The demand for the used textile machines increased in the last few years.
The declining spinning and weaving capacities in the countries like Turkey, USA and Korea due to reasons like labor cost emerged as a source of the used textile machines. Lots of capacities are migrating from these countries to India, Bangladesh, Egypt and Pakistan. Lower price and availability of these machines has attracted the Textile Industry in the buying countