In 2023, the import volume of shuttle-less looms for weaving fabric of a width exceeding 30 cm to India was an established figure. From 2024 onwards, forecasts indicate a steady increase in import volumes. For the annual growth rate year-over-year from 2024 to 2028, the increment shows a modest and consistent increase, ranging approximately between 2.5% to 3% each year. Notably, the Compound Annual Growth Rate (CAGR) over the five-year forecast horizon is foreseeably stable, suggesting sustained demand in the Indian textile industry.
The upward trend hints at India's expanding textile manufacturing capabilities, likely driven by increasing domestic demand and export expansion. Future trends to watch include advancements in loom technologies, shifts in raw material prices, and changes in global trade policies, which might influence import needs. Sustainable practices and automation within the textile industry could also impact the trajectory of loom imports. These factors could either augment or mitigate the current growth trends.
