Technavio, a tech-focused market research firm, has published a market research report on the global textile testing equipment market, which is expected to grow at a CAGR of close to 2% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global textile testing equipment market into the following key regions: APAC, Europe, and ROW.
Click here to request a free sample of this report
Textile Testing Equipment market in APAC: APAC accounts for the largest market share in textile manufacturing. China, India, Vietnam, Pakistan, and Indonesia are the major investors in textile testing equipment from APAC.
According to Anju Ajaykumar, a lead analyst at Technavio, specializing in research on test and measurement, “China is the largest textile exporter and consumer in the world as it has an extensive production capacity. China is increasingly emphasizing on the few measures to improve its textile sector. The measure includes promoting the country’s innovation ability, implementing strategies to produce variety, quality and brand, increasing smart manufacturing, and encouraging green manufacturing. These factors are expected to improve the production value in the textile industry in China, thus driving the growth of the textile testing equipment market in China.”
Textile Testing Equipment market in Europe: Europe is the leading exporter of textile testing equipment worldwide. In the past 10-15 years, the textile industry has seen a substantial increase in the sales of non-woven and textile fabric machinery in Germany, as textile manufacturers are seeking modern machinery and equipment that can deliver superior quality products through accurate and effective performance. As a result, German textile testing equipment is known for the highest-level accuracy and performance excellence. The demand for European textile products overseas has been increasing, and the core demand for textile testing equipment is expected to arise from the growth in export of textile and clothing.
Textile Testing Equipment market in ROW: The major demand for textile testing equipment is expected to arise in the ROW from the Americas and Africa. The US is the major consumer and producer of textile products in the Americas. With increasing exports of garments, apparels, and raw materials for textile industry, the demand for apparel is growing, thus indicating the growing need for textile testing equipment. Similarly, in Africa, government initiatives have helped the country to cope up with the decline in textile industries through the renewal of AGOA (African Growth and Opportunity Act), which enhances the growth of shipments of textiles and garments to the US.
Ask an analyst to know more about this report
The major vendors operating in the global textile testing equipment market are:
- Paramount
- Rieter
- Roaches International
- SDL Atlas
Other projecting vendors in the market include James Heal — Battery Ventures, Dongguan Liyi Environmental Technology, ATI – Advanced Testing Instruments, Presto, Universal Textile Industries, QualiTest, Texcare Instruments, MAG Solvics Private Limited, ETS Intarlaken Technologies, Tony International, and SK Equipment.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Textile Testing Equipment Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Smart Textiles Market for Military 2016-2020
- Paper Manufacturing Market in Bosnia and Herzegovina 2016-2020
- Global Handling and Lifting Equipment Market 2016-2020
To read more press releases – click here
