Textile Machinery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Textile Machinery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global textile machinery market size reached US$ 27.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 41.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.4% during 2023-2028.

Textile machinery is used to process fabrics by weaving, knitting, crocheting, tatting, felting, bonding, and braiding raw fibers into textiles. It ranges from lace making and quilting machines to textile finishing and spinning equipment, which are used in cotton mills, wool mills, and garment factories for manufacturing different clothes. At present, several manufacturers are introducing automated textile machinery to enhance product uniformity, reduce manual efforts, and design seamless dresses and outfits with intricate embroidery.

Textile Machinery Market Trends:

Significant growth in the apparel industry, along with the abundant availability of raw materials like cotton and jute, represents one of the key factors stimulating the market growth. Moreover, the emerging fast-fashion trend is catalyzing the demand for textile machinery to design contemporary clothes with innovative fabrics, patterns, styles, colors, and designs. This can also be attributed to the increasing adoption of premium style clothing on account of rapid urbanization, inflating disposable incomes, and the rising influence of social media. Apart from this, the escalating demand for textile recycling due to rising environmental concerns and the increasing awareness among individuals about the detrimental impact of waste incineration is contributing to the market growth. Furthermore, the expanding application of smart textiles embedded with electronic components, conductive threads, and advanced technologies in various end use industries is providing a positive outlook for the market. Besides this, key players are launching medical textile machines that provide modular and customizable support to meet customer requirements. This, in confluence with the increasing prevalence of chronic diseases and the rising use of medical textiles for first aid, clinical, surgical, and hygienic purposes, is anticipated to propel the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global textile machinery market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on machine type, distribution channel and application.

Breakup by Machine Type:

Spinning Machines
Weaving Machines
Knitting Machines
Texturing Machines
Others
 

Breakup by Distribution Channel:

Direct
Indirect
 

Breakup by Application:

Garments and Apparels
Household and Home Textiles
Protective Textiles
Medical
Automotive
Others
 

Breakup by Region:

North America

United States
Canada


Asia-Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others


Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others


Latin America

Brazil
Mexico
Others


Middle East and Africa
 

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being A.T.E. Private Limited, Benninger AG (Jakob Müller AG), Camozzi Group S.p.A., Itema S.p.A., Lakshmi Machine Works Limited, Murata Machinery Ltd., OC Oerlikon Management AG, Rieter, Santex Rimar Group, Santoni S.P.A., Saurer Intelligent Technology AG, TMT Machinery Inc., Toyota Industries Corporation and Trützschler Group SE.

Key Questions Answered in This Report:

What was the size of the global textile machinery market in 2022?
What is the expected growth rate of the global textile machinery market during 2023-2028?
What are the key factors driving the global textile machinery market?
What has been the impact of COVID-19 on the global textile machinery market?
What is the breakup of the global textile machinery market based on the machine type?
What is the breakup of the global textile machinery market based on the application?
What are the key regions in the global textile machinery market?
Who are the key players/companies in the global textile machinery market?