Spinning machinery refers to machines which process (or spin) prepared fibers into workable yarn or thread. Spinning is one of the major sections of textile industry.
Spinning industries provide yarn to the weaving industries, which provide fabric to the garment industries. The quality of yarn and fabrics greatly influences the quality of the garments. Quality yarn production greatly depends on machinery. The major players in spinning machinery manufacturing are Switzerland, Germany, Japan, Italy, China and India. However Spain, Belgium, Turkey, and France are growing their market share slowly. Switzerland is a master of finely engineered textile spinning machines.
Characterized by the presence of several spinning machine manufacturers, the market is speeding the concentration. The markets competitive environment is intense and the leading players such as Rieter, Saurer, Murata Machinery, lakshmi machine works, and TrÃ¼tzschler currently dominate the market. Major vendors are currently focusing on improving their market shares by enhancing their presence across various geographies. Realizing the increased demand for textile and availability of low cost labor in emerging economies such as India, established players are currently focusing on expand their footprint in developing countries.
The most relevant spinning systems are ring spinning (c.65% market share), followed by rotor spinning (c.30% market share), and air-jet spinning (c.2%5% market share). Exotic spinning principles such as friction spinning are not taken into account here as the utility is not very high.
According to this study, over the next five years the Spinning Machinery market will register a 6.5% CAGR in terms of revenue, the global market size will reach US$ 5760 million by 2024, from US$ 4210 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Spinning Machinery business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Spinning Machinery market by product type, application, key manufacturers and key regions and countries.
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This study considers the Spinning Machinery value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Toyota Textile Machinery
Lakshmi Machine Works
Savio Macchine Tessili
Marzoli Spinning Solutions
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Spinning Machinery consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Spinning Machinery market by identifying its various subsegments.
Focuses on the key global Spinning Machinery manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Spinning Machinery with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Spinning Machinery submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.