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The Global Textile Machinery Market Will Reach US $20 Billion 750 Million In 2015.

2011/2/10 11:19:00 62

According to the latest report of global industrial analysis company, the global textile machinery market will reach US $20 billion 750 million by 2015.

The demand for textile machinery is indirectly dependent on the needs of other industries, including housing and automobiles.

Textile machinery is used for producing residential carpets and upholstery furniture, automobiles.

Interior trim

Therefore, changing fashion trends affect the demand for textile equipment.

The production process of textile machinery is cyclical in nature and depends on equipment procurement, and equipment procurement slows down during the economic recession and accelerates in the sound economic period.

Textile mills often invest in textile machinery at lower market interest rates.

The technological innovation of textile machinery market is very fast, and the price of more effective machines is also very low.

Fully automated cost plus flexibility has become the watchword of the industry.

tradition

textile machinery

Relying on cheap labor, even if the price of textiles is high, the quality of fabrics remains poor.

Therefore, the demand for advanced fabrics with fewer defects in quality fabrics is growing.

Regardless of technology, the factors that have a great impact on purchasing decisions are the versatile nature, flexibility and sales price of the machine.

The world's major textile machinery market was affected by the global economic crisis and began to decline in the middle of 2007 until 2010.

The most serious decline was in 2008-2010 years, with market growth plummeting and most markets showing negative growth.

Especially in 2009, the market in developed countries dropped sharply by 20%-25%.

Developing countries are slightly better.

Despite the increasing demand for high-quality fabrics worldwide, the demand for textile machinery for producing high-quality fabrics has not increased proportionately.

The demand for mercerizing machines increased, and the demand for his textile machinery, including textile bleaching and dyeing, printing and dyeing and washing machines, declined sharply during this period.

Textile machinery market around the world is unlikely to recover soon, at least 2010-2011 years. As the sequela of credit continues to shrink, the financial market is still uncertain. Banks need more security to provide funds. The textile machinery industry is difficult and highly dependent on government subsidies.

Textile machinery industry is trying to maintain growth, and the focus is no longer pushing demand growth.

In the post - economic recession, only those dynamic sectors that adapt to market changes can survive.

A new research report on textile machinery says that the Asia Pacific region dominates the world's textile machinery market, and is the largest single market.

The initiative of local governments has promoted the sales and investment of textile machinery industry, especially in China and India. By 2015, Asia is expected to become one of the fastest growing markets in the world.

according to

Product classification

Spare parts and accessories are the biggest market.

From the perspective of growth potential, weaving machines and knitting machines will grow faster.

Yida group (Itema Group), kiloscar TOYOTA textile machinery Pte Ltd (Kirloskar Toyoda Textile Machinery Private Ltd.), lax m Machinery Factory Co., Ltd., Batliboi, USA, Asia and the United States, (Murray Machinery Co., Ltd.), Murata Machinery Co., Ltd., Santoni group, Ltd., Benninger group, Ltd. the leading companies in the global textile machinery market include the American Textile Machinery Association, Batliboi limited, Benin AG (Benninger AG), and the Intertrad group.