Textile Machinery Market Global Industry Analysis and Forecast (2024-2030), By Type (Spinning Machines, Weaving Machines, Knitting Machines, Finishing Machines, and Others), By Application (Garments and Apparel, Household and Home Textiles, Technical Textiles, and Others), and Region.
Global Textile Machinery Market Synopsis
Textile Machinery Market Size Was Valued at USD 35 Billion in 2023 and is Projected to Reach USD 50 Billion by 2030, Growing at a CAGR of 5.7% From 2024-2030.
The Textile Machinery Market is projected to experience robust growth leading up to 2030, driven by various factors including technological advancements, increasing demand for textiles, and the integration of Industry 4.0 technologies.
• The adoption of automated systems and Industry 4.0 technologies is enhancing production efficiency and product quality, allowing manufacturers to meet diverse consumer demands more effectively
• There is a growing trend towards customization in the garments and apparel segment, which is expected to lead this market category due to evolving fashion trends and consumer preferences
• The textile machinery market is on a robust growth trajectory through 2030, bolstered by technological innovations, increased customization demands, and strong regional performance, particularly in Asia Pacific. This growth reflects broader trends within the textile industry aimed at enhancing efficiency and product quality while meeting consumer demands for diverse and customized textile products.
Global Textile Machinery Market Trend Analysis
Industry 4.0 Integration:
• The incorporation of smart technologies is revolutionizing textile production, allowing for enhanced automation, real-time monitoring, and improved quality control.
Nanotechnology and Smart Fabrics:
• Innovations in nanotechnology are leading to the development of stronger fabrics with special properties, while smart fabrics equipped with sensors are opening new application avenues.
3D Printing Technology:
• 3D Printing technology is gaining traction for its ability to create intricate designs quickly, catering to both functional and decorative textile applications
Global Textile Machinery Market Segment Analysis:
Textile Machinery Market Segmented based on, Type and Application.
By Type, Finishing Machines segment is expected to dominate the market during the forecast period
• The finishing machines segment is projected to dominate the global textile machinery market and register the second-highest compound annual growth rate (CAGR) over the forecast period. This anticipated market leadership is attributed to the pivotal role that finishing machines play in enhancing the appearance, quality, and performance of textiles. These machines are critical in meeting the growing consumer demand for textiles with superior aesthetics and functionality.
• The ability of finishing machines to improve properties such as softness, colour fastness, and durability directly aligns with trends in the textile industry, where consumers increasingly prioritize high-quality, visually appealing, and functional products.
• Furthermore, advancements in finishing technology, including eco-friendly processes, are driving increased adoption in both traditional and technical textile sectors, further cementing their market position. This strong demand underscores the segment's strategic importance and its contribution to value addition in the textile production chain.
Global Textile Machinery Market Regional Insights:
Asia-Pacific is Expected to Dominate the Market Over the Forecast period
• The Asia-Pacific region is poised to dominate the market for Textile Machinery as largest market share and exhibiting the highest compound annual growth rate (CAGR) over the forecast period. This region serves as the global hub for textile manufacturing, with key players such as China, India, and Japan driving the industry’s growth.
• The region's dominance is underpinned by several critical factors, including a vast labour force, access to abundant raw materials, and cost-efficient production processes, all of which contribute to the substantial demand for textile machinery.
• In addition, proactive government initiatives and policies in countries like China and India, aimed at bolstering the textile sector, are accelerating growth. These include subsidies, tax benefits, and investment in infrastructure that foster a conducive environment for textile manufacturing.
• Furthermore, increased investments in research and development (R&D) within the textile industry are driving innovation in machinery, leading to advancements in automation, energy efficiency, and sustainability. As a result, Asia Pacific's competitive edge in the textile machinery market is expected to strengthen further, positioning the region for sustained growth and technological leadership in the sector.
Global Textile Machinery Market Top Key Players:
• A.T.E. Enterprises Private Limited
• Trutzschler Group
• Savio Macchine Tessili S.p.A
• Rieter Holding AG
• Lakshmi Machine Works Ltd
• Murata Machinery Ltd.
• Santoni S.p.A.
• Saurer Intelligent Technology AG
• TMT Machinery Inc.
