Textile Machinery Market - Forecast(2021 - 2026)
Textile Machinery Market Overview The Global Textile Machinery market size is forecast to reach $33.2 billion by 2026, growing at a CAGR of 6.3% from 2021 to 2026. The growth of Textile Machinery market is attributed to the factors such as growing automation process, various government policies and regulations, rising textile industry and others. Moreover, technological advancements such as nano-technology inventions, digital printing technology , biotechnology, ultrasonic wet processing technology and plasma technology boosts the market growth. New machinery for various operations such as printing, dyeing, bleaching, and mercerizing have been introduced. Textile producers are investing in the purchase of textile machinery due to the latest textile finishing technology, which is utilized to increase fabric quality. Nanotechnology in clothing saves energy and resources while producing more scientific clothes with features like water repellency, fire resistance, and sel...