How big is the Global Textile Machinery Market?

The Global Textile Machinery Market size is expected to reach USD 31.67 billion in 2024 and grow at a CAGR of 4.87% to reach USD 40.18 billion by 2029. Read More

What is the current Global Textile Machinery Market size?

In 2024, the Global Textile Machinery Market size is expected to reach USD 31.67 billion. Read More

Who are the key players in Global Textile Machinery Market?

OC Oerlikon, Trützschler Group, Savio Macchine Tessili S.p.A, Lakshmi Machine Works and Rieter Holding AG are the major companies operating in the Global Textile Machinery Market. Read More

Which is the fastest growing region in Global Textile Machinery Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Global Textile Machinery Market?

In 2024, the Asia-Pacific accounts for the largest market share in Global Textile Machinery Market. Read More

What years does this Global Textile Machinery Market cover, and what was the market size in 2023?

In 2023, the Global Textile Machinery Market size was estimated at USD 30.20 billion. The report covers the Global Textile Machinery Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Textile Machinery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Textile Machinery Market - Size, Share & Industry Analysis

Textile Machinery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Textile Machinery Manufacturers and the Market is segmented by raw material (cotton, wool, nylon, polyester, acrylic, silk, and others), machine type (spinning machines, weaving machines, knitting machines, texturing machines, and others), distribution channel (direct and indirect), application (garments and apparel, household and home textiles, and technical textiles (medical, protective, sports, etc.), and geography (North America, Asia-Pacific, Europe, the Middle East and Africa, and South America). The market provides the value (in USD million) for the above-mentioned segments.

Textile Machinery Industry Overview

The companies in the global textile machinery industry don't have a lot of market share because the market is very competitive and divided.There are a lot of mergers and acquisitions going on right now because companies want to grow their geographic reach and their own knowledge. For example, in October 2021, Kornit, a company that was an early leader in digital printing machines, bought Voxel8, a company that made new textile additive manufacturing technology. The technique developed by Voxel8 enables the digital manufacture of functional features with zonal control of material characteristics as well as the use of high-performance elastomers adhering to inkjet technology.

Some of the leading players in the textile machinery market around the world are OC Oerlikon, Trützschler Group Benninger AG (Jakob Müller AG), Savio Macchine Tessili S.p.A., Camozzi Group SpA., Itema SpA., and Lakshmi Machine Works Limited, among others.