Textile machinery market growth

According to a report published by IndustryARC, the global textile machinery market is estimated to reach $7.17 billion by 2025, growing at a CAGR of 7.99 percent. Increasing population and disposable incomes as well as technological innovations in processes account for the growth. Asia-Pacific was the leading market for textile machinery globally in 2018. The textile industry in India and China has witnessed a spurt in investment. International trade in the textile industry is experiencing dynamic global growth.