Textile machinery is the foundation for the development of the textile industry. It was first developed in developed industrial areas in Europe. Currently, high-end textile machinery manufacturers are mainly concentrated in Germany, Switzerland, Italy, Belgium, Japan and other countries. my country has become the world’s largest textile machinery manufacturer. The industry has complete product categories, complete varieties, and convenient supporting facilities. Product output accounts for more than 1/3 of global output. The gap between the overall performance of products and advanced products from Europe and Japan has gradually narrowed. Data show that in 2019, 675 textile machinery companies above designated size achieved operating income of 81.952 billion yuan, a year-on-year decrease of 7%.
▲Data source: Compiled by China Textile Machinery Association and China Commercial Industry Research Institute
