Braiding Machine Market Size & Share, by Product Type (Horn Gear Braider, Wardwell Rapid Braider, 4track & Column Braider, Wire Braiding Machines); End User Industry (Textile, Sporting, Automotive, Medical, Aerospace, Electrical, Marine Sector); Distribution Channel (Direct Sales, Indirect Sale) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5430
  • Published Date: Nov 30, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Braiding Machine Market size is expected to cross USD 776 Million by the end of 2036, growing at a CAGR of 2.5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of braiding machine was over USD 563 Million. Braided medical sutures and implanted devices are in higher demand due to the healthcare industry's emphasis on cutting-edge medical devices and surgical procedures, which is propelling the market expansion. Research indicates that the growing requirement for catheters and other braided tubes used in surgeries will cause global healthcare spending to expand at a pace of 5.4% during the projected period.

In addition to these, the increasing demand for durable, high strength products across various industries is driving the demand for braided materials. Braiding machines enable the efficient production of these products leading the braiding machine market growth.


Braiding Machine Market
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Braiding Machine Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 2.5%

Base Year Market Size (2023)

 ~ USD 563 Million

Forecast Year Market Size (2036)

 ~ USD 776 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Braiding Machine Market: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Both Developed and Developing Nations Are Seeing an Increase In Industry and Urbanization- Growing urbanization and industrialization in both developed and developing nations is anticipated to propel the braiding machine market during the forecast period. This is because the number of industries contributing to development is on the rise, and the continuous expansion of automobile production is one of the key drivers of the global market. Approximately 4.4 billion people, or 56% of the world's population, live in cities today. By 2050, over seven out of ten people will live in cities as a result of this trend, with the urban population predicted to have more than doubled from its current level.
  • The Fashion Industry's Continued Expansion- In terms of demand, through 2022 and beyond, younger groups like Gen-Z and wealthier consumers from middle-class and up are anticipated to have the greatest hunger for leisure expenditure (including clothing, dining out, travel, entertainment, gadgets, and so forth). Sales in the Chinese fashion industry, which covers both luxury and non-luxury categories, have already recovered to levels seen prior to the pandemic. The intricate network of global supply lines that supports the garment industry is under unheard-of stress and upheaval. To keep products moving in line with customer demand, businesses need to reevaluate their procurement strategy while incorporating cutting-edge supply chain operations and maximum flexibility.

Challenges

  • Supply chain interruption due to COVID-19- The COVID-19 pandemic has caused the manufacture of a number of products in the braiding machine business to stop, mostly as a result of the extended lockdown in several key international nations. This has greatly slowed the braiding machine market growth in recent months and is probably going to do so in 2020. COVID-19 has already had an adverse effect on machinery and equipment sales in the first quarter of 2020, and it is probably going to have a detrimental effect on market growth all year long.
  • High initial investment required for purchasing and setting up braiding machines can be substantial, especially for advanced automated systems.
  • Advanced braiding machines required skilled operators who can handle complex programming and machine setup. The lack of skilled personnel poses challenge for market growth.


Braiding Machine Segmentation

End User Industry (Textile, Sporting, Automotive, Medical, Aerospace, Electrical, Marine Sector);

The textile segment is anticipated to hold 28% share of the global braiding machine market by the 2036. The rise in demand for ready-made clothing can be ascribed to rising levels of consumerism in developing nations like China, India, Thailand, and Indonesia. Furthermore, the textile sector is experiencing notable technical breakthroughs that are propelling the demand for automatic braiding machines worldwide. The expanding global market can be attributed to the burgeoning textile sector in developing nations like Bangladesh, India, and China. Around 24 million metric tons of textile fibers were produced globally in 1975. That amount had almost quadrupled by 2022 and exceeded 113.8 million metric tons. The manufacturing volume of natural fibers, such as cotton and wool, was 25.2 million metric tons, while the remaining 87.6 million metric tons were produced by chemical fibers. Chemical fibers include artificial cellulosic fibers like rayon and viscose, as well as synthetic fibers like polyesters and polyamides. Additionally, because automatic braiding machines perform better than traditional machines, the demand for them is expected to rise in industrialized nations.

