Textile Machinery Market Size to Reach USD 41.2 billion by 2031, Thriving at a CAGR of 5.3%: Transparency Market Research, Inc. [Yahoo! Finance]
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Source: Yahoo! Finance
Wilmington, Delaware, United States, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global textile machinery market is estimated to flourish at a CAGR of 5.3% from 2023 to 2031. Transparency Market Research projects that the overall sales revenue for textile machinery is estimated to reach US$ 41.2 billion by the end of 2031. Increasing awareness of environmental sustainability prompts textile manufacturers to adopt circular economy principles, driving demand for machinery capable of recycling and upcycling textile waste into new products. The integration of digital twin technology allows manufacturers to create virtual replicas of textile machinery, facilitating predictive maintenance, performance optimization, and real-time monitoring, thereby reducing downtime and enhancing operational efficiency. Download sample PDF copy of report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=85433 The implementation of blockchain t
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