Technology has left no industry untouched with its empowering effect of enhanced performance and efficiency.
Textile industry has in accordance undergone rapid transformation. From manually driven processes to using advanced machinery, textile industry has come a long way. Right from
fiber production to printing, different types of machinery is being used by textile manufacturers to ramp up production while enhancing the quality of the produce.
With the intent of complete automation, players are looking to infuse flexibility and the amalgam has become the much sought after trait in the industry. If we look at the application areas, there are several domains where we are seeing maximum use of machinery.
A report by Global Industry Analysts (GIA) says, “Purchase of new machinery is the key growth driver of the market. Other major growth drivers for global textile machinery market are the increasing demand for textile products, and environmentally friendly fibers, and a growing demand from the developing nations.”
Dynamic in nature
The textile machinery market is very dynamic in nature, making a transition from conventional to state-of-the-art technological advancements. With time, we are seeing an increasing demand for home textiles, furniture upholstery, and automobile textiles. At the same time, changing fashion trends are also driving the growth of the industry. Who could have thought that the textile engineering industry which was born out of the textile industry will achieve such phenomenal improvements as it has today? We are seeing machinery manufacturers produce textile machinery that are equipped with the advantages of higher speed and accuracy, and also deliver a higher production capacity.
Now that the market has evolved to a considerable extent, the space is seeing many new players venturing into the field. Many small scale players are making the machinery sector more competitive than one could have imagined a few years ago. Along with the small players, the large ones are vying for their share in the market and the sector is witnessing many multinational corporations entering the global arena. This has in turn taken the competition to a whole new level, catapulting the productivity and innovation to all time high magnitude.
