Global Spinning Machinery Market - Growth, Trends, Covid-19 Impact and Forecasts (2022-2027)

The Global Spinning Machinery market is segmented by Machine Type (Ring and Rotor Spinning), by Material (Natural, Synthetic and Others), by Application (Clothing, Textile and Other Industry) and by Geography (North America (United States, Mexico and Canada), Asia-Pacific (China, Japan, India, Bangladesh, Turkey, South Korea, Australia, Indonesia and Rest of Asia), Europe (Germany, France, United Kingdom, Italy, Spain, Russia and Rest of Europe), Middle East & Africa (Egypt, South Africa, Saudi Arabia and Rest of Middle East & Africa) and South America (Brazil, Argentina, Rest of South America)). The report offers market size and forecasts for Global Spinning Machinery market in value (USD billion) for all above segments.

Market Snapshot

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Study Period: 2018-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: Asia-Pacific
CAGR: 4.6 %

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Market Overview

The Global Spinning Machinery Market is expected to grow at a CAGR of 4.6% over the forecast period of 2022-2027.

The COVID-19 outbreak has compelled government officials to take drastic measures. To prevent the virus from spreading, several emerging and developed countries imposed partial or total lockdowns. Under the lockdown, the manufacture of spinning machinery and the provision of related services were limited to permissible limits.

Spinning machinery is intended to produce yarn from textile fibers, comprising natural, synthetic, or blended fibers. These machines were manufactured during the Industrial Revolution in order to mass-produce cotton textile products. Presently, the spinning machinery setup involves considerable capital investment along with prominent infrastructure, as it includes installing a line of machines with an intention to carry out a series of functions from fiber stage to yarn stage.

Major production centers of cotton yarn manufacturing are concentrated in China, India, the U.S., Pakistan, Indonesia, Brazil, Turkey, South Korea, Italy, Egypt, and Japan. Accordingly, the top spinning machinery suppliers focus on catering to these regions. 

A macro-level factor driving factor in the spinning machinery market is the rising contribution of the fashion industry to the overall GDP. Another factor driving the technical textiles industry across the globe such as automotive textiles and geotextiles, which demand high-end performance from industrial yarns. 

A prominent issue facing the industry is that very few new players are involved in manufacturing yarn. New sales that account on the yearly basis are the result of the expansion of plant capacity or replacements of older machines. Accordingly, the buyers of spinning machinery have higher bargaining power. 

However, the yarn industry still requires mass production of different types of yarns, and accordingly, manufacturers of spinning machinery are consistently working on innovations in order to cater to customers with better productivity.

Scope of the Report

Spinning machinery is used for roving cotton into workable yarns or threads. These yarns or threads are then used to make clothing and other products. The Global Spinning Machinery market is segmented by Machine Type (Ring and Rotor Spinning), by Material (Natural, Synthetic and Others), by Application (Clothing, Textile and Other Industry) and by Geography (North America (United States, Mexico and Canada), Asia-Pacific (China, Japan, India, Bangladesh, Turkey, South Korea, Australia, Indonesia and Rest of Asia), Europe (Germany, France, United Kingdom, Italy, Spain, Russia and Rest of Europe), Middle East & Africa (Egypt, South Africa, Saudi Arabia and Rest of Middle East & Africa) and South America (Brazil, Argentina, Rest of South America)). The report offers market size and forecasts for Global Spinning Machinery market in value (USD billion) for all above segments.

By Machine Type
Ring
Rotor Spinning
By Material
Natural
Synthetic
Others
By Application
Clothing
Textile
Other Industry
By Geography
North America
United States
Canada
Mexico
Europe
United Kingdom
France
Italy
Spain
Germany
Russia
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Southeast Asia
Australia
Rest of Asia-Pacific
Middle East & Africa
Saudi Arabia
United Arab Emirates
Qatar
South Africa
Rest of Middle East & Africa
South America
Argentina
Brazil
Chile
Rest of South America

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Key Market Trends

Growing Demand of Non-Woven Fabric

The impact of the COVID-19 pandemic was minimal on the growth of the non-woven fabric market. As governments provided economic packages for SMEs and other benefits, consumers worldwide are now focussing on essential commodities and personal protective equipment.

Over the short term, the growing application base in the healthcare and personal care industry, along with increasing demand for electric vehicles, is expected to drive the market studied.

The spun-bond segment dominated the market by technology, and it is also likely to witness the highest CAGR during the forecast period.

Asia-Pacific dominated the market across the world, where the demand for non-woven fabric is majorly driven by the increasing application and demand from industries like construction, healthcare, etc.

In India, it is currently estimated that over ~60% of Indian women do not use sanitary care products. This is majorly due to the high amount of population residing in rural areas. With the increase in the penetration rate of sanitary care products, owing to the increasing hygiene precautions, the market for non-wovens in the country is expected to grow rapidly.

In China, the market for feminine products and baby diapers has been growing at a rapid rate due to increasing hygiene-related concerns. The leading diaper manufacturers in the country include Quanzhou Diaborn Hygiene Products Co. Ltd, Chiaus, BBG Sanitary Commodity Limited, AAB China Co. Ltd, InSoft, Yamaza, and Baron China Co. Ltd.

Other factors like population growth, increasing aging population, and the COVID-19 outbreak across the world are driving the demand for non-woven fabrics

Revenue Share

Growing Fashion Industry Across the Globe

The global fast fashion market size is expected to grow from USD 91.23 billion in 2021 to USD 99.23 billion in 2022 at a compound annual growth rate (CAGR) of 8.8%.

