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…
The Global Market for Big Data Technologies and Services is Projected to Reach $60 Billion by 2022
GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Big Data market. The global market for Big Data Technologies and Services is projected to reach $60 billion by 2022 , driven by soaring digital data volumes in organizations and the resulting need to turn this data into valuable insights for enhancing operational efficiency, tapping new opportunities and gaining competitive edge. Defined as a natural result of mankind’s obsession with information technology and digitalization, “Big Data” refers to extremely large sets of structured, semi-structured and unstructured data of different types, including text, audio or video, generated from diverse data sources that has the potential to be mined for required information. While data supply associated with big data ecosystem has always been large and voluminous in most organizations, the ability to use these large datasets and convert them into meaningf
Comments
Post a Comment