According to a new report, published by KBV research, The Global Textile Processing Machinery Market size is expected to reach $40.7 billion by 2030, rising at a market growth of 5.3% CAGR during the forecast period.
The market plays a pivotal role in the global textile industry, providing essential equipment and technologies for processing, manufacturing, and finishing textiles. This machinery includes a variety of devices, from weaving and spinning to printing, dyeing, and finishing, that are used to turn raw materials into completed textile goods. Furthermore, this machinery finds applications across various sectors of the textile industry, catering to the diverse needs of different end-use industries.
The Garments & Apparels segment is registering a CAGR of 5% during the forecast period. The garments and apparels industry operates on a large scale to meet the global demand for clothing. Mass production techniques and global supply chains enable manufacturers to produce garments efficiently and cost-effectively, catering to diverse markets and consumer segments worldwide. Textile processing machinery plays a crucial role in the mass production of fabrics and garments, offering advanced technologies.
The Cotton segment led the Global Textile Processing Machinery Market by Raw Material in 2022; thereby, achieving a market value of $14.6 billion by 2030. One of the natural resources that is used by businesses the most is cotton, which makes up a sizable share of the global textile manufacturing sector. Due to its breathability, softness, adaptability, and durability, it is preferred for various textile applications, including residential, industrial, and clothing fabrics. The high cotton production translates into a higher demand for textile processing machinery. For example, according to the Ministry of Textile, cotton is one of India’s most important commercial crops and accounts for around 25% of global cotton production.
The Drying Machines segment is growing at a CAGR of 4.6 % during the forecast period. Dryers are equipped with motorized centering and tensioning devices for specific conveyors. When buying a drying machine, heating methods, burner, and chamber should be key when manufacturers consider it. Drying machines efficiently remove moisture from the fabric, thereby accelerating textile production. Due to these machines, manufacturers can ensure controlled and consistent drying, ultimately reducing the process time and improving the quality of the drying process.
Full Report: https://www.kbvresearch.com/textile-processing-machinery-market/
The Asia Pacific region dominated the Global Textile Processing Machinery Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $19 billion by 2030. The Europe region is anticipated to grow at a CAGR of 4.7% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 5.1% during (2023 - 2030).
By Application
By Raw Material
By Process
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