China occupies an increasingly important position in the manufacturing and sales of global textile machinery

Textile machinery refers to the various mechanical equipment needed to process natural fibers or chemical fibers into textiles in all aspects of the textile process.

Textile machinery refers to the various mechanical equipment needed to process natural fibers or chemical fibers into textiles in all aspects of the textile process. The textile machinery industry is a basic industry that provides technical equipment for the development of the textile industry, an important guarantee for industrial upgrading and technological progress in the textile industry, and a concentrated expression of the comprehensive strength and technical level of the textile industry.

The global textile machinery research and development and production are mainly concentrated in Europe and Asia. Germany, Japan, Italy, Switzerland and other countries are traditional powerhouses in the development of textile machinery. China occupies an increasingly important position in the manufacturing and sales of global textile machinery.

China is the world's largest producer and exporter of textiles and garments. The textile industry is a pillar industry of China's national economy and an important civilian production industry. It plays an important role in prospering the market, expanding exports, absorbing employment, increasing farmers' income, and promoting the development of urbanization.

Textile machinery is the focus of China's textile industry restructuring and industrial upgrading, and an industry that is supported and encouraged by the state. The textile industry is an important part of China's national economy pillar industries, important civilian production industries, industries with obvious international competitive advantages, and strategic emerging industries. Building a strong textile country is inseparable from the basic capacity building of the textile industry. Textile machinery has a significant effect on improving production efficiency, saving resources and reducing emissions. The development of the textile industry has driven the development of China's textile machinery industry.

Although China's textile machinery industry has achieved great development, there is still a certain gap in the field of high-end textile machinery manufacturing compared with the international advanced level. Compared with the traditional powerhouses of textile machinery such as Germany, Italy, and Switzerland, China’s textile machinery industry still has shortcomings in automation, continuity, informatization and intelligence, as well as the reliability and stability of the whole machine. The machinery market still occupies a major position.

The development of the textile machinery industry is closely related to the prosperity of the textile industry. Textiles are the basic needs of mankind. In the long run, population growth and per capita fiber consumption will promote the development of the textile industry for a long time, thereby increasing the demand for textile machinery and equipment. According to statistics, the global per capita fiber consumption has increased from about 7.50 kg in 1970 to 13.30 kg in 2015. It is estimated that the per capita annual fiber consumption in 2050 will be about 26.90 kg, and the total global fiber consumption will increase to 257 million tons. The average growth rate is about 3.00%.

From a regional perspective, the current per capita fiber consumption of developing countries is much lower than that of developed countries in Europe and America. With the growth of per capita income and the upgrading of consumer demand, developing countries represented by China, India, and Southeast Asia will become the main force of fiber consumption growth in the future. .

The current per capita fiber consumption of developing countries is much lower than that of developed countries in Europe and America. With the growth of per capita income and the upgrading of consumer demand, developing countries represented by China, India, and Southeast Asia will become the main force of fiber consumption growth in the future.

At present, China's textile machinery is mainly exported to India, Bangladesh, Vietnam and other countries. Southeast Asian countries have a large population, with a per capita GDP of between US$1,000 and US$3,500. The rapid development of the local textile industry has brought about a large number of upgrades and new demands for textile machinery; at the same time, domestic machines are more cost-effective than textile machinery in other countries or regions. The company's products have competitive advantages, thus providing a broad market space for the export of China's textile machinery industry.