Owing to the rapid production of textile materials for manufacturing clothes, the revenue of textile testers is expected to reach USD 156 Billion in 2032, compared to USD 126.38 Billion in 2022. The industry is projected to expand at a CAGR of 2.13% during the forecast period from 2022 to 2032.
| Report Attributes | Details |
|---|---|
| Expected Base Year Value (2021) | USD 123.66 Billion |
| Projected Market Value (2022) | USD 126.38 Billion |
| Anticipated Forecast Value (2032) | USD 156 Billion |
| Estimated Growth Rate (2022 to 2032) | 2.13% |
The growing requirement for textiles in households is expected to play a significant role in driving the market in the forecast period. With increased disposable income and rising urbanization, the demand for curtains, towels, washing cloth, bed sheets, and other products has increased considerably. These products have propelled the demand for textile testers, which is expected to benefit the market in the forecast period.
The advent of tech-integrated wear that can heat up and cool down in the arena of textiles is likely to present significant opportunities for expansion in the assessment period. Established companies such as Nike and Under Armor are focusing on collaboration with Google parent Alphabet and Microsoft to develop smart clothing technology. Owing to such factors, the demand for the textile tester is anticipated to increase notably in the forecast period.
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The rapid growth of the clothing industry is projected to be the key factor boosting demand for textile testers during the forecast period. The advent of e-commerce has offered growth opportunities to the textile sector by enhancing exposure to textile products, which will benefit the industry in the forthcoming period. Online shopping has gained notable traction across the globe, which has also enhanced the demand for innovative and fashionable clothes. Such factors have made a significant contribution to increasing demand for textile testers among manufacturers.
Also, the emergence of smart textiles, which include optical fibers, conductive polymers, and metals, is being widely used in fashion, sports, and fitness apparel, which has positively influenced the industry. For instance, Cityzen Science’s, t-shirt offers a wide range of functions such as built-in GPS, altimeter, and measures heart rate monitor. Such factors are expected to boost demand for textile testers, thus, benefiting the market in the forecast period.
Additionally, favourable initiatives taken by the government of various countries is another salient factor driving the textile tester market. In February 2021, Paraguay’s Ministry of Industry and Commerce announced that it would invest USD 1.1 Million in the manufacturing sector. The investment will benefit the textiles, clothing, and footwear sector, and eventually, positively impact the textile tester demand during the forecast period.
Owing to the mismanagement of industrial waste, especially in developing and underdeveloped countries, the government tends to impose stringent rules on textile sectors, which is expected to be the key factor hampering the textile tester industry in the forecast period.
However, with rising demand for sustainable products, the companies are inclining toward eco-friendly methods, thereby paving an opportunistic path which also acts as a significant counter to hampering factors of the textile tester market in the forecast period.
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According to the analysis, North America is anticipated to lead the market in the forecast period. The USA has been identified as the major contributor in expanding the regional market. Domination of the regional market can be attributed to the high standard of living, land of the globally leading clothing brands, and large size of the working-class population. Also, the States is one of the largest producers, top raw material textile importers, and raw cotton exporters. Such factors are anticipated to propel market growth in North America.
Moreover, ongoing innovation in the textile sector is expected to offer remunerative opportunities to the industry. The growing preference for eco-friendly products will present a wide range of lucrative opportunities to the sector.
For instance, DuPont, a USA-based player, credited with inventing rayon, Kevlar, and nylon, launched plant-based faux fur for performance fashion apparel, and Eastman’s usage of discarded carpet in the new material, which is likely to offer numerous opportunities to the textile tester market in the forthcoming period. Owing to factors like the aforementioned, the industry is projected to flourish in the region during the assessment tenure.
APAC is anticipated to hold maximum growth opportunities during the forecast period. The growth of the regional market can be attributed to the increasing disposable income and rapid growth of the textile industry. Also, the presence of rapidly evolving economies like India, China, and Japan is expected to play a crucial role in developing the textile sector, thereby increasing demand for textile testers during the forecast period.
Favorable initiatives by the government of APAC countries are expected to play a vital role in augmenting the regional market size in the forecast period. In February 2021, the Indian government announced the setting up of seven mega textile parks in the coming three years. Such initiatives will boost the textile industry, and increase demand for textile testers during the forecast period. Owing to the aforementioned factors, the market in APAC is expected to experience significant growth in the forecast period.
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Key players in the global textile tester include Qualitest International Inc., TESTEX Textile Testing Instruments, ELECTROMATIC Equipment Co., AMETEK, Alpha Chemika, Paramount Group, Universal Textile Industries, ASIAN TEST EQUIPMENTS, and X-Power Equipments.
Key players in the global textile tester include Qualitest International Inc., TESTEX Textile Testing Instruments, ELECTROMATIC Equipment Co., AMETEK, Alpha Chemika, Paramount Group, Universal Textile Industries, ASIAN TEST EQUIPMENTS, and X-Power Equipments.
| Report Attribute | Details |
|---|---|
| Growth Rate | 2.13% CAGR from 2022 to 2032 |
| Market Value in 2022 | USD 126.38 Billion |
| Market Value in 2032 | USD 156 Billion |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | USD Million for Value |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Equipment Type, Application, Region |
| Regions Covered | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Argentina, Chile, Peru, Germany, France, UK, Italy, Russia, Spain, BENELUX, China, Japan, South Korea, GCC, South Africa, Turkey |
| Key Companies Profiled | Qualitest International Inc.; TESTEX Textile Testing Instruments; ELECTROMATIC Equipment Co.; AMETEK; Alpha Chemika; Paramount Group; Universal Textile Industries; ASIAN TEST EQUIPMENT; X-Power Equipments. |
| Customization Scope | Available upon Request |
The global textile tester market is anticipated at USD 156 Billion during the forecast period from 2022 to 2032.
The global textile tester market is expected to record a CAGR of 2.13% during the forecast period.
Qualitest International Inc., TESTEX Textile Testing Instruments, and ELECTROMATIC Equipment Co., are some of the known players in the global textile tester market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Textile Tester Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Textile Tester Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Equipment Type 5.1. Manual Tester 5.2. Motorized Tester 5.3. Digital Textile Tester 6. Global Textile Tester Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Material Thickness 6.2. Moisture 6.3. Speed and Length 7. Global Textile Tester Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. Middle East and Africa 8. North America Textile Tester Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Textile Tester Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Textile Tester Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Asia Pacific Textile Tester Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Middle East and Africa Textile Tester Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Key Countries Textile Tester Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. Qualitest International Inc. 15.2. TESTEX Textile Testing Instruments 15.3. ELECTROMATIC Equipment Co. 15.4. AMETEK 15.5. Alpha Chemika 15.6. Paramount Group 15.7. Universal Textile Industries 15.8. ASIAN TEST EQUIPMENTS 15.9. X-Power Equipments 16. Assumptions & Acronyms Used 17. Research Methodology
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Textile Tester Market
