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.
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.
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 to highlight the braiding machine market growth scenario.
Braiding Machine Market Report Highlights
By Product Type
By End User Industry
By Distribution channel
Key Market Players
TapeFormers Ltd, HERZOG GmbH, Kyang Yhe Delicate Machine Co., Ltd., The Steeger USA, Alfa Flexitubes Pvt. Ltd., Cobra Braiding Machinery Ltd., Talleres Ratera, S.A., Mayer & Cie. GmbH & Co. KG, Wardwell Braiding Co., Braidwell Machines Co.