Research Beam market research analyst predicts the global textile machinery market to grow at an impressive CAGR of nearly 11% by 2020. The rising demand for non-woven fabrics is the primary growth driver for this market. Non-woven fabrics are a web structure of the individual fibers that are neither woven nor knitted. High-speed and low-cost processes are employed to manufacture these fabrics. The manufacturing process includes web formation, web bonding, and finishing, thereby requiring textile machinery in each step.
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The high demand for textiles from automotive and construction sectors is expected to aid the market growth during the forecast period. These technical textiles come with features such as increased conductivity, filtration, flexibility, lightweight, reinforcement, resistance, and strength. The production of these textiles requires precision, compelling OEMs to design machines that are efficient in terms of precision operation and ensure low wastage of textile.
Product-based segmentation of the textile machinery market
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Market research analysts have estimated the spinning machinery segment to be the largest market segment during the forecast period. Much of this segments growth can be attributed to the expansion of spinning machinery capacities in countries like India and China. Since these companies experience a high demand for cotton exports, the expansion of spinning machinery capacities will help these countries to maintain and meet a sustainable demand for spinning machinery during the forecast period.
Key questions answered in the report include
• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global textile machinery market?
• What are the key market trends impacting the growth of the textile machinery market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in the global textile machinery market?
• Trending factors influencing the market shares of Asia, Europe, and the ROW.
• What are the key outcomes of the five forces analysis of the textile machinery market?
Research Beam also offers customization on reports based on specific client requirement.
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Table Of Contents:
PART 01:Executive summary
PART 02:Scope of the report
PART 03:Market research methodology
Key market highlights
PART 05:Market landscape
Market size and forecast
Five forces analysis
PART 06:Market segmentation by product
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