Portable Yarn Tension Meter Market
Portable Yarn Tension Meter Market Forecasts to 2030 - Global Analysis By Product Type (Digital Yarn Tension Meters, Electronic Yarn Tension Meters, Mechanical Yarn Tension Meters and Other Product Types), Sales Channel and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $1.5 BN |
|
Projected Year Value (2030) |
US $2.7 BN |
|
CAGR (2023 - 2030) |
8.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Portable Yarn Tension Meter Market is accounted for $1.5 billion in 2023 and is expected to reach $2.7 billion by 2030 growing at a CAGR of 8.5% during the forecast period. A portable yarn tension meter is a specialized device designed to measure the tension in yarns and threads across various textile and industrial applications. It plays a crucial role in ensuring the quality and consistency of yarn during the manufacturing process. This handheld instrument provides a convenient and portable solution for monitoring and adjusting tension levels in real-time, enabling users to optimize production efficiency and product quality.
Market Dynamics:
Driver:
Increasing emphasis on quality control and production efficiency
In contemporary manufacturing, particularly in the textile industry, ensuring consistent and high-quality output is paramount. Portable yarn tension meters play a crucial role in meeting this demand by offering real-time monitoring and control of yarn tension during production processes. The ability to precisely measure and adjust tension levels enables manufacturers to identify and rectify issues promptly, preventing defects, breakages, and uneven textures in the final product. Additionally, as industries increasingly prioritize quality assurance, the adoption of portable tension meters becomes imperative to streamline production processes and enhance overall efficiency.
Restraint:
Cost considerations
While these devices offer valuable benefits in terms of quality control and production efficiency, the initial investment required for high-quality portable tension meters can be a significant barrier. Manufacturers, especially smaller enterprises with limited budgets, may find it challenging to justify the upfront costs associated with acquiring and implementing these advanced devices. However, the expense involves not only the purchase of the portable tension meters but also potential additional costs for training personnel and integrating the technology into existing production processes.
Opportunity:
Growing demand for precision and accuracy
In industries such as textiles, knitting, and weaving, where the quality of the final product is paramount, precise control over yarn tension is essential. Portable yarn tension meters address this demand by providing a reliable means to measure and manage tension levels with accuracy. Additionally, manufacturers increasingly recognize the critical role that precise tension control plays in preventing issues like yarn breakage, snarls, and irregularities, thereby ensuring the production of high-quality textiles.
Threat:
Lack of awareness
Despite the clear advantages these devices offer in terms of enhancing quality control and production efficiency, a significant portion of potential users may remain uninformed about their benefits. This lack of awareness can impede market growth as manufacturers may not recognize the value that portable tension meters bring to optimizing yarn tension in real-time. The absence of understanding about how these devices contribute to reducing defects, preventing breakages, and improving overall product quality may result in slower adoption rates.
Covid-19 Impact:
The global economic downturn led to a slowdown in manufacturing activities across various industries, including textiles and related sectors where these tension meters find application. With many businesses temporarily shutting down or operating at reduced capacities, investments in new technologies, such as portable yarn tension meters, were often deferred. However, logistical challenges and restrictions on movement affected the production and distribution of these devices.
The digital yarn tension meters segment is expected to be the largest during the forecast period
Digital Yarn Tension Meters segment dominated the largest share due to its advanced features and technological capabilities. Digital tension meters offer precise and real-time monitoring of yarn tension, providing manufacturers with detailed and accurate data for immediate adjustments. The digital aspect allows for more sophisticated analytics and integration with other digital systems, enhancing overall production efficiency. Additionally, these meters often come equipped with user-friendly interfaces and data storage capabilities, facilitating easy retrieval and analysis of tension data.
The direct sales segment is expected to have the highest CAGR during the forecast period
Direct Sales segment is expected to hold profitable growth. Direct sales enable companies to establish a closer relationship with clients, allowing for personalized interactions and a better understanding of customer needs. This direct engagement is particularly crucial in the market, where specialized technical knowledge and tailored solutions are often required. Manufacturers can provide comprehensive demonstrations, training, and customer support, fostering trust and confidence in the adoption of these precision instruments.
Region with largest share:
Asia Pacific region dominated the largest share due to the region's robust textile and manufacturing industry, experiencing rapid growth and technological advancement. As countries like China, India, and Japan continue to dominate global textile production, there is an increasing awareness of the importance of precise yarn tension control for improving product quality. Additionally, the region's expanding industrial landscape, coupled with a rising emphasis on automation and quality assurance, has led to a heightened demand for portable tension meters.
Region with highest CAGR:
Europe region is expected to hold lucrative growth due to its commitment to technological innovation and the advancement of manufacturing practices. The region's well-established textile and industrial sectors, particularly in countries like Germany and Italy, are increasingly recognizing the importance of precision in yarn tension for optimizing production processes. Moreover, regions stringent quality standards and a growing focus on automation to ensure product consistency have propelled the demand for portable tension meters.
