Optimistic growth of textile and winding to create huge
Seoul, South Korea, Aug. 19, 2022 (GLOBE NEWSWIRE) — According to Fact.MR, a market research and competitive intelligence provider, the global winding machine market is estimated to be worth $3.5 billion in 2022 and is expected to grow at an impressive CAGR of 7.4% over the forecast years 2022-2032.
Point in the request for winders of various industries across the globe has contributed to the growth of the market. The need for winding machines is expected to increase globally due to a range of end uses including wire welding, winding and wire welding. End-use industries include automotive, healthcare, agriculture, aerospace, electrical and electronics, and power and power.
Over the next few years, the winder market is expected to grow rapidly as the demand for electric cars increases. All in all, the expansion of different leading end-use industries leads to an increase in winding machine sales across the globe.
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The winding machine market is expected to grow due to growing demand for wearable technology, various textile advancements, 3D printing technology, hardware advancements, and textile advancements. The major players in the winding machine market are expected to witness significant growth owing to growing demand through constructive collaborations with end-use industries. Wearable textiles with built-in electrical sensors, one of the latest trends, present a huge opportunity for innovation, further leading to the installation of tread winding machines.
A significant trend that is becoming increasingly popular in the winding machine market is the increasing use of technology. To improve their competitiveness, winding industry players are focusing on creating winding technology solutions through programmed and automated systems.
How can market expansion be affected to some extent?
“The high cost of machinery and regular maintenance can hamper market progress”
High initial cost of equipment is one of the major factors hindering the growth of the global winding machine market.
In the near future, the demand and expansion of the global industrial winding machines market would be limited by the high initial cost associated with the winding machines. Regular maintenance of winders that require routine lubrication and cleaning increases maintenance costs.
In addition, the transmission components of winding machines are subject to frequent wear and can jam abnormally and run unevenly without proper oil and lubrication, which could lead to machine breakdown, thus affecting productivity.
Repeated maintenance and high cost of these machines can restrain the market growth to some extent.
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Key segments covered by the Winders Industry survey
- By machine type:
- Paper winding machines
- Film rewinders
- Wire winders
- Sheet winding machines
- Wire and bobbin winding machines
- Coil winders
- By type of winding:
- Horizontal winders
- Vertical winders
- By Number of Pins:
- Less than 2
- Above 6
- By spindle speed:
- Less than 2500 rpm
- 2,500 to 5,000 rpm
- 5000—7500 rpm
- Above 7500 rpm
- By operation:
- Manual winders
- Semi-automatic winders
- Automatic winders
- By end-use industry:
- Aerospace and Defense
- Construction and mining
- Consumer electronics
- Electrical and Electronic
- Medical and health devices
- Industrial machinery
- Paper and printing
- Textile industry
The main winding machine manufacturers are AIKI RIOTECH, Armature Coil Equipment, Bianco, Broomfield, CONSTRUMA, CORGHI TEXTILE, DEMAS MAKINE, Eternal Automation, FADIS, FORMERTRON Engineering (I) Pvt. Ltd, LAE LUGHESE ATTREZZATURE PER, LOIMEX, Marsilli, Rieter, RIUS, Schleich, Starlinger, TAINING MACHINE INDUSTRIAL CO., LTD, TALLERES RATERA SA, Tuboly-Astronic AG and Whitelegg Machines Ltd.
The high initial cost of winding machines will create a significant bottleneck in the production of competitive machines. The major players in the market are striving to launch cutting-edge technology in the market. Additionally, there is an emerging need to develop automated processes to pave the way for higher volume production. The leading manufacturers are expected to offer different categories and types of multi-speed machines to perform different functions in industries.
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The key players in the Winders Market
- Taining Machine Industrial Co.Ltd
- Armature coil equipment
Main takeaways from Winders Market research
- The global winding machine market is expected to reach US$7.14 billion by 2032.
- The market recorded a CAGR of 1.1% between 2017 and 2021.
- Wire and coil winding machines dominate the market with a valuation of US$922.4 million in 2022.
- In operation, automatic winders dominate the market and are valued at US$2.28 billion in 2022.
- Depending on the region, winding machine demand is expected to grow at a CAGR of 8.2% in East Asia through 2032.
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