Research and Markets: Global Textile Machinery Market 2016-2020 – High Demand in Automotive & Construction Sectors
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/vxvzxr/global_textile) has announced the addition of the “Global Textile Machinery Market 2016-2020” report to their offering.
The report 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.
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.
The report estimates the Asian region to account for a market share of more than 90% of the total market share by 2020. The prospects for growth in this market are impelled by the domestic demand and exports to countries like the US and Europe. Also, the rise in manufacturing activities and infrastructure development will lead to the substantial growth of this market segment during the predicted period.
- Kirloskar Toyoda Textile Machinery
- Intertrad Group
- Mayer & Cie
- Savio Macchine Tessili
- Navis Global.
Key Topics Covered:
PART 01:Executive summary
PART 02:Scope of the report
PART 03:Market research methodology
PART 05:Market landscape
PART 06:Market segmentation by product
PART 07:Geographical segmentation
PART 08:Key leading countries
PART 09:Market drivers
PART 10:Impact of drivers
PART 11:Market challenges
PART 12:Impact of drivers and challenges
PART 13:Market trends
PART 14:Vendor landscape
PART 15:Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/vxvzxr/global_textile
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