Circular Looms Industry Analysis: the global market size is projected to grow from USD xx billion in 2023 to USD xx million by 2030

A circular loom is a loom in which several shuttles move simultaneously in a circle, laying weft threads in a section of warp thread, forming a shed. They are used in the production of hoses and bags.

According to the new market research report "Circular Looms - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Circular Looms market size is projected to grow from USD xx billion in 2023 to USD xx million by 2030, at a CAGR of xx% during the forecast period.

• Global Circular Looms MarketSize(US$ Million), 2019-2030

Source: QYResearch, "Circular Looms - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

• Global Circular Looms Top14Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

Source: QYResearch, "Circular Looms - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

According to QYResearch Top Players Research Center, the global key manufacturers of Circular Looms include Starlinger, Lohia Group, Yongming Machinery, Windmöller & Hölscher, PHYLLIS, Hengli Machinery, Mandals Technology, SANLONG, JAIKO INDUSTRIES, Yanfeng Group, etc. In 2023, the global top five players had a share approximately 32.0% in terms of revenue.

• Circular Looms,Global Market Size, Split by Product Segment

Source: QYResearch, "Circular Looms - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

In terms of product type, currently 8 Shuttles Circular Looms is the largest segment, hold a share of 31.6%.

• Circular Looms,Global Market Size, Split by ApplicationSegment

Source: QYResearch, "Circular Looms - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

In terms of product application, currently Construction is the largest segment, hold a share of 42.1%.

• Circular Looms,Global Market Size, Split by Region (Production)

Source: QYResearch, "Circular Looms - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

Market Drivers:

The growing population and urbanization, along with the need to meet the rising industrial and commercial packaging demands are driving the growth of the circular looms market. These looms are essential for producing various packaging materials such as woven bags, sacks, fabrics, and meshes.

Restraint:

Circular looms face competition from other packaging solutions such as flexible packaging, paper-based packaging, packaging made from biodegradable materials. These alternative solutions are sometimes more cost-effective or offer different properties, which can limit the demand for circular looms in the market.

Opportunity:

Circular looms are traditionally used in the packaging industry, but there is an opportunity to expand their application into other industries such as automotive, construction, and healthcare, where reliable and efficient packaging solutions are also needed.

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