</b> were born out of a deep desire to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search