Lewes, DE -- (SBWIRE) -- 10/07/2015 -- Report forecast the global textile machinery market to grow at a CAGR of 13.35% over the period 2014-2019.

The textile and apparel industry plays a significant role in determining the strength of an economy. The value chain of this industry includes primary activities, such as designing, procurement, production, logistics, marketing, and aftersales services. Textile machinery refers to a wide range of equipment used in different stages of manufacturing.

Various equipment used in the manufacture of textile are: spinning, weaving, texturing, knitting, and finishing. Textile machinery plays a vital role in carrying out design, production, and packaging operations in the value chain.

The report includes the present scenario and growth prospects of the global textile machinery market for the period 2015-2019. The market can be segmented into five: spinning, weaving, texturing, knitting, and finishing.

Global Textile Machinery Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market in Asia and Europe; it also covers the landscape of the global textile machinery market and its growth prospects in the coming years. The report includes a discussion on the key vendors operating in this market.

According to the report, with the rise in the number of vehicles manufactured, demand for fabric required for designing the interiors of vehicles is also likely to increase. The automotive industry manufactured 89.75 million vehicles in 2014 and this number is expected to reach 118.15 million in 2019, thereby boosting the growth of the textile machinery market in the process.

Key regions
- Asia
- Europe

Key players in the Global Textile Machinery Market: Itema Holding, Lakshmi Machine Works, Murata Machinery and Truetzschler

Other Prominent Vendors in the market are: Batliboi, Benninge, Intertrad Group, Kirloskar Toyoda Textile Machinery, Lonati, Mayer & Cie, Navis Global, Rieter, Santoni and Savio Macchine Tessili

Market driver
- Rising demand from automobile industry
- For a full, detailed list, view our report

Market challenge
- Lack of skilled labor
- For a full, detailed list, view our report

Market trend
- Increased use of nanotechnology in textile production
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 49 pages "Global Textile Machinery Market 2015-2019" report covers Executive Summary, Scope of the Report, Market Research Methodology, Introduction, Market landscape, Market segmentation by product, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-textile-machinery-market-2015-2019

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