Circular Looms Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 1.8 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
Circular Looms Market Size and Opportunity Analysis
The global circular looms market was valued at approximately USD 3.2 billion in 2022 and is projected to grow significantly over the coming years. With a compound annual growth rate (CAGR) of 5.8%, the market is expected to reach around USD 4.6 billion by 2027. The steady growth is driven by increasing demand in the packaging industry, particularly for high-strength and durable woven fabrics used in various applications such as bags and sacks. Additionally, the rising adoption of circular looms in the production of industrial textiles and agricultural products is further propelling market expansion.
Emerging markets, especially in regions like Asia-Pacific and Latin America, present substantial opportunities for growth. These areas are experiencing rapid industrialization and urbanization, leading to an increased need for efficient and cost-effective weaving technologies. Furthermore, advancements in circular loom technology, such as the development of energy-efficient and high-speed models, are likely to open new avenues for market players. As businesses and industries in these regions continue to invest in modern manufacturing processes, the demand for circular looms is anticipated to witness a robust uptick, making it a lucrative segment for future investments and technological innovations.
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Who are the largest Global manufacturers in the Circular Looms industry?
- Starlinger
- Lohia Group
- Windmöller & Hölscher
- JAIKO INDUSTRIES (JP Group)
- Hao Yu Precision Machinery
- Mandals Technology
- Yanfeng Group
- ATA Group
- PHYLLIS
- Garter Mechanical Engineering
- Dong-Shiuan Enterprise
- SAN CHYI Macninery
- Hengli Machinery
- Yongming Machinery
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the Global Circular Looms Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Global Circular Looms Market
- Fruits & Vegetable Packaging Fabric
- Cement Bag
- Jumbo Bag
- Tarpaulin Fabric
- Others
What are the types of Circular Looms available in the Market?
Based on Types the Market is categorized into Below types that held the largest Circular Looms market share In 2023.
- 4 Shuttles Circular Looms
- 6 Shuttles Circular Looms
- 8 Shuttles Circular Looms
- 10 Shuttles Circular Looms
- 12 Shuttles Circular Looms
Which regions are leading the Global Circular Looms Market?
- Global (United States, Global and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of Global Circular Looms Market Research Report, 2024-2032
1. Introduction of the Global Circular Looms Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. Global Circular Looms Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. Global Circular Looms Market, By Type
6. Global Circular Looms Market, By Application
7. Global Circular Looms Market, By Geography
- Global
- Europe
- Asia Pacific
- Rest of the World
8. Global Circular Looms Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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