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Textile Machinery Suppliers To Take A Cautious Approach This Year

Textile industry is regarded as a pioneer in the history of Indian industrialization. As the textile industry grew, it further fuelled the growth of textile machinery industry. Govt. of India went slow on liberalization specially for the textile sector, primarily for protecting the interest of farmers which adversely impacted the textile machinery suppliers. However, much to their reprieve this sector was soon made open to FDI after market compulsions.

Not so long ago, the whole process of manufacturing textiles was done manually or with the aid of simple tools. It was only after the industrial revolution that different industrial equipments for textile manufacturing came into being. A few of the early inventions like flying shuttle, roller spinning tool, spinning jenny and power loom changed the textile industry forever. textile testing machines 

Recent research suggests that – ” Demand for textile machinery is indirectly dependent on the demand in other sectors including housing and automobiles. As textile machinery is used for manufacturing home furnishing items, upholstery and so on, changing fashion trends affect demand for textile equipments drastically.”

Textile machines can be classified into two main segments viz – textile processing machines and textile working machines.

Textile processing machines include the one used for crochet, lace making, quilting, textile winding, tufting machines, zipper making machines etc. whereas textile working machines includes attaching machines, measuring machines, embroidery machines, monogramming machines, textile bleaching machines etc.

Post 2007, recession impacted each and every sector, this sector too had its share of cancelled orders and shortage in demand. Industry experts reveal that – 2009 proved to be the worst ever year for the industry, with most of the top players recording steep market erosion of 20%-25%. However, post 2010 things have begun to turnaround a bit.

Region wise, Europe has been the market leader so far, Italy in particular. Experts believe that the growth of Asian countries would provide the much-needed push to the western textile machinery industry. India and China are the next growth engines of this industry and will be the key drivers of the world economy in the next decade.

 

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