Market Size of Global Weaving Machinery Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.10 % |
| Fastest Growing Market | Asia |
| Largest Market | Asia |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Weaving Machinery Market Analysis
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.
