According to the "China Textile Machinery Industry Research and Investment Prospects Forecast Report (2019 Edition)" published by Limu Information Consulting, from a global perspective, the development and production of textile machinery is mainly concentrated in Europe and Asia. Europe's textile machinery level has always been in a leading position, mainly in Switzerland, Italy, France, Germany and other countries. The Asian market is mainly dominated by Japan, China, India, South Korea and other countries. Among them, Japan's textile machinery is at the leading level, but China also plays an increasingly important role in the production and sales of global textile machinery.
From 2012 to 2016, the growth rate of the main business income of the textile machinery industry dropped from 5.54% in 2012 to 0.51% in 2016. The textile industry recovered in the third quarter of 2016, and the overall recovery began in 2017, which led to the upstream. The textile machinery industry has significantly recovered. In 2017, China's textile machinery industry achieved a main business income of 119.927 billion yuan, a year-on-year increase of 9.64%; total profit was 8.363 billion yuan, an increase of 23.11%.
Since 2018, the textile machinery industry has continued to promote smart manufacturing, adjust and optimize the industrial structure, with the further release of textile machinery domestic market equipment, the further release of upgrading demand and the steady advancement of the “Belt and Road” initiative in the international market, textiles in the first half of 2018 The machinery industry continued its growth trend since the second half of 2017, and the main economic indicators maintained growth, achieving a smooth operation of the industry. In the first half of 2018, the textile machinery industry achieved a main business income of 55.626 billion yuan, a year-on-year increase of 16.02%; total profit was 3.181 billion yuan, an increase of 19.56%.
With the structural adjustment of the textile machinery industry and the improvement of product technology level, as well as the prosperity of the downstream textile industry and the stability of the textile domestic and foreign markets, while controlling the growth rate of costs and expenses, the industry's profit level has improved.
China's textile machinery is mainly exported to India, Indonesia, Vietnam, Bangladesh, the United States, and exports to the above countries account for 50.56% of the total exports. Indonesia, Vietnam, Bangladesh and other Southeast Asian countries have a large population. These countries have listed the textile and garment industry as the focus of their industrial development. Therefore, the demand for textile machinery and equipment in these countries is also very strong. A large number of textile machinery needs to be upgraded, especially Some countries with relatively backward industrial bases have become the main source of textile equipment by importing from other countries. China's textile machinery and equipment has a strong competitive advantage over local enterprises in these countries in terms of cost performance and after-sales service, thus providing a broad market space for the future export of China's textile machinery industry.