Textile machinery sector faces competition through innovation

June 27, 2008 (Italy)

The sixth edition of ACIMIT Osservatorio, the survey on the economical and financial trend of Italian manufacturers of textile machinery, was presented at the general assembly of ACIMIT, the Italian Association of Textile Machinery Manufacturers on June 24 in Milan.

The world outlook of the global textile machinery industry, outlined in the study, illustrates a rather poor pace in terms of trade. Textile machinery manufacturers from the Far East are the group which have managed to increase their market share most considerably in recent years, particularly those based in China.

In fact, in addition to representing by far the main market for the industry, China is also the world’s fifth exporter of textile machinery, right behind Germany, Japan, Italy and Switzerland. Albeit in the lower bracket of the product range, Asian machinery manufacturers have proven highly competitive, especially in Asian markets, where the demand for technologically advanced machinery is still limited.

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