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Spinning Machines Market Share

Report ID: GMI12591
Published Date: Dec 2024
Report Format: PDF

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Spinning Machines Market Share

The spinning machines industry, with prominent players, such as Rieter Group, Lakshmi Machine Works (LMW), Toyota Industries Corporation and Juki Corporation holds a market share of ~5%. Manufacturers are adopting strategic steps, such as mergers, acquisitions, partnerships, and collaborations, to meet the growing consumer demand and consolidate their position in the market.

Spinning Machines Market Companies

Major players operating in the spinning machines industry include:

Jingwei Textile Machinery
Juki
Lakshmi Machine Works
Marzoli Machines Textile
Muratec
Picanol
Rieter
Saurer
Savio Macchine Tessili
Schlafhorst
Shima Seiki
TMT Machinery
Toyota Industries
Trutzschler
Zinser

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market size for spinning machines was valued at USD 5.2 billion in 2023 and is expected to reach USD 7.4 billion by 2032, driven by a CAGR of over 4.2% from 2024 to 2032.

Automatic spinning machines dominated the market in 2023 with a valuation of USD 3.6 billion and are expected to grow at a CAGR of 4.4% during the forecast period from 2024 to 2032, driven by their ability to enhance productivity through automation.

The U.S. dominated the North American market with a valuation of USD 1.2 billion in 2023, driven by robust demand for textiles in various sectors and the adoption of advanced spinning technologies.

Major players in the industry include Jingwei Textile Machinery, Juki, Lakshmi Machine Works, Marzoli Machines Textile, Muratec, Picanol, Rieter, Saurer, Savio Macchine Tessili, Schlafhorst, Shima Seiki, TMT Machinery, Toyota Industries, Trützschler, and Zinser.