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Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 49
Countries covered: 19
Pages: 225
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Weaving Machine Market
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Weaving Machine Market Size
The global weaving machine market was valued at USD 6.4 Billion and is projected to grow at a CAGR of above 4.4% from 2024 to 2032. The two factors propelling the market's expansion include the automotive, sports and fashion sectors' growing demand for textiles that are higher quality, complex and more resilient, as well as the reason being the more advanced AI and IoT technologies that are embedded within automation and digitization solutions providers, which are continuously transforming the core production processes.
Such rapid innovational growth has enabled manufacturers to automate several stages of production, thus ensuring the target reduction of the labor force required, as well as the number of possibilities for committed mistakes, all of which met the target pace of industrialization and growth, ensuring that the temperature remained within the appropriate limits.
Weaving Machine Market Trends
Weaving machine Market Analysis
According to the type, the weaving machine market is classified into shuttle machines, shuttle-less machines, specialized machines and others. Shuttle-less machines had the greatest market share in 2023 with 3.1 billion dollars and are forecasted to gain 4.2% increase between the timelines of 2024-2032.
Markets are split further into two types of distribution channels, direct and indirect. The direct channel dominated the weaving machine market in 2023, acquiring a market share of 65% and is expected to increase at a rate of 4.5% through the years of 2024-2032.
The U.S. is estimated to remain a robust weaving machine market between 2024-2032, growing at a CAGR of 4.4% due to USD 1.2 billion revenue secured in 2023.
North America: The U.S. is one of the leading countries in the global market of weaving machines due to its advanced textile industry. Several industries including Automotive, apparel and home textiles require high-performance fabrics, which increases the need for advanced weaving technologies.
Moreover, Canada's weaving machine retail is turning out to be a booming market due to its developed textile industry. The region focuses on producing specialized and high-end textiles for clothing, cushions, and engineering fabrics as per the weaving machine market needs. Its location next to the US and investment in state-of-the-art research in textile machinery adds to the value the country provides in the US market.
Europe: The Europe market with a market share of around 28.6% as of the year 2023 and is likely to show an estimated CAGR of about 4.5% in the duration of the forecast. The weaving machine market is strongly based on the influence of Europe which is due to the developed textile industry that is in that region. The high production standards and modern weaving techniques practiced in Europe, especially in the clothing and car manufacturing industries, strengthen the European market's position even further.
Germany holds the weaving machine market for around 5% in the year 2023 and showing potential of strong growth rate in the upcoming years. The country's impressive machinery and technology base and mature market engineering are great assets for the county's success prospects. German businesses are known for their production of high-precision tools with strong emphasis on machine automation, energy conservation and advanced quality of the textile produced.
Asia Pacific: The APAC weaving machine market with a market share of around 22.3% as of the year 2023 and is likely to show an estimated compound annual growth rate of 4.8% over the subsequent period. The market's highest dominance still lies within the Asia-pacific region, this is largely due to a strong foundation in textile manufacturing, rapid industrialization and the adoption of new weaving technologies. The avenues in this region are further enhanced by a cheap workforce, high levels of production as well as a large market for different types of fabrics for apparel and home furnishing.
Among the countries China's market grows at a considerable rate estimating around 4.9% percent in 2023. China is both a large producer and a large consumer of textile machinery. Such dominance of China can be explained by the fact that the country has a huge production established in textiles rendering the government with great support of erecting manufacturing for the initiatives as well as working on developing automation alongside woven fabric technologies.
Weaving Machine Market Share
Weaving machine industry worldwide is moderately fragmented, and the market shares of notable companies such as Picanol, Toyota, Stabuli, Dornier, and Itema are roughly 30-35%. The weaving machines market is arguably advanced and as a result, it attracts several manufacturers who are eager to gain a big share of the industry.
Dominic Expansion Group has embarked on an optimistic approach to strengthening their marketing position through aggressive after sales and maintenance, which is critical in retaining customers. To remain competitive in this fast-emerging market of weaving technology, these making are investing heavily in new digitally enhanced products and automation as well as pursuing an eco-friendly and sustainable strategy. The provision of such diverse services, whether sales or maintaining sewing machines, has significantly altered the competitive environment of the market.
Weaving Machine Market Companies
Major players operating in the weaving machine industry are:
Weaving Machine Industry News
This weaving machine market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) and volume (Thousand units) from 2021 to 2032, for the following segments:
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Market, By Type
Market, By Operation
Market, By Usage
Market, By Distribution Channel
The above information is provided for the following regions and countries: