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

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.
Published 26 March 2024

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.

 

 Circular Looms

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)

 Circular Looms

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

 Circular Looms

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

 Circular Looms

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)

 Circular Looms

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.

 


About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

 

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