Braiding Machines Market is segmented by Configuration (Vertical Braiders and Horizontal Braiders), and by Distribution Channel (Direct sales [OEM] and Indirect sales), and by Product Type (Horn gear braider [Maypole braider and Square braider], Wardwell Rapid Braider, 4Track and column braider, and Wire braiding machines), and by Application (Industrial and Residential), and by Industry (Textile, Sporting, Automotive, Medical, Aerospace, Electrical, Marine Sector, and Others), and by Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa and Rest of World)
Braiding Machines Market size shall reach a value of $2x61.4 million in 2032, growing with a CAGR of 12.13% during the forecast period of 2022 to 2032.
Market Definition / Research Scope
Braiding uses a versatile textile that produces the simplest and most complex of products. A braiding machine interlaces three or more strands of yarns or wires to form a rope reinforced hose, covered power cords and some types of lace. The braiding process creates products of different length, diameter and width. A major fundamental of the braiding process is that it ensures a uniform distribution of weight through the braided material.
Key factors are driving the Braiding Machines Market growth
Numerous applications of braided yarn are expected to spur the growth of the Braiding Machine market across industries such as marine, textile, electrical and aerospace. The continuous growth in automobile production is one of the key factors driving market growth during the forecast period. Further, products that are customized are expected to be lucrative opportunities for the product manufacturers. Likewise, braids are manufactured in various lengths, diameters, and widths, and distribute weight uniformly through the material to enhance its impact resistance. Hence, high demand for flexible, flame-retardant, and abrasion-resistant products from end users is expected to drive the braiding machine market sales. The braiding machines have evolved from mechanical to fully automated machines over the years, with sequential improvements in design and operating configuration.
A major factor fuelling the demand for the product is the growing adoption of braided wires and cables in various industries, as well as the continuous growth of the automobile industry over the forecast period. With the increasing demand for braided wires, cables, and yarns in various industries such as textile, marine, aerospace, and healthcare, the braiding machines market across the globe is expected to grow at a fast pace over the forecast period. Also, the braiding machines market in Europe is anticipated to grow at a significant rate as a result of growth in the automotive and medical sectors. Accordingly, the braiding machines market is expected to gain significant traction during this period.
“Globally, rapid industrialization and urbanization in both developing and developed countries is expected to drive the braiding machines market during the forecast period, because the growth of various industries is a major driver of development.”
Challenges to Braiding Machines Market
Despite several benefits and applications, the braiding machines market is vulnerable to inevitable shortcomings such as:
• High cost of assembly
• Expensive raw materials required for braiding
• These machines are not compatible with materials such as stone and seeds
The aforementioned factors may hinder the future growth of their market in the upcoming decades.
Covid Impact on Braiding Machine Industry :-
Because of the prolonged lockdown in major countries worldwide, the COVID-19 pandemic had temporarily shut down the braiding machine industry. Due to this, braiding machine market growth has slowed significantly, and continued to gain a bit of traction in the year 2020. However, COVID-19 had already affected equipment and machinery sales in the first quarter of 2020. It affected market growth adversely throughout the year. Moreover, braiding machines market sales started to increase slowly from the mid of 2021.
Previously, equipment and machinery demand was largely driven by giant manufacturing countries like the U.S., Germany, Italy, the U.K., and China, which was adversely affected by the outbreak of Coronavirus, thus dampened the demand. Additionally, due to the potential impact of the lockdown, and the financial recovery of companies was entirely dependent on their cash reserves. A full lockdown on equipment and machinery companies gave time to the players to adjust their investment plans. Post COVID-19, braiding machine manufacturers focussed on protecting their workforce, operations, and supply chains. A huge amount was invested on automating the machines.
Braiding Machines Market Regional Analysis
The textile sector is expected to grow at the fastest rate in Asia, including China and India because of rapid urbanization and population growth. The increasing number of braided machine manufacturers in India is another major factor responsible for the market growth. Further, the North American automotive industry is adopting numerous innovative braiding techniques for harnesses and brake systems. As major market players invest in research and development, North America is projected to hold the highest market share during the forecast period. FCA, Ford, and General Motors, for instance, invest more than USD 18 billion per year in Research & Development. Moreover, Europe is expected to display moderate market growth due to the stable demand for braided healthcare products across the region. During the forecast period, Western European governments are expected to spend USD 2,279 billion and invest USD 1,745 billion for healthcare industry.
Rapid growth in the textile and medical sectors in the Middle East and Africa is driving investment in braiding machines, thereby contributing to market growth. The UAEs Vision 2021 led to healthcare spending of USD 21.3 billion accounting for 4.6% of the countrys GDP. Further, the region is witnessing a rise in healthcare investments, allowing several opportunities for the emerging players; this, in return, will spur the growth of the braiding machine market.
Braiding Machines Market Share and Competition
The major players in this industry are Mayer & Cie. GmbH & Co. KG, Alfa Flexitubes Pvt. Ltd., Cobra Braiding Machinery Ltd., HERZOG GmbH, The Steeger USA, Talleres Ratera, S.A., Kyang Yhe Delicate Machine Co., Ltd., Braidwell Machines Co., Wardwell Braiding Co., TapeFormers Ltd., Spirka Schnellflechter GmbH, OMEC S.r.l., and Fletcher Industries & Fletcher International. There are other industries in this domain that are growing at a high CAGR, including the Wrapping Machines Market and Beaming Machines Market. Herzog exhibited its latest winding and braiding technologies at TECHTEXTIL/ TEXPROCESS 2019 in Frankfurt in June. It is a variation braider VF1/(4-32) - 140 that is specifically used for medical and textile applications. NIEHOFF has developed a large spinning braiding machine for stranding cables and wires with large cross sections. Double-stroke machines of the D and DSI series are equipped with NIEHOFFs Stranding Technology SL, which improves wire quality for construction machinery.
Braiding Machines Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2032)
• Data breakdown for every market segment (2022 – 2032)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Configuration Analysis (Revenue, USD Million, 2022 - 2032)
• Vertical Braiders
• Horizontal Braiders
Distribution Channel Analysis (Revenue, USD Million, 2022 - 2032)
• Direct sales (OEM)
• Indirect sales
Product Type Analysis (Revenue, USD Million, 2022 - 2032)
• Horn gear braider (Maypole braider and Square braider)
• Wardwell Rapid Braider
• 4Track and column braider
• Wire braiding machines
Application Analysis (Revenue, USD Million, 2022 - 2032)
Industry Analysis (Revenue, USD Million, 2022 - 2032)
• Marine Sector
Region Analysis (Revenue, USD Million, 2022 - 2032)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Braiding Machines Market Companies
• Mayer & Cie. GmbH & Co. KG
• HERZOG GmbH
• Alfa Flexitubes Pvt. Ltd.
• Cobra Braiding Machinery Ltd.
• The Steeger USA
• Talleres Ratera, S.A.
• Braidwell Machines Co.
• Kyang Yhe Delicate Machine Co., Ltd.
• Wardwell Braiding Co.
• TapeFormers Ltd.
• OMEC S.r.l.
• Spirka Schnellflechter GmbH
• Fletcher Industries & Fletcher International
Available Versions: -
United States Braiding Machines Market Research Report
Europe Braiding Machines Market Research Report
Asia Pacific Braiding Machines Market Research Report
India Braiding Machines Market Research Report
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