According to the latest market research study by Technavio, the global spinning machinery market is expected to grow at a CAGR of close to 6% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global spinning machinery market regarding revenue and emerging market trends. The report also includes a competitive vendor analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the product
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The top three revenue contributing product segments are discussed below:
Global spinning machinery market by short-staple spindles: Short-staple spindles occupy the highest share in the global spinning equipment market. They are used for spinning yarns from cotton, polyester, viscose, and other blends. With increased production of these fibers, the demand for short-staple spindle increases.
“The leading countries in APAC such as China, India, Vietnam, Bangladesh, Indonesia, and Pakistan have the maximum installed capacities of short-staple spindles. Among these, China is one of the largest producers of spinning machines worldwide with the manufacturers offering a diversified and high volume of products,” says Anju Ajaykumar, a lead analyst at Technavio for research on unit operations.
Global spinning machinery market by long-staple spindles: Long-staple spindles are mostly used for spinning wool and acrylic fibers. With increased demand for woolen and acrylic products from various countries, the need for long-staple spinning equipment will 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: Open-end rotor spinning comprises of all the three process of the ring frame, speed frame, and winding. These rotors increase the productivity and can be applicable for automation process. With augmented demand for textiles, the demand for open-end rotors also increases. With the increase in technical textiles, the demand for open-end rotor turning machine also increases. The North American market for technical textile is the largest with Mexico and Canada being the leading markets in the US.
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The top vendors operating in the global spinning machinery market are:
- Rieter
- Saurer
- Murata Machinery
- LAKSHMI MACHINE WORKS
- Trützschler
The other prominent vendors in the market include A.T.E., Itema, Kirloskar Toyota Textile Machinery, Marzoli Spinning Solutions, and Savio Macchine Tessili.
A more detailed analysis is available in the Technavio market research report titled, ‘Global spinning machinery Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Textile Machinery Market 2016-2020
- Global Technical Textiles Market 2016-2020
- Global Smart Textiles Market 2016-2020
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