• Mayer & Cie. GmbH & Co. KG
• Other Major Players
Key Developments:
• In June 2023, Modern Meadow entered a strategic partnership with Navis TubeTex, a leading provider of high-tech finishing machinery, to innovate the textile manufacturing process. This collaboration aims to leverage Navis TubeTex’s advanced dyeing, finishing, and coating equipment to enhance textile production efficiency and sustainability. By integrating Modern Meadow’s bio fabrication expertise with Navis TubeTex's cutting-edge machinery, the partnership seeks to revolutionize traditional manufacturing methods, enabling the development of eco-friendly, high-performance textiles. This initiative underscores the industry's shift towards sustainable solutions and highlights the growing importance of technology-driven collaborations in advancing textile innovation.
Global Textile Machinery Market RD Toc:
1. Research Methodology
1.1. Global Textile Machinery Market Snapshot, 2024 and 2030
1.2. Data Mining
1.3. Validation
1.4. Primary Interviews
1.5. List of Data Sources
1.6. Future Market Projections
1.7. Industry Developments and Key Market Events
2. Executive Summary
3. Market Overview
3.1. Market Scope and Definition
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunity
3.2.4. Challenges
3.2.5. Key Trends
3.3. Textile Machinery Market: Value Chain
3.3.1. List of Raw Material Supplier
3.3.2. List of Manufacturers
3.3.3. List of Application
3.4. Porter Five Force’s Analysis
3.5. Regulatory and Technology Landscape
4. Global Textile Machinery Market Outlook: Forecast (2024 – 2030)
4.1. Key Highlights
4.1.1. Market Size and Y-o-Y Growth
4.1.2. Absolute $ Opportunity
4.2. Market Size (US$ Mn) Analysis and Forecast
4.2.1. Current Market Size Forecast, 2024 – 2030
4.3. Global Textile Machinery Market Outlook: Type
4.3.1. Introduction / Key Findings
4.3.2. Market Size (US$ Mn) and Forecast Type, 2024 – 2030
4.3.2.1. Spinning Machines
4.3.2.2. Weaving Machines
4.3.2.3. Knitting Machines
4.3.2.4. Finishing Machines
4.3.2.5. Others
4.4. Global Textile Machinery Market Outlook: Application
4.4.1. Introduction / Key Findings
4.4.2. Market Size (US$ Mn) and Forecast By Application, 2024 – 2030
4.4.2.1. Garments and Apparel
4.4.2.2. Household and Home Textiles
4.4.2.3. Technical Textiles
4.4.2.4. Others
5. Global Textile Machinery Market Outlook: Region
5.1. Key Highlights
5.2. Market Size (US$ Mn) and Forecast By Region, 2024 – 2030
5.2.1. North America
5.2.2. Europe
5.2.3. Asia Pacific
5.2.4. Latin America
5.2.5. Middle East & Africa (MEA)
6. North America Textile Machinery Market Outlook: Forecast (2024 – 2030)
6.1. Key Highlights
6.2. Pricing Analysis
6.3. Market Size (US$ Mn) and Analysis By Market, 2024 – 2030
6.3.1. By Country
6.3.2. By Type
6.3.3. By Application
6.4. Market Size (US$ Mn) and Forecast By Country, 2024 – 2030
6.4.1. U.S.
6.4.2. Canada
6.4.3. Mexico
6.5. Market Size (US$ Mn) and Forecast By Type, 2024 – 2030
6.5.1. Spinning Machines
6.5.2. Weaving Machines
6.5.3. Knitting Machines
6.5.4. Finishing Machines
6.5.5. Others
6.6. Market Size (US$ Mn) and Forecast By Application, 2024 – 2030
6.6.1. Garments and Apparel
6.6.2. Household and Home Textiles
6.6.3. Technical Textiles
6.6.4. Others
7. Europe Textile Machinery Market Outlook: Forecast (2024 – 2030)
7.1. Key Highlights
7.2. Pricing Analysis
7.3. Market Size (US$ Mn) and Analysis By Market, 2024 – 2030
7.3.1. By Country
7.3.2. By Type
7.3.3. By Application
7.4. Market Size (US$ Mn) and Forecast By Country, 2024 – 2030
7.4.1. Germany
