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Textile machinery market growth

July 9th, 2019 / By: / Industry News

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.

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