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Weaving Machine Market Size
The global weaving machine market was valued at USD 6.4 billion in 2023 and is anticipated to register a CAGR of over 4.4% between 2024 and 2032 driven by the escalating demand for high-performance textiles. Industries such as automotive, sportswear, and fashion are increasingly seeking sophisticated fabrics that offer superior strength, flexibility, and design capabilities.
Technological advancements in automation and digitalization are revolutionizing industry. The integration of smart technologies, including the Internet of Things (IoT) and Artificial Intelligence (AI), has resulted in more automated weaving machines. These innovations enable manufacturers to optimize production processes, reduce labor costs, and minimize errors. Consequently, productivity has improved, meeting the growing demand for faster and more efficient textile production. These technological advancements, coupled with the increasing need for high-performance textiles, are collectively fostering robust market growth.
Who are the major players in the weaving machine market?
Key players in the weaving machine industry include Dornier, Fong’s National Engineering, Itema, KARL MAYER, Laxmi Group, Lohia Corp Limited, Nisshinbo Industries, Picanol, RIFA, Saurer Group, Staubli, Toyota Industries Corporation, Vamatex, Weaving Machinery Solutions, and Zhejiang Hengtai.
What trends are driving the U.S. weaving machine market growth?
The U.S. weaving machine market exceeded USD 1.2 billion in 2023 and is expected to grow at a 4.4% CAGR through 2032, supported by advancements in textile manufacturing, automation, and the demand for high-performance fabrics in industries like automotive and home textiles.
How big is the weaving machine market?
The global market for weaving machine was reached USD 6.4 billion in 2023 and is projected to grow at a 4.4% CAGR from 2024 to 2032, driven by the rising demand for high-performance textiles across industries like automotive and fashion.
Why is the adoption of shuttle-less machines increasing?
The shuttle-less machines segment was valued at USD 3.1 billion in 2023 and is expected to grow at a 4.2% CAGR from 2024 to 2032, as these machines offer superior speed, fabric quality, and operational efficiency compared to traditional shuttle machines.
What is the market share of the direct distribution channel in the weaving machine industry?
The direct distribution channel held approximately 65% of the market share in 2023 and is anticipated to grow at a 4.5% CAGR from 2024 to 2032, as manufacturers increasingly focus on direct customer relationships to enhance delivery control and provide tailored solutions.