Amid the COVID-19 crisis and the looming economic recession, the Textile Machinery market worldwide will grow by a projected 7.5 Million Units, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 7.2%. Spinning Machines, one of the segments analyzed and sized in this study, is forecast to grow at over 7% and reach a market size of 17.4 Million Units by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Spinning Machines market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 5.8% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over 225.2 Thousand Units to the region's size over the next 7 to 8 years. In addition, over 219.2 Thousand Units worth of projected demand in the region will come from Rest of European markets. 

In Japan, the Spinning Machines segment will reach a market size of 879.6 Thousand Units by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Textile Machinery market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 11.7% over the next couple of years and add approximately 1.9 Million Units in terms of addressable market opportunity.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.

Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Textile Machinery market landscape.

Competitors identified in this market include, among others,

• A.T.E. Enterprises Private Limited
  

• Batliboi Ltd.
  

• Lakshmi Machine Works Ltd.
  

• Murata Machinery Ltd.
  

• OC Oerlikon Corporation AG, Pfaffikon
  

• Rieter AG
  

• Toyota Industries Corporation
  

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Fast Growing Non-Woven Fabrics Demand to Drive the Global Market for Textile Machinery
  

• Recent Market Activity
  

• World Textile Machinery Shipments
  

• Spinning Machinery
  

• Draw Texturing Machinery
  

• Knitting Machinery
  

• Other Textile Machinery
  

• An Insight into the Global Market for Spinning Machinery
  

• Market for Circular Knitting Machines
  

• Asian Countries Continue to Turbo Charge Future Market Growth
  

• China - The Frontrunner in the Textile Machinery Market
  

• Global Competitor Market Shares
  

• Textile Machinery Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
  

• Impact of Covid-19 and a Looming Global Recession
  

2. FOCUS ON SELECT PLAYERS