Global Short-Staple Spindles Market 2017-2021

Global outlook of the short-staple spindles market

Technavio’s market research analysts predict the global short-staple spindles market to grow steadily during the forecast period and in terms of unit shipments, will post a CAGR of around 6% by 2021. This short-staple spindles industry research report identifies the growth of the technical textile market to be one of the major factors that will have a positive impact on the growth of this short-staple spinning machine market in the coming years. Due to the factors such as economic growth, increasing incomes, growth of the construction sector, and the increasing expenditure on healthcare, the recent years witnessed an increased demand for technical textiles. Technical textiles are used for technical performances and functional properties and are mainly required by various industrial sectors including construction, healthcare, protective clothing, agriculture, and sports equipment/sportswear. According to the short-staple spindles market outlook, the growth of the automotive industry due to the increased demand for passenger vehicles and commercial fleet will also fuel the demand for technical textile products, which will consequently increase the demand for textile machinery such as short-staple spindles, eventually, increasing the short-staple spindles market size in the next few years.

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