April 2013, Shanghai – The ITMA ASIA + CITME combined show continues to be the unrivalled marketing platform for textile machinery manufacturers seeking to tap the China market. The fourth edition will be held from 16 to 20 June 2014 at the Shanghai New International Expo Centre, and space application is now available on the show website.
According to a forecast by Global Industry Analysts (GIA), the global market for textile machinery is poised to reach US$22.9 billion by 2017. The market is defined by a marked shift in demand from traditional machinery to more advanced technologies. Fuelled by increasing investments in textile production, the Asia Pacific region remains the greatest and fastest growing market for textile machinery.
The Chinese textile industry invested CNY779.3 billion in fixed assets in 2012. This is in line with one of the priorities under the China government’s 12th Five-Year Plan (2011 – 2015) to raise technological advancement and improvement in craftsmanship and equipment to an international level for the textile and other industry sectors. As such, the development and application of high-technology fibres and environment-friendly technologies will be the focus of China’s textile industry in the coming years.
China’s domestic demand for textiles and garments is expected to maintain a steady growth rate in view of the development of the national economy, progress in urbanisation and rising income levels. This will continue to be the main driving force for the development of the textile industry.
Mr Charles Beauduin, President of CEMATEX which owns the ITMA and ITMA ASIA exhibitions, said, “The opportunities presented by China’s huge market remain an attraction for machinery manufacturers from around the world. With rapid technological advances in the textile machinery industry, the market is seeing the emergence of more efficient machines at competitive prices.
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