The future development prospects of textile machinery industry are very broad

    As the upstream industry of textile industry, the trend of textile machinery and (textile) trade depends entirely on the prosperity of the textile industry. Textile industry is our traditional advantage industry. Textile products are also the upstream industry of textile industry. The trend of textile machinery and trade (textile) depends entirely on the prosperity of the textile industry. Textile industry is our traditional advantage industry, and textile products are also our important foreign trade products. As the main raw material of daily products such as clothing, the speed of development of textile industry will also determine the supply and demand relationship and price changes of clothing, textile machinery and other industries. The rapid development of textile industry is of vital importance to the smooth operation of China's economy and the maintenance of price stability, and plays an important role in China's economy.

    In recent years, with the rapid growth of China's economy, GDP has always maintained a high level of growth, and the textile industry has also maintained rapid growth. The proportion of total industrial output value in GDP of textile industry has also remained at a relatively high level. Before 2004, the proportion of total industrial output value in GDP of textile industry was more than 9%, then decreased slightly, but all remained at the level of more than 7%.

    Experts predict that by 2015, Asia will be one of the fastest growing markets in the world. According to product classification, parts and accessories are the largest market. From the perspective of growth potential, the growth pace of shuttle weaving machines and knitting machines will be relatively fast.