The
textile industry has been shifting from labour intensive manufacturing
processes to automated production facilities. Automation has enabled textile
manufacturing companies to enhance productivity and reduce production costs.
According to a report by Boston Consulting Group (BCG) in 2015, 1.2 million
industrial robots are expected to be deployed by 2025, thus indicating
increased automation and robotics technology adoption.
THE BUSINESS RESEARCH COMPANY EXPECTS THE TEXTILE MANUFACTURING MARKET TO GROW TO NEARLY $2 TRILLION
BY 2021
Asia
Pacific was the largest region in the textile manufacturing market in 2017, accounting for more than half of the market share. This was
mainly due to the presence of many fabrics, apparels manufacturing and home
furnishings facilities in the region.
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According to The
Business Research Company’s Consultant, Nitin Gianchandani, advancements in
wireless technologies and rising demand for connectivity is driving the demand
for smart textiles. Smart textiles are fabrics capable of interacting with
their environment. They can react to physical stimuli such as thermal,
mechanical, electrical and chemical sources. Sensors, actuators and fabrics are
the major components of smart textiles. The materials used in smart textiles
include optical fibres, metals and conductive polymers. They are widely used in
fashion, entertainment, medical, transportation, sports and fitness and
military.
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sample of the report at: https://www.thebusinessresearchcompany.com/sample.aspx?id=65&type=smp
Toray Industries
Inc. was the largest player in the textile manufacturing market in 2017, with revenues
of $8 billion in 2016. Toray’s growth strategy focuses on business expansion of
its growing business fields of fibres, textiles, plastics and chemicals in
emerging countries and regions.
The textiles
manufacturing market comprises establishments that manufacture fibre, yarn,
threads, carpets, rugs, linens and other textile products. This industry also
comprise establishments engaged in processing fibre, yarn and fabric to produce
finished products.
Textile
Manufacturing Global Market Report 2018 is
a detailed report giving a unique insight into this market. The report is
priced at $6000 for an individual user. To use across your office, the price is
$9000 and $12000 if you wish to use across a multinational company.
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