Spinning Machinery Market Size was valued at USD 5.1 Billion in 2022. The Spinning Machinery market industry is projected to grow from USD 5.35 Billion in 2023 to USD 7.91 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.00% during the forecast period (2024 - 2032). The growing fashion industry worldwide and the launching new products in various regions are the key market drivers enhancing market growth.
The rising demand for eco-friendly spinning machinery drives the market CAGR. As the textile industry is a major contributor to environmental pollution, there is a growing demand for eco-friendly spinning machinery. The spinning machinery manufacturers focus on developing machines that absorb less energy and emit fewer greenhouse gases. Moreover, some manufacturers are also using biodegradable materials to produce spinning machines. The textile industry is one of the essential contributors to environmental pollution; there is a growing demand for eco-friendly spinning machinery. The spinning machinery manufacturers focus on developing machines that absorb less energy and emit fewer greenhouse gases. Moreover, some manufacturers are also using biodegradable materials in the production of spinning machines.
Additionally, With the growing need for real-time monitoring and control of spinning machines, spinning machinery manufacturers are developing smart spinning machines equipped with sensors, software, and connectivity options. These machines can collect and analyze data in real time, which helps in improving the efficiency and productivity of spinning machines. Moreover, smart spinning machines can detect potential problems and issues in production and alert the operators before any major damage occurs. It helps in minimizing the downtime of spinning machines and reduces maintenance costs. Furthermore, some spinning machinery manufacturers also offer cloud-based software solutions that allow operators to monitor and control spinning machines remotely.
With the increasing demand for high-quality textile products, spinning machinery manufacturers are continuously focusing on improving the performance of their machines. One of the major trends in spinning machinery is the adoption of new and advanced technologies, such as automation, robotics, and artificial intelligence. These technologies help improve the efficiency and productivity of spinning machines while reducing labor costs. For instance, several spinning machinery manufacturers have developed robotic spinning machines that can operate 24/7 without human intervention. These machines are equipped with sensors and software that monitor the production process and make necessary adjustments in real-time to maintain the quality and consistency of the yarn. Moreover, some spinning machinery manufacturers are also using AI-powered algorithms to optimize the production process and reduce the energy consumption of spinning machines.
For instance, the spinning machinery market is rapidly growing due to the rising demand for textiles and apparel products. The spinning machinery manufacturers continuously focus on developing advanced, efficient, eco-friendly, and smart spinning machines. These trends are expected to shape the spinning machinery market in the coming years and provide new opportunities for manufacturers to grow their business, driving the Spinning Machinery market revenue.
The Spinning Machinery Market segmentation, based on type, includes ring and rotor spinning. The ring segment dominated the market due to its versatility and ability to produce high-quality yarns.
The Spinning Machinery Market segmentation, based on material, includes natural, synthetic, and others. The natural category generated the most income. Natural fibers include cotton, wool, silk, and flax, while synthetic fibers comprise polyester, nylon, acrylic, and viscose. Cotton is one of the most commonly spun fibers due to its availability and desirable properties.
The Spinning Machinery Market segmentation, based on the end-use industry, includes clothing, textile, and others. The textile segment dominated the market as it is the largest consumer of spinning machinery, and it requires a constant supply of yarns for fabric production.
Figure 1: Spinning Machinery Market by End-Use Industry, 2023 & 2032 (USD Billion)
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Spinning Machinery market area will dominate this market due to the increasing demand for technical textiles and the growth of the apparel industry. The US is the largest market for spinning machinery in North America, and the growth of the textile industry in the country is projected to drive the market for spinning machinery.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: SPINNING MACHINERY MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's Spinning Machinery market accounts for the second-largest market share due to more demand for apparel and clothing and the growth of the textile industry. Further, the German Spinning Machinery market held the largest market share, and the UK Spinning Machinery market was the significant-growing market in the European region.
