The Global Market for Big Data Technologies and Services is Projected to Reach $60 Billion by 2022

The global market for Textile Machinery is projected to reach 19.8 million units by 2025, driven by healthy gains in demand for apparel especially functional and performance wear. Other factors shaping growth in the market include innovations in smart clothing, the need for new production technologies and ensuing spurt in the investments in production equipment modernization and upgrades; strong demand for non-woven fabrics and the ensuing need for machines with high speed, cost effective processing of activities like web formation, bonding as well as finishing.  The ever changing world of fashion creates continuous opportunities for specialty machines capable of performing specific tasks such as embossing and mercerizing. While embossing creates specialized effects on fabrics, mercerizing increases the shimmer and strength of cotton fabrics.  A key trend taking center stage in the market is rise of automation supported by the changing competitive dynamics of the textile industry. Few of the factors necessitating automation in production plants and mills include growing quality standards and resulting pressure to manufacture clothing with enhanced quality, precision, accuracy and consistency in fiber diameter, temperature and tension control; growing competition and consumer price sensitivity and resulting need to reduce production costs and increase production efficiencies; shortage of skilled labor; reduced factory lead times and faster time-to-market. Automating repeated tasks such as cotton picking, ginning, spinning, weaving, and processing tends to result in massive productivity gains. Few of the areas where automation is gaining momentum include yarn manufacturing and spinning, fiber manufacturing, weaving and fabric manufacturing and dyeing and printing, and textile finishing.  Read More…