Global Textile Machinery Market Size, Share and Forecast 2023-2028 (2023)

Market overview:

The global textile machinery market size reached US$27.8 billion in 2022. Looking ahead, IMARC Group expects the market to reach $41.2 billion by 2028, which will show a growth rate (CAGR) of 6.4% over the period 2023-2028.

Textile machinery is used to convert fabric into textiles by weaving, knitting, crocheting, tatting, felting, gluing and braiding raw fibers into textiles. It ranges from bobbin lace and quilting machines to textile finishing and spinning equipment used in cotton mills, wool mills and ready-made clothing factories to produce various garments. Currently, several manufacturers are adopting automated textile machines to improve product consistency, reduce manual labor, and design seamless dresses and outfits with intricate embroidery.

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Textile Machinery Market Trends:

The significant growth in the garment industry along with the plentiful availability of raw materials such as cotton and jute is one of the key factors driving the market growth. Additionally, the emerging fast fashion trend is catalyzing the demand for textile machines to create contemporary clothing with innovative fabrics, patterns, styles, colors and designs. This can also be attributed to the increasing acceptance of premium style clothing due to rapid urbanization, inflation of disposable incomes and increasing influence of social media. Apart from that, the escalating demand forTextilrecyclingThey are contributing to the market growth due to increasing environmental concerns and people’s increasing awareness of the harmful effects of waste incineration. In addition, the growing application of smart textiles with embedded electronic components, conductive threads and advanced technologies in various end-use industries offers a positive outlook for the market. Additionally, key players are launching medical textile machines that offer modular and customizable support to meet customer needs. This, together with the increasing prevalence of chronic diseases and the increasing use of medical textiles for first aid, clinical, surgical and hygienic purposes, is expected to drive market growth.

Key Market Segmentation:

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

Breakdown by machine type:

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• spinning machines
• weaving machines
• knitting machines
• texturing machines
• Others
  

Breakdown by sales channel:

• Direct
• Indirectly
  

Separation by application:

• garments and apparel
• Household and home textiles
• protective textiles
• Medical
• Car
• Others
  

Breakdown by region:

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• North America
  • United States
  • You have
• Asia Pacific
  • China
  • Japan
  • If
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europa
  • Deutschland
  • France
  • Great Britain
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
  

Competitive landscape:

The competitive landscape of the industry has also been studied, along with the profiles of major players including 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.

Report Coverage:

Key questions answered in this report

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