LONDON--(BUSINESS WIRE)--Market research firm Technavio has announced the release of an updated report on the global textile machinery market. This new report will provide expert market insights for the forecast period 2018-2022.
Over the last few years, the growing demand for non-woven fabrics has propelled the need for textile machinery. Technavio’s market research report offers a detailed analysis of the driving factors, along with the leading trends and challenges witnessed by the market.
The upgraded research report on the textile machinery market is an integral part of Technavio’s engineering tools portfolio. Technavio covers an extensive range of market research reports on the engineering tools market, spanning different regions and top industry segments. Some of the topics covered include the commercial HVAC market, commercial refrigeration equipment market, industrial gearbox market, and diesel generator market.
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Global opportunities for growth
Technavio’s previous report on the global textile machinery market showed that Asia had the highest potential in 2016, as compared to Europe and ROW. The main factors leading to the growth of this market in Asia were the domestic demand and exports to countries like the US and Europe. Manufacturing activities and infrastructure development are also driving the market in this region.
In the previous report, a senior research analyst at Technavio stated, “High demand for textiles from automotive and construction sectors are major drivers for this market. Features such as increased conductivity, filtration, flexibility, reinforcement, resistance, and strength are increasing its adoption. Precision is a major requirement for this market and OEMs are compelled to design machines that are precise in operation and ensure low wastage of textiles.”
Technavio’s report will evaluate the key geographical regions and their behavior over the past four years, introducing new data and observations and providing new predictions.
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Detailed analysis at your fingertips
Some of the topics that will be revisited in the new report include:
- Market size and growth rate through 2022
- Top factors driving the market growth
- Competitive landscape and market share analysis of the key players
- Challenges faced by the market
The report on the global textile machinery market for the period of 2018-2022 is available to order now and will be delivered within one week of purchase.
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