LONDON--(BUSINESS WIRE)--Technavio’s latest report on the global textile machinery market provides an analysis on the most important trends expected to impact the market outlook from 2016-2020. 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 top three emerging trends driving the global textile machinery market according to Technavio heavy industry research analysts are:
- Automation in textile machinery
- Growing popularity of spinning machinery in India
- Overseas demand for Spanish machinery
Automation in textile machinery
According to the research report by Technavio, automation plays a crucial role in improving the quality and cost-competitiveness of textiles. Automated textile machinery accelerates textile production and increases the flow rate of fabric, enabling lean manufacturing. Automation plays a significant role in fiber manufacturing, yarn manufacturing, weaving, dyeing, and finishing processes.
“Automating the manufacturing processes should reduce labor cost and manual handling of machines significantly, and avoid shop-floor mishaps. This will result in the development of superior quality products,” says Anju Ajaykumar, a lead analyst at Technavio for engineering tools research.
Staubli, headquartered in Switzerland, is a mechatronics solution provider to the textile, connectors, and robotics industry. The company provides automated knitting solutions through the DEIMO product line.
Nagata Seiki, a Japan-based industrial hosiery knitting machines manufacturer, launched a new range of fully automatic toe-linking machine model, UT1 (Universal Toe) in September 2014.
Growing popularity of spinning machinery in India
The textile industry in India has only a few players due to high entry barriers such capital-intensiveness and patented technology. As of April 2015, the textile industry had an overall capacity of 50 million spindles, of which nearly 45 million are operational. Despite the oversupply of textiles in the country, the textile industry is planning to increase their spinning capacity, as it expects increased demand from domestic demand as well as export activities to Europe and the US.
Technavio expect that spinning capacity in India to develop, as the country has high cotton export demand. More than 10%-15% capacity will likely be added in the next year. This creates a positive scenario for the domestic spinning machinery manufacturing industry.
“The Textile Machinery Manufacturers Association of India notes that replacement demand for spindles will increase considerably over the next five years. Moreover, rising spinning machinery exports to Myanmar, Bangladesh, Vietnam, Turkey, Pakistan, Indonesia, and Cambodia will drive sales and market revenue,” says Anju.
Overseas demand for Spanish machinery
The Spanish textile machinery manufacturers are gradually making a mark in the global market as they develop the latest technologies in areas such as braiding, technical fabric, spinning, finishing, dyeing, and printing. These manufacturers also manufacture customized machines and are also exporting over 80% of their production. They are focused on R&D, and are known for their defining characteristics such as adaptation, innovation, specialization, quality, and flexibility.
Some of the key developments by the manufacturers in the market are:
- Galan textile machinery has introduced heavy duty ring doubling and twisting machines. The ring diameter ranges from 100 mm to 400 mm, along with the two-for-one twisters and heavy duty precision cross winders for the production of cylindrical or conical bobbins.
- Talleres Ratera has been focusing on research and technological development in braiding industry and its product line includes 350 different models. It has emerged as a market leader in this field exporting its products to 120 countries worldwide.
Browse Related Reports:
- Global Smart Textiles Market for Military 2015-2019
- Technical Textiles Market in the EU 2015-2019
- Global Technical Textiles Market 2015-2019
Purchase these three reports for the price of one by becoming a Technavio subscriber. Subscribing to Technavio’s reports allows you to download any three reports per month for the price of one. Contact email@example.com with your requirements and a link to our subscription platform.
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 firstname.lastname@example.org.