Loom Market Size, Share, Growth, and Industry Analysis, By Type (Air Jet Loom, Water Jet Loom, Rapier and Projectile Loom), By Application (Natural Fibers Industry, and Chemical Fiber Industry), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

 Loom Market Report Overview

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The global loom market size is estimated to be USD 5249.5 million in 2022 and is projected to touch USD 9732.39 million by 2031, exhibiting a CAGR of 7.1% during the forecasting period.

The tool used to weave cloth and tapestries is called a loom. Its primary function is to maintain tension on the warp threads in order to make it easier for the weft threads to interlace. The mechanics and exact shape of the equipment can change, but its fundamental purpose always remains the same. The process of weaving involves connecting the longitudinal threads, or warp, with the transverse threads, or weft, or "that which is woven". The warp beam, heddles, harnesses, or shafts (as little as two, four are typical, and sixteen are not uncommon), shuttle, reed, and take up roll are the main parts of this machinery. Shedding, plucking, battening, and taking-up activities are all parts of the yarn processing process.

 The simple frame, pit, free-standing, and pegged are a few further varieties of hand looms. Each of these can be built, generating employment and money in underdeveloped nations. A clay dish from ancient Egypt, dating to 4400 BC, contains the oldest indication of a horizontal one. It was a frame type with foot pedals to raise the warp threads so the weaver could pass and beat the weft thread with free hands. They represent cosmic creation and the framework on which each person's destiny is weaved. The ancient narrative of Arachne, who was turned into a spider by the goddess Athena because she was envious of her talent at the godlike craft of weaving, perfectly captures this symbolism. The goddess Ixchel gave the first woman in Maya society instruction in weaving at the dawn of time.

COVID-19 Impact: Governmental restrictions brought on by the pandemic to impede market expansion

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

Manufacturers of this machinery are not exempt from the effects of the COVID-19 outbreak on the manufacturing industry. Many have seen substantial interruptions in their supply chains and manufacturing, and many of their clients are also having operational issues. The issue has significantly strained the world's supply chains, making it more difficult to get goods. The manufacturing plant was shut down for a lengthy time as a result of the ongoing lockdown and government limitations, which had a negative impact on the market's performance and sales. Manufacturers had to place a strong emphasis on building robust supply networks to reduce the possibility that tragedies would disrupt them in the future. In order to maintain production levels and reduce risk, manufacturers increased their investment in IT infrastructure and automation technology.

LATEST TRENDS

"Efficiency of Projectile Model to Spur Market Growth "

A projectile is used in projectile machinery, which are driven across the shed—typically by spring force—and are guided over the breadth of the cloth by a grid of reeds. The projectile is then taken out of the weft fibre and placed back on the other side of the machine for reuse. The number of projectiles being used multiplies the pick speed. These machines have top speeds of up to 1,050 ppm. These are faster and efficient than others and therefore contribute to the loom market growth.

Loom Market Segmentation

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• By Type

Based on type; the market is divided into air jet, water jet, rapier and projectile.

In terms of product, air jet is the largest segment.

• By Application

Based on application; the market is divided into natural fibers industry, and chemical fiber industry.

In terms of application, chemical fiber industry is the largest segment.

DRIVING FACTORS

"Increased Employment Opportunities to Enhance Market Expansion"

The business has historically been a promising industry with significant employment. The loom market is the second-largest employer after agriculture. Raw resources are in plentiful supply, and the market is successful in part because of the ongoing availability of cheap labour. The company's culture has always emphasised innovation, quality, performance, and customer service, which has motivated generations of workers to create ever-better machinery and provide ever-better customer service. These are the prime reasons for the growth of the market.

"Cost Effectiveness of Air-Jet Loom to Plunge Market Growth"

The air-jet loom is the best choice for producing bulk fabrics in a variety of styles at a low cost. Both spun (natural, synthetic, or blended) yarns and continuous filament yarns can be used on an air-jet one. Because they provide a high propulsive power, textured yarns are particularly well suited for air-jet weaving. However, due to the minimal air-to-yarn friction caused by the monofilament yarn's smooth surface, it is not recommended for air-jet weaving. On air-jet weaving machines, a broad variety of materials, including gauze, dense, heavy cotton, patterned dress fabrics, and ribbon fabrics, can be woven. Production of delicate glass fabric is also a good fit for air-jet weaving. Tire cord production with tuck-in selvage in plain weave is done using air-jet weaving machines that are especially suited for the job.

RESTRAINING FACTORS

"Trade Liberalisation to Hinder Market Growth"

Trade liberalisation on a global scale and domestic economic reforms have had a negative impact on the market. Today, shoppers choose machine-made or trendy clothing that is in no way traditional, and weaving has fallen out of style. The growth of the loom market has been negatively impacted by this new trend of apparel that is manufactured.

Loom Market Regional Insights

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"China to Dominate the Market Due to Large Number of Factories"

China owns largest proportion of loom market share due to its rapidly expanding textile industry; China has emerged as the most advantageous location to establish weaving machinery factories. There are perhaps six to seven well-known producers of weaving equipment worldwide, and the majority of them have bases in China. The Chinese manufacturers of this machinery can benefit greatly from exporting their products.

KEY INDUSTRY PLAYERS

"New Market Players to Boost Market Growth"

This thorough research provides a thorough analysis of the market. The major market participants are listed in this section of the study. This section explains how market participants cooperate and employ strategies to combat competition. The reader will be able to recognise the footprints and manufacturers by looking at the global revenue of all manufacturers for the forecast period. This Advanced research offers a thorough analysis of the market, including development patterns, planned aspects, expanding prospects, risks/challenges, and landscape investigation. It also addresses the factors that have led to new market entrants in light of the adjustments made in this industry. The above data points provided are only related to the companies' focus related to the market.

List of Market Players Profiled

• Picanol (Belgium)
• Itema Group (Italy)
• Van de Wiele (Belgium)
• Dornier (Germany)
• RIFA (Sweden)
• Tsudakoma (Japan)
• Toyota (Japan)
• Jingwei Textile Machinery (China)
• Haijia Machinery (China)
• Tianyi Red Flag (China)

REPORT COVERAGE

The report examines market channels of the market and provides information on the elements affecting probable future global development. Additionally, the report looks at market size and share, regional trends, end-use categories, and market segments. It emphasises the importance of outlining an exhaustive regional analysis. The Global study also carried out a sector analysis to comprehend the key driving factors and entry barriers of the market. The paper also offers suggestions on how businesses might strengthen their market positions in light of significant alterations in the market dynamics.