Market Research and Development Trend Forecast of Textile Machinery Industry from 2024 to 2030

Textile machinery industry growth rate

1. Development history of textile machinery industry

Textile machinery is the basis for the development of the textile industry. It was first developed in developed industrial areas in Europe. At that time, high-end textile machinery companies were mainly concentrated in developed countries such as Germany, Switzerland, Italy, and Belgium. However, in recent years, China's textile machinery enterprises have developed rapidly, while introducing and absorbing the development experience of developed countries, relying on independent research and development, the combination of production, teaching and research and other ways to carry out localization improvement, technological innovation ability and product research and development ability have been greatly improved. At present, domestic textile machinery presents the characteristics of complete product categories, complete varieties, convenient supporting facilities and excellent performance. Most of the newly developed equipment has reached the international advanced level, and some have reached the international leading level, realizing industrial application. China has become one of the major producers of textile machinery in the world.

2. Overview of textile machinery industry

The textile industry, including textile industry, clothing industry, chemical fiber manufacturing industry and textile machinery manufacturing industry, plays an important role in the national economy and international trade. It is the pillar industry of national economic and social development, the basic industry to solve people's livelihood and beautify life, and the advantageous industry of international cooperation and integration development. In 2020, that is, at the end of the 13th Five-Year Plan, my country's total textile fiber processing volume reached 58 million tons, accounting for more than 50% of the world's total fiber processing volume; the operating income of textile enterprises above designated size was about 4.52 trillion yuan, and the total profit was 206.5 billion yuan; textile and clothing exports The value reached 299 billion billion U.S. dollars, accounting for more than 1/3 of the global total, ranking first in the world.

Textile machinery is the foundation of China's textile industry and an important support for the entire textile industry chain. China's textile machinery has a wide range of categories and varieties, with both discrete and process-based manufacturing characteristics. The industrial chain is complete, including more than 600 types of products such as production mainframe, textile instruments and supporting devices, special basic parts and software. The textiles produced are mainly used in clothing, household textiles and industrial textiles, especially as an industrial fabric is also widely used in national defense, aerospace, rail transit, automotive industry and civil construction and many other fields.

Textile machinery has a high degree of specialization and division of labor. According to its application in the textile industry chain, it is divided into multiple subdivisions. Textile machinery for chemical fiber processing includes chemical fiber machinery, non-textile machinery, etc., and textile machinery for natural fiber processing includes spinning machinery, knitting machinery, weaving machinery, etc.

After my country's economy has entered a new normal of development, the textile industry has gradually changed from a labor-intensive industry to a technology-intensive and creative-intensive industry with the characteristics of a high-tech industry. It is expected that in the future, efficient, energy-saving, environmentally friendly, and intelligent equipment will become Textile machinery industry trends.

3. Growth rate of textile machinery industry

The textile industry has a long process and many processes, and the textile machinery industry as a whole is scattered, but the degree of specialization is high.

In 020, textile machinery enterprises above the scale realized operating income of 73.073 billion yuan, a decrease of 10.83 compared with the same period in 2019.

In 2021, thanks to the continuous release of macro policy effects, the national economy recovered steadily, the prosperity of the textile industry rebounded, and the operating income of textile machinery enterprises above scale reached 94.897 billion billion yuan, an increase of 27.28 percent over the same period last year.

2022, the textile machinery industry showed a trend of stabilization. Textile machinery enterprises above designated size achieved operating income of 81.952 billion billion yuan, a year-on-year increase of -13.64.

According to the data of the National Bureau of Statistics, from January to November 2023, the operating income of textile machinery enterprises above scale in China decreased by 1.01 compared with the same period last year. According to the guiding opinions on the Development of Textile Machinery Industry in the 14th five-year Plan issued by the China Textile Machinery Association, the end of the 14th five-year Plan was basically realized: the domestic market share of domestic textile equipment was stable at about 80%. Domestic textile equipment exports accounted for more than 20% of the world.