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Global Textile Machinery Market Trajectory & Analytics Report2021: Hit by Reduced Spending, Textile Industry Nose-Dives - ResearchAndMarkets.com
May 11, 2021 GMT
Consumers Turn Pessimistic Amid the Pandemic. Hit by Reduced Spending, Textile Industry Nose-Dives
Experiencing the knock-on effects from the beleaguered textile industry, global market for Textile Machinery is expected to slump by -30% in the year 2020 and thereafter recover to reach 10.9 million units by the year 2027 trailing a post COVID-19 CAGR of 9.1% over the analysis period 2020 to 2027.
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COVID-19 has come down hard on the textile & fashion industry. Between 1Q and 2Q, the industry moved swiftly from shortage of raw material supply to order cancellations. Retail sales of apparel & home furnishings worldwide are continuing to plummet in response to cutback son consumer spending as a result of rising unemplo
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Cimcorp Opens New Service Center in Germany to Accommodate Rapidly Expanding Client Base
May 5, 2021
The Willich office will provide customer support and increase the intralogistics automation company’s presence in continental Europe
GRIMSBY, Ontario, May 4, 2021 Cimcorp, a manufacturer and integrator of turnkey robotic order fulfillment and tire handling solutions, announces the opening of a sales and service center in Willich, Germany, to support new and existing customers as well as Cimcorp’s long-term growth strategy. The new office is a direct result of Cimcorp’s expanding presence in food industry distribution operations. A significant number of European grocery retailers are turning to the company’s automation solutions to address their challenges.
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The report provides an overview of the global market for AGVs and analyzes market trends. Using 2019 as the base year, the report provides estimated market data for the forecast period from 2020 through 2025. Revenue forecasts for this period are based on type, application, industry and geography. Market values have been estimated based on the total revenues of the AGV manufacturers.
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Service Robotics Market SWOT Analysis, Innovations, Emerging Trends, Key Players, Future Scope | Forecast 2028
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