Leading global technology research and advisory company Technavio’s latest report on the global textile machinery market provides an analysis on the most important trends expected to impact the market outlook from 2016 - 2020. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
According to Technavio heavy industry research analysts, the top three emerging trends driving the global textile machinery market are: Automation in textile machinery, growing popularity of spinning machinery in India and overseas demand for Spanish machinery.
According to the report, automation plays a crucial role in improving the quality and cost-competitiveness of textiles. Automated textile machinery accelerates textile production and increases the flow rate of fabric, enabling lean manufacturing.
Technavio expects spinning capacity in India to develop, as the country has high cotton export demand. More than 10 -15 per cent capacity will likely be added in the next year. This creates a positive scenario for the domestic spinning machinery manufacturing industry.
The report says that the Spanish textile machinery manufacturers are gradually making a mark in the global market as they develop the latest technologies in areas such as braiding, technical fabric, spinning, finishing, dyeing, and printing. These manufacturers also manufacture customized machines and are also exporting over 80 per cent of their production.