Key players in the market
Some of the key players in Portable Yarn Tension Meter market include Cambridge Sensotec Ltd, Dover Flexo Electronics, Inc, Ducati Energia S.p.A, FMS Technology (Germany) GmbH, Halliburton Energy Services, Inc, Hottinger Baldwin Messtechnik GmbH, JUNWON Industry Co., Ltd, Montalvo Corporation, Nexia Denmark A/S, Oxygen Analyser and Gas Detector Technologies, Proton Products International Ltd. and Sensors & Systems Industrial Solutions Pvt Ltd.
Key Developments:
In November 2021, Kognitiv Corporation, a global leader in the rapidly expanding market for collaborative commerce, announces the appointment of Al Montalvo as EVP of Global Business Development effective immediately. Montalvo joins the Canadian-headquartered B2B technology company following a progressive career of leadership positions developing and executing complex strategic alliances and growth opportunities with Fortune 500 companies in diverse industries, including consumer packaged goods, beauty, retail, entertainment, and hospitality.
Product Types Covered:
• Digital Yarn Tension Meters
• Electronic Yarn Tension Meters
• Mechanical Yarn Tension Meters
• Other Product Types
Sales Channels Covered:
• Distributors and Resellers
• Direct Sales
• Other Sales Channels
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Portable Yarn Tension Meter Market, By Product Type
5.1 Introduction
5.2 Digital Yarn Tension Meters
5.3 Electronic Yarn Tension Meters
5.4 Mechanical Yarn Tension Meters
5.5 Other Product Types
6 Global Portable Yarn Tension Meter Market, By Sales Channel
6.1 Introduction
6.2 Distributors and Resellers
6.3 Direct Sales
6.4 Other Sales Channels
7 Global Portable Yarn Tension Meter Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Cambridge Sensotec Ltd
9.2 Dover Flexo Electronics, Inc
9.3 Ducati Energia S.p.A
9.4 FMS Technology (Germany) GmbH
9.5 Halliburton Energy Services, Inc
9.6 Hottinger Baldwin Messtechnik GmbH
9.7 JUNWON Industry Co., Ltd
9.8 Montalvo Corporation
9.9 Nexia Denmark A/S
9.10 Oxygen Analyser and Gas Detector Technologies
9.11 Proton Products International Ltd.
9.12 Sensors & Systems Industrial Solutions Pvt Ltd
List of Tables
1 Global Portable Yarn Tension Meter Market Outlook, By Region (2021-2030) ($MN)
2 Global Portable Yarn Tension Meter Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Portable Yarn Tension Meter Market Outlook, By Digital Yarn Tension Meters (2021-2030) ($MN)
4 Global Portable Yarn Tension Meter Market Outlook, By Electronic Yarn Tension Meters (2021-2030) ($MN)
5 Global Portable Yarn Tension Meter Market Outlook, By Mechanical Yarn Tension Meters (2021-2030) ($MN)
6 Global Portable Yarn Tension Meter Market Outlook, By Other Product Types (2021-2030) ($MN)
7 Global Portable Yarn Tension Meter Market Outlook, By Sales Channel (2021-2030) ($MN)
8 Global Portable Yarn Tension Meter Market Outlook, By Distributors and Resellers (2021-2030) ($MN)
9 Global Portable Yarn Tension Meter Market Outlook, By Direct Sales (2021-2030) ($MN)
10 Global Portable Yarn Tension Meter Market Outlook, By Other Sales Channels (2021-2030) ($MN)
11 North America Portable Yarn Tension Meter Market Outlook, By Country (2021-2030) ($MN)
12 North America Portable Yarn Tension Meter Market Outlook, By Product Type (2021-2030) ($MN)
13 North America Portable Yarn Tension Meter Market Outlook, By Digital Yarn Tension Meters (2021-2030) ($MN)
14 North America Portable Yarn Tension Meter Market Outlook, By Electronic Yarn Tension Meters (2021-2030) ($MN)
15 North America Portable Yarn Tension Meter Market Outlook, By Mechanical Yarn Tension Meters (2021-2030) ($MN)
16 North America Portable Yarn Tension Meter Market Outlook, By Other Product Types (2021-2030) ($MN)
17 North America Portable Yarn Tension Meter Market Outlook, By Sales Channel (2021-2030) ($MN)
18 North America Portable Yarn Tension Meter Market Outlook, By Distributors and Resellers (2021-2030) ($MN)
19 North America Portable Yarn Tension Meter Market Outlook, By Direct Sales (2021-2030) ($MN)
20 North America Portable Yarn Tension Meter Market Outlook, By Other Sales Channels (2021-2030) ($MN)