7.4.2. France
7.4.3. U.K.
7.4.4. Russia
7.4.5. Italy
7.4.6. Spain
7.4.7. Rest of Europe
7.5. Market Size (US$ Mn) and Forecast By Type, 2024 – 2030
7.5.1. Spinning Machines
7.5.2. Weaving Machines
7.5.3. Knitting Machines
7.5.4. Finishing Machines
7.5.5. Others
7.6. Market Size (US$ Mn) and Forecast By Application, 2024 – 2030
7.6.1. Garments and Apparel
7.6.2. Household and Home Textiles
7.6.3. Technical Textiles
7.6.4. Others
8. Asia Pacific Textile Machinery Market Outlook: Forecast (2024 – 2030)
8.1. Key Highlights
8.2. Pricing Analysis
8.3. Market Size (US$ Mn) and Analysis By Market, 2024 – 2030
8.3.1. By Country
8.3.2. By Type
8.3.3. By Application
8.4. Market Size (US$ Mn) and Forecast By Country, 2024 – 2030
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. South Korea
8.4.5. Australia
8.4.6. New Zealand
8.4.7. Singapore
8.4.8. Malaysia
8.4.9. Rest of Asia
8.5. Market Size (US$ Mn) and Forecast By Type, 2024 – 2030
8.5.1. Spinning Machines
8.5.2. Weaving Machines
8.5.3. Knitting Machines
8.5.4. Finishing Machines
8.5.5. Others
8.6. Market Size (US$ Mn) and Forecast By Application, 2024 – 2030
8.6.1. Garments and Apparel
8.6.2. Household and Home Textiles
8.6.3. Technical Textiles
8.6.4. Others
9. Latin America Textile Machinery Market Outlook: Forecast (2024 – 2030)
9.1. Key Highlights
9.2. Pricing Analysis
9.3. Market Size (US$ Mn) and Analysis By Market, 2024 – 2030
9.3.1. By Country
9.3.2. By Type
9.3.3. By Application
9.4. Market Size (US$ Mn) and Forecast By Country, 2024 – 2030
9.4.1. Brazil
9.4.2. Argentina
9.4.3. Colombia
9.4.4. Peru
9.4.5. Chile
9.4.6. Venezuela
9.4.7. Rest of Latin America
9.5. Market Size (US$ Mn) and Forecast By Type, 2024 – 2030
9.5.1. Spinning Machines
9.5.2. Weaving Machines
9.5.3. Knitting Machines
9.5.4. Finishing Machines
9.5.5. Others
9.6. Market Size (US$ Mn) and Forecast By Application, 2024 – 2030
9.6.1. Garments and Apparel
9.6.2. Household and Home Textiles
9.6.3. Technical Textiles
9.6.4. Others
10. Middle East & Africa Textile Machinery Market Outlook: Forecast (2024 – 2030)
10.1. Key Highlights
10.2. Pricing Analysis
10.3. Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2024 – 2030
10.3.1. By Country
10.3.2. By Type
10.3.3. By Application
10.4. Market Size (US$ Mn) and Forecast By Country, 2024 – 2030
10.4.1. Saudi Arabia
10.4.2. UAE
10.4.3. Egypt
10.4.4. Kuwait
10.4.5. South Africa
10.4.6. Rest of Middle East & Africa
10.5. Market Size (US$ Mn) and Forecast By Type, 2024 – 2030
10.5.1. Spinning Machines
10.5.2. Weaving Machines
10.5.3. Knitting Machines
10.5.4. Finishing Machines
10.5.5. Others
10.6. Market Size (US$ Mn) and Forecast By Application, 2024 – 2030
10.6.1. Garments and Apparel
10.6.2. Household and Home Textiles
10.6.3. Technical Textiles
10.6.4. Others
11. Competition Analysis
11.1. Market Share Analysis Of Top Vendors
11.2. Market Structure
11.2.1. Competition Intensity Mapping By Market
11.2.2. Competition Dashboard
11.2.3. Key Development Strategies
11.3. Company Profiles
11.3.1. A.T.E. Enterprises Private Limited
11.3.1.1. Overview
11.3.1.2. Offerings
11.3.1.3. Business Segment & Geographic Overview
11.3.1.4. Key Financials
11.3.1.5. Key Market Developments
11.3.1.6. Key Market Strategy
11.3.2. Trutzschler Group
11.3.3. Savio Macchine Tessili S.p.A
11.3.4. Rieter Holding AG
11.3.5. Lakshmi Machine Works Ltd
11.3.6. Murata Machinery Ltd.
11.3.7. Santoni S.p.A.
11.3.8. Saurer Intelligent Technology AG
11.3.9. TMT Machinery Inc.
11.3.10. Mayer & Cie. GmbH & Co. KG
11.3.11. Other Major Players
