DUBLIN, June 23, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Spinning Machinery Market 2017-2021" report to their offering.
The global spinning machinery market to grow at a CAGR of 5.9% during the period 2017-2021.
Global Spinning Machinery Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
The latest trend gaining momentum in the market is economic slowdown in China. The financial crisis in China is likely to impact globally, leading to a slowdown in the textile machinery industry. The country imports capital and intermediate goods or raw materials from its neighboring countries and exports finished goods to final destinations with respect to demand.
According to the report, one of the major drivers for this market is rising domestic demand in APAC. APAC constitutes the highest market share in the global spinning machinery market. The installed capacities of spinning machinery in countries like China, India, Pakistan, Indonesia, Bangladesh, and Vietnam constitute about 93% of the total installed capacity for spinning machinery for 2015. China and India accounted for the largest installed capacities in 2015 with 56% and 24.7%, respectively.
Further, the report states that one of the major factors hindering the growth of this market is cheap import from China affecting textile market. In 2015, the devaluation of China's Renminbi had a huge impact on another country's textile sector. China is the biggest competitor for the Indian textile sector. Since the devaluation, the Chinese textile sector could sell high-quality textiles at low rates to the Indian market. In terms of pricing, China has an added advantage due to devaluation, which has led to reduced demand for domestic textile products in India. This affected the domestic production of textile manufacturers and led to decline in profits.
- Murata Machinery
- LAKSHMI MACHINE WORKS
Other prominent vendors
- Kirloskar Toyota Textile Machinery
- Marzoli Spinning Solutions
- Savio Macchine Tessili
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Market challenges
Part 10: Impact of drivers and challenges
Part 11: Market trends
Part 12: Vendor landscape
Part 13: Key vendor analysis
Part 14: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/vdsns3/global_spinning
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets