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TEXTILE MACHINERY

Global Market Trajectory & Analytics

MCP-2577

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  •  DATE

    JULY 2020

  •  TABLES

    114

  •  PAGES

    319

  •  EDITION

    19

  •  PRICE

    USD $5600

COVID-19 IMPACT SURVEY
Amid the COVID-19 crisis, the global market for Textile Machinery estimated at 11.8 Million Units in the year 2020, is projected to reach a revised size of 19.3 Million Units by 2027, growing at a CAGR of 7.2% over the analysis period 2020-2027.Spinning Machines, one of the segments analyzed in the report, is projected to grow at a 7% CAGR to reach 17.4 Million Units by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Draw Texturizing Machines segment is readjusted to a revised 7.7% CAGR for the next 7-year period. This segment currently accounts for a 4% share of the global Textile Machinery market.
The Textile Machinery market in the U.S. is estimated at 3.2 Million Units in the year 2020. The country currently accounts for a 27.04% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of 4.3 Million Units in the year 2027 trailing a CAGR of 11% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 6.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR while Rest of European market (as defined in the study) will reach 4.3 Million Units by the year 2027.
In the global Knitting Machines segment, USA, Canada, Japan, China and Europe will drive the 12.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of 279.5 Thousand Units in the year 2020 will reach a projected size of 633.7 Thousand Units by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 2.7 Million Units by the year 2027, while Latin America will expand at a 15.2% CAGR through the analysis period. We bring years of research experience to this 19th edition of our report. The 319-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others, A.T.E. Enterprises Private Limited; Batliboi Ltd.; Lakshmi Machine Works Ltd.; Murata Machinery Ltd.; OC Oerlikon Corporation AG, Pfaffikon; Rieter AG; Toyota Industries Corporation
» Machine Type (Spinning Machines, Draw Texturizing Machines, Knitting Machines, Other Machine Types)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa

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