According to a recent market study published by Growth Market Reports titled, "Global Shuttleless Loom Market by Type, Applications, and by Regions: Size, Share, and Trends Analysis”, the market was valued at USD 3,250.8 Mn in 2020 and is projected to reach a market value of USD 4,087.8 Mn by 2028 expanding at a CAGR of 3.1%. In terms of volume, the global shuttleless loom market was 1,41,732.4 units in 2020 and is projected to reach a market volume of 1,69,636.9 units by 2028. Shuttleless looms are the modern looms. These looms have a high production rate and are usually used to produce fashionable fabrics such as cotton terry towels, shirting, suiting, sheeting fabrics, airbag fabrics, and technical textiles.

Shuttleless looms are of great significance for adjusting fabric structure, reducing fabric defects, increasing fabric varieties, reducing noise, improving fabric quality, reducing energy consumption, and improving working conditions. There are multiple types of shuttleless looms such as rapier loom/rapier weaving machine, gripper/projectile loom, air-jet loom, and water-jet loom. FTA (Free Trade Agreement) influenced the global textile and clothing sector significantly, which boosted the global shuttleless loom market.

The textile industry is price-sensitive and labor-demanding, hence, manufacturing countries implement a protected regime by establishing high import tariffs to defend the interests of indigenous producers. FTAs open the door to these manufacturing nations, allowing them to develop and invest in their industries. Several significant industrial nations have market access agreements with the EU and the US. They entered into trade agreements with specific countries, cutting or removing tariffs on the imports of those countries.

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Favourable government policies are expected to boost the demand for manufacture of shuttleless looms during the period. Governments of various countries such as the US and India implemented various schemes to support the manufacturers in the shuttleless loom market.

The global shuttleless loom market has been segmented based on type, applications, and region. In terms of type, the global shuttleless loom market is segmented into rapier, air jet loom, and water jet loom. By regions global shuttleless loom market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA).

Shuttleless looms are the modern looms and their demand is increasing due to high demand from the textile industry. The pandemic negatively affected the growth of the global shuttleless loom market with the halt in transportation and production activities. Although, in the later period of the pandemic, with the robust backing of the e-commerce industry, the demand for textile started recovering thereby facilitating the growth of the global shuttleless loom market.

As per Growth Market Reports industry analyst Rajas Shirwalkar, “The shuttleless loom market is anticipated to witness significant growth during the forecast period 2021-2028. The air jet loom segment is expected to hold a significant share of the market and is projected to expand at a substantial CAGR during the forecast period, owing to its high popularity among end-users. The synthetic fiber industry segment is expected to hold a significant share of the market and is projected to expand at a considerable CAGR owing to its low costs. Asia Pacific accounted for a key share of the market in recent years and this trend is anticipated to persist during the forecast period owing to a strong prevalence of shuttleless rooms in the region.

Textile Industry Trends Impacting the Market Growth

The global textile industry is expanding and flourishing at a rapid rate. In 2016, over 100 million tons of textiles were consumed worldwide. Structural changes are occurring in the industry wherein the share of the market is shifting from regions that used to dominate the market such as European Union and the US to developing countries such as China, Bangladesh, Vietnam, and India. From the supply side, the global textile & apparel trade was valued at roughly USD 7,64,000 Million in 2018. China is currently the largest exporting nation pertaining to the textile industry. Countries such as China and the US are increasing domestic production and sales of shuttleless loom to cater the demand of customers across the globe.

Key Takeaways from the Study

  • The rapier loom segment is anticipated to grow substantially during the forecast period, owing to positive features associated with rapier looms.
  • The synthetic fiber industry segment is anticipated to hold a significant share of the market, owing to high demand of synthetic fibers for apparels.
  • The market in Asia Pacific is expected to account for a key share of the market during the forecast period due to a robust textile industry in the region.
  • The market in China is anticipated to grow substantially during the forecast period as the country is a large exporter of textiles.

Report Scope

Report Metric

Details

Market Value in 2020

USD 3,250.8 million

Market Growth Rate (from 2016 to 2020)

3.1%

Historic Data

2016-2019

Base Year

2020

Forecast Period

2021 - 2028

Units Considered

Value (USD Million), Volume (Units)

Market Segments

Types and Applications

Regional Scope

North America, Europe, Latin America, Asia Pacific, Middle East & Africa (MEA)

Country Scope

The US., Canada, Peru, Chile, Brazil, Rest of Latin America, China, Japan, South Korea, India, Australia, Southeast Asia, Rest of Asia Pacific, Germany, France, U.K., Russia, and Rest of Europe, Saudi Arabia, South Africa, UAE and Rest of MEA.

Key Companies Profiled

Picanol Group, Itema S.p.A., Toyota Industries Corporation, JINGWEI Textile Machinery Co.,Ltd, and Lindauer DORNIER GmbH

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements

Target Audience

  • Demand Side: Industrial End-users, Universities, etc.
  • Regulatory Side: Concerned government authorities and other regulatory bodies.
  • Associations and Industry Bodies - International trade organization (ITA) and Ministry of Textile of India.