Spinning Machinery Market 2021 Analysis and Forecast Report
ReportsnReports.com adds new research report Global Spinning Machinery Market 2017-2021. This report covers the present scenario and the growth prospects of the global spinning machinery market for 2017-2021. To calculate the market size, the report considers the unit shipments of different types of machinery globally.
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The following companies are the key players in the global spinning machinery market: Rieter, Saurer, Murata Machinery, LAKSHMI MACHINE WORKS, and Trützschler. Other prominent vendors in the market are: A.T.E., Itema, Kirloskar Toyota Textile Machinery, Marzoli Spinning Solutions, and Savio Macchine Tessili.
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.
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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 a SWOT analysis of the key vendors.
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.
Global Spinning Machinery Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This 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.
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.
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Further, the report states that one of the major factors hindering the growth of this market is range anxiety and issues with replacement schedules. An HPEV’s battery range is one of the key challenges faced by end-users, and most consumers with these vehicles do not prefer to venture out far from a locality with a charging station. This is one of the primary disadvantages of HPEVs, and OEMs, battery manufacturers, and charging infrastructure providers are working toward expanding these vehicles’ driving range.
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