Lucintel Forecasts the Global Weft Feeder Market to Reach $1 Billion by 2030
Lucintel Forecasts the Global Weft Feeder Market to Reach $1 Billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global weft feeder market looks promising with opportunities in the weaving mills, textile manufacturing plants, garment manufacturing, and packaging industry markets. The global weft feeder market is expected to reach an estimated $1 billion by 2030 at a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are growing automation in the textile sector, the need for increased productivity, and the increasing demand for premium textiles.
A more than 150-page report to understand trends, opportunity and forecast in global weft feeder market to 2030 by operation (manual weft feeder and automatic weft feeder), type (mechanical weft feeder and electronic weft feeder), application (weaving mills, textile manufacturing plants, garment manufacturing, packaging industry, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecast that mechanical weft feeder is expected to witness the highest growth over the forecast period because they are less expensive than electronic weft feeder, and this makes them an attractive option for small and medium-sized textile manufacturers.
Through this market, weaving mills will remain the largest segment because weaving mills are used to weave high-quality fabrics, such as denim and terry cloth, as well as, these fabrics require high-precision weft feeders to ensure the quality of the fabric.
Wenzhou Baigong Commodity, Zhejiang Tiansheng Machinery, Zhejiang Sanhe Intelligent, SHARNAM TEX, GOODFORE, Semitronik, LGL, IRO, Mahalaxmi Textile Parts are the major suppliers in the weft feeder market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056