Circular Looms Market Size, Share, Growth and Industry Analysis, By Type (4 Shuttle Circular Looms, 6 Shuttle Circular Looms, and 8 Shuttle Circular Looms), By Application (Food, Packaging, Chemical, Construction, And Others), Regional Forecast To 2032

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CIRCULAR LOOMS MARKET REPORT OVERVIEW

The global circular looms market size was USD 0.23 billion in 2024 and is projected to touch USD 0.32 billion by 2032, exhibiting a CAGR of 4.2% during the forecast period.

Circular looms are primarily used in the production of bags and hoses. Shuttles used in these looms move in a circular motion simultaneously. They lay weft threads within a section of the wrap thread in order to form a shed. They are also used for circular knitting. Sometimes they are installed within high-speed machines for producing modern garments.

COVID 19 IMPACT

"Decline in The Revenue of Textile Industry Impacted Market Growth"

Due to the COVID-19 pandemic, there was a decline in the revenue of the textile industry which negatively affected the market. However, post-pandemic, the unique, salient features of these looms, high efficiency, and low maintenance cost will be the major factors driving the product demand. Technologically advanced looms providing high level performance are highly sought-after worldwide.

The global COVID-19 pandemic has been unprecedented and staggering, with circular looms market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 pandemic affected the entire world and all major industries. The looms industry also experienced severe disruption the pandemic. During COVID-19, restrictions such as lockdowns and travel restrictions led to declining textile demand and sales all across the world.

Besides these factors, the textile industry faced many other problems, such as the non-availability of workers and laborers, increased prices of the raw materials, transportation problems, non-availability of skilled workers, cash flow, and reduced working capital, and reduced exports and imports. All of these factors negatively impacted the textile industry.

Since, circular loom forms an integral part of the textile industry the circular looms market was also impacted. The decrease in the number of looms, reduced workers, and the dip in the demand for textiles impacted the market during COVID-19.

LATEST TRENDS

"Technologically Advanced Circular Looms for High Performance Fabrics to Boost Market Growth"

Many creative and innovative changes are being witnessed in the circular looms market recently. New types of looms are being launched these days that have various optimized features. These looms come with the advantages of better outcomes and increased efficiency. The new looms are accompanied with an optimized 4, 6, and 8 shuttle design. Improved, modified, and extended reeds are being launched in the market that offer high efficiency and performance.

Technologically advanced circular looms can operate at a production robust speeds of up to 800-900 pics per minute. Most looms in use today feature motors that are specially designed to save energy along with frequency converters. Due to continuous technological advancement and innovation, the noise levels of looms has been drastically reduced.

CIRCULAR LOOMS MARKET SEGMENTATION

By Types

The market can be divided on the basis of type into 4 shuttle circular looms, 6 shuttle circular looms, and 8 shuttle circular looms. The 6 shuttle segment is projected to hold the dominant market share through forecast period.

By Application

Based on application, the market is segmented into food, packaging, chemicalconstruction, and others. Construction segment is expected to dominate the industry through upcoming years.

DRIVING FACTORS

"Unique Features of Circular Looms to Propel the Market Growth"

These looms have certain unique features which act as one of the major driving factors for the circular looms market growth. Excellent weaving quality, lower maintenance, lower energy consumption, lower wastage, and higher operating efficiencies are some of the prime features and characteristics driving the adoption of these looms.

Advanced loom technologies such as automatic looms are becoming a key emerging trend in the market. These products incorporate methods such as rapier and gripper and give greater productivity in the multiple color weft insertion.

"Low Maintenance and High Efficiency to Propel Market Growth "

The looms are characterized with high effectiveness, efficiency, and low maintenance. This feature is leading to heavy adoption in various applications, increasing the circular looms market share. Along with this, the equipment has many other desirable qualities such as providing improved fabric quality with the benefit of high refund and low investment.

The improved shedding system in these looms are built to reduce the maintenance cost of the spares. The conventional shedding systems are now replaced by the nylon belt with the help of hook heald wire. Magnetic cloth winders are also used to generate higher cloth winding capacity. Owing to these factors, circular looms are projected to witness robust adoption during the forecast period.

RESTRAINING FACTOR

"Increasing Yarn Prices and Non-Availability of Skilled Workers to Affect the Market Growth"

Skilled workers and raw materials such as yarn form an integral part of the loom industry. However, the yarn prices are increasing day by day, negatively impacting the loom market. Along with the increasing price of yarn and other raw materials the manufacturers are also burdened with the heavy taxes. The cost of power and electricity is also skyrocketing, becoming a hindrance for the market growth.

Non-availability of skilled workers is still a problem, even after the COVID-19 pandemic. Without laborers it is extremely difficult to run the circular loom market. Skilled workers are not easily available these days and sometimes charge higher wages, which could impact the industry dynamics to some extent.

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CIRCULAR LOOMS MARKET REGIONAL INSIGHTS

The country that dominates the market is China. It is seen that China occupied the largest market share compared to others with almost a share greater than one-third back in the year 2019. The same continues and China still predominately dominates the industry. India follows China as the next largest market player with almost one-fourth of the market share.

Other regions are observed to have comparatively lesser market shares. Apart from being the world’s largest textile producer and having an upper hand the loom in market, China is the top exporter of the raw materials and textiles globally. China also has the highest output in the global market share covering almost more than half of the market leaving very little for the other countries.

KEY INDUSTRY PLAYERS

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Top Circular Looms Companies

• Starlinger (Austria)
• Lohia Group (India)
• Yongming Machinery (China)
• Windmöller & Hölscher (Germany)
• PHYLLIS (U.S.)
• Hengli Machinery (China)
• Mandals Technology (India)
• SANLONG (Japan)
• JAIKO INDUSTRIES (Japan)
• Yanfeng Group (China)
• Dong-Shiuan Enterprise (China)
• ATA Group (U.S.)
• Hao Yu Precision Machinery (China)
• Garter Mechanical Engineering (Taiwan)

REPORT COVERAGE

The report provides an insight into the circular looms industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations