Braiding Machine Market Share

APAC Market Forecast

Brading machine market in Asia Pacific region is attributed to hold the largest share of about 34% during the forecast period. The rise in manufacturing activities in China and India has resulted in a growing need for automatic braiders, which is the reason for the increase. Furthermore, it is anticipated that increasing investments from outside firms like Siemens AG and Hyundai Heavy Industries Co., Ltd. will propel the area market even further. The surge is attributed to rising fashion sector spending as well as a population that is expected to continue growing, especially in China. China was the world's largest exporter of textiles in 2021, with a valuation of over USD 118.5 billion. Bangladesh came in second place with an export value of about USD 38.73 billion, behind China. China's exports account for over 52.2% of Asia's entire textile export market.

North American Market Statistics

The braiding machine market in the North America region is projected to hold the second largest market share of about 25% during the projected period. The growth of the market in this region is due to the strong demand from end-use sectors in the United States, including textile and fabric, automotive, construction, aerospace, and defense. During the course of the forecast period, this regional market is anticipated to increase at a CAGR of more than 6%. This is explained by the product's outstanding qualities, including flexibility, moisture absorption, and tensile strength, which have led to an increase in demand from the textile and construction industries.