From GlobeNewswire: 2025-02-26 10:00:00

The textile machinery market was valued at USD 29.12 billion in 2023, projected to reach USD 46.24 billion by 2032 with a 5.27% CAGR. Advanced technologies like AI and automation drive growth, aligning with global sustainability goals. Manufacturers invest in innovation to enhance efficiency and meet consumer demands for sustainable textiles.

Key players in the market include A.T.E. Private Limited, Murata Machinery, Rieter, and more. The industry is evolving with advanced technologies like AI and automation, moving towards sustainability. Manufacturers focus on improving productivity and meeting global sustainability targets to drive market growth and attract investments.

Finishing machines dominate the market, accounting for over 38% of the share in 2023. Garments and apparel lead with a share exceeding 42%, benefiting from increasing demand for fashion and sportswear. Asia-Pacific holds the largest market share, driven by strong textile manufacturing bases in countries like China and India.

North America’s textile machinery market is rapidly expanding due to technological advancements and a focus on sustainability. Adoption of automation, AI, and robotics leads to increased efficiency and government support further drives growth. Recent developments include collaborations between industry leaders to revolutionize textile manufacturing. The Textile Machinery Market is segmented by application in a new research report, offering insights into industry trends and growth projections. Regional analysis and company profiles are included, along with use cases and best practices. To access the full report, visit the link provided for buying options and customization information.

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Read more at GlobeNewswire: Textile Machinery Market Poised for Growth, Reaching USD