Textile Machinery Market Size, Share, Trends and Forecast 2015-2019

The textile and apparel industry plays a significant role in determining the strength of an economy. The value chain of this industry includes primary activities, such as designing, procurement, production, logistics, marketing, and aftersales services. Textile machinery refers to a wide range of equipment used in different stages of manufacturing. Various equipment used in the manufacture of textile are: spinning, weaving, texturing, knitting, and finishing. Textile machinery plays a vital role in carrying out design, production, and packaging operations in the value chain.

Technavio's analysts forecast the global textile machinery market to grow at a CAGR of 13.35% over the period 2014-2019.

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Covered in this report

The report includes the present scenario and growth prospects of the global textile machinery market for the period 2015-2019. The market can be segmented into five: spinning, weaving, texturing, knitting, and finishing.

Technavio's report, Global Textile Machinery Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market in Asia and Europe; it also covers the landscape of the global textile machinery market and its growth prospects in the coming years. The report includes a discussion on the Key vendorsoperating in this market.

Key region

Asia

Europe

Key vendors

Itema Holding

Lakshmi Machine Works

Murata Machinery

Truetzschler

Other prominent vendros

Batliboi

Benninge

Intertrad Group

Kirloskar Toyoda Textile Machinery

Lonati

Mayer & Cie

Navis Global

Rieter

Santoni

Savio Macchine Tessili

Market driver

Rising demand from automobile industry

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Market challenge

Lack of skilled labor

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Market trend

Increased use of nanotechnology in textile...