Global Spinning Machinery Market – Industry Trends and Forecast to 2029

Spinning Machinery Market Analysis and Size

The move toward automation in each spinning machinery line is one of the major trends seen in the spinning machinery market. Additionally, Spanish-based brands for spinning equipment are preferred by yarn production businesses worldwide. The textile ministry is also making efforts to establish more textile parks in nations like China and India, which have a plentiful supply of raw materials and cheap labor. As a result, it is anticipated that over the projected period there would be a large increase in demand for spinning machinery.

Global spinning machinery market was valued at USD 4892.30 million in 2021 and is expected to reach USD 7283.41 million by 2029, registering a CAGR of 5.10% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production and sales, and pestle analysis.

Spinning Machinery Market Scope and Segmentation

Market Definition

Spinning machinery is used to turn textile fibers into natural, synthetic, and blended fibers into yarn. These devices were created during the Industrial Revolution to make cotton textiles in large quantities. At present, constructing a line of machines with the goal of performing a number of functions from fiber stage to yarn stage requires significant capital expenditure in addition to noteworthy infrastructure. Bale opening, conditioning of synthetic fibers, mixing, carding, drawing, speed frame, ring frame, and cone winding are some of the processes of spinning.

Spinning Machinery Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Surging Usage of Textile Spinning Machinery

The main factors boosting demand for spinning equipment include the rise in nonwoven textile sales and demand, electrospinning machines, and the rising global fashion industry. Furthermore, a growth in textile production due to an increase in the use of automated spinning equipment in the textile industry is projected to propel the global market for textile spinning machinery. The huge rise in demand for automotive textiles and geotextiles throughout the forecast period is anticipated to open up opportunities for global market competitors. As a result, the need for spinning machinery in the healthcare industry is anticipated to rise over the forecast period.

Furthermore, the rapid urbanization and the inflating disposable incomes further increase the market demand. The growing population and increasing investments in spinning machinery will further boost the market growth over the forecast period.

Opportunities

• Innovation and Initiatives

The manufacturers of spinning machinery are consistently working on innovations, which is estimated to generate lucrative opportunities for the market. Moreover, the government is taking initiatives to setup up more textile parks, which is also estimated to offer growth prospects to the market over the forecast period.

Restraints/Challenges

• High Costs

The major barrier of the market expansion is the high manufacturing cost of the machinery. The high cost associated with manufacturing and maintenance costs further increases the overall cost of spinning machinery, hindering market growth.

• Drawback Associated with Machinery

The significant risk of machine exposures has a negative effect on the growth of the market for spinning machinery. This factor is projected to pose as a challenge for the spinning machinery market over the forecast period.

This spinning machinery market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the spinning machinery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on the Spinning Machinery Market

The coronavirus outbreak is projected to hugely impact the spinning machinery market. There has been various lockdown and travel restrictions, which has largely resulted in the unavailability of the raw materials and suspension of various manufacturing activities across the globe. This has negatively affected the market growth over the forecasted period. The spinning machinery market size and spinning machinery market share decreased as a result of the shutdown since the production of spinning machines and the provision of related services were restricted to reasonable levels. Some retail businesses and online services have temporarily been shut down. The industrial automation and equipment business has suffered as a result of these problems, which have had a considerable negative influence on the world economy. There was a significant supply and demand deficit as a result of the ban on spinning machinery output. The COVID-19 epidemic has had an effect on the supply networks of numerous spinning machinery manufacturers. A number of businesses are also having cash flow issues, which could make them completely stop their production operations. As a result, the market for spinning machinery is anticipated to be significantly affected by COVID 19.

Recent Developments

• In January 2022, The Italian company Morgan Tecnica (of the ATE Group) created the single ply cutting technology to satisfy such needs. Multiple cutting heads on the PLY1 can cut both soft and hard textile materials. PLY1 can quickly and accurately handle various fabrics, including carpet fabric and even unusual materials with various compositions and dimensions, up to a thickness of 60 mm.
•  In April 2021, The 40,000 square foot expansion for the Giant Magellan Telescope structure was started by Ingersoll Machine Tools. As part of the development, an Ingersoll MasterMillTM will be installed in the new structure, creating one of the biggest milling centres in the country and meeting the manufacturing requirements of the U.S. Defense Department.

Global Spinning Machinery Market Scope

The spinning machinery market is segmented on the basis of type, material and end use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Ring
• Rotor Spinning

Material

• Natural
• Synthetic
• Others

End-Use Industry

• Clothing
• Textile
• Other Industry

Spinning Machinery Market Regional Analysis/Insights

The spinning machinery market is analyzed and market size insights and trends are provided by country, type, material and end use industry as referenced above.

The countries covered in the spinning machinery market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the spinning machinery market because of the increasing installation of spinning machinery within the region during the forecast period of 2022 to 2029. Also, the presence of advanced machinery will further boost the growth of the Nano-robots market in the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the Supporting government policies in rising countries such as China and India. Moreover, the high demand from various industries will also boost the regional market’s growth.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Spinning Machinery Market Share Analysis

The spinning machinery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to spinning machinery market.

Some of the major players operating in the spinning machinery market are

• Rieter (Switzerland)
• Saurer Intelligent Technology AG (Switzerland)
• Murata Machinery USA, Inc. (U.S.)
• LAKSHMI MACHINE WORKS LIMITED (.India)
• Trützschler (Switzerland)
• KIRLOSKAR TOYOTA TEXTILE MACHINERY PVT LTD. (India)
• A.T.E. Private Limited (India)
• Itema S.p.A. (Italy)
• Marzoli Spinning Solutions (Italy)
• Savio Macchine Tessili S.p.A. (Italy)

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