Textile Processing Machinery Market Trends
The global textile processing machinery market size was estimated at USD 29,490.0 million in 2023 and is anticipated to expand at a compounded annual growth rate (CAGR) of 5.5% from 2024 to 2030. The growing textile sector is an important factor contributing to market growth across the globe. The improved quality of produced textiles and adequate customization offered by these machines are further acting as important drivers for market growth. The market demands a machine not only capable of producing high-quality textiles but also capable of handling different types of textiles. Hence, the quality assurance and flexibility offered by these machines are driving the market growth.
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The expansion of the parent market and technological advancement are driving the U.S. market growth. Several advancements in washing machines, drying machines, dyeing machines, and ironing machines over the past few years have resulted in augmented efficiency for attaining sustainability. Hence, with the incorporation of automation-based textile processing machines to improve process control, reduce waste, and improve facility efficiency, the demand for textile processing machinery is expected to increase. High demand for textile processing machinery to ensure product safety and quality has resulted in increased investments from manufacturers of textile processing machinery.
In addition, new facilities have been opened in the U.S., to carry out large-scale textile production, which also offer recycling services. All these factors imply the market growth in the U.S. The industry is characterized by the presence of numerous small- and large-scale manufacturers, resulting in a high level of competition at both global and regional levels. This has a moderate effect on the bargaining power of buyers as product pricing is based on global demand. Furthermore, the competitive nature of this market is expected to contribute to its growth.
The majority of these companies are enhancing their production operations through automation to meet rising consumer demands. Moreover, manufacturers are focusing on sustainable production with minimal wastage and maximum hygiene. Due to these factors, the product demand is anticipated to increase in the coming years. The U.S. is a leading manufacturer of textiles, yarns, textile raw materials, fabrics, home furnishing, apparel, etc. It is also a key producer and exporter of raw cotton, as well as a top importer of raw textiles in the world. According to the National Council of Textile Organizations (NCTO), from 2012 to 2021, the textile industry in the U.S. invested USD 20.9 billion in the deployment of innovative equipment and the establishment of plants.
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Textile Processing Machinery Market
Key Companies & Market Share Insights
The market is fragmented with various global and regional product manufacturers releasing innovative systems and technologies. Various industry participants’ strategies typically involve new product development, product upgrades, and expansions to boost market penetration and respond to the changing technical needs of the application industries. The major players form technical partnerships to innovate and develop novel product lines, therefore expanding their consumer base. In addition, evolving consumer preferences along with quality requirements, as well as energy efficiency, are projected to offer new opportunities for key participants in the coming years.
In November 2023, Alliance Laundry Systems LLC introduced the revolutionary dryer feature (ProCapture) in its dryer machines. This new feature is designed to eliminate the problems caused by lint and improve the yarn strength during the drying process.
Key Textile Processing Machinery Companies:
The following are the leading companies in the textile processing machinery market. These companies collectively hold the largest market share and dictate industry trends.
- A.T.E. Enterprises Private Limited
- Trutzschler Group
- Savio Macchine Tessili S.p.A
- Rieter Holding AG
- Lakshmi Machine Works Ltd
- Murata Machinery Ltd.
- Santoni S.p.A.
- Saurer Intelligent Technology AG
- TMT Machinery Inc.
- Mayer & Cie. GmbH & Co. KG
- Batliboi Ltd, Benninger AG
- Itema S.p.A
- Kirloskar Toyoda Pvt. Ltd
- Picanol Group
- Lakshmi Machine Works Ltd
Global Textile Processing Machinery Market Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the textile processing machinery market based on process, raw material, application, and region:
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Process Outlook (Revenue, USD Million, 2018–2030)
- Washing Machine
- Bleaching/Dyeing Machines
- Drying machines
- Ironing machines and presses
- Others
Raw Material Outlook (Revenue, USD Million, 2018–2030)
- Cotton
- Polyester
- Wool
- Silk
- Other
Application Outlook (Revenue, USD Million, 2018–2030)
- Garments & Apparels
- Household and Hone Textiles
- Technical Textiles
