Market Development : Automation Market in Textile industry Globally Grow at a CAGR of 6.06% by 2021
The global automation market in textile industry is growing, and there are many textile manufacturing facilities in countries like India, China, and Bangladesh, which are expected to upgrade their facilities.
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Due to the increasing awareness among textile producers about the benefits of automation, there is a growing preference of automation implementation in production facilities. Vendors like SoftWear are offering robots that are specifically designed for the textile industry, and these developments will have a positive impact on the global automation market in textile industry. Automation can be included in all the functions in a textile manufacturing unit.
Technavios analysts forecast the global automation market in textile industry to grow at a CAGR of 6.06% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automation market in textile industry for 2017-2021. To calculate the market size, the report considers the new installations, shipments, sales and retrofit, and replacements.
The market is divided into the following segments based on geography:
Asia
Europe
ROW
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Technavio's report, Global Automation Market in Textile industry 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The 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.
Key vendors
ABB
Festo
Rockwell Automation
Schneider Electric
Siemens
Other prominent vendors
Beckhoff
Bosch Rexroth
Brainchild
Danfoss
General Electric
Honeywell International
Lenze
Parker Hannifin
Rotork
Yokogawa Electric
Market driver
Technological developments in automation market in textile industry
For a full, detailed list, view our report
Market challenge
High investment cost
For a full, detailed list, view our report
Market trend
Robotic automation in textile industry
For a full, detailed list, view our report
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Key questions answered in this report
What will the market size be in 2021 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?
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