Market Forecast By Machine Types (Spinning Machine, Weaving Machine, Knitting Machine, Texturing Machine), By Applications (Textile Industry, Clothing Industry), By Raw Material Types (Wool, Cotton, Cellulosic, Polypropylene, Acrylic, Others) And Competitive Landscape
Product Code: ETC004051 | Publication Date: Sep 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Bangladesh Apparel & Textile Machinery Market |
Forecast period | 2025-2031 |
CAGR | 10% |
Growing Sector | Spinning Machine Segment |
The Bangladesh Apparel & Textile Machinery Market report thoroughly covers the market by machine types, applications and raw material types. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Bangladesh Apparel & Textile Machinery Market is expected to experience a steady growth during the forecast period. This growth can be attributed to various factors such as increasing investments in technology and automation, government initiatives, and rising demand for high-quality textiles.
According to 6Wresearch, Bangladesh Apparel & Textile Machinery Market size is expected to grow at a CAGR 10% during 2025-2031. Government initiatives are one of the main factors propelling the Bangladeshi apparel and textile machines market's expansion. In order to support the nation's textile industry, the government has implemented a number of policies, including infrastructural development, tax breaks, and subsidies. These programs have drawn in international investment and contributed to the development of favorable conditions for the sector's success.
The expanding market for premium textiles in both domestic and foreign markets has also been a significant factor in the industry's expansion. The nation is a desirable place to source textiles because to its trained labor force and affordable production, which is driving up demand for cutting-edge equipment and technology.
The garment and textile machinery sector in Bangladesh is expanding quickly, however there are still issues that need to be resolved. The scarcity of skilled staff for contemporary machinery upkeep and operation is one of the primary problems. This may reduce production efficiency and impede the adoption of new technologies.
Inadequate power supplies and subpar transportation networks are examples of infrastructure constraints that present another difficulty and may raise expenses and cause production delays. In the long run, maintaining the industry's growth will depend on addressing these issues.
The Bangladesh apparel and textile machinery market is highly competitive, with major players such as Juki Corporation, Brother Industries Ltd., Toyota Industries Corporation, Hikari (Bangladesh) Ltd., and Pegasus Sewing Machine Mfg. Co., Ltd. dominating the market. These companies are constantly investing in research and development to improve their products and cater to the evolving needs of the industry.
The government initiatives have played a significant role in driving the growth of the Bangladesh apparel and textile industry. The government has taken steps to improve the countryโs infrastructure, provide training for skilled labor, and establish specialized industrial zones dedicated to the textile sector.
Additionally, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has collaborated with international organizations to implement sustainable practices in the industry, promoting a positive image of Bangladeshi textiles in the global market. These initiatives have not only boosted the industry's growth but also helped improve working conditions and sustainability practices in the sector.
The clothing and textile machinery market in Bangladesh appears to have a bright future, as new technologies like automation, artificial intelligence, and the Internet of Things (IoT) are predicted to completely transform the sector. It is also expected that the growing market for eco-friendly and sustainable textiles would spur innovation in manufacturing techniques.
Furthermore, the industry is expected to continue growing and succeeding in the upcoming years due to the government's focus on building a trained workforce and upgrading infrastructure. All things considered, the Bangladeshi market for clothing and textile machines offers rich prospects to suppliers, producers, and investors. In conclusion, the market for textile and garment machinery in Bangladesh has expanded significantly in recent years and is predicted to do so in the future. The industry is well-positioned for profitable and sustainable growth in the future because to progressive government initiatives, a trained labor pool, and technological advancements.
According to Dhaval, Research Manager, 6Wresearch, The spinning machine segment is growing in demand due to the increasing trend of automation in the textile industry. These machines offer higher efficiency and productivity compared to traditional methods, leading to a higher demand for them in the market. The rising demand for high-quality yarns and fabrics also contributes to the growth of this segment as spinning machines are essential in producing these materials. With continuous advancements in technology, the spinning machine segment is expected to dominate the market in the coming years.ย Overall, it can be said that all segments within the apparel and textile machinery market are interconnected and contribute to each other's growth.
The textile industry segment is growing in demand due to the increasing production of textiles for both domestic and international markets. The apparel and clothing industry segment also holds a significant share in the market, driven by the booming demand for high-quality garments from global fashion brands. The rise in disposable incomes and changing consumer preferences are also driving the growth of these segments. As the demand for textiles continues to grow, so does the demand for efficient machinery, making this an essential factor in driving the overall growth of the Bangladesh apparel and textile machinery market.
The cotton segment is growing in demand due to the abundant availability of cotton in Bangladesh and its affordability compared to other raw materials. Cotton is widely used in the production of a variety of textiles, from everyday clothing to luxury fabrics, making it a versatile and high-demand material. Moreover, with a rise in consumer awareness about sustainable and eco-friendly products, there has been an increased demand for organic cotton, further boosting the growth of this segment.
