Textile Machinery Market
Textile Machinery Market Study by Spinning, Weaving, Knitting, and Texturing for Garments & Apparel, Household & Home Textiles, Protective Textiles, Medical, and Automotive from 2024 to 2034
Analysis of Textile Machinery Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Textile Machinery Market Outlook (2024 to 2034)
Revenue from the global textile machinery market size is projected to reach US$ 4.24 billion by the end of 2034, up from US$ 1.47 billion in 2024. Worldwide demand for textile machinery is forecasted to increase at a CAGR of 11.2% through 2034.
Textile machines are used to make and process textiles, garments, and other materials. These tools are used for weaving, spinning, and dying. Textile machinery is also utilized to create dyes and finishes for fiber, yarn, and thread.
The textile manufacturing process includes fiber processing, fabric production, yarn production, dyeing and printing, fiber pre-treatment, and applying finishing treatments. The most popular forms of textile machinery include spinning machines, knitting machines, weaving machines, and texturing machines. Spinning machinery refers to machines that convert prepared cotton roving into usable thread or yarn.
A knitting machine produces semi-automatic or completely automated knitted fabrics. Weaving machines are the tools used in the weaving process. Texturing machines can produce 1,200 rolls each month on average, and the machine design is highly adaptable, accommodating a wide range of roll sizes and diameters.
Plasma treatment is widely used in the textile industry because it is an environmentally friendly approach for functionalizing the surface of textiles and fabrics without compromising the material's bulk properties. Textile machinery producers are aiming to gain profits over the forecasted period due to rising demand for industrial knitting equipment and textile home décor.
| Report Attribute | Detail |
|---|---|
| Textile Machinery Market Size (2024E) | US$ 1.47 Billion |
| Projected Market Value (2034F) | US$ 4.24 Billion |
| Global Market Growth Rate (2024 to 2034) | 11.2% CAGR |
| China Market Value (2034F) | US$ 961.5 Million |
| Japan Market Growth Rate (2024 to 2034) | 11.2% CAGR |
| South Asia & Pacific Market Share (2024E) | 22.7% |
| East Asia Market Value (2034F) | US$ 1.82 Billion |
| Key Companies Profiled | A.T.E. Enterprises Private Limited; Savio Macchine Tessili S.p.A.; Murata Machinery Ltd.; Mayer & Cie GmbH & Co. KG; Batliboi Ltd.; Benninger AG; Itema S.p.A; Kirloskar Toyoda Textile Machinery Pvt. Ltd.; Picanol Group; Lakshmi Machine Works Ltd.; Navis TubeTe; Saurer AG. |
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Why is Demand for Textile Machinery Escalating at a Significant Pace?
“Evolving Fashion Trends Fueling Need for Efficient and Advanced Textile Machinery”
Demand for textile machinery is growing at a significant pace due to changing fashion trends worldwide. This has led to an increased demand for clothing and other textile products by driving the need for more efficient and advanced textile machinery. Technological advancements in the textile sector such as automation and digitalization have improved the efficiency, speed, and quality of textile production, thus making these machines more desirable.
Many textile manufacturers are upgrading their old machinery to these advanced systems to stay competitive. The shift towards sustainable and eco-friendly manufacturing practices in the textile industry is also contributing to the growing demand for new textile machinery that can support these practices.
Which Aspect Can Negatively Affect Sales Growth of Textile Machines?
“High Cost of Advanced Textile Machinery and Trade Restrictions”
High cost of advanced machinery is projected to negatively affect the sales of textile machines. The textile industry is highly cost-sensitive and the high initial investment required for advanced textile machines can be a deterrent for many manufacturers, especially small- and medium-sized enterprises. The cost of maintenance and repair of these machines can also be substantial, adding to the total cost of ownership. Another factor is the rapid pace of technological change. With new technologies and improvements being introduced frequently, textile manufacturers may hesitate to invest in expensive machinery that is expected to become obsolete in a short time.
Economic instability and uncertain market conditions can also negatively impact the sales of textile machines, as manufacturers might postpone investment decisions in such scenarios. Regulatory challenges and trade restrictions in some regions can also hinder the sales of textile machines.
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Country-wise Insights
Fact.MR, a market research and competitive intelligence provider, through its newly published analysis, asserts that East Asia is projected to hold 52.8% of the global market by 2034. Textile machinery manufacturers have expanded their presence in various regions, including Southeast Asia, Central and South America, and Australia. This expansion is advantageous as it diversifies the supply chain and reduces dependence on a single source.
What is the Growth Outlook for the Market in Japan?
“Favorable Government Policies and Subsidies for Innovation in Textile Industry”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 164.6 Million |
| Growth Rate (2024 to 2034) | 11.2% CAGR |
| Projected Value (2034F) | US$ 475.3 Million |
The growth outlook for the market in Japan is positive driven by technological advancements and favorable government policies and subsidies. Manufacturers are focusing on textiles that are innovative, exclusive, and of superior quality. Increasing demand for a wide range of textiles owing to the rising working population that requires clothing suitable for professional settings is supporting the textile machinery market growth.
Advancements in textile manufacturing technologies such as three-dimensional (3D) printing, smart textiles, and nanotechnology that enhance features such as wrinkle resistance, breathability, and durability are also driving the market growth. The future of the market in Japan looks promising with opportunities for growth and expansion.
