LONDON--(EON: Enhanced Online News)--According to the latest market study released by Technavio, the global spinning machinery market is expected to grow at a CAGR of close to 6% during the forecast period.
“China is one of the largest producers of textile machinery worldwide with the manufacturers offering a diversified and high volume of products. It was the second largest textile machinery exporter in 2014”
This research report titled ‘Global Spinning Machinery Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
According to Anju Ajaykumar, a lead analyst at Technavio for unit operations research, “The global spinning machinery market is expected to grow during the forecast period due to government initiatives and technological advances. For instance, the Indian government is providing financial assistance, tax incentives, and quality infrastructure to support the growth of its textile machinery industry.
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The market research analysis categorizes the global spinning machinery market into three major product segments. They are:
- Short-staple spindles
- Long-staple spindles
- Open-end rotors
Global spinning machinery market by short-staple spindles
The global spinning machinery market is dominated by the short-staple spindle segment, which accounted for close to 95% of the market share in 2016. Short-staple spindles are used for spinning yarns from cotton, polyester, viscose, and other blends. With increased production of these fibers, the demand for short-staple spindle has increased. The leading countries in APAC such as China, India, Vietnam, Bangladesh, Indonesia, and Pakistan have the maximum installed capacities of short-staple spindles.
“China is one of the largest producers of textile machinery worldwide with the manufacturers offering a diversified and high volume of products. It was the second largest textile machinery exporter in 2014,” says Anju.
Global spinning machinery market by long-staple spindles
The global spinning machinery market by the long-staple spindle segment is expected to grow at a CAGR of close to 4%. Long-staple spindles are mainly used for spinning wool and acrylic fibers. With increased demand for woolen and acrylic products from various countries, the need for long-staple spindles machinery is expected to increase. These spindles are shipped to APAC, Europe, and African countries. Turkey, Iran, and China are the major countries that utilize long-staple spindles.
Global spinning machinery market by open-end rotors
The global spinning machinery market by the open-end rotors segment is expected to grow at a CAGR of close to 4%. The open-end rotor is an equipment used for spinning yarn without a spindle. It is used to spin all types of yarns, including cotton, acrylic, polyester, and linen. Different types of fibers require different rotors. The yarn spun from open-end rotors has low tensile and tearing strength. With increased demand for textiles, the demand for open-end rotors is also expected to increase.
The North American market is the largest market for technical textiles with Mexico and Canada being the largest markets in the region. APAC is also emerging as a lucrative market and is expected to witness growth during the forecast period owing to increasing urbanization, improving economic conditions, and rising GDP.
The top vendors highlighted by Technavio’s heavy industry market research analysts in this report are:
- Murata Machinery
- LAKSHMI MACHINE WORKS
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- Global Textile Machinery Market 2016-2020
- Global Technical Textiles Market 2016-2020
- Global Smart Textiles Market 2016-2020
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