Oct 16 2015
Technavio has published a new report on the global textile machinery market, which is expected to grow at a CAGR of over 13% from 2015-2019.
About the Report
The latest report by Technavio pinpoints the growth of the smart and interactive textile market, which are fabrics embedded with electronic components. These fabrics have a wide range of applications such as health monitoring, heat management, and communication.
“There is an increasing demand for smart textiles in the healthcare sector due to their light weight, flexibility, dimensional variability, and surface modification properties. Thus the growth in the smart textile market will fuel the demand for the textile machinery market,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also emphasizes the use of nanotechnology in textile production, as they provide benefits such as UV protection, easy to clean, water and stain repellent, and anti-odor.
“The conventional methods used to provide different properties to fabrics often do not lead to permanent effects after laundering or wearing. However, nanotech textiles overcome this drawback and retain high durability even after washing,” adds Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the global textile machinery market from 2015-2019. To determine the market size, the report considers unit shipments of machineries such as spinning, weaving, texturing, and knitting.
Key Information Covered in the Report:
- Key Vendors:
- Itema Holding
- LMW
- Murata Machinery
- Trützschler
- Market Growth Drivers:
- Rising demand from automotive and transport sectors
- For a full detailed list, view our report.
- Market Challenges:
- Lack of skilled labor
- For a full detailed list, view our report.
- Market Trends:
- Use of nanotechnology in textile production
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 300+ reports on the machinery market:
- Agricultural Machinery Market in India 2015-2019
- Food Packaging Machinery Market in North America 2015-2019
Source: http://www.technavio.com/