|Fastest Growing Market:||Asia|
Need a report that reflects how COVID-19 has impacted this market and its growth?
The Global Weaving Machinery Market is expected to grow at a CAGR of 4.1% over the forecast period of 2022-2027.
The outbreak of COVID-19 has compelled government authorities to take stringent measures. Partial or complete lockdowns were imposed in several emerging and developed countries to minimize the spread of the virus. The manufacturing was restricted to permissible limits under the lockdown.
With the rising global population and resultant intake of apparel based items, the weaving machine market growth is expected to further ascend along subsequent periods. Additionally, the advent of technical fabrics requiring the need of woven items will incur the usage of weaving machines. The packaging industry for industrial bags and sacs is expected to offer growth opportunities in future for weaving machines owing to the variety of woven articles produced. On the hindsight, the emergence of non-woven items may act as a deterrent to the growth of weaving machines market.
Weaving machine have widespread applications in clothing and textile manufacturing industries, for the fabrication and processing of textiles, fabrics, and other woven materials. In some special cases weaving machine are also used for weaving of metal wires in industrial applications.
On the back of rise in textile and clothing manufacturing across the globe weaving machine market is expected to witness substantial growth during the forecast period. The manufacturers are also focusing on manufacturing of products with higher efficiency and durability.
Scope of the Report
Weaving machine is a device mainly used for weaving fabrics and tapestry. The basic function of a weaving machine is for holding the warp threads under tension for enabling the interweaving of weft threads. Weaving machine can be used for various types of weaves such as plain Weave, satin weave, twill weave, etc. The Global Spinning Machinery market is segmented by Machine Type (Shuttle Weaving Machine, Circular Weaving Machine, Others), by Weaving Type (Plain Weave, Satin Weaving, Twill Weaving, Others), by Application (Clothing, Upholstery Fabric, Automotive Textiles, Sportswear, Others) 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.
Key Market Trends
Technology in the Industry
Deployment of smart automation in the weaving machine are projected to create positive prospects for the growth in demand for weaving machine market. Automation is used in weaving industry specially in winding, warping, sizing also used in loom. Some processes have been completely automated. The biggest benefit of automation in weaving machineries is that is saves labor, however, it is also used to save energy and materials and also to improve quality & accuracy.
Companies operating in the fashion sectors are also highly interested in the application of blockchain technologies. The most interesting application fields in this sector were supply chain traceability and anti-counterfeiting, followed by supply chain management and cyber security.
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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.
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The report covers the major players operating in the weaving machinery industry. In terms of market share, the companies in the global weaving 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 Picanol, Reiter, ITEMA, BONAS, J P Extrusiontech among others.
- May 2022: Itema, the leading provider of advanced weaving solutions including weaving machines, spare parts and integrated services, announces the establishment of a new company in Turkey. The Turkish subsidiary, that operates under the name İtema Tekstil Makineleri Servis Sanayi ve Ticaret Limited Sirketi, began its operations in Istanbul – company headquarters – and Bursa – company branch office.
- May 2022: PicConnect, a fully digital platform, is now available for all Picanol customers. PicConnect offers a wide range of features, from industrial IoT to service-related applications. Connecting Picanol weaving machines to PicConnect will allow one to leverage the full extent of the machine possibilities.
Table of Contents
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
4.2.4 Industry Attractiveness - Porter's Five Forces Analysis
126.96.36.199 Bargaining Power of Suppliers
188.8.131.52 Bargaining Power of Consumers
184.108.40.206 Threat of New Entrants
220.127.116.11 Threat of Substitutes
18.104.22.168 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 Shuttle Weaving Machine
5.1.2 Circular Weaving Machine
5.2 By Material
5.2.1 Plain Weave
5.2.2 Satin Weave
5.2.3 Twill Weave
5.3 By Application
5.3.2 Upholstery Fabric
5.3.3 Automotive textiles
5.4 By Geography
5.4.1 North America
22.214.171.124 United States
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
184.108.40.206 South Korea
220.127.116.11 Southeast Asia
18.104.22.168 Rest of Asia-Pacific
5.4.4 Middle East & Africa
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
184.108.40.206 Rest of Middle East & Africa
5.4.5 South America
220.127.116.11 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Overview (Market Concentration and Major Players)
6.2 Company Profiles
6.2.3 Itema S.p.A.
6.2.5 J P Extrusiontech
6.2.6 Dornier GmbH
6.2.7 Cyber Mill
6.2.9 Toyota Industries
6.3 Other Companies (Overview/Key Information)
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Global Weaving Machinery Market market is studied from 2018 - 2027.
What is the growth rate of Global Weaving Machinery Market?
The Global Weaving Machinery Market is growing at a CAGR of 4.1% over the next 5 years.
Which region has highest growth rate in Global Weaving Machinery Market?
Asia is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Global Weaving Machinery Market?
Asia holds highest share in 2021.
Who are the key players in Global Weaving Machinery Market?
Picanol, Reiter, ITEMA, BONAS, J P Extrusiontech are the major companies operating in Global Weaving Machinery Market.