According to Cognitive Market Research, The Global Textile Machine market size is USD 29.1 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.60% from 2023 to 2030.
The demand for textile machines is rising as key market participants are supporting R&D activities to develop innovative textile machinery.
Demand for spinning machines remains higher in the textile machine market.
The direct sales category held the highest textile machine market revenue share in 2023.
Asia Pacific will continue to lead, whereas the North American textile machine market will experience the strongest growth until 2030.
