April 15, 2021
Despite a difficult business climate created by the pandemic, spinning technology companies continue to innovate.
TW Special Report
Spinning operations still thrive in the United States, in part, because the process lends itself well to automation therefore making competition from low-cost labor markets less of an issue compared to some other more labor-intensive steps in the textile processing chain
TW, this issue).
According to the new “Spinning Machines – Global Market Trajectory & Analytics” report from Dublin-based market research company Research and Markets, for the 2020-2027 period, the global market for spinning machines is predicted to grow from $5 billion to $7.3 billion at a 5.5 percent compound annual growth rate. In the United States, the value of the spinning machine market in 2020 is estimated at $1.4 billion.