Global Textile Machinery Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Textile Machinery Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Textile machines are used in the fabrication and processing of fabrics, textiles, and other woven and non-woven materials. They are used in processes such as spinning, weaving, warping, and dyeing. Textile equipment can be used to manufacture, dye, and finish materials such as fiber, yarn, and thread.

Market Overview:

The latest research study on the global Textile Machinery market finds that the global Textile Machinery market reached a value of USD 32166.64 million in 2022. It’s expected that the market will achieve USD 43709.73 million by 2028, exhibiting a CAGR of 5.24% during the forecast period.

The textile industry involves many production links, raw material types and technological methods, which need the support of many kinds of Textile Machinery. Textile Machinery plays an important role in all links of the textile industry chain. In order to improve the production efficiency and product quality, the requirements of textile industry for the efficiency, reliability, automation and intelligence of Textile Machinery are constantly improving. Textile Machinery manufacturing needs to deeply integrate textile processing with many disciplines such as machinery manufacturing, sensing technology, automatic control technology and information technology. The demand of textile enterprises for improving labor productivity and saving energy and consumption persists, which makes textile machinery develop in the direction of high efficiency, automation, intelligence and energy saving.

Fluctuation of raw material prices

The main raw materials of Textile Machinery include various components. The cost of raw materials accounts for a large proportion of the total cost. The fluctuation of raw material price will directly affect the cost of raw materials. The price of raw materials rises, and the cost of enterprises increases. The price of raw materials decreases, and the cost of enterprises decreases. Due to the fluctuation of market supply and demand and the promotion of capital market, the prices of different raw materials show different trends. Generally speaking, this will be a fluctuating state.

Competition in the industry is fierce

For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made. The Textile Machinery industry is facing a fierce competitive position. Many companies have been doing business in this industry. They pay more attention to R&D, product innovation, channel construction and customer relationship management, trying to gain greater market share and competitive advantage.

Region Overview:

Geographically, China held the largest market share – 35.65% in 2021.

Company Overview:

Rieter is one of the major players operating in the Textile Machinery market, holding a share of 3.61% in 2022.

Rieter

Rieter is the world’s leading supplier of systems for short-staple fiber spinning. Based in Winterthur (Switzerland), the company develops and manufactures machinery, systems and components used to convert natural and man-made fibers and their blends into yarns. Rieter is the only supplier worldwide to cover spinning preparation processes as well as all four end spinning processes currently established on the market. Furthermore, Rieter is a leader in the field of precision winding machines.

Jingwei Textile Machinery

As the global leading manufacturer of complete set of cotton spinning chain equipment, JINGWEI inherits the essence of the national textile machinery, provides a solid equipment guarantee for the development of China cotton spinning industry. Focused in textile machinery and market segments for more than 60 years, JINGWEI gradually form six products units’ pattern, i.e. cotton spinning, weaving, twisting, knitting, printing & dyeing, and textile machine accessories. With the development of textile industry and customer's requirements, JINGWEI keeps to invest in R&D to innovate service model helping customers build smart textile factory, which acts as an impetus for company to provide complete sets of textile machinery equipment and full-process quality services to help JINGWEI earn a good image in the market.

Segmentation Overview:

By type, Spinning Machinery segment accounted for the largest share of market in 2021.

Spinning Machinery

Spinning Machines are used to spin yarn.

Knitting Machinery

Knitting Machines are used to knit yarn.

Weaving Machinery

Weaving Machines are used to weave thread.

Finishing Machinery

When the yarn has been knitted together, the finishing machine is used to make sure the fabric won't come apart and to strengthen it.

Application Overview:

The market's largest segment by application is the segment Chemical fiber Industry, with a market share of 48.01% in 2021.

Cotton Textile Industry

Cotton is used to make a number of textile products. Cotton Textile industry is governed by the processes of ginning, carding, spinning; weaving, dyeing and bleaching.

Woolen Textile Industry

Woolen is a type of yarn made from carded wool. Woolen yarn is soft, light, stretchy, and full of air. The woolen textile Industry makes varieties of cloth with different types of wool.

Chemical Fiber Industry

Chemical fibers are made from organic (“natural”) and synthetic polymers. Textile machinery is to process chemical fibers into textiles.

Key Companies in the global Textile Machinery market covered in Chapter 3:

CHTC Fong’s
Itema
Jingwei Textile Machinery
Lindauer DORNIER GmbH
Van de Wiele
Lakshmi Machine Works
Zhejiang Golden Eagle Co.,Ltd.
Zhejiang Taitan
Toyota Industries
SHIMA SEIKI
Murata Machinery
KARL MAYER
TSUDAKOMA
Ningbo Cixing
Oerlikon
Rieter
Saurer
Qingdao Textile Machinery
Picanol Group
Truetzschler Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Textile Machinery market from 2018 to 2029 is primarily split into:

Spinning Machinery
Knitting Machinery
Weaving Machinery
Finishing Machinery
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Textile Machinery market from 2018 to 2029 covers:

Cotton Textile Industry
Woolen Textile Industry
Chemical Fiber Industry
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)