Increasing adoption of affordable clothes by the rising youth population drove the fast fashion market. According to the United Nations estimates of the world’s youth population, in 2019 the youth population totaled 1.2 billion and it's projected to grow by 7.9 percent to 1.3 million by 2030. Youth population is attracted to unique, trendy and affordable clothes. The apparel manufacturing companies are therefore focusing on bringing fashion clothes from the most recent fashion trends presented in fashion week. The growing preference for affordable fast fashion clothes by increasing youth population boosted the fast fashion market.

Virtual and augmented reality is being used by online and offline retailers in the fast fashion market. The use of virtual or augmented reality in the fast fashion market is to fill the gap between online and offline channels. These technologies enable the customer to try the product and see how it looks when they try the clothes or make-up on them by using virtual reality mirrors or cameras in their smartphones.

Leading Country

Competitive Landscape

The report covers the major players operating in the spinning machinery industry. In terms of market share, the companies in the global spinning machinery industry do not have a considerable amount of market share, as the market is highly competitive and fragmented.

Some of the leading companies around the world are Rieter, Saurer AG, Murata Machinery USA Inc., Lakshmi Machine Works Limited, Trutzschler among others.

Recent Development

  • April 2022: Sharabati Denim is one of the major leading manufacturers of eco-friendly denim in Egypt, Syria and Turkey. In 2018, the company launched the state-of-the-art recycling initiative  “Tadweer” that uses recycled material and sustainable production processes for closing the loop. Trützschler Card Clothing (TCC) has joined this innovative concept with its experts and equipment. 
  • August 2021: Saurer Intelligent Technology Co. Ltd (listed in Shanghai, China) and Rieter Holding AG (Winterthur, Switzerland) signed an agreement with Rieter to acquire the Accotex and Temco businesses from Saurer Technologies GmbH & Co. KG and the Autoconer machine business from Saurer Spinning Solutions GmbH & Co. KG. with a purchase price of EUR 300 million.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of Study

  2. 2. RESEARCH METHODOLOGY

    1. 2.1 Analysis Methodology

    2. 2.2 Research Phases

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Current Market Scenario

    2. 4.2 Market Dynamics

      1. 4.2.1 Drivers

      2. 4.2.2 Restraints

      3. 4.2.3 Opportunities

      4. 4.2.4 Industry Attractiveness - Porter's Five Forces Analysis

        1. 4.2.4.1 Bargaining Power of Suppliers

        2. 4.2.4.2 Bargaining Power of Consumers

        3. 4.2.4.3 Threat of New Entrants

        4. 4.2.4.4 Threat of Substitutes

        5. 4.2.4.5 Intensity of Competitive Rivalry

    3. 4.3 Technological Trends

    4. 4.4 Government Regulations

    5. 4.5 Value Chain / Supply Chain Analysis

    6. 4.6 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION (Market Size By Value)

    1. 5.1 By Machine Type

      1. 5.1.1 Ring

      2. 5.1.2 Rotor Spinning

    2. 5.2 By Material

      1. 5.2.1 Natural

      2. 5.2.2 Synthetic

      3. 5.2.3 Others

    3. 5.3 By Application

      1. 5.3.1 Clothing

      2. 5.3.2 Textile

      3. 5.3.3 Other Industry

    4. 5.4 By Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 United Kingdom

        2. 5.4.2.2 France

        3. 5.4.2.3 Italy

        4. 5.4.2.4 Spain

        5. 5.4.2.5 Germany

        6. 5.4.2.6 Russia

        7. 5.4.2.7 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 India

        2. 5.4.3.2 China

        3. 5.4.3.3 Japan

        4. 5.4.3.4 South Korea

        5. 5.4.3.5 Southeast Asia

        6. 5.4.3.6 Australia

        7. 5.4.3.7 Rest of Asia-Pacific

      4. 5.4.4 Middle East & Africa

        1. 5.4.4.1 Saudi Arabia

        2. 5.4.4.2 United Arab Emirates

        3. 5.4.4.3 Qatar

        4. 5.4.4.4 South Africa

        5. 5.4.4.5 Rest of Middle East & Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Argentina

        2. 5.4.5.2 Brazil

        3. 5.4.5.3 Chile

        4. 5.4.5.4 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Overview (Market Concentration and Major Players)

    2. 6.2 Company Profiles

      1. 6.2.1 Rieter

      2. 6.2.2 Saurer Intelligent Technlogy AG

      3. 6.2.3 Murata Machinery Ltd.

      4. 6.2.4 Lakshmi Machine Works Ltd

      5. 6.2.5 Trutzschler Group SE

      6. 6.2.6 Kirloskar Toyota Machinery Pvt Ltd

      7. 6.2.7 ATE Pvt Ltd

      8. 6.2.8 Itema S.p.A.

      9. 6.2.9 Marzoli Spinning Solutions

      10. 6.2.10 Savio Macchine Tessili S.p.A.

    3. *List Not Exhaustive
    4. 6.3 Other Companies (Overview/Key Information)

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. APPENDIX

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Frequently Asked Questions

The Global Spinning Machinery Market market is studied from 2018 - 2027.

The Global Spinning Machinery Market is growing at a CAGR of 4.6% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

Asia-Pacific holds highest share in 2021.

Rieter, Saurer AG, Murata Machineery USA Inc., Lakshmi Machine Works Limited, Trutzschler are the major companies operating in Global Spinning Machinery Market.

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