According to the latest report by IMARC Group, titled “Textile Machinery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’the global textile machinery market size reached a value of US$ 25.73 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 38.92 Billion by 2027, exhibiting a CAGR of 6.70% during 2022-2027.Textile machinery refers to the equipment utilized directly or indirectly for the processing of textile fiber into yarn. It processes fabrics by weaving, knitting, crocheting, tatting, felting, and braiding raw fibers into textiles. Textile machinery equipment range from lace making as well as quilting machines to textile finishing and spinning devices, which are utilized in cotton mills, wool mills, garment factories, etc., for manufacturing several clothes. Nowadays, numerous manufacturers are introducing automated textile machinery to ensure product uniformity, minimize manual efforts, and design dresses and outfits with intricate embroidery and patterns. Consequently, textile machinery is used across various sectors, such as medical, automotive, garments, etc.
Request for a PDF sample of this report: https://www.imarcgroup.com/textile-machinery-market/requestsample
The expanding apparel industry and the widespread availability of raw materials, including cotton and jute, are among the primary factors driving the textile machinery market. Furthermore, the escalating demand for contemporary clothes with innovative fabrics, patterns, colors, designs, styles, etc., on account of the emerging fast-fashion trend, is also stimulating the market growth. In addition to this, the growing adoption of premium-style clothing products, owing to the elevating levels of urbanization, the inflating consumer disposable incomes, and the rising influence of social media, is further augmenting the global market. Moreover, numerous key market players are launching medical textile machines that offer modular and customizable support to meet customer requirements, which is acting as another significant growth-inducing factor. Besides this, the increasing usage of medical textiles for first aid, clinical, surgical, and hygienic purposes is projected to fuel the textile machinery market over the forecasted period.
Competitive Landscape with Key Players:
Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=4921&flag=C
Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
Key highlights of the report:
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
30 N Gould St Ste R
Americas: – +1 631 791 1145 | Africa and Europe: – +44-702-409-7331 | Asia: +91-120-433-0800