Published on June 1, 2015
The growth of the technical textiles sector in recent decades has been remarkable. Innovation, mainly originating in the industrialized world, has benefited all stages of the supply chain in textiles, especially advanced and technical textiles.
The textile industry is boom at high speed. The world is on a new corridor of industrial revolution. Analysts are anticipating more development with latest technologies in Textile Machineries. The textile machinery manufacturing hubs like China, Germany, Italy, Switzerland and India have already jumped in huge competition to craft and bid best technologies in textile machineries.
Global Industry Analysts has declared that the global bazaar for textile machinery is estimated to reach around US$22.9 billion by 2017.
Historically, strong and innovative materials, chemicals and machinery/component manufacturers have made vital contributions towards helping the textile industry in their efforts to be sustainable.
It is important to look at the current structure of the global textile industry, especially as the result of the ongoing process of globalization. Various types of textile supply chains and customer interactions with the industry are significantly affecting company strategies as regards design, product development, manufacturing and marketing of textiles and textile products.