Overall, all segments within the market are interconnected and contribute to each other's growth. The increasing demand for advanced machinery and technology necessitates the use of quality raw materials, leading to growth in both segments.
The Bangladesh Apparel & Textile Machinery Market report provides a detailed analysis of the following market segments:
Spinning Machine
Weaving Machine
Knitting Machine
Texturing Machine
Textile Industry
Clothing Industry
Wool
Cotton
Cellulosic
Polypropylene
Acrylic
Others
Table of Contents |
1. Executive Summary |
2. Introduction |
2.1. Key Highlights of the Report |
2.2. Report Description |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Bangladesh Apparel & Textile Machinery Market Overview |
3.1. Bangladesh Country Macro Economic Indicators |
3.2. Bangladesh Apparel & Textile Machinery Market Revenues & Volume, 2021 & 2031F |
3.3. Bangladesh Apparel & Textile Machinery Market - Industry Life Cycle |
3.4. Bangladesh Apparel & Textile Machinery Market - Porter's Five Forces |
3.5. Bangladesh Apparel & Textile Machinery Market Revenues & Volume Share, By Machine Types, 2021 & 2031F |
3.6. Bangladesh Apparel & Textile Machinery Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.7. Bangladesh Apparel & Textile Machinery Market Revenues & Volume Share, By Raw Material Types, 2021 & 2031F |
4. Bangladesh Apparel & Textile Machinery Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Bangladesh Apparel & Textile Machinery Market Trends |
6. Bangladesh Apparel & Textile Machinery Market, By Types |
6.1. Bangladesh Apparel & Textile Machinery Market, By Machine Types |
6.1.1 Overview and Analysis |
6.1.2. Bangladesh Apparel & Textile Machinery Market Revenues & Volume, By Machine Types, 2021 - 2031F |
6.1.3. Bangladesh Apparel & Textile Machinery Market Revenues & Volume, By Spinning Machine, 2021 - 2031F |
6.1.4. Bangladesh Apparel & Textile Machinery Market Revenues & Volume, By Weaving Machine, 2021 - 2031F |
6.1.5. Bangladesh Apparel & Textile Machinery Market Revenues & Volume, By Knitting Machine, 2021 - 2031F |
6.1.6. Bangladesh Apparel & Textile Machinery Market Revenues & Volume, By Texturing Machine , 2021 - 2031F |
6.2. Bangladesh Apparel & Textile Machinery Market, By Applications |
6.2.1. Overview and Analysis |
6.2.2. Bangladesh Apparel & Textile Machinery Market Revenues & Volume, By Textile Industry, 2021 - 2031F |
6.2.3. Bangladesh Apparel & Textile Machinery Market Revenues & Volume, By Clothing Industry, 2021 - 2031F |
6.3. Bangladesh Apparel & Textile Machinery Market, By Raw Material Types |
6.3.1. Overview and Analysis |
6.3.2. Bangladesh Apparel & Textile Machinery Market Revenues & Volume, By Wool, 2021 - 2031F |
6.3.3 Bangladesh Apparel & Textile Machinery Market Revenues & Volume, By Cotton, 2021 - 2031F |
6.3.4. Bangladesh Apparel & Textile Machinery Market Revenues & Volume, By Cellulosic, 2021 - 2031F |
6.3.5. Bangladesh Apparel & Textile Machinery Market Revenues & Volume, By Polypropylene, 2021 - 2031F |
6.3.6. Bangladesh Apparel & Textile Machinery Market Revenues & Volume, By Acrylic, 2021 - 2031F |
6.3.7. Bangladesh Apparel & Textile Machinery Market Revenues & Volume, By Others, 2021 - 2031F |
7. Bangladesh Apparel & Textile Machinery Market Import-Export Trade Statistics |
7.1. Bangladesh Apparel & Textile Machinery Market Export to Major Countries |
7.2. Bangladesh Apparel & Textile Machinery Market Imports from Major Countries |
8. Bangladesh Apparel & Textile Machinery Market Key Performance Indicators |
9. Bangladesh Apparel & Textile Machinery Market - Opportunity Assessment |
9.1. Bangladesh Apparel & Textile Machinery Market Opportunity Assessment, By Machine Types, 2021 & 2031F |
9.2. Bangladesh Apparel & Textile Machinery Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.3. Bangladesh Apparel & Textile Machinery Market Opportunity Assessment, By Raw Material Types, 2021 & 2031F |
10. Bangladesh Apparel & Textile Machinery Market - Competitive Landscape |
10.1. Bangladesh Apparel & Textile Machinery Market Revenue Share, By Companies, 2024 |
10.2. Bangladesh Apparel & Textile Machinery Market Competitive Benchmarking, By Operating and Technical Parameters |
11. Company Profiles |
12. Recommendations |
13. Disclaimer |