NEW YORK, May 31, 2024 /PRNewswire/ — The global automation market size in textile industry is estimated to grow by USD 775.92 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 3.75% during the forecast period.
For more insights on the forecast market size and historic data (2018 – 2022) – Download Free sample report in minutes
|
Forecast period |
2024-2028 |
|
Base Year |
2023 |
|
Historic Data |
2018 – 2022 |
|
Segment Covered |
Component (Field devices, Control devices, and Communication), Solution (Hardware and software and Services), and Geography (APAC, Europe, North America, South America, and Middle East and Africa) |
|
Region Covered |
APAC, Europe, North America, South America, and Middle East and Africa |
|
Key companies profiled |
ABB Ltd., ATE Pvt. Ltd., Baumuller Nurnberg GmbH, BrainChild Electronic Co. Ltd., CLD Automation, Cotmac Electronics Pvt. Ltd., Delta Electronics Inc., Festo SE and Co. KG, Hitachi Ltd., Honeywell International Inc., KUKA AG, Lenze SE, Niagara Automations, Parker Hannifin Corp., Rockwell Automation Inc., SAURER AG, Schneider Electric SE, SIEGER SPINTECH EQUIPMENTS Pvt. Ltd., Siemens AG, and Yaskawa Electric Corp. |
Key Market Trends Fueling Growth
ERP solutions play a crucial role in the textile industry by streamlining processes and enhancing communication between finance, production, procurement, supply, and warehouse departments. These systems help improve overall efficiency, reduce approval times, and coordinate functions for smoother operations. The implementation of ERP solutions is a significant factor driving the growth of the automation market in the textile industry.
The textile industry is witnessing significant automation trends to enhance productivity and efficiency. Finishing processes, such as dyeing and coating, are being automated using technologies like robotics and digital systems. Producers are adopting automation to improve product quality and reduce manual labor. The use of productivity-enhancing tools like CNC machines and spinning machines is increasing.
Additionally, the implementation of IoT and AI technologies is enabling real-time monitoring and predictive maintenance. The market for automation in textiles is growing, with key players including KitTING, Dyeing, and Fabric Coating Robotics. The future of textile production lies in smart, automated factories.
Market Challenges
- The textile industry faces a significant challenge in securing a sufficient workforce with the necessary skills to operate automated textile facilities. Reports indicate that over 63,000 apprenticeship positions went unfilled in Germany alone in 2021. To address this issue, manufacturers must invest in training their existing workforce, which can be time-consuming and costly. Moreover, the competitive nature of the industry complicates employee retention, further hindering the growth of the automation market in textile manufacturing.
- The textile industry faces numerous challenges in implementing automation solutions. These include the complexity of the production process, the need for customization, and the high cost of implementation. The use of technology such as computerized cutting and production systems, as well as automation in finishing processes, can help increase efficiency and reduce errors. However, the integration of these systems can be difficult due to the variety of materials and processes involved.
- Additionally, the initial investment required for automation can be significant. To overcome these challenges, companies must carefully evaluate the benefits of automation and choose solutions that best fit their specific needs. This may involve working with experts in the field to design and implement customized automation systems. Ultimately, the adoption of automation in the textile industry can lead to increased productivity, improved quality, and cost savings.
Research report provides comprehensive data on impact of trend, driver and challenges – Download Free sample report in minutes
Segment Overview
- Component
- 1.1 Field devices
- 1.2 Control devices
- 1.3 Communication
- 2.1 Hardware and software
- 2.2 Services
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and Africa
1.1 Field devices- The textile industry’s automation market is primarily driven by the high revenue generation of field devices. These essential components, including motors, drives, valves, and actuators, have distinct functions. Motors and drives control machinery speed and movements, while valves and actuators manage the dyeing process’s water flow. Due to frequent usage, these components require frequent replacement, leading to increased sales. The textile industry’s continuous upgrading and automation solutions investment further boost demand for field devices, ensuring market growth throughout the forecast period.
For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report
Research Analysis
In the textile industry, automation has revolutionized various stages of textile processing, from blow room line to garment assembly. Automatic curling, autolevellers, and sensors have significantly improved effective carding, ensuring consistent fiber length and uniformity. Robotics and resolution technology have boosted process efficiency in the draw frame stage and finishing line.
Knitting and dyeing processes have been enhanced through automation, ensuring high-quality goods and reducing human error. Ginning and printing processes also benefit from automation, increasing factory production and maintaining consistent product resolution. Overall, automation in textile processing enhances raw material upgrading, leading to superior finished products.
Market Research Overview
The Automation Market in the Textile industry is experiencing significant growth due to the increasing demand for efficient and cost-effective production processes. Automation technologies such as robotics, machine learning, and artificial intelligence are being adopted to streamline manufacturing processes, improve product quality, and enhance operational flexibility.
The implementation of automation solutions in textile processing helps reduce labor costs, minimize human errors, and increase production capacity. Additionally, automation enables real-time monitoring and analysis of production data, allowing for better decision-making and optimizing resource utilization. Overall, automation is transforming the textile industry by improving productivity, reducing costs, and enhancing competitiveness.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Component
- Field Devices
- Control Devices
- Communication
- Solution
- Hardware And Software
- Services
- Geography
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
