Textile machinery refers to the general term for various mechanical equipment used in all aspects of the textile process to process natural fibers or chemical fibers into textiles. Textile machinery as an important production equipment and material basis of textile industry, its cost, quality and technology are closely related to the development of textile industry. Generally speaking, textile machinery can be divided into spinning machinery, weaving machinery, knitting machinery, dyeing and finishing machinery, nonwoven machinery, etc.

1. Industrial chain diagram

From the perspective of industry chain, the upstream of China's textile machinery industry chain mainly includes CNC machine tools, steel and bearing industries; Downstream, mainly used in clothing industry and home textile industry and other fields.

2. Downstream

Textile and garment industry is an important downstream industry of textile machinery, as the world's largest textile and garment production and export market, China's textile machinery market space is huge, improve the market share of domestic textile machinery, especially high-end textile machinery field localization rate for China's textile industry chain is of great significance. It is helpful to promote our country from textile power to textile power. According to the data of the National Bureau of Statistics, in 2021, China's garment enterprises above designated size completed 23.541 billion pieces of clothing production, an increase of 1.168 billion pieces from 2020, an increase of 5.22%. In 2022, the output of enterprises above designated size in China's garment industry will be 23.242 billion pieces, and the output will basically return to the pre-COVID-19 scale.

Textile machinery industry development status

1. Market size

Since 2022, the market operation of the three major types of knitting machinery (round machine, flat machine, warp knitting machine) has faced certain downward pressure. Data show that the market size of China's textile machinery industry dropped from 87.349 billion yuan in 2021 to 77.135 billion yuan in 2022, a year-on-year decline of 11.7%.

2. Business situation

China is currently the world's largest textile machinery market, with a large number of textile machinery manufacturing enterprises and sufficient production capacity. According to the National Bureau of Statistics, the number of enterprises above designated size in China's textile machinery industry in 2022 is 682, an increase of 9 compared with 2021; Sales revenue was 96.639 billion yuan, up 0.95% year-on-year; Assets reached 119.95 billion yuan, up 1.84% year on year; Profit was about 6.072 billion yuan, down 21.16 percent year-on-year.

Textile machinery industry competition pattern

Europe and Asia is the main research and development and production of textile machinery, Germany, Japan, Italy and Switzerland is a power in the field of textile machinery with textile machinery to high-speed, high-yield and automation direction, high-end market is monopolized by foreign enterprises, such as Germany Dornier, Switzerland Rida, Italy Savio, Japan Murata and other international well-known enterprises rely on technology, brand and other advantages. It has a leading position in the field of textile machinery. Domestic textile machinery enterprises in independent innovation, manufacturing process, product quality, brand reputation and other aspects of the overall there is still a certain gap, in the high-end textile machinery market still has a large space for development.

In 2023, China's economic and social recovery development is obviously better than expected, but the recovery foundation is not solid, and the global economic growth is not expected to be optimistic. However, the textile industry has a good industrial foundation and development resilience, the national policy support and the improvement of market demand for the industry has brought new opportunities, the ability to promote high-quality development to a new height, China's textile machinery industry is expected to maintain a steady development trend, the pace of industrial transformation and upgrading will be further accelerated. Based on the new pattern of dual-cycle development, improve the quality and level of the international cycle, while strengthening the internal power of the domestic cycle, and make long-term layout around the industries with comparative advantages in each region. In the face of uncertain international market environment and increasingly fierce competition, enterprises need to strengthen their innovation ability and market development ability, promote high-quality and differentiated development of equipment, avoid homogeneous competition, and achieve complementary development and collaborative development. The connection between the textile industry and new fields will be accelerated, low-carbon green development will usher in more opportunities, new technologies will continue to accelerate the change of the industrial chain and enterprise formats, textile machinery enterprises will strive to explore a new path of multidimensional innovation, and show greater achievements in the fields of artificial intelligence technology, green recycling, and meeting demand customization.

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