Analysis of Textile Machinery Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global textile machinery market is valued at US$ 29 billion in 2023 and is projected to reach US$ 52 billion by 2033, registering a CAGR of 6.1% from 2023 to 2033 (forecast period).
Textile machines are used to make and process textiles, garments, and other materials. These tools are used for weaving, spinning, and dying. Textile machinery is also utilized to create dyes and finishes for fiber, yarn, and thread. The textile manufacturing process includes fiber processing, fabric production, yarn production, dyeing and printing, fiber pre-treatment, and applying finishing treatments.
The most popular forms of textile machinery include spinning machines, knitting machines, weaving machines, and texturing machines. Spinning machinery refers to machines that convert prepared cotton roving into usable thread or yarn. A knitting machine produces semi-automatic or completely automated knitted fabrics. Weaving machines are the tools used in the weaving process. Texturing machines can produce 1,200 rolls each month on average, and the machine design is highly adaptable, accommodating a wide range of roll sizes and diameters.
This machinery is broadly used in the textile and apparel industries to manufacture and process textiles, garments, and other nonwoven and woven materials.
The COVID-19 pandemic had a considerable impact on the whole supply chain of the textile sector. While the COVID-19 pandemic caused issues such as raw material shortages, price rises, and supply chain interruptions, the pent-up demand during this time culminated in a surge and recovery in orders in 2021. The pandemic's significant impact on everyday life has also pushed concepts such as circular production, digitalization, and sustainability into the forefront of manufacturers' decisions and investments.
The world's major textile machinery manufacturers believe that the growing pace and sustainable production-oriented advances seen in 2021 and 2022 will be maintained in 2023 and that the industry will be revitalized with the hosting of multiple international exhibitions.
Plasma treatment is becoming incredibly popular in the textile industry. Plasma treatment of textiles to increase performance is expected to benefit several industries, including the military, healthcare, leisure, and athletics. Since the plasma method produces no waste or dangerous by-products, plasma textile modification saves a lot of water, electricity, and chemicals.
Moreover, plasma treatment is widely used in the textile industry because it is an environmentally friendly approach for functionalizing the surface of textiles and fabrics without compromising the material's bulk properties.
The textile machinery industry is currently undergoing a transition from old to advanced machines that improve the final product's quality. This is due to advancements in technology in textile equipment manufacturing.
Market Size (2023)
US$ 29 Billion
Projected Market Value (2033)
US$ 52 Billion
Global Market Growth Rate (2023-2033)
Asia Pacific Market Share (2022)
Spinning Machines Segment Growth Rate (2023-2033)
Key Companies Profiled
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“Burgeoning Textile and Apparel Industry”
Increasing textile and garment demand in developing and developed markets propel the global textile and apparel industry forward. New consumption centers for clothes and home textiles are emerging as the industry evolves.
The growing textile and apparel industry is expected to drive the demand for textile manufacturing machinery.
Textile machinery shipments have expanded in unison with the growing demand for clothing and global textile and apparel trading, boosting the sales growth for textile machines.
“Growing Preference for Secondhand Textile Machinery”
The used textile machines sector is gaining popularity around the world. Since secondhand machinery is less costly than new machinery, many textile companies prefer to purchase it to replace outmoded machinery.
Moreover, used machines can be made available quickly, enabling businesses to stay competitive by incurring small expenditures, leading to increasing demand for used machinery. This is a major aspect likely to negatively affect the sales of textile and embroidery machinery.
Asia Pacific captured 64% of the worldwide market in 2021. Product demand, particularly spinning machines, is growing in Asia Pacific. Increasing foreign investment in the textile and apparel sector is one of the main factors driving the market growth in Asia Pacific.
Moreover, expanding population, changing purchasing patterns, growing disposable incomes, increasing demand for garments and home furnishings, decreased production costs, and cheap labor costs are the key drivers of the regional textile industry. Furthermore, increased automation, digitization, and innovation in products and processes are supporting regional market growth.
South Korea and Japan are among the top contributors to market growth in Asia Pacific. Japan is home to over 45 textile machine powerhouses, such as Murata, Fukuhara, Seiki, and Toyota. Japanese textile machine technology is frequently used in European markets.
Japan's biggest assets are its technological prowess and low prices. Japan's textile machine industry, like its textile industry, is rapidly expanding.
The European market is expected to witness high demand from the apparel industry during the forecast period. Moreover, increased demand for knitting machinery is strengthening the regional market growth.
Germany is the largest contributor to the European market. Germany is well-known as the world's largest manufacturer of textile machines. German textile machinery has established a reputation for producing high-quality machinery. Their textile machines have the greatest level of precision and technical performance in a variety of applications.
German manufacturers are constantly striving to create new developments in the field of textile machinery, which provides them with numerous opportunities.
The German textile machinery industry is expanding its market around the world. The German Textile Machinery Association has arranged events throughout Asia and the Middle East to attract prospective customers.
Demand for textile equipment in North America is increasing due to the rising demand from the textile and clothing industries.
The United States is a market leader in North America. The country's export efforts are likely to increase market growth. Moreover, expanding apparel industry in the country is boosting the demand for tailored machines for production. Furthermore, the growth in population and disposable income are important factors supporting market growth in the United States.
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Demand for spinning machines is expected to increase at a CAGR of 4.6% from 2023 to 2033.
The demand for spinning machines is increasing at a rapid pace. Spinning machines are designed to make yarn from textile fibers that can be synthetic, natural, or blended. These machines were created during the Industrial Revolution to mass-produce cotton textile items.
Cotton yarn production centers are located in China, India, the United States, Pakistan, Brazil, Indonesia, Turkey, Italy, South Korea, Japan, and Egypt. As a result, the leading spinning machinery suppliers concentrate on catering to these regions.
Over the next five years, the sales of spinning machinery are projected to increase due to the rising demand from India.
Key manufacturers of textile machines are aggressively pursuing inorganic marketing tactics such as investments, collaborations, technological advancements, R&D activities, and acquisitions to expand and solidify their overseas footprint.
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The global textile machinery market is valued at US$ 29 billion in 2023.
The market is projected to reach a value of US$ 52 billion by 2033.
Demand for textile machinery is set to evolve at a CAGR of 6.1% from 2023 to 2033.
Asia Pacific held 64% share of the worldwide market in 2022.
A.T.E. Enterprises Private Limited, Savio Macchine Tessili S.p.A, Murata Machinery Ltd, Mayer & Cie GmbH & Co. KG, Batliboi Ltd, Benninger AG, Itema S.p.A, Kirloskar Toyoda Textile Machinery Pvt. Ltd, Picanol Group, Lakshmi Machine Works Ltd, Navis TubeTe
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