Textile Machinery Market Trends Development & Industry Challenges Report to 2020

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Date Submitted: 12/22/2015 01:15 AM

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Global Textile Machinery Market 2016-2020 report is the latest addition to RnRMarketResearch.com industry research reports collection. The report is about 50 pages and provides 21 Exhibits; the report is published in Dec -2015.

Global textile machinery market to grow at an impressive CAGR of nearly 11% by 2020. The rising demand for non-woven fabrics is the primary growth driver for this market. Non-woven fabrics are a web structure of the individual fibers that are neither woven nor knitted. High-speed and low-cost processes are employed to manufacture these fabrics. The manufacturing process includes web formation, web bonding, and finishing, thereby requiring textile machinery in each step.

The high demand for textiles from automotive and construction sectors is expected to aid the market growth during the forecast period. These technical textiles come with features such as increased conductivity, filtration, flexibility, lightweight, reinforcement, resistance, and strength. The production of these textiles requires precision, compelling OEMs to design machines that are efficient in terms of precision operation and ensure low wastage of textile.

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Product-based segmentation of the textile machinery market

• Spinning

• Texturing

• Weaving

• Knitting

• Finishing

They market research analysts have estimated the spinning machinery segment to be the largest market segment during the forecast period. Much of this segment's growth can be attributed to the expansion of spinning machinery capacities in countries like India and China. Since these companies experience a high demand for cotton exports, the expansion of spinning machinery capacities will help these countries to maintain and meet a sustainable demand for spinning machinery during the forecast period.

Geographical segmentation of the textile machinery market

• Asia