Growing Technical Textile Market to Boost the Global Spinning Machinery Market Through 2021, Says Technavio

Technavio has published a new report on the global spinning machinery market from 2017-2021. (Photo: Business Wire)

???pagination.previous??? ???pagination.next???

LONDON--()--According to the latest market study released by Technavio, the global spinning machinery market is expected to grow at a CAGR of close to 6% during the forecast period.

This research report titled ‘Global Spinning Machinery Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.

According to Anju Ajaykumar, a lead analyst at Technavio for unit operations research, “The global spinning machinery market is expected to grow during the forecast period due to government initiatives and technological advances. For instance, the Indian government is providing financial assistance, tax incentives, and quality infrastructure to support the growth of its textile machinery industry.

Request a sample report: http://www.technavio.com/request-a-sample?report=56709

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

The market research analysis categorizes the global spinning machinery market into three major product segments. They are:

  • Short-staple spindles
  • Long-staple spindles
  • Open-end rotors

Global spinning machinery market by short-staple spindles

The global spinning machinery market is dominated by the short-staple spindle segment, which accounted for close to 95% of the market share in 2016. Short-staple spindles are used for spinning yarns from cotton, polyester, viscose, and other blends. With increased production of these fibers, the demand for short-staple spindle has increased. The leading countries in APAC such as China, India, Vietnam, Bangladesh, Indonesia, and Pakistan have the maximum installed capacities of short-staple spindles.

“China is one of the largest producers of textile machinery worldwide with the manufacturers offering a diversified and high volume of products. It was the second largest textile machinery exporter in 2014,” says Anju.

Global spinning machinery market by long-staple spindles

The global spinning machinery market by the long-staple spindle segment is expected to grow at a CAGR of close to 4%. Long-staple spindles are mainly used for spinning wool and acrylic fibers. With increased demand for woolen and acrylic products from various countries, the need for long-staple spindles machinery is expected to increase. These spindles are shipped to APAC, Europe, and African countries. Turkey, Iran, and China are the major countries that utilize long-staple spindles.

Global spinning machinery market by open-end rotors

The global spinning machinery market by the open-end rotors segment is expected to grow at a CAGR of close to 4%. The open-end rotor is an equipment used for spinning yarn without a spindle. It is used to spin all types of yarns, including cotton, acrylic, polyester, and linen. Different types of fibers require different rotors. The yarn spun from open-end rotors has low tensile and tearing strength. With increased demand for textiles, the demand for open-end rotors is also expected to increase.

The North American market is the largest market for technical textiles with Mexico and Canada being the largest markets in the region. APAC is also emerging as a lucrative market and is expected to witness growth during the forecast period owing to increasing urbanization, improving economic conditions, and rising GDP.

The top vendors highlighted by Technavio’s heavy industry market research analysts in this report are:

  • Rieter
  • Saurer
  • Murata Machinery
  • LAKSHMI MACHINE WORKS
  • Trützschler

Browse Related Reports:

Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like engineering tools, test and measurement, and tools and components. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

According to the latest market study released by Technavio, the global spinning machinery market is expected to grow at a CAGR of close to 6% during the forecast period.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com