Market Snapshot
| 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 textile machinery market is expected to register a CAGR of 4.6% during the forecast period of 2022-2027.
The entire supply chain of the textile industry, like all other industries, has been affected by the Covid-19 pandemic, which has been going on since the beginning of 2020, and all actors in the industry, including textile machinery manufacturers, experienced various difficulties.
While this situation brought problems such as shortage of raw materials, price increases, and disruptions in the supply chain, the pent-up demands in this period resulted in an increase and recovery in orders in 2021. The important and major changes created by the pandemic in daily life have also brought concepts such as sustainability, circular production, and digitalization into the focus of manufacturers’ investments and decisions.
The world’s leading textile machinery and technology manufacturers anticipate that the increasing momentum and sustainable production-oriented developments in 2021 will continue in 2022 and that the sector will revive with the organization of numerous international exhibitions.
Scope of the Report
Textile machines are used to make and process fabrics, clothing, and other materials. These tools are used for weaving, spinning, and dying. Textile machinery is also used to make yarn, fiber, and thread colors and finishes. Nonwovens, synthetic fibers, and a variety of polymers are also extruded with it. The textile manufacturing process includes fiber processing, yarn production, fabric production, fiber pre-treatment, dyeing and printing, and, lastly, applying finishing treatments. Fabrics can be felt by condensing, matting, and pressing fibers together, or spun fibers can be spun into yarn and then nettled, knitted, or woven. The Textile Machinery Industry is Segmented by Machine Type (Spinning Machines, Weaving Machines, Knitting Machines, Texturing Machines, Others), by Distribution Channel (Direct and Indirect), by Application (Garments and Apparels, Household and Home Textiles, Protective Textiles, Medical, Automotive, Others) and by Geography (North America, Asia-Pacific, Europe, Middle-East and Africa, and South America). The report offers market size and forecasts for the transportation infrastructure construction market in value (USD billion) for all the above-mentioned segments.
| By Machine Type | |
| Spinning Machines | |
| Weaving Machines | |
| Knitting Machines | |
| Texturing Machines | |
| Others |
| By Distribution Channel | |
| Direct | |
| Indirect |
| By Application | |
| Garments & Apparels | |
| Household and Home Textiles | |
| Protective Textilles | |
| Medical | |
| Aautomotive | |
| Others |
| By Geography | |||||||||||
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Key Market Trends
India- A Leading Destination
The Indian textile machinery industry is experiencing tremendous growth, facilitated by the country’s booming textile and apparel market. Currently, the textile machinery industry plays an increasingly vital part in shifting India’s textile and apparel industry from labor-intensive production to a more advanced and industrialized sector. With the growing demand for textile machinery in both domestic and international markets, the Indian textile machinery industry is expected to have greater development in the near future.
The spinning machinery segment is expected to be the fastest-growing textile machinery segment in India over the next five years. Much of this segment’s growth can be attributed to the expansion of the country’s spinning machinery. High demand for cotton exports and the expansion of spinning machinery capacities will help India to maintain an increasingly high demand for spinning machinery over the next few years.
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Italy- Key Exporter
Italy holds a strong position as one of the main suppliers of textile machinery in the world, together with Germany, Japan, China, and Switzerland. Italy’s market share of the world exports of textile machinery is about 11%. According to the Association of Italian Textile Machinery Manufacturers (ACIMIT), creativity, sustainable technology, reliability, and quality are the characteristics that have made Italy a leader in the manufacturing of textile machinery. There are approximately 300 companies that produce textile machines and related accessories, for a total of about 12,000 employees.
The index of orders intake for Italian textile machinery for the fourth quarter of 2021, processed by the Association of Italian Textile Machinery Manufacturers (ACIMIT), has shown a 43% upturn compared to the fourth quarter of 2020. In absolute terms, the index stood at 127.9 points. This growth was spurred on by both the Italian and foreign markets.
Thus, 2022 is expected to be a year in which optimism and foreboding still prevail for the Italian textile machinery sector. Pending ITMA 2023, the world’s most important textile machinery exhibition, is scheduled to be held in Milan in June 2023.