What Makes India a Profitable Market for Textile Machinery Manufacturers?
“Extensive Trade Connectivity Facilitating Textile Exports and Vast Consumer Base”
| Attribute | India |
|---|---|
| Market Value (2024E) | US$ 122.7 Million |
| Growth Rate (2024 to 2034) | 11.3% CAGR |
| Projected Value (2034F) | US$ 358.7 Million |
India occupies a dominant share of the market in the South Asia & Pacific region due to a vast consumer base. Major economic reforms such as the introduction of a goods and service tax and measures to make it easier to do business have promoted private investments. These factors are contributing to the expansion of the textile machinery market size in India.
India's trade connectivity in the region is extensive with significant exports to countries such as Bangladesh, Sri Lanka, and Nepal. South Asia & Pacific region's economic growth is projected to be led by powerhouse economies such as India. By 2034, India is forecasted to become the fourth-largest economy.
Category-wise Insights
The textile machinery market is segmented into spinning, weaving, knitting, and texturing based on machine type. Spinning machines are estimated to occupy a 41.4% textile machinery market share in 2024.
How are Technological Advancements Influencing Demand for Spinning Machinery?
“Integration of Automation in Spinning Machines Increasing Production Efficiency”
| Attribute | Spinning Machines |
|---|---|
| Segment Value (2024E) | US$ 604.9 Million |
| Growth Rate (2024 to 2034) | 11.2% CAGR |
| Projected Value (2034F) | US$ 1.74 Billion |
Spinning machines are in increased demand in the textile machine market. Sales of spinning machines are projected to increase at a significant rate due to technological advancements, automation, and sustainability considerations. Increasing demand for energy-efficient machinery and the digitalization of production processes are key textile machinery market trends. In India, the textile industry heavily relies on spinning machinery and with the increasing consumption, demand for textiles and apparel is projected to grow at a remarkable pace.
Increase in the sales of non-woven fabrics and electrospinning machines, and the growth of the fashion industry around the globe are also contributing to the demand for spinning machinery. The demand for cotton spinning machines is projected to be driven by the rising need for textiles and environmentally friendly fibers in developing countries.
Which Distribution Channel Accounts for a Leading Market Share?
“Direct Distribution Facilitating Provision of Cost-effective and Tailored Solutions”
| Attribute | Direct |
|---|---|
| Segment Value (2024E) | US$ 801.7 Million |
| Growth Rate (2024 to 2034) | 11.3% CAGR |
| Projected Value (2034F) | US$ 2.33 Billion |
The direct distribution channel holds a leading market share because it enables manufacturers to establish closer relationships with customers. This helps them understand customers’ needs and provide tailored solutions according to specific requirements. Elimination of intermediaries reduces costs and enhances efficiency. This approach facilitates faster machinery delivery and improved aftersales service, which are crucial factors for textile industry customers. The provision of cost-effective, efficient, and personalized service is driving the domination of direct distribution channels in the market.
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Competitive Landscape
Key players in the textile machinery market are A.T.E. Enterprises Private Limited, Savio Macchine Tessili S.p.A, Murata Machinery Ltd, Mayer & Cie GmbH & Co. KG, Batliboi Ltd., Benninger AG, Itema S.p.A, Kirloskar Toyoda Textile Machinery Pvt. Ltd., Picanol Group, Lakshmi Machine Works Ltd, Navis TubeTe, and Saurer AG.
- In 2022, Trützschler Group collaborated with Texnology, to introduce T-SUPREMA. This is a production line that utilizes steel needle web bonding to produce technical textiles such as geotextiles, automotive fabrics, and filters.
- In 2021, Mayer Braidtech, a subsidiary fully owned by the company declared its partnership with Mayer & Cie. GmbH & Co. KG, located in Albstadt. This partnership marked the formal completion of the integration of Mayer Braidtech GmbH into the company’s headquarters in Albstadt, reinforcing its position as a manufacturer of circular knitting machines.
Fact.MR provides detailed information about the price points of key manufacturers of textile machinery positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.
Key Segments of Textile Machinery Market Research
-
By Machine Type :
- Spinning
- Weaving
- Knitting
- Texturing
-
By Distribution Channel :
- Direct
- Indirect
-
By Application :
- Garments & Apparel
- Household & Home Textiles
- Protective Textiles
- Medical
- Automotive
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
- FAQs -
What is the textile machinery market size in 2024?
The global textile machinery market has reached a value of US$ 1.47 billion in 2024.
What are the forecasts for the global market for the decade?
The market for textile machinery market is projected to expand at 11.2% CAGR and reach US$ 4.24 billion by 2034.
What is the CAGR forecasted for the East Asia market?
The East Asia market has been forecasted to expand at 11.2% through 2034.
How is the South Asia & Pacific market for textile machinery faring?
The market in South Asia & Pacific is projected to rise at 11.3% CAGR from 2024 to 2034.
What is the market share of spinning machines in 2024?
Spinning machines account for 41.2% market stake in 2024.
How much is the projected Japan market CAGR for the decade?
The Japan market is calculated to rise at 11.2% CAGR through 2034.
Textile Machinery Market