Global Short-Staple Spindles Market 2017-2021

New Report Released: – Global Short-Staple Spindles Market 2017-2021

The author of the report recognizes the following companies as the key players in the global short-staple spindles market: Reiter, ITEMA, Lakshmi Machine Works, and Truetzschler.

Other Prominent Vendors in the market are: Bräcker, Marzoli Spinning Solutions, and Saurer.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is rise in use of sustainable fibers. Many clothing companies have taken the initiatives to use sustainable fibers to reduce consumption on cotton and other fossil fuels to turn them into polyester to manufacture apparels. Levi Strauss had modernized its brand by highlighting sustainability in its garments. This company used recycled plastic bottles for making its iconic denim jeans and had supported BCI. BCI initiative is implemented to produce cotton by utilizing less water and fewer pesticides.”

According to the report, one of the major drivers for this market is increase in exports of garments. APAC constitutes the maximum share in manufacturing garments worldwide. Countries like China, India, Bangladesh, and Vietnam are the leading manufacturers in the region. Bangladesh and Vietnam import textile items from India in huge volumes to convert these raw materials into finished goods, which is further exported to other countries.

Further, the report states that one of the major factors hindering the growth of this market is economic slowdown in China. The financial crisis taking place in China is likely to impact globally, leading to a slowdown in the textile machinery industry as well. The country primarily imports capital and intermediate goods or raw materials from its neighboring countries and exports finished goods to final destinations with respect to demand.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.