The Asia Pacific Textile Processing Machinery Market would witness market growth of 5.6% CAGR during the forecast period (2023-2030).
The China market dominated the Asia Pacific Textile Processing Machinery Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5,265.4 million by 2030. The India market is registering a CAGR of 6.1% during (2023 - 2030). Additionally, The Japan market would showcase a CAGR of 4.7% during (2023 - 2030).
Textile processing machinery serves many uses in the textile industry, enabling manufacturers to achieve efficiency, productivity, and quality in textile production processes. For instance, spinning machines convert raw fibers such as cotton, wool, and synthetic fibers into yarns suitable for weaving or knitting. These machines draw out and twist fibers to create continuous strands of yarn, which are then wound onto spindles or bobbins for further processing.
Weaving looms interlace yarns to form fabrics, creating patterns and textures such as plain, twill, and satin weaves. These looms lift and lower warp yarns while inserting weft yarns across the warp to create the desired fabric structure. Also, knitting machines produce knitted fabrics by interlocking yarns in a series of loops, offering flexibility and stretchability in textile products. These machines come in various configurations, including flat-bed, circular, and warp knitting machines, each suited to different types of knitted fabrics and applications.
According to the State Council Information Office of the People’s Republic of China, the total profits of China’s major textile enterprises rose 7.2 percent year on year in 2023. Textile producers generated profits of 180.2 billion yuan (about 25.38 billion U.S. dollars) in 2023. Also, China’s textile and garment exports hit 293.6 billion dollars in 2023, down 8.1 percent from the previous year. Textile and garment exports resumed expansion in December 2023, up 2.6 percent yearly to 25.3 billion dollars. Likewise, government investments in the wool industry often target initiatives to increase wool production. According to the Indian Trade Portal, the Ministry of Textiles formulated an Integrated Wool Development Programme (IWDP) to develop India’s wool sector. This scheme has been formulated to improve the country’s competitiveness and the quality of woolen products. Under IWDP, the ministry has allocated Rs. 126 crore (US$ 1.66 million) as a part of a five-year plan (2021-22 to 2025-26). This scheme aims to harmonize the wool supply chain, link the wool industry and producers, and provide a marketing platform for India’s smaller wool product manufacturers. Therefore, the expansion of the textile industry and increasing government investment in the wool industry are driving the market’s growth.
Free Valuable Insights: The Global Textile Processing Machinery Market is Predict to reach $ 40.7 Billion by 2030, at a CAGR of 5.3%
Based on Application, the market is segmented into Garments & Apparels, Household & Home Textiles, and Technical Textiles. Based on Raw Material, the market is segmented into Cotton, Silk, Polyester, Wool, and Other. Based on Process, the market is segmented into Drying Machines, Ironing Machines & Presses, Washing Machine, Bleaching & Dyeing Machines, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Application
By Raw Material
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