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.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~ 2.5% |
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Base Year Market Size (2023) |
~ USD 563 Million |
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Forecast Year Market Size (2036) |
~ USD 776 Million |
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Regional Scope |
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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:
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Product Type |
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End User Industry |
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Distribution Channel |
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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.
Author Credits: Rushikesh, Richa Gupta
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