Enjoy complimentary customisation on priority with our Enterprise License!
The spinning machinery market size is forecast to increase by USD 2.24 billion, at a CAGR of 6.56% between 2023 and 2028. The growth rate of the market is influenced by several critical factors. One key driver is the increasing adoption of sustainable manufacturing practices within the textile industry. As environmental concerns gain prominence, manufacturers are integrating eco-friendly processes and materials, which boosts the demand for advanced spinning machinery, including industrial sewing machines, designed for sustainability. Favorable government policies supporting the textile industry also play a significant role in market expansion. Incentives, subsidies, and supportive regulations encourage investments in modern spinning technologies, further propelling market growth. Additionally, the rising demand for non-woven fabrics, driven by their versatile applications in industries such as healthcare, automotive, and consumer goods, is fueling the need for efficient and innovative spinning machinery. These factors collectively underscore the dynamic and evolving nature of the market, highlighting its critical role in advancing the textile industry's capabilities and sustainability.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.