Technavio, a tech-focused market research firm, has published a new report on the global short-staple spindles market, which is expected to grow at a CAGR of close to 6% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global short-staple spindles market into the following key regions: the Americas, Africa, APAC, and Europe.
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Short-staple spindle market in APAC: APAC accounted for the maximum share in the short-staple spindle industry in 2016. The four major countries investing in the short-staple spindle market in APAC are India, China, Vietnam, and Indonesia.
According to Anju Ajaykumar, a lead analyst at Technavio, specializing in research on engineering tools, “The market in China attracts many global established players in the textile machinery to expand their business in the country through joint ventures, exports, and manufacturing facilities. Similarly, the textile market in India is improving due to the government initiatives to improve the market and increase exports. The government has also introduced duty drawback for exports of non-fabric raw materials made from imported fabrics, which is likely to boost the textile and garment sectors, hence driving growth in the yarn spinner market.”
Short-staple spindle market in the Americas: The US market experienced an expansion, spurred by the growth of the textile industry in areas such as North Carolina. North Carolina restored its market through the adoption of new technologies such as automation of machinery for handling the heavy lifting and dyeing processes. With rising demand for automated machineries, the industry is moving toward less labor and energy-intensive way of manufacturing. Moreover, an increase in productivity such as soaring cotton yarn and low energy costs in ring spinning are likely to improve the market revenues and spinning machine shipments.
Short-staple spindle market in Europe and Africa: Germany is one of the leading exporters of weaving machine across the globe and one of the largest manufacturers of technical textiles and non-woven textile machinery. The German textile machinery industry is on the verge of expanding its market globally. Textile machinery manufacturers are organizing conferences and events in MEA to attract potential end-users. The textile machinery market has immense potential due to aging infrastructure and textile machinery in Africa, increasing the growth of the spinning equipment market in Africa.
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The top vendors operating in the global short-staple spindles market are:
- Reiter
- ITEMA
- Lakshmi Machine Works
- Truetzschler
Other prominent vendors in the market include Bräcker, Marzoli Spinning Solutions, and Saurer.
A more detailed analysis is available in the Technavio report titled, ‘Global Short-Staple Spindles Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Smart Textiles Market 2016-2020
- Global Technical Textiles Market 2016-2020
- Global Textile Machinery Market 2016-2020
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