Automation Market in Textile Industry: Forecast of Healthy Y-o-Y Growth Rate at 1.20%

NEW YORK, July 6, 2021 /PRNewswire/ -- The Automation Market in Textile Industry report has been added to Technavio's offering. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Our client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies.

The global automation market in the textile industry is expected to grow by USD 405.99 million, according to Technavio. This marks a significant market slowdown compared to the 2020 growth estimates due to the impact of the COVID-19 pandemic. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 2%. 

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Read the 120-page report with TOC on "Automation Market in Textile Industry Analysis Report by Geography (APAC, Europe, North America, South America, and MEA), Solution (hardware, software, and services), and Component (field devices, control devices, and communication), and the Segment Forecasts,2021-2025". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales and supply functions.

The automation market in the textile industry is driven by the increasing demand for control devices and applications. In addition, the technological developments in the automation market for the textile industry is anticipated to boost the growth of the automation market in the textile industry.

More Details: https://www.technavio.com/report/automation-market-in-textile-industry-analysis

Major Five Automation in Textile Industry Companies:

• ABB Ltd.
• ATE Private Ltd.
• Danfoss AS
• Festo SE and Co. KG
• Lenze SE

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Automation Market in Textile Industry Geography Outlook (Revenue, USD mn, 2020-2025)

• APAC - size and forecast 2020-2025
• Europe - size and forecast 2020-2025
• North America - size and forecast 2020-2025
• South America - size and forecast 2020-2025
• MEA - size and forecast 2020-2025

Automation Market in Textile Industry Solution Outlook (Revenue, USD mn, 2020-2025)

• Hardware - size and forecast 2020-2025
• Software - size and forecast 2020-2025
• Services - size and forecast 2020-2025

Automation Market in Textile Industry Component Outlook (Revenue, USD mn, 2020-2025)

• Field devices - size and forecast 2020-2025
• Control devices - size and forecast 2020-2025
• Communication - size and forecast 2020-2025

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Technavio Research
Jesse Maida
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Email: media@technavio.com
Report: https://www.technavio.com/talk-to-us?report=IRTNTR44254

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SOURCE Technavio