|JiangSu YuLun Textile Group Co., Ltd.
|Address: No.180,Renminbei Road, Jingjiang City, Jiangsu, China
Global Textile Machinery Market to Grow at a CAGR of 13.35% During 2014 - 2019
Release time:2015-10-10 15:15:13 Views:
Market Research Reports, Inc. has announced the addition of ¡°Global Textile Machinery Market 2015-2019¡± research report to their website www.MarketResearchReports.com
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Lewes, DE -- () -- 10/07/2015 -- Report forecast the global textile machinery market to grow at a CAGR of 13.35% over the period 2014-2019.
The textile and apparel industry plays a significant role in determining the strength of an economy. The value chain of this industry includes primary activities, such as designing, procurement, production, logistics, marketing, and aftersales services. Textile machinery refers to a wide range of equipment used in different stages of manufacturing.
Various equipment used in the manufacture of textile are: spinning, weaving, texturing, knitting, and finishing. Textile machinery plays a vital role in carrying out design, production, and packaging operations in the value chain.
The report includes the present scenario and growth prospects of the global textile machinery market for the period 2015-2019. The market can be segmented into five: spinning, weaving, texturing, knitting, and finishing.
Global Textile Machinery Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market in Asia and Europe; it also covers the landscape of the global textile machinery market and its growth prospects in the coming years. The report includes a discussion on the key vendors operating in this market.
According to the report, with the rise in the number of vehicles manufactured, demand for fabric required for designing the interiors of vehicles is also likely to increase. The automotive industry manufactured 89.75 million vehicles in 2014 and this number is expected to reach 118.15 million in 2019, thereby boosting the growth of the textile machinery market in the process.