LONDON--(BUSINESS WIRE)--Technavio’s latest report on the global finishing machinery market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
The global finishing machinery market relies on the dynamics of the global textile trade. Improving economic conditions coupled with the continuous growth in global population will form the basis for the increasing demand for basic commodities such as textiles. The apparel market witnessed relatively high growth in developing nations such as India, China, and Brazil than developed nations.
Gaurav Mohindru, a lead analyst from Technavio, specializing in research on unit operations sector, says, “Textile machinery manufacturing takes place in both the organized and unorganized sectors. The organized sector in Asia and Europe offers high production capabilities for this machinery. The demand for textile machinery is highest in the retail sector, followed by the automobile industry.”
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The top three emerging trends driving the global finishing machinery market according to Technavio research analysts are:
- Use of nanotechnology in textile production
- Smart textiles
- Automation in dyeing
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Use of nanotechnology in textile production
The use of conventional methods to impart different properties, such as color, texture, and others, to the fabric, often do not lead to permanent effects after wearing or laundering. This drawback can be overcome by using nanotechnology textiles, which offer high durability even after washing.
“These textiles have applications in end-user industries such as sporting goods, skincare, space technology clothing, and materials technology for protection from harsh environmental conditions. These fabrics have preferential properties such as large surface area, small fiber diameter, and relatively high filtration and permeability,” according to Gaurav.
The ability of textiles to adapt to any shape has facilitated the integration of electronic components in textiles. Smart textiles also referred as interactive textiles, are textiles that integrate electronic components like sensors. These are widely used in applications such as heat management, illumination, sensing, health monitoring, and other related uses.
The global smart textiles market is expected to grow steadily at a CAGR of almost 25% during the forecast period. With a share of close to 43%, North America dominated the smart textile market in 2015, owing to the high demand for materials that facilitate the integration of electronic components.
Automation in dyeing
The dyeing stage of textile manufacturing requires the accurate monitoring of ingredients, water level, temperature, time of treatment, and water flow circulation. Therefore, automated dyeing optimizes the overall process of textile manufacturing.
Thus, automating the manufacturing process should lead to a significant reduction in the labor cost and that for the manual handling of machines; it is also expected to prevent shop-floor mishaps, resulting in higher product quality. This should facilitate the increased use of textile machinery, resulting in market growth.
The key vendors are as follows:
- Alliance Machines Textiles
- Kusters Zima
- Loris Bellini
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