Global Textile Machinery market will reach 104900 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2019/9/3

Textile machinery is a sub-classification of machine tools that are used in the production and processing of yarns, fibers, fabrics and cloth.

The rising demand for non-woven fabrics is one of the primary factors that will trigger the growth of the textile machinery market size till 2023. Non-woven fabrics are manufactured by cost-effective and high-speed manufacturing processes, that involves web formation, web bonding, and finishing. Hence, they require specialized texturing and finishing machinery during production. The non-woven fabrics market is considered as one of the fastest-growing markets. This market is diverse due to the growing demand for disposable non-woven fabrics and advent of superior methods of manufacturing. These factors have significantly contributed to the development of the market for non-woven fabric and simultaneously for the machines required for their production.

The Textile Machinery market was valued at 40000 Million US$ in 2017 and is projected to reach 104900 Million US$ by 2025, at a CAGR of 12.8% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Textile Machinery.

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