According to Future Market Insights, by the end of 2023, the fiber drawing machine market is expected to reach a value pool of US$ 500 million. Fiber drawing machine sales are predicted to reach US$ 900 million in 2033, growing at a compound annual growth rate of 6%.
What is Driving Demand for Fibre Drawing Machine?
The production of various types of fibres have improved over the past few years with increased consumption from different sectors. With the inception of modern drawing technologies, fibre drawing machine have developed to produce end-use specific and industry standard types, catering to vivid demands.
These machines enable small and medium businesses to scale up their output and can produce a variety of fibre types, including ribbon, spun, package, and microstructure fibres, as well as fibre dimensions ranging from 50 to 1500 microns.
Apart from the usage of these machine in textile applications, they are also used in automotive and aerospace industries. Drawn fibre can also be woven into support structures for composite materials used in the automotive and aerospace industries. Medical braiding is another popular application of drawn fibre monofilaments in the medical industry.
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Technology Developments to Augment Sales of Fibre Drawing Machine.
The increasing fields of application of modern and traditional fibres provides numerous opportunities for the market growth. The new preform technologies which are complementary with respect to enhanced fibre requirements, the adjustment of nonlinear fiber properties, and the possibility of hybrid fiber fabrication are shaping the market. Drawing technology has advanced in response to specialty fibre requirements such as modified fibre diameters, varying coating properties, and microstructuring of fibre configurations in the nanometer range, providing value to textiles, vehicle structures, medical equipment, and small-scale businesses. Such emerging application have led to growing end-uses.
U.S. and Canada Market Outlook
Integrated systems for manufacturing fibres for all applications, is a key regional trend of the U.S. market. It is a mature market with the world’s largest suppliers with comprehensive know-how, of fibre drawing process with advanced technology. The suppliers in U.S. can thus develop optimal solutions for fibre end-users. The suppliers not only specialize in the machines and systems but also provide the pre-sale activities and after sales service.
The presence of key market participants in the U.S. country, is likely favoring the market demand. A high level of technological competence in the field of fibre drawing machinery, combined with government support to boost small scale production and upheave the industrial production, is providing momentum for market growth in U.S.
In the country of Canada, fibre drawing for textile making, are generally employed by textile companies. Both U.S. and Canada are providing positive stimulus to the market growth.
Europe Demand Outlook for Fibre Drawing Machine
Many countries in EU have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities. However, as commercial spaces are growing in the country, the market is gaining prominence.
Despite the COVID-19 challenges, Europe has been actively involved in shaping the market. These machines are the acknowledged standard for quality benchmarking in Europe, and they reflect patterns such as yarn exchange contracts, fibre and yarn quality in connection with textile machine purchases, as well as all other commercial textile transactions. Companies are improving their production and setting new objectives for adhering to these standards.
Who are the Key Manufacturers and Suppliers of Fibre Drawing Machine?
Some of the leading manufacturers and suppliers include
- NSC N. Schlumberger
- Miyazaki Machinery Systems Co., Ltd.
- TMT Machinery Inc
- Toho International Inc.
- Aiki Riotech Corporation
- Niehoff Gmbh
- Bongard Gmbh
- Oerlikon Textile Inc.
- Addas Group
- Saurer AG
- Trützschler Group
- Texdata International.
The common trends among suppliers is that they engage into contract manufacturing with system developers, component integrators and assembly solution providers. These contracts help to provide value in the supply chain and deliver greater benefits to the end-user as well as supplier. For instance, Fibers segment of Oerlikon Management AG, Pfäffikon/Switzerland, has signed contracts for 2 orders with a total of 120 spinning positions for manufacturing polyamide POY yarn with Chinese yarn manufacturers, which are also involved in erection and commissioning.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Key Segments of Fibre Drawing Machine Market
By Fibre Type:
- Polymer
- Optical
- Composite/FRP
- Textile
- Others
By Technology Type:
- Thermal Drawing
- Vapor Deposition
- Direct Melt Process
- Powder Based Process
- Pultrusion
- Others
By End-use Industry:
- Textile Industry
- Automotive Industry
- Medical Industry
- Aerospace Industry
- Others
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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