21 Europe Portable Yarn Tension Meter Market Outlook, By Country (2021-2030) ($MN)
22 Europe Portable Yarn Tension Meter Market Outlook, By Product Type (2021-2030) ($MN)
23 Europe Portable Yarn Tension Meter Market Outlook, By Digital Yarn Tension Meters (2021-2030) ($MN)
24 Europe Portable Yarn Tension Meter Market Outlook, By Electronic Yarn Tension Meters (2021-2030) ($MN)
25 Europe Portable Yarn Tension Meter Market Outlook, By Mechanical Yarn Tension Meters (2021-2030) ($MN)
26 Europe Portable Yarn Tension Meter Market Outlook, By Other Product Types (2021-2030) ($MN)
27 Europe Portable Yarn Tension Meter Market Outlook, By Sales Channel (2021-2030) ($MN)
28 Europe Portable Yarn Tension Meter Market Outlook, By Distributors and Resellers (2021-2030) ($MN)
29 Europe Portable Yarn Tension Meter Market Outlook, By Direct Sales (2021-2030) ($MN)
30 Europe Portable Yarn Tension Meter Market Outlook, By Other Sales Channels (2021-2030) ($MN)
31 Asia Pacific Portable Yarn Tension Meter Market Outlook, By Country (2021-2030) ($MN)
32 Asia Pacific Portable Yarn Tension Meter Market Outlook, By Product Type (2021-2030) ($MN)
33 Asia Pacific Portable Yarn Tension Meter Market Outlook, By Digital Yarn Tension Meters (2021-2030) ($MN)
34 Asia Pacific Portable Yarn Tension Meter Market Outlook, By Electronic Yarn Tension Meters (2021-2030) ($MN)
35 Asia Pacific Portable Yarn Tension Meter Market Outlook, By Mechanical Yarn Tension Meters (2021-2030) ($MN)
36 Asia Pacific Portable Yarn Tension Meter Market Outlook, By Other Product Types (2021-2030) ($MN)
37 Asia Pacific Portable Yarn Tension Meter Market Outlook, By Sales Channel (2021-2030) ($MN)
38 Asia Pacific Portable Yarn Tension Meter Market Outlook, By Distributors and Resellers (2021-2030) ($MN)
39 Asia Pacific Portable Yarn Tension Meter Market Outlook, By Direct Sales (2021-2030) ($MN)
40 Asia Pacific Portable Yarn Tension Meter Market Outlook, By Other Sales Channels (2021-2030) ($MN)
41 South America Portable Yarn Tension Meter Market Outlook, By Country (2021-2030) ($MN)
42 South America Portable Yarn Tension Meter Market Outlook, By Product Type (2021-2030) ($MN)
43 South America Portable Yarn Tension Meter Market Outlook, By Digital Yarn Tension Meters (2021-2030) ($MN)
44 South America Portable Yarn Tension Meter Market Outlook, By Electronic Yarn Tension Meters (2021-2030) ($MN)
45 South America Portable Yarn Tension Meter Market Outlook, By Mechanical Yarn Tension Meters (2021-2030) ($MN)
46 South America Portable Yarn Tension Meter Market Outlook, By Other Product Types (2021-2030) ($MN)
47 South America Portable Yarn Tension Meter Market Outlook, By Sales Channel (2021-2030) ($MN)
48 South America Portable Yarn Tension Meter Market Outlook, By Distributors and Resellers (2021-2030) ($MN)
49 South America Portable Yarn Tension Meter Market Outlook, By Direct Sales (2021-2030) ($MN)
50 South America Portable Yarn Tension Meter Market Outlook, By Other Sales Channels (2021-2030) ($MN)
51 Middle East & Africa Portable Yarn Tension Meter Market Outlook, By Country (2021-2030) ($MN)
52 Middle East & Africa Portable Yarn Tension Meter Market Outlook, By Product Type (2021-2030) ($MN)
53 Middle East & Africa Portable Yarn Tension Meter Market Outlook, By Digital Yarn Tension Meters (2021-2030) ($MN)
54 Middle East & Africa Portable Yarn Tension Meter Market Outlook, By Electronic Yarn Tension Meters (2021-2030) ($MN)
55 Middle East & Africa Portable Yarn Tension Meter Market Outlook, By Mechanical Yarn Tension Meters (2021-2030) ($MN)
56 Middle East & Africa Portable Yarn Tension Meter Market Outlook, By Other Product Types (2021-2030) ($MN)
57 Middle East & Africa Portable Yarn Tension Meter Market Outlook, By Sales Channel (2021-2030) ($MN)
58 Middle East & Africa Portable Yarn Tension Meter Market Outlook, By Distributors and Resellers (2021-2030) ($MN)
59 Middle East & Africa Portable Yarn Tension Meter Market Outlook, By Direct Sales (2021-2030) ($MN)
60 Middle East & Africa Portable Yarn Tension Meter Market Outlook, By Other Sales Channels (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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