It is projected that the market for loom machines, a vital component of the textile manufacturing sector, would see substantial change between 2024 and 2034. Growing customer preferences for a wider variety of materials and improvements in textile technology are driving up demand for loom machines, which are essential for weaving fabrics. The market is expected to increase in tandem with the world’s population, growing disposable incomes, and developing fashion sectors, with applications spanning from clothing to industrial textiles.
Market Size and Expansion
Over the course of the forecast period, the loom machine market is anticipated to expand at a compound annual growth rate (CAGR) of around 5.4%, reaching a valuation of US$ 9.1 billion by 2034. Growing investments in textile manufacturing automation, especially in developing nations like China, Vietnam, and India, are driving the increase. Loom machine operating efficiency is being further improved by the introduction of Industry 4.0 technologies, including as IoT and AI, which is helping the market grow.