An Overview of Global Textile Machines Market

Published: 24th August 2010
Views: N/A

Textile machines have their roots of origination in the Asian countries like China. In the European countries, the concept of power looms didn't emerge before the 17th century. However today, the European countries like Germany and Italy are counted among the major textile machines suppliers.



In the developing countries like India, hand weaving practices delayed the use of textile machinery. But, the present day picture for the Indian textile industry is different from past. India not only serves as a major consumer of textile equipments, it also manufactures and exports different machines to the world. So, what have been the global trends in the textile machine manufacturing industry?



Rise in Demand

The decade of 1990s can be easily called the growth period of global textile machines manufacturing. The textile machines manufacturers from all over the world were confident about the growth of the industry and this led to the development of innovative textile machines. The technological development of these machines was supported by:

• Increase in productivity ensured by these machines.

• Better quality products seemed achievable through textile machines.

• It was a cost saving and time efficient process to make use of the textile machines.



By 1993, the textile inventories grew to $6 billion from $4.5 billion in 1985. The global textile machinery manufacturing sector witnessed many ups and downs in terms of shipments, workforce and other factors.



Period of Recession

Just like other industrial sectors, the textile machines manufacturing industry too had to bear the effects of recent economic downturn. Till the first half of the year 2007, the global textile machine manufacturing sector had a favorable growth rate. The countries like China, India and Turkey emerged as the large consumer markets for the textile machinery till 2007. However, the period of recession affected the import statistics adversely:

• In 2008, the number of textile machines imported by China reduced by 25 percent than the preceding year.

• India, the second largest consumer of textile machinery, too faced decline in import by 12 percent.

• The import got down by 53 percent in Turkey as well.



At the same time, the developed countries like the United States, Germany and Switzerland too placed fewer order in 2008. Interestingly, the countries like Russia, Brazil, Egypt and Bangladesh ordered more textile machines during the same period.



Future Forecast

Though, the world has moved out of the recession period, the import and export of textile machinery will take time to be on the growth track. However, the countries like China and India will revive their status as the emerging markets. The textile machines manufacturers in India are set to increase the production of textile machines for domestic as well as global market. Knitting and spinning machines, along with textile testing equipments are the main machines produced in Tamil Nadu and other states of the country.



The rise in demand for non-woven textile products and eco-friendly fibers is going to contribute towards the increase in production of machine used to produce them. So, textile machines can be expected to have a favorable growth period soon.





Author has wide knowledge of B2B Marketplace and Business industries. For latest updates and business opportunities on textile machines, import export trade leads Visit online trade portal Trade.indiaMART.com

Report this article Ask About This Article


Loading...
More to Explore