Global Textile Folding Machine Market is anticipated to reach US$ XX Mn by 2026 from US$ XX Mn in 2020 at a CAGR of XX% during the forecast period.
Global Textile Folding Machine Market Overview
A textile folding machine is primarily used for folding fabrics quickly and efficiently. It is used to fold t-shirts, polo shirts, undershirts, tops, vests, trousers, lady dresses, hoodies, dry fit, sweaters, aprons, banners, blankets, leggings, and towels.
The global textile folding machine market is predicted to expand at a rapid pace during the forecast period, due to increased demand for textile folding machines in different industries such as textiles, retail stores and apparel manufactures.
The report presents information related to key drivers, restraints, and opportunities along with the detailed analysis of the global textile folding machine market.
Global Textile Folding Machine Market Dynamics
According to data of the United Nations (U.N) more than 54% of the global population is living in urban areas, which is generating employment opportunities and improving income level of individuals.
Factors of growing population, urbanization and increased standard of living of consumers around the world are driving the market. The global textiles market has expanded to exhibit high quality fabric. This in turn is aiding the growth of the global textile folding machines market.
The increased application of textile folding machines in textile industry, retail industry, e-commerce companies and other end users is anticipated to drive the market growth of the global textile folding machines market in the forthcoming years.
Change in consumer patterns in terms of market competitions, due to the influence of western culture is anticipated to boost the market in the next few years.
However, high cost of textile folding machines is expected to hinder the market in the near future.
Global Textile Folding Machine Market Segment Analysis
Global Textile Folding Machine Market Segmentation, by Type:
There is very high demand to bring in automation folding machine as well as in the sorting mechanism in the manufacturing industry and also in high maintained mechanically operated laundries. Currently in laundries, mechanism used is only limited to cleaning and ironing of cloths and not on the distribution or sorting of the cloth in INDIA.
Cloth folding mechanism is majorly found in U.S and CHINA. The distribution and sorting of the cloths is a very time consuming effort and prone to error manually, the automation in this field will save time and error free distribution or sorting of cloth can be achieved.
Global Textile Folding Machine Market Segmentation, by End Users:
Under the end-user segment, apparel manufacturers accumulated major share of the textile folding machine market in 2019.
This is primarily due to growth in the fashion industry worldwide and rapid growth of the textile industry, which, in turn, is projected to boost the textile folding machine market in the next few years.
Thus, Increase in use of textile folding machines by apparel manufacturers, hotels, and hospitals is anticipated to boost the textile folding machine market in the near future.
Global Textile Folding Machine Market Regional Analysis
North America dominated the global textile folding machine market in 2019. The U.S. is the key market in North America due to high demand for textile folding machines in the country.
The textile folding machine market in Asia Pacific is projected to expand at a rapid pace. This can be attributed to increase in number of retail stores and hotels in India and China, which is anticipated to impulse the textile folding machine market across the region.
Rise in demand for textile folding machines from the fashion industry, especially in Asia Pacific, is anticipated to drive the market in the region in the near future.
Global Textile Folding Machine Market by region
Global Textile Folding Machine Market table
Global Textile Folding Machine Market, by Region
• North America
• Asia pacific
• Middle East and Africa
• South America
Global Textile Folding Machine Market Key Players
• Dekken Machinery
• D. S. Topiwala Enterprise
• Abhishek Engineering Works
• Suntech Industrial (Industrial) Limited
• B-Tex Textile Machinery
• Yash Textile Machines Pvt. Ltd.
• SRI GAYATHRI ENGINEERING
• Shree Laxmi Group Engineering Company
• D.S Topiwala Enterprise
• Herbert Kannegiesser GmbH
• Automatex Inc.
• Indemac Srl
• Carl Schmale GmbH & Co.
• POLYTEX AG
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