MRO Magazine

Global Textile Machinery Market 2015-2019 – Rising demand from automobile industry is a Key Market Driver


October 14, 2015
By PRN NewsWire

DUBLIN, Oct. 14, 2015 /PRNewswire/ —

Research and Markets (http://www.researchandmarkets.com/research/qqhhf8/global_textile [http://www.researchandmarkets.com/research/qqhhf8/global_textile]) has announced the addition of the “Global Textile Machinery Market 2015-2019” [http://www.researchandmarkets.com/research/qqhhf8/global_textile] report to their offering.

Nanotech textiles are the new entrants in the textile market. The benefits offered by them are likely to attract vendors. These textiles are a critical requirement in end-user industries such as sports goods, aerospace, and military. The growing popularity of nanotech textiles is likely to boost the textile machinery market in the coming years.According to the report, with the rise in the number of vehicles manufactured, demand for fabric required for designing the interiors of vehicles is also likely to increase. The automotive industry manufactured 89.75 million vehicles in 2014 and this number is expected to reach 118.15 million in 2019, thereby boosting the growth of the textile machinery market in the process.Further, the report states that the market is facing difficulties in achieving cost-effective and efficient operations due to a lack of skilled labor. In addition, the reluctance from vendors to provide in-house training to personnel owing to the additional costs involved affects market growth.

The report includes the present scenario and growth prospects of the global textile machinery market for the period 2015-2019. The market can be segmented into five: spinning, weaving, texturing, knitting, and finishing.

Key vendors

— Itema Holding — Lakshmi Machine Works — Murata Machinery — Truetzschler

Key Topics Covered:PART 01: Executive summary PART 02: Scope of the report PART 03: Market research methodology PART 04: Introduction PART 05: Market landscape PART 06: Market segmentation by product PART 07: Geographical segmentation PART 08: Market drivers PART 09: Impact of drivers PART 10: Market challenges PART 11: Impact of drivers and challenges PART 12: Market trends PART 13: Vendor landscape PART 14: Key vendor analysis PART 15: Appendix For more information visit http://www.researchandmarkets.com/research/qqhhf8/global_textile [http://www.researchandmarkets.com/research/qqhhf8/global_textile]

Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net[mailto:press@researchandmarkets.net]

Photo: http://photos.prnewswire.com/prnh/20130307/600769Research and Markets

Web site: http://www.researchandmarkets.com/