Pune, India, July 04, 2022 (GLOBE NEWSWIRE) — The global textile machinery market size is expected to grow considerably in the upcoming years. Strong demand from the clothing industry and rising investments in cotton ginning are expected to propel market progress. Fortune Business Insights™ provides this information in its report titled “Textile Machinery Market, 2022-2029.”
COVID-19 Impact:
Manufacturing Restrictions to Impede Market Growth
This market is expected to be negatively affected during the COVID-19 pandemic because of the restrictions on manufacturing. The alarming spike in COVID patients led to the imposition of stringent lockdown norms. This factor created supply chain disruptions. Furthermore, restrictions on transport led to a raw material shortage. However, manufacturers adopt reduced capacities, part-time shifts, and automated production techniques to balance their costs. This factor may propel the market during the pandemic.
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Segmentation
By type, the market is segmented into spinning machines, weaving machines, knitting machines, and texturing machines. As per the industry, it is bifurcated into the textile industry and clothing industry. Geographically, it is clubbed into North America,…