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Competitive Landscape
The report covers the major players operating in the textile machinery industry. In terms of market share, the companies in the global textile 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 A.T.E. Private Limited, Benninger AG (Jakob Müller AG), Camozzi Group SpA., Itema SpA, Lakshmi Machine Works Limited, among others.
Recent Developments
- April 2022: In April 2021, Ingersoll Machine Tools broke ground on a 40,000-square-foot expansion to build the Giant Magellan Telescope structure. The expansion comprises the installation in the new building of an Ingersoll MasterMillTM that will constitute one of the largest milling centers in the United States, also serving the manufacturing needs of the U.S. Defense Department.
- January 2022: PLY1, the single ply cutting system from Morgan Tecnica, Italy (from ATE Group), is designed to meet the demands of the industry. The PLY1 features multiple cutting heads that can cut both soft as well as hard textile materials. PLY1 can handle all types of textiles, including carpet fabric and even special materials of different compositions and dimensions, including thicknesses up to 60 mm – with great precision and high speed.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of Study
2. RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Current Market Scenario
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Industry Attractiveness - Porter's Five Forces Analysis
4.2.4.1 Bargaining Power of Suppliers
4.2.4.2 Bargaining Power of Consumers
4.2.4.3 Threat of New Entrants
4.2.4.4 Threat of Substitutes
4.2.4.5 Intensity of Competitive Rivalry
4.3 Technological Trends
4.4 Government Regulations
4.5 Value Chain / Supply Chain Analysis
4.6 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION (Market Size By Value)
5.1 By Machine Type
5.1.1 Spinning Machines
5.1.2 Weaving Machines
5.1.3 Knitting Machines
5.1.4 Texturing Machines
5.1.5 Others
5.2 By Distribution Channel
5.2.1 Direct
5.2.2 Indirect
5.3 By Application
5.3.1 Garments & Apparels
5.3.2 Household and Home Textiles
5.3.3 Protective Textilles
5.3.4 Medical
5.3.5 Aautomotive
5.3.6 Others
5.4 By Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 France
5.4.2.3 United Kingdom
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Russia
5.4.2.7 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Bangladesh
5.4.3.5 Turkey
5.4.3.6 South Korea
5.4.3.7 Australia
5.4.3.8 Indonesia
5.4.3.9 Rest of Asia-Pacific
5.4.4 Middle East & Africa
5.4.4.1 Egypt
5.4.4.2 South Africa
5.4.4.3 Saudi Arabia
5.4.4.4 Rest of Middle East & Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Overview (Market Concentration and Major Players)
6.2 Company Profiles
6.2.1 ATE Pvt Ltd
6.2.2 Benninger AG (Jakob Muller AG)
6.2.3 Camozzi Group S.p.A.
6.2.4 Itema S.p.A.
6.2.5 Lakshmi Machine Works Ltd
6.2.6 Murata Machinery Ltd.
6.2.7 OC Oerlikon Management AG
6.2.8 Rieter
6.2.9 Santex
6.2.10 Rimar Group
6.2.11 Santoni S.p.A.
6.2.12 Saurer Intelligent Technlogy AG
6.2.13 TMT Machinery Inc.
6.2.14 Toyota Industries Corporation
6.2.15 Trutzschler Group SE
6.3 Other Companies (Overview/Key Information)
*List Not Exhaustive7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. APPENDIX
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Frequently Asked Questions
What is the study period of this market?
The Global Textile Machinery Market market is studied from 2018 - 2027.
What is the growth rate of Global Textile Machinery Market?
The Global Textile Machinery Market is growing at a CAGR of 4.6% over the next 5 years.
Which region has highest growth rate in Global Textile Machinery Market?
Asia-Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Global Textile Machinery Market?
Asia-Pacific holds highest share in 2021.
Who are the key players in Global Textile Machinery Market?
A.T.E. Private Limited, Benninger AG (Jakob Müller AG), Camozzi Group S.p.A., Itema S.p.A., Lakshmi Machine Works Limited are the major companies operating in Global Textile Machinery Market.
