Spinning Machinery Market 2019: Global Industry Analysis and Opportunity Assessment, Forecast To 2025
Market Research Future published a Half-Cooked Research Report on the global spinning machinery market that contains the information from 2017 to 2025. The global spinning machinery market is expected to progress with the CAGR of ~5.5% from 2019 to 2025.
Taste the market data and market information presented through more than 100 market data tables and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content & market synopsis on “Global Spinning Machinery Market Information from 2017 to 2025."
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The growing textile infrastructure and spinning equipment service market is expected to drive the growth of the market during the forecast period. Considering the current scenario, the manufacturers are more inclined towards the development and manufacturing of spinning machinery in developing countries such as India, Brazil, China, and Mexico. Furthermore, the emerging economies and growing adoption of automation technology in spinning machinery are expected to create opportunities in the global market in terms of new demands and sales during the forecast period. The stages of spinning include bale opening, conditioning of human-made fibers, blending, carding, drawing, speed frame, ring frame, and cone winding.
However, the lack of skilled workers and high costs associated with the spinning machinery is hindering the market growth during the forecast period. Therefore, the global spinning machinery market is estimated to witness ~5.5% CAGR during the forecast period, 2019–2025.
The global spinning machinery market is segmented based on type, raw material, application, and region. On the basis of type, the global market has been segmented into ring, rotor, and others. On the basis of material, the global market has been segmented into natural, synthetic, and others. On the basis of end-use industry, the global market has been segmented into clothing, textile, and others.
On the basis of type, the ring segment is expected to dominate the global market in terms of value during the forecast period. The ring spinning machinery provides a smoother surface finish, eliminates the buildup of vibration that can occur when machining at a fixed speed without sacrificing quality. Hence, due to these features, the demand for ring spinning is growing, which in turn further boost the market growth.
On the basis of material, the synthetic fibers segment is expected to witness significant growth in the global market during the forecast period, owing to increase in demand from outdoor, indoor, and commercial applications and growing human-made fiber-producing plants in the world.
On the basis of end-use industry, the textile industry segment is expected to dominate the global market in terms of value during the forecast period. The increasing adoption of automated textile machinery is expected to influence the demand for spinning machinery during the forecast period. On the other hand, the clothing segment is projected to grow at the highest rate than the textile and others segments due to the growing fashion industry around the world.
Geographically, in the global spinning machinery market, Asia–Pacific is expected to be the dominant region throughout the forecast period and is projected to register a higher growth rate than North America, Europe, and the rest of the world. This growth can be attributed to the rise in manufacturing activities and infrastructure development in China, Japan, and India. On the other hand, North America is projected to witness significant growth over the forecast period due to the presence of many major spinning machinery manufacturers in the US. Europe is expected to witness substantial growth owing to stringent government standards and growth of textile industry market in the region.
The prominent players operating in the global spinning machinery market are Rieter (Switzerland), Saurer AG (Switzerland), Murata Machinery USA, Inc. (US), Lakshmi Machine Works Limited (India), TrĂĽtzschler (Switzerland), Kirloskar Toyota Textile Machinery Pvt. Ltd (India), A.T.E. Private Limited (India), Itema S.p.A. (Italy), Marzoli Spinning Solutions (Italy), and Savio Macchine Tessili S.p.A. (Italy).
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the necessary assessment of the competitive scenarios and strategies in the global spinning machinery market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing & cost analysis.
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