Braiding Machine Market – Global Industry Analysis and Forecast (2023-2029)

Global Braiding Machine Market size was valued at US$ 533.2 Mn. in 2022 and the total Braiding Machine revenue is expected to grow by 2.3% from 2023 to 2029, reaching nearly US$ 625.30 Mn.
Braiding Machine Market Overview:
A braiding machine is a device that interlaces three or more threads of fabric or wiring to produce a wide range of materials such as rope, a stronger hose, coated power wires, and various forms of stitching. Natural and synthetic fibers, metal cords, leather tapes, and other components are used in braiding. The report explores the Braiding Machine market's segments (Product Type, End-Use Industry, and Region).

Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2022. The report investigates the Braiding Machine market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Braiding Machine market's contemporary competitive scenario.To know about the Research Methodology:- Request Free Sample Report
Braiding Machine Market Dynamics:
The continuous growth of the fashion industry is expected to be a major driver in the market growth.

In terms of demand, younger demographics such as Gen-Z and richer customers from middle-income classes and above are expected to have the biggest appetite for leisure spending (including fashion, eating out, tourism, recreation, gadgets, and so on) through 2022 and beyond. One of the top 3 groups in which they attempt to spend or pamper themselves in fashion. The Chinese fashion sector, which includes both luxurious and non-luxury categories, has already returned to pre-pandemic levels of sales.

The fashion industry is based on a complex web of international supply lines that are under unprecedented strain and change. With logistical bottlenecks, soaring shipment costs, and a variety of scarcities introducing additional layers of complexity, businesses must reconsider their procurement strategy while incorporating cutting-edge supply chain operations and incorporating maximum flexibility to keep products moving in line with customer demand.

The limitations associated with braiding processes are expected to be a major restraint in the overall market growth.

Though the braiding process is very versatile, certain fundamental restrictions must be considered. Some are associated with the process itself, others with the material used others with the layout of the component, and yet more with the special demands and criteria for material qualities and homogeneity. The preliminary rewinding of the yarns to the braided bobbins influences the durability of the braiding process as well as the eventual grade of the braid. When taken off the spool, distended filaments that have been damaged during rewinding might break from the yarn and create a fibrous band, resulting in increased strain on the compromised yarn. This phenomenon first generates holes in the braid structure; subsequently, it might break the yarn and a damaged braiding yarn disrupts the operation and necessitates machine downtime to repair the problem.

The advantages of modern braiding technologies are expected to be a major opportunity in the braiding machine market.

To facilitate operations, computerized high-speed braiding machines are often outfitted with programmable logic controllers, continuous calibration, and motor-driven thread feeders. High-speed braiding equipment saves money on labor, power, and time as compared to standard braiding machines. Advantages include:

The braiding techniques allow for the automated fabrication of near-net-shaped fiber preforms.

It enables an automated production system, lowering costs.

This allows for the optimization of impact qualities by rearranging the braid layers in which braiding patterns are created.

It permits the construction of a fiber and resin hybrid structure, which improves impact qualities.
Braiding Machine Market Segment Analysis:
By Product Type, the Horn Gear Braider segment is expected to grow at a CAGR of 3.4% in the forecast period. Despite the seeming complexity of the bobbin rotation, these devices are structurally simple and strong. Current models are dependable and can run for many hours, if not days, without human intervention. This allows manufacturers with hundreds of devices to be supervised by a small number of employees, lowering labor costs and making goods affordable and profits greater.

These sophisticated machines contain electronic controls as well as automation technologies. Although strands, cables, and fishing lines are still the primary products of most braiding enterprises, there are a variety of additional items available, e.g. webbing, network shielding, and automobile components such as strengthened brake lines.

Maypole braiders, commonly known as circular braiders, are horn gear braiders that are used to make hollow section braids. The movement and arrangement of the fibers are similar to those of ribbons used to cover a maypole. They are ideally adapted to being powered by steam engines and electric motors. This sort of braiding is used to manufacture encased power wires and fiber-reinforced pipes by braiding a sheath over a cord as it is dragged through the center of the machine. This equipment is also used to stitch fibers e.g. carbon fibers onto a hollow substrate to make high-performance composite products, e.g. bike frames and sailboat masts.
Regional Insights:
By the conclusion of the forecast period, the APAC region is likely to lead the braiding machine market. The growth is related to increased expenditures in the fashion industry, as well as a growing population, primarily in China, which is likely to drive market growth in this area. In addition, rising urbanization and fast industrialization in India and China would drive product demand in the future years.

The United States and Canada are projected to witness rapid growth in the Braiding Machines market throughout the forecast period. The United States has a significant market for braided yarn goods across a wide range of end-use industries. Wires and cables are increasingly being used in the electrical and aeronautical sectors in the country.

The growing automotive industry, as well as other industries such as medical and sports in European nations, are likely to increase product demand in the next years. As a result, the regional market is anticipated to grow at a rapid pace throughout the forecast period. The COVID-19 disaster has significantly impacted European countries, with one of the primary difficulties for companies being the closure of product manufacturing and sales, culminating in disturbance of the supply chain network. However, the severity of the impact experienced in 2022 is anticipated to alleviate in the forecast period when PPE-based businesses would incorporate machines to improve output.

The objective of the report is to present a comprehensive analysis of the Braiding Machine market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Braiding Machine market dynamics, and structure by analyzing the market segments and projecting the Braiding Machine market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Braiding Machine market make the report investor’s guide.
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Braiding Machine Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 533.2 Mn.


Forecast Period 2023 to 2029 CAGR:
2.3%
Market Size in 2029:
US $ 625.3 Mn.


 Segments Covered:
by Product
Horn Gear Braider
Wardwell Rapid Braider
4Track and Column Braider
Wire Braiding Machines


by End Use Industry
Textile
Sporting
Aerospace
Medical
Automotive
Other


by Distribution Channel
Direct Sales(OEM)
Indirect Sales



Braiding Machine Market, by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Key Players are:
1.Mayer & Cie. GmbH & Co. KG
2.HERZOG GmbH
3.Alfa Flexitubes Pvt. Ltd.
4.Cobra Braiding Machinery Ltd.
5.The Steeger USA
6.Talleres Ratera, S.A.
7.Braidwell Machines Co.
8.Kyang Yhe Delicate Machine Co., Ltd.
9.Wardwell Braiding Co.
10.TapeFormers Ltd
11.OMEC S.r.l.
12.Spirka Schnellflechter GmbH
13.Fletcher Industries & Fletcher International
14.Susmatex Machinery
15.Srichand Engineering & Moulding Co.
FAQs:
1. Which is the potential market for the Braiding Machine in terms of the region?
Ans. APAC is the potential market for the Braiding Machine in terms of the region.

2. What are the opportunities for new market entrants?
Ans. The advantages of modern braiding technologies are expected to be a major opportunity in the braiding machine market.

3. What is expected to drive the growth of the Braiding Machine market in the forecast period?
Ans. The continuous growth of the fashion industry is expected to be a major driver in the market growth.

4. What is the projected market size & growth rate of the Braiding Machine Market?
Ans. The Braiding Machine Market size was valued at US$ 533.2 Mn. in 2022 and the total Braiding Machine revenue is expected to grow by 2.3% from 2023 to 2029, reaching nearly US$ 625.30 Mn.

5. What segments are covered in the Braiding Machine Market report?
Ans. The segments covered are Product Type, End-Use Industry, Distribution Channel  and Region.