Market Size of Global Weaving Machinery Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 4.10 % |
Fastest Growing Market | Asia |
Largest Market | Asia |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Weaving Machinery Market Analysis
The Global Weaving Machinery Market is expected to grow at a CAGR of 4.1% over the forecast period of 2022-2027.
The outbreak of COVID-19 has compelled government authorities to take stringent measures. Partial or complete lockdowns were imposed in several emerging and developed countries to minimize the spread of the virus. The manufacturing was restricted to permissible limits under the lockdown.
With the rising global population and resultant intake of apparel based items, the weaving machine market growth is expected to further ascend along subsequent periods. Additionally, the advent of technical fabrics requiring the need of woven items will incur the usage of weaving machines. The packaging industry for industrial bags and sacs is expected to offer growth opportunities in future for weaving machines owing to the variety of woven articles produced. On the hindsight, the emergence of non-woven items may act as a deterrent to the growth of weaving machines market.
Weaving machine have widespread applications in clothing and textile manufacturing industries, for the fabrication and processing of textiles, fabrics, and other woven materials. In some special cases weaving machine are also used for weaving of metal wires in industrial applications.
On the back of rise in textile and clothing manufacturing across the globe weaving machine market is expected to witness substantial growth during the forecast period. The manufacturers are also focusing on manufacturing of products with higher efficiency and durability.
Weaving Machinery Industry Segmentation
Weaving machine is a device mainly used for weaving fabrics and tapestry. The basic function of a weaving machine is for holding the warp threads under tension for enabling the interweaving of weft threads. Weaving machine can be used for various types of weaves such as plain Weave, satin weave, twill weave, etc. The Global Spinning Machinery market is segmented by Machine Type (Shuttle Weaving Machine, Circular Weaving Machine, Others), by Weaving Type (Plain Weave, Satin Weaving, Twill Weaving, Others), by Application (Clothing, Upholstery Fabric, Automotive Textiles, Sportswear, Others) and by Geography (North America (United States, Mexico and Canada), Asia-Pacific (China, Japan, India, Bangladesh, Turkey, South Korea, Australia, Indonesia and Rest of Asia), Europe (Germany, France, United Kingdom, Italy, Spain, Russia and Rest of Europe), Middle East & Africa (Egypt, South Africa, Saudi Arabia and Rest of Middle East & Africa) and South America (Brazil, Argentina, Rest of South America)). The report offers market size and forecasts for Global Spinning Machinery market in value (USD billion) for all above segments.
Global Weaving Machinery Market Size Summary
The global weaving machinery market is poised for growth, driven by the increasing demand for apparel and technical fabrics. The market is experiencing a resurgence as the world recovers from the COVID-19 pandemic, which had previously imposed restrictions on manufacturing activities. The rising global population and the growing need for woven items in various industries, including packaging, are expected to propel the market forward. However, the emergence of non-woven materials presents a potential challenge to market expansion. Weaving machines play a crucial role in the textile and clothing manufacturing sectors, with applications extending to industrial uses such as metal wire weaving. The integration of smart automation in weaving processes is anticipated to enhance efficiency, reduce labor costs, and improve the quality of woven products, thereby creating favorable growth prospects.
The fast fashion industry is also contributing to the demand for weaving machinery, with the youth population's preference for affordable and trendy clothing driving market growth. The adoption of virtual and augmented reality technologies by retailers is bridging the gap between online and offline shopping experiences, further boosting the fast fashion market. The weaving machinery industry is highly competitive and fragmented, with key players like Picanol, Reiter, ITEMA, BONAS, and J P Extrusiontech leading the market. Recent developments, such as Itema's expansion in Turkey and Picanol's launch of the PicConnect digital platform, highlight the industry's focus on innovation and technological advancement. These initiatives are expected to enhance the capabilities of weaving machines and strengthen the market's competitive landscape.
Global Weaving Machinery Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Current Market Scenario
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1.2 Market Dynamics
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1.2.1 Drivers
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1.2.2 Restraints
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1.2.3 Opportunities
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1.2.4 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.4.1 Bargaining Power of Suppliers
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1.2.4.2 Bargaining Power of Consumers
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1.2.4.3 Threat of New Entrants
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1.2.4.4 Threat of Substitutes
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1.2.4.5 Intensity of Competitive Rivalry
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1.3 Technological Trends
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1.4 Government Regulations
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1.5 Value Chain / Supply Chain Analysis
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1.6 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION (Market Size by Value)
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2.1 By Machine Type
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2.1.1 Shuttle Weaving Machine
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2.1.2 Circular Weaving Machine
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2.1.3 Others
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2.2 By Material
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2.2.1 Plain Weave
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2.2.2 Satin Weave
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2.2.3 Twill Weave
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2.2.4 Others
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2.3 By Application
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2.3.1 Clothing
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2.3.2 Upholstery Fabric
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2.3.3 Automotive textiles
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2.3.4 Sportswear
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2.3.5 Others
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2.4 By Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 United Kingdom
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2.4.2.2 France
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2.4.2.3 Italy
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2.4.2.4 Spain
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2.4.2.5 Germany
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2.4.2.6 Russia
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2.4.2.7 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 India
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2.4.3.2 China
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2.4.3.3 Japan
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2.4.3.4 South Korea
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2.4.3.5 Southeast Asia
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2.4.3.6 Australia
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2.4.3.7 Rest of Asia-Pacific
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2.4.4 Middle East & Africa
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2.4.4.1 Saudi Arabia
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2.4.4.2 United Arab Emirates
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2.4.4.3 Qatar
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2.4.4.4 South Africa
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2.4.4.5 Rest of Middle East & Africa
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2.4.5 South America
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2.4.5.1 Argentina
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2.4.5.2 Brazil
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2.4.5.3 Chile
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2.4.5.4 Rest of South America
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Global Weaving Machinery Market Size FAQs
What is the current Global Weaving Machinery Market size?
The Global Weaving Machinery Market is projected to register a CAGR of 4.10% during the forecast period (2024-2029)
Who are the key players in Global Weaving Machinery Market?
Picanol, Reiter, ITEMA, BONAS and J P Extrusiontech are the major companies operating in the Global Weaving Machinery Market.