Market Scale And Forecast Of China'S Textile Machinery Industry In 2019

According to the "China Textile Machinery Industry Research and investment prospect forecast report" issued by standing wood information advisory (2019 Edition), it shows that: from a global perspective, the development and production of textile machinery are mainly concentrated in Europe and Asia.

The level of textile machinery in Europe has been in the leading position, mainly in Switzerland, Italy, France, Germany and other countries.

The Asian market is dominated by Japan, China, India, Korea and other countries. Japan's textile machinery level is relatively advanced, but China is also playing an increasingly important role in the production and sales of textile machinery worldwide.

From 2012 to 2016, the main business revenue growth of textile machinery industry decreased from 5.54% in 2012 to 0.51% in 2016. The textile industry recovered in the 3 quarter of 2016, and the overall recovery began in 2017, thus leading to a significant rebound in the textile machinery industry in the upstream.

In 2017, the main business income of China's textile machinery industry reached 114 billion 927 million yuan, an increase of 9.64% over the same period last year, with a total profit of 8 billion 363 million yuan, an increase of 23.11% over the same period last year.

Since 2018, the textile machinery industry has continued to promote intelligent manufacturing, adjust and optimize the industrial structure. With the further release of equipment upgrading and upgrading of textile machinery in the domestic market and the steady progress of the "one belt and one road" initiative in the international market, the textile machinery industry has continued to grow in the second half of 2017 since the second half of 2018, and the main economic indicators have maintained growth, thus achieving a smooth operation of the industry.

In the first half of 2018, the textile machinery industry achieved 55 billion 626 million yuan in main business income, an increase of 16.02% over the same period last year, with a total profit of 3 billion 181 million yuan, an increase of 19.56% over the same period last year.

With the structural adjustment of textile machinery industry and the improvement of product technology level, as well as the prosperity of downstream textile industry and the stability of the textile export market, at the same time, the growth rate of cost and cost has been controlled, and the profit level of the industry has been improved.

China's textile machinery is mainly exported to India, Indonesia, Vietnam, Bangladesh and the United States, and exports to the above countries account for 50.56% of the total export volume.

Indonesia, Vietnam, Bangladesh and other Southeast Asian countries have a large population. The above countries have listed the textile and garment industry as the focus of their national industrial development. Therefore, the demand for textile machinery and equipment in these countries is also very strong. A large number of textile machinery needs upgrading, especially those with relatively backward industrial bases in other countries, which have become the main source of textile equipment for importing other countries.

China's textile machinery and equipment has a strong competitive advantage over the local enterprises in these countries in terms of price performance ratio and after-sales service, thus providing broad market space for the future export of China's textile machinery industry.