NEW YORK, Jan. 25, 2024 /PRNewswire/ — The Textile Testing Equipment Market is projected for substantial growth, with a Compound Annual Growth Rate (CAGR) of 4.45%, according to a report by Technavio. The market is forecasted to witness an increase of USD 317.4 million between 2023 and 2028, driven by factors such as the rising demand for technical textiles, growth in domestic demand for textiles in APAC, and an increased demand for non-woven fabrics. Unlock a thorough understanding of market dynamics with historical data covering 2018 to 2022 and future projections spanning 2024-2028. Secure your free sample report to access more insights & analysis!
Technavio has announced its latest market research report titled Global Textile Testing Equipment Market 2024-2028
Key Drivers, Trends, and Challenges:
Analyzing data from 2023 as the base year, the report outlines key drivers contributing to market growth, notably the increasing demand for technical textiles. The technical textile testing process, crucial for ensuring performance standards, is identified as a significant driver. However, challenges arise from health hazards associated with dyeing agents in the textile industry, marked by hazardous compounds and potential adverse effects on workers’ health. Companies are adopting various strategies, including strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. Some of the key companies profiled include AMETEK Inc., Bureau Veritas SA, Eurofins Scientific SE, Hohenstein, Intertek Group Plc, Paramount Instruments, QIMA Ltd., Rieter Holding AG, SMARTEX, and more. Get an in-depth analysis on companies by purchasing the report today!
Market Segmentation Overview: The market is set for significant growth in the textile segment, valued at USD 870 million in 2018. APAC is estimated to contribute 60% to the market’s growth by 2028. This report also has segmented the market based on application and end-users. The textile testing equipment market is set for remarkable expansion, driven by factors reshaping the operational landscape across industries. Explore growth analysis by revenue at global, regional, and country levels, uncover market trends, growth opportunities, and conduct a thorough analysis for the forecasted period. Get actionable insights and stay ahead in an ever-evolving market landscape. If you’re ready to explore the dynamics of the textile testing equipment market, our FREE sample report is just a click away.
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Table Of Contents :
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio