Indian Textile Machinery Market represents a key segment of the capital goods industry in India, wherein the industry has witnessed robust growth in the recent past. The government of India’s initiative of setting up textile parks with investments to the tune of 1,000 billion is expected to boost textile machinery demand in the country in coming years.
The textile machinery market in India also benefits from subsidies provided by the government for machinery and infrastructure to support the sector. Under the Revised Restructured Technology Upgradation Fund Scheme (RRTUFS), the government provides subsidies for investments in machinery, such as reimbursement of interest as well as capital subsidies.
The textile machinery market segments are divided into different types of machinery such as spinning & allied machinery, synthetic filament/yarn machinery, weaving & allied machinery, process machinery, textile testing/controlling/measuring instruments, hosiery machinery, and spares & accessories. Within these types of textile machinery, nearly 45% of the market demand is dominated by spinning & allied machinery, followed by spares & accessories.
Spinning & allied machinery consists of blow room machinery, cards, combers, draw frame, ring frame, speed frame, open-end spinning, two for one twisting and auto-cone winding machines and other such machinery and accessories.
Most of the spinning & allied machinery are manufactured in India, as per Textile Manufacturers Association of India, wherein domestic manufacturers meet about 60% of the demand in the country. The machinery that needs to be imported includes open-end spinning, high-tech auto corners, and some other special purpose machinery.
Industry classification based on Types of Machinery
Indian textile machinery market is highly consolidated with few market players involved in the manufacturing of textile machinery, wherein 20% of the total textile machinery demand is met by domestic manufacturers, while a majority of demand is met through imports. Over 250 units are manufacturing textile machinery in India, wherein about 10 to 15 units have an annual turnover of between US$ 1.54 million to US$ 9.24 million. The key players in the market are Lakshmi Machine Works, Sulzer India, Veejay Lakshmi Engineering Works Limited, Lakshmi Automatic Looms, amongst others.
Market Research Approach
Bottom-Up approach was used to analyze the market. Under this approach, market demand, supply, and capacity were forecast by adding state-wise demand, supply and capacity in the country for a product type, product sub-segments, technology and end-user application.
Market Research Methodology
A primary survey was conducted using our proprietary SurveyIntel Pro © Model to analyze consumer buying behavior trends in terms of behavior that consumers display in searching for, purchasing, using, evaluating, and disposing of products and to address what, when, where, how, and from whom to purchase questions.
Primary and Secondary Research was utilized for data collection and triangulation. Data was collected using techniques like interviews, surveys, focus groups, and market observations.
Primary Survey Respondents included:
Market Share, Volume & Value, Price, Profitability trends were analysed using time-series and econometric data analytics techniques using our EcoAnlayticsPro © Model. A detailed Competitor Analysis was conducted using our MarketIntel Pro © artificial intelligence-based model to profile key market players and their reaction patterns. Supply and Value Chain Analysis was conducted using the Structured Rational Decision-Making model which focuses on strategic decision-making in the supply chain.
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Indian Textile Machinery Market 2018-2025: Analytics, Value Chain, Strategy, Investment and Competitor Mapping, By Type of Machinery and Geography
1. Research Methodology
1.1. Primary Research
1.2. Statistical and econometrics Techniques
1.2.1. Time Series Analysis
1.2.2. Regression Analysis
1.2.3. Moving Averages
1.3. Qualitative Techniques
1.4 Secondary Research
1.5. Scenario Analysis
1.6. Data Sources
2. Executive Summary
2.2. Historical trends
2.3. Current Trends
2.4. Future outlook
3. Product Classification and Specifications
3.1. Product Type
3.2. Product Application
4. Technology Paradigm and Evolution
4.1. Existing Technology and Patents
4.2. Developing Technology
5. Global Market Trends, 2018-2025
5.1. Global Market Overview
5.2. Global Market Forecast, 2018-25
6. Macroeconomic Environment Analysis
6.1. Political and Legal Environment
6.2. Socio-cultural environment
6.3. Economic Environment
7. Mapping and Forecasting Structural Industrial Forces and Environment
7.1. Barriers to Entry
7.3. Costing Analysis
7.4. Bargaining power of Buyers and Sellers
7.5. Intensity of Rivalry
8. Market Demand Trends: Value and Volume Forecast, 2018-2025
8.1. Type of Machinery Segmentation
8.1.1. Spinning & allied machinery, Value and Volume Forecast, 2018-2025
8.1.2. Synthetic filament/yarn machinery, Value and Volume Forecast, 2018-2025
8.1.3. Weaving & allied machinery, Value and Volume Forecast, 2018-2025
8.1.4. Processing machinery, Value and Volume Forecast, 2018-2025
8.1.5. Textile testing/controlling/measuring instruments, Value and Volume Forecast, 2018-2025
8.1.6. Hosiery machinery, Value and Volume Forecast, 2018-2025
8.1.7. Spares & accessories, Value and Volume Forecast, 2018-2025
8.2. Geographical Segmentation
8.2.1. North India, Value and Volume Forecast, 2018-2025
8.2.2. South India, Value and Volume Forecast, 2018-2025
8.2.3. West India, Value and Volume Forecast, 2018-2025
8.2.4. East India, Value and Volume Forecast, 2018-2025
8.2.5. North East India, Value and Volume Forecast, 2018-2025
9. Market Metrics (Survey)
9.1. Share of Hearts
9.2. Share of Minds
10. Market Share Analytics
10.1. Market Share By Type of Machinery
10.2. Market Share By Geography
10.3. Market Share By Company
11. Market Demand Drivers and Factor Analysis
12. Market Capacity Assessment
13. Distribution Channel Strategies
14. Competitor Analytics: Market leader’s perspective
14.1. Market Signals and Trends
14.2. Mergers and Acquisitions
14.3. Defining the competitors
14.4. What drives the competitor?
14.5. Analysis of Resources and Capabilities
15. Value Chain Analysis
15.1. Raw Material: Cost
15.2. Raw Material: Procurement
15.3. Buyers Value Chain
16. Foreign Trade Analysis
16.1. Export and Import Trends
16.2. Terms of access - quotas, tariffs, duties
17. M&A Activities and impact on Industry Structure
18. What Consumer is Saying - Satisfaction and Awareness Survey?
19. Price and Pricing Analysis and Drivers
20. Economic and Demographics Forecast
20.1. GDP Forecast
20.2. Per Capita Income Forecast
20.3. Population Headline Indicators
20.4. Key Population Ratios
20.5. Urban/Rural Population & Life Expectancy
20.6. Population by Age Group
21. Price and Pricing Analysis and Drivers
22. Regulations and Policy
23. Taxation Policy and Policy Rates
24. Industry Player Profiles and Financial Analytics
24.1. Business Overview
24.2. Financial Data
24.3. Product Landscape
24.4. Strategic Outlook
25. Industry Risk Analysis