Product Type (Horn Gear Braider, Wardwell Rapid Braider, 4track & Column Braider, Wire Braiding Machines)

The horn gear braider segment in the braiding machine market is expected to hold largest revenue share of about 38% during the forecast period. In automatic braiding machines, horn gear braziers are utilized to engage and disengage the drive train without the need for human interaction. To engage the machine, simply attach the desired chord or cable on either end of the brazier. The machine then snaps into place and shuts off. The brazier is a straightforward but efficient gadget made up of two revolving disks that are each attached to a cable or cord. The disks are placed at the top and bottom of the machine when the brazier is placed on it.

Our in-depth analysis of the global braiding machine market includes the following segments:

     Product Type

  • Horn Gear Braider
  • Wardwell Rapid Braider
  • 4track & Column Braider
  • Wire Braiding Machines

     End User Industry

  • Textile
  • Sporting
  • Automotive
  • Medical
  • Aerospace
  • Electrical
  • Marine Sector

     Distribution Channel

  • Direct Sales
  • Indirect Sale

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Braiding Machine Industry - Regional Synopsis

APAC Market Forecast

Brading machine market in Asia Pacific region is attributed to hold the largest share of about 34% during the forecast period. The rise in manufacturing activities in China and India has resulted in a growing need for automatic braiders, which is the reason for the increase. Furthermore, it is anticipated that increasing investments from outside firms like Siemens AG and Hyundai Heavy Industries Co., Ltd. will propel the area market even further. The surge is attributed to rising fashion sector spending as well as a population that is expected to continue growing, especially in China. China was the world's largest exporter of textiles in 2021, with a valuation of over USD 118.5 billion. Bangladesh came in second place with an export value of about USD 38.73 billion, behind China. China's exports account for over 52.2% of Asia's entire textile export market.

North American Market Statistics

The braiding machine market in the North America region is projected to hold the second largest market share of about 25% during the projected period. The growth of the market in this region is due to the strong demand from end-use sectors in the United States, including textile and fabric, automotive, construction, aerospace, and defense. During the course of the forecast period, this regional market is anticipated to increase at a CAGR of more than 6%. This is explained by the product's outstanding qualities, including flexibility, moisture absorption, and tensile strength, which have led to an increase in demand from the textile and construction industries.

Research Nester
Braiding Machine Market Size
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Companies Dominating the Braiding Machine Market

top-features-companies
    • HERZOG GmbH
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • NIEHOFF Schwabach
    • O.M.A. S.r.l.
    • Spirka Schnellflechter GmbH
    • Mayer & Cie
    • Steeger USA.
    • Knitting Machinery Corp.
    • Wardwell Braiding Co.
    • Lamb Knitting Machine Corporation
    • GLADDING BRAIDED PRODUCTS, INC.
    • Geesons International
    • Magnatech International, Inc.

In-the-news

In The News

  • Herzog exhibited its latest winding and braiding technology at the TECHTEXTIL/TEXPROCESS 2019 in Frankfurt. The variation braider VF1/ (4-32) – 140 is an improved version of braiding machine used particularly for medical and textile applications.
  • NIEHOFF has developed large rotating braiding machine for stranding cables and wires using large cross sections. The well-known double-stroke machine of D and DSI series is embedded with NIEHOFF’s stranding Technology SL, that increases the wire quality useful for construction machinery.

Author Credits:  Rushikesh, Richa Gupta


  • Report ID: 5430
  • Published Date: Nov 30, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing urbanization and industrialization as well as machine popularity are the major factors driving the growth of the braiding machine market.

The market size of braiding machine is anticipated to attain a CAGR of 2.5% over the forecast period, i.e., 2024-2036.

The major players in the market are NIEHOFF Schwabach, O.M.A. S.r.l., Spirka Schnellflechter GmbH, Mayer & Cie, Steeger USA., Knitting Machinery Corp., Wardwell Braiding Co. and others.

The textile segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Braiding Machine Market Report Scope
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