Global Textile Machinery Market 2020-2024

Global Textile Machinery Market 2020-2024

Technavio has been monitoring the textile machinery market and it is poised to grow by 1.25 mn units during 2020-2024, decelerating at a CAGR of -3% during the forecast period. Our reports on the textile machinery market provide a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising demand for non-woven fabrics and growing domestic demand in emerging countries. In addition, the rising demand for non-woven fabrics is anticipated to boost the growth of the market as well.

The textile machinery market analysis includes product segment and geographical landscapes.

Technavio's textile machinery market is segmented as below:

By Product

• Spinning machinery
• Texturing machinery
• Weaving machinery
• Knitting machinery
• Finishing machinery

By Geographical Landscapes

• APAC
• Europe
• North America
• South America
• MEA

This study identifies investment in cotton ginning machinery as one of the prime reasons driving the textile machinery market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our textile machinery market report covers the following areas:

• Textile machinery market sizing
• Textile machinery market forecast
• Textile machinery market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading textile machinery market vendors that include Camozzi Group SPA, Lakshmi Machine Works Ltd., LONATI SPA, Mayer & Cie. GmbH & Co. KG, Murata Machinery Ltd., Navis TubeTex, OC Oerlikon Corp. AG, Rieter Holding AG, Toyota Industries Corp., and Trützschler Group. Also, the textile machinery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.