MRO Magazine

Research and Markets: Global Textile Machinery Market 2016-2020 – High Demand in Automotive & Construction Sectors


January 7, 2016
By Business Wire News

DUBLIN

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.

Companies Mentioned:

  • Itema
  • LMW
  • Murata
  • Trützschler
  • Batliboi
  • Kirloskar Toyoda Textile Machinery
  • Benninger
  • Intertrad Group
  • Lonati
  • Mayer & Cie
  • Rieter
  • Santoni
  • Savio Macchine Tessili
  • Navis Global.

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: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

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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