Global Textile Machinery Market Size to worth USD 84.51 Billion by 2033: Market Statistics Report

Global Textile Machinery Market Size to worth USD 84.51 Billion by 2033

According to a research report published by Spherical Insights & Consulting, the Global Textile Machinery Market Size is Expected to Grow from USD 49.20 Billion in 2023 to USD 84.51 Billion by 2033, at a CAGR of 5.56% during the forecast period 2023-2033.  

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Textile Machinery Market Size, Share, and COVID-19 Impact Analysis, By Type (Spinning Machines, Weaving Machines, Knitting Machines, Finishing Machines, and Others), By Application (Garments & Apparel, Household & Home Textiles, Technical Textiles, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.           

Textile machinery refers to the mechanical equipment that is used to produce any type of fabric, rug, or carpet. These machines are used to collect or make fibres that would be turned into textiles. Fiber processing, yarn production, fabric production, fiber pre-treatment, dyeing and printing, and, finally, the application of finishing treatments are all steps in the textile manufacturing process. The increasing demand for sustainable and eco-friendly manufacturing processing is offering lucrative market growth opportunities for textile machinery with increasing environmental awareness and regulatory pressures. The growing textile industry and rising adoption of advanced textile machines are significantly contributing to driving the market. On the contrary, the need for high capital investment for modern and technologically advanced machinery is challenging the textile machinery market. 

The finishing machines segment is anticipated to hold the largest share during the forecast period.

Based on the type, the global textile machinery market is divided into spinning machines, weaving machines, knitting machines, finishing machines, and others. Among these, the finishing machines segment is anticipated to hold the largest share during the forecast period. The crucial role of finishing textile machines in improving the appearance, quality, and performance of textiles with superior aesthetics and functionality of finished products is responsible for driving the market.

The garments & apparel segment is anticipated to hold the largest market share during the forecast period.

Based on the application, the global textile machinery market is divided into garments & apparel, household & home textiles, technical textiles, and others. Among these, the garments & apparel segment is anticipated to hold the largest market share during the forecast period. The continuous evolution of fashion trends and consumer need for customization are contributing to driving the market demand in the garments & apparel segment.

Asia Pacific is projected to hold the largest share of the global textile machinery market over the forecast period.

Asia Pacific is projected to hold the largest share of the global textile machinery market over the forecast period. With nations like China, India, and Japan playing important roles, this region is the epicentre of textile manufacturing. Significant demand for textile machinery is driven by the expanding textile industry, which is supported by a huge labor force, an abundance of raw materials, and cost-effective production.

North America is predicted to grow at the fastest CAGR in the textile machinery market over the forecast period. The increasing focus on technical textiles and surging innovations are responsible for driving the textile machinery market. The textile industries in the United States and Canada are well-established, especially in the areas of technical textiles used in automotive, healthcare, and aerospace applications.

Competitive Analysis

Major key players in the textile machinery market include A.T.E. Private Limited, Murata Machinery, Rieter, Itema Group, Qingdao Jingtian Textile Machinery Co., Ltd., OC Oerlikon, Trützschler Group, Savio Macchine Tessili S.p.A, Toyota Industries Corporation, SHIMA SEIKI MFG., LTD., and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In June 2023, Modern Meadow, a leading biofabrication company specializing in the development of sustainable materials, announced its strategic partnership with Navis TubeTex, a leading provider of high-technology finishing machinery to the global textile industry.   

• In February 2023, Trützschler Nonwovens tied up with Italian textile machinery manufacturer Texnology S.r.l. – a well-known specialist in the field of needle-punching. With this tie-up, these companies together will offer complete and fully integrated production lines for needle-punched nonwovens under the brand T-SUPREMA.

• In November 2022, Neuenhauser Group has taken over the business unit “Textile Machinery” of Ontec in Naila/Bavaria. With this acquisition, Neuenhauser Group is expanding its product portfolio and competences in the field of textile machinery.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global textile machinery market based on the below-mentioned segments:

Global Textile Machinery Market, By Type

• Spinning Machines
• Weaving Machines
• Knitting Machines
• Finishing Machines
• Others

Global Textile Machinery Market, By Application

• Garments & Apparel
• Household & Home Textiles
• Technical Textiles
• Others

Global Textile Machinery Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa