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Braiding Machine Market - Global Opportunity Analysis and Industry Forecast, 2020–2027

A08048
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Jun 2021 | 125 Views
 
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COVID-19

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Braiding machine is a type of device used to knit or interweave three or more strands of a wire or  to tie them together or yarn to form a variety of material structure such as a rope-type structure, covered power cords,  to make it into a reinforced hose, and some types of lace structure. These  braiding materials are made up  of natural or synthetic yarn, leather tapes and metal wires. Due to  their braided structures it is possible to form  the layers that  move together that plays role in  in preventing crack while braiding the material. The strands of fiber are wrapped up as into a bunch of yarn by using a braiding machine. Subsequently, the two or more than two yarns are wrapped together to form another stand, which is coiled against a cylinder (bobbins) or reels. The bobbins or reels are mounted on a spool carrier, which is connected to the braiding machine to make braided yarn. Braids are not limited to one size, as it can be manufactured in various lengths, diameters, and widths. The main benefits of braiding includes a uniform distribution of weight through the braided material, which can enhance the impact resistance.

 Market scope and structure analysis:

                 Report Metric

                                              Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value ($US Millions)

  Segments covered

  Type, Distribution channel, End-user industry, and Region

  Geographies covered

North America (US and Canada), Europe (Germany, UK, France, Italy, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, and the Rest of Asia Pacific), LAMEA (Latin America, Middle East, and Africa)

  Companies covered

 

  • Mayer & Cie. GmbH & Co. KG
  • HERZOG GmbH
  • Alfa Flexitubes Pvt. Ltd.
  • Cobra Braiding Machinery Ltd.
  • The Steeger USA
  • Talleres Ratera, S.A.
  • Braidwell Machines Co.
  • Kyang Yhe Delicate Machine Co., Ltd.
  • Wardwell Braiding Co.
  • TapeFormers Ltd


 


Covid impact on industry -

COVID-19 pandemic has shut-down the production of various products in the  braiding machine  industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of  braiding machine market  significantly from last few months, as is likely to continue during 2020.

COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year.

The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.

Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.

Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19

Top impacting factors : Market Scenario Analysis, Trends, Drivers and Impact Analysis

These braiding machines have important role to play in joins wire together to make it work for proper functioning and its demand is high in market that drives and increases the chances of growth of this market. 

  • Growing industrialization and urbanization in developing and developed countries

Growing industrialization and urbanization in developing and developed countries is expected to drive the braiding machines market during the forecast period as increase in number of industries leading to development is the reason behind the  Continuous growth in automobile production is one of the important factors boosting the growth of the global braiding machines market across the globe.

  • Rise in demand for braiding machines is also due to its several features

Rise in demand for braiding machines is also due to its several features such as abrasion resistance, flexibility, and good expandability, apart from the fact that it is a flame retardant means fame resistant that is important for safety purpose . Increasing adoption of braided wires, cables, and yams in various industries such as textile, aerospace, marine, and healthcare is becoming the reason that  drives  the braiding machines market across the world  during the forecast period 2019-2027.

Key segments covered:

               Segments

                                     Sub-segments

  Product type

  • Horn gear braider
    • Maypole braider
    • Square braider
  • Wardwell Rapid Braider
  • 4Track and column braider
  • Wire braiding machines

  End User Industry

  • Textile
  • Sporting
  • Automotive
  • Medical
  • Aerospace
  • Electrical
  • Marine Sector
  • Others

  Distribution channel

  • Direct sales (OEM)
  • Indirect sales

 


 

 

Key benefits of the report:

  • This study presents the analytical depiction of the braiding machine  market along with the current trends and future estimations to determine the future of the market 
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the braiding machine market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the braiding machine market growth scenario.
 
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