PUBLISHER: TechNavio | PRODUCT CODE: 1398113
PUBLISHER: TechNavio | PRODUCT CODE: 1398113
The automation market in textile industry is forecasted to grow by USD 775.92 mn during 2023-2028, accelerating at a CAGR of 3.75% during the forecast period. The report on the automation market in textile industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
Market Scope | |
---|---|
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 2.96% |
CAGR | 3.75% |
Incremental Value | $775.92mn |
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by upgrading industrial facilities to improve energy efficiency, favorable government policies, and technological developments in the automation market for textile industry.
Technavio's automation market in textile industry is segmented as below:
By Component
By Solution
By Geographical Landscape
This study identifies the use of ERP solutions in textile manufacturing plants as one of the prime reasons driving the automation market in the textile industry growth during the next few years. Also, the use of analytics in textile manufacturing and robotic automation in the textile industry will lead to sizable demand in the market.
The report on the automation market in the textile industry covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automation market in textile industry vendors that include ABB Ltd., ATE Pvt. Ltd., Baumuller Nurnberg GmbH, BrainChild Electronic Co. Ltd., CLD Automation, Cotmac Electronics Pvt. Ltd., Delta Electronics Inc., Festo SE and Co. KG, Hitachi Ltd., Honeywell International Inc., KUKA AG, Lenze SE, Niagara Automations, Parker Hannifin Corp., Rockwell Automation Inc., SAURER AG, Schneider Electric SE, SIEGER SPINTECH EQUIPMENTS Pvt. Ltd., Siemens AG, and Yaskawa Electric Corp.. Also, the automation market in textile industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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