The Asia-Pacific Spinning Machinery Market is expected to grow at the fastest CAGR from 2023 to 2032. It is due to the growing population, urbanization, and the rise of the textile industry. Moreover, China’s Spinning Machinery market held the largest market share, and the Indian Spinning Machinery market was the rapid-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Spinning Machinery market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Spinning Machinery industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global Spinning Machinery industry to benefit clients and increase the market sector. The Spinning Machinery industry has offered some of the most significant medical advantages in recent years. Major players in the Spinning Machinery market, including Rieter (Switzerland), Saurer AG (Switzerland), Lakshmi Machine Works Limited (India), Murata Machinery USA Inc. (US), Trützschler (Switzerland), Kirloskar Toyota Textile Machinery Pvt. Ltd (India), T.E. Private Limited (India), Item S.P.A. (Italy), Marzoli Spinning Solutions(Italy), Savio Macchine Tessili S.P.A.(Italy), and others are attempting to raise market demand by investing in research and development operations.
Sharabati Denim, founded in 1978, and located in Egypt, is a major integrated and eco-friendly denim and flat fabric manufacturer. It includes the processes of spinning, weaving, dyeing, finishing, and recycling of denim. In April 2022, Sharabati Denim was one of the leading manufacturers of eco-friendly denim in Egypt, Syria, and Turkey. In 2018, the company propounded the state-of-the-art recycling initiative "Tadweer," which uses recycled material and sustainable production processes to close the loop. Trützschler Card Clothing (TCC) has joined this innovative concept with its experts and equipment.
Rieter Holding AG, founded in 1795, and located in Winterthur, Switzerland, produces textile machinery. It is a part of the Rieter Component division. In August 2021, Saurer Intelligent Technology Co. Ltd (listed in Shanghai, China) and Rieter Holding AG (Winterthur, Switzerland) signed a contract with Rieter to takeover the Accotex and Temco businesses from Saurer Technologies GmbH & Co. KG and the Autoconer machine business from Saurer Spinning Solutions GmbH & Co. KG. with a mutual purchase price.
January 2022 The Italian company Morgan Tecnica (of the ATE Group) created the single-ply cutting technology to satisfy such needs. Multiple cutting heads on the PLY1 can cut soft and hard textile materials. PLY1 can quickly and accurately handle various fabrics, including carpet fabric and even unusual materials with various compositions and dimensions, up to a thickness of 60 mm.
April 2021 The 40,000-square-foot expansion for the Giant Magellan Telescope structure was started by Ingersoll Machine Tools. As part of the development, an Ingersoll MasterMillTM will be installed in the new structure, creating one of the biggest milling centers in the country and meeting the manufacturing requirements of the U.S. Defense Department.
In addition, the textile ministry is working to establish more textile parks in nations like India and China, where raw materials are plentiful, and labor is cheap.
Ring
Rotor Spinning
Natural
Synthetic
Others
Clothing
Textile
Others
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 5.1 Billion |
| Market Size 2023 | USD 5.35 Billion |
| Market Size 2032 | USD 7.91 Billion |
| Compound Annual Growth Rate (CAGR) | 5.00% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2023 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Material, End-Use Industry, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Rieter (Switzerland), Saurer AG (Switzerland), Lakshmi Machine Works Limited (India), Murata Machinery USA Inc. (US), Trützschler (Switzerland), Kirloskar Toyota Textile Machinery Pvt. Ltd (India), T.E. Private Limited (India), Item S.P.A. (Italy), Marzoli Spinning Solutions(Italy), Savio Macchine Tessili S.P.A.(Italy). |
| Key Market Opportunities | New product launches and research & development among companies. |
| Key Market Dynamics | Increase in production of textiles. |
Spinning Machinery Market Highlights:
Frequently Asked Questions (FAQ) :
The global market is projected to grow at a CAGR of 5.00% during the forecast period, 2024-2032.
The Spinning Machinery Market size was valued at USD 5.1 Billion in 2022.
North America had the largest share of the global market
The key players in the market are Rieter (Switzerland), Lakshmi Machine Works Limited (India), Murata Machinery USA Inc. (US), and Kirloskar Toyota Textile Machinery Pvt. Ltd (India), T.E. Private Limited (India), Marzoli Spinning Solutions(Italy), Savio Macchine Tessili S.P.A.(Italy).
The ring category dominated the market in 2022.
Assistant Manager - Research High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. by implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in packaging, construction, and equipment domains. she handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
