Covering Machine Market Scope
Over the past few years, the affluent industrial growth of the textile industry has led to increased automation in the respective industry. In addition to this, increasing global textile demand will generate lucrative demand for covering machines across the globe. These machines can be used for covering a variety of yarns such as cotton, nylon, silk, rubber and many others. Recently, the number of covering machine manufacturers have started providing customized machines according to the customer requirements which will further escalate the demand for covering machines across the globe. These machines enable textile manufacturers to bundle the yarn evenly and simplifies packaging and distribution.
The market study is being classified by Type (Single Wire, Double Wire, Three Wire and Other), by Application (Clothes, Blanket and Other) and major geographies with country level break-up.
The global covering machine market is fragmented with the presence of seldom players to the market. The market competition to slightly oligopolistic with the presence of some of the major manufacturers such as AMF Reece CR, Automatex, Barudan, and Magetron. Although the domination of local players will further fragment the competition. Research Analyst at AMA predicts that Indian & European Manufacturers will contribute to the maximum growth of Global Covering Machine market throughout the predicted period.
AMF Reece CR, s.r.o. (Czech Republic), Automatex Inc. (Canada), Barudan Co., Ltd. (Japan), Magetron srl (Italy), Carl Schmale GmbH & Co. (Germany), Sagar Industries (India), Taicang Yurui Machinery Co., Ltd. (China), Rima Machines Pvt Ltd (J C Group) (India), P. R. Texpro Engineering (India) and Ashapura Engineering (India) are some of the key players profiled in the study.
AdvanceMarketAnalytics has segmented the market of Global Covering Machine market by Type, Application and Region.
On the basis of geography, the market of Covering Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia-Pacific region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Direct Marketing Channel will boost the Covering Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Yarn Type, the sub-segment i.e. Cotton will boost the Covering Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Adoption of Customized Covering Machines with Specified Configurations
- Introduction to Various Controls in Covering Machines
- Upsurging Industrialization across the Globe Leading to Rising Adoption of Covering Machines
- Increased Automation in Textile Industry
- Escalating Growth of Textile Industry from Emerging Economies
- Increasing Demand for Uniformly Dense and easily Unwinding of Packages
- Higher Initial Investments in Purchasing Covering Machines
- Robust Distribution Overheads might Stagnate the Demand
- Increasing Raw Material Cost in Manufacturing Covering Machines
- Significant Post Purchase Maintenance Cost
Key Target AudienceCovering Machine Manufacturers and Covering Machine Distributors and Traders
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