Abstract
The global economic recession, especially in the West, has had a deep impact
on the global textile machinery. Having witnessed a favorable investment
climate in the first half of 2007, particularly, the textile machinery
industry is growing at a relatively slow pace.
The decline in the global textile machinery industry is evident from both the
import and export perspectives. While China, the largest importer of textile
machineries worldwide, noted a fall of 14% in import during January to October
2008 against the same period in 2007, Germany, the world' s largest exporter,
faced a notable slump in demand. The overall exports of textile machineries
from Germany declined by 12% in the first seven months of 2008 compared to the
same period in the previous year of 2007.
Recession in the textile industry has been recognized as the key factor
affecting the demand of textile machineries, which further led to cautious
investment in machineries by the investors.
According to the market experts, the global textile machinery industry will
not recover in 2009 due to the uncertain financial markets and dependence of
the textile industry on state subsidies in many countries.
However, some factors will continue to sustain the growth if not drive the
demand for textile machineries in the world. The blooming Asian textile
industry is primary factor stimulating the business of western machinery
manufacturers and local competitors. Secondly, a notable rise in the demand
for nonwoven - based disposable products such as filters and tissues - is
also projected to add to the market growth. In emerging economies like China
and India, nonwovens hold immense business opportunities because of the
growing prosperity in these regions.
The report offers an analysis of the global textile machinery market with a
focus on spinning machineries (short-staple and long-staple spindles and
open-end rotors). The market has been evaluated on the basis of shipments of
textile machineries globally and the size and growth of various machinery
applications. It also analyzes market opportunities in the Asian region
(specifically China, India and Turkey) for the textile machine manufacturers.
The competitive landscape of the textile machinery industry has been assessed
in the report with spotlight on leading players like Rieter, Oerlikon, Lakshmi
Machine Works and Jingwei Textile Machinery. Further, the future of the
textile machinery industry has been critically discussed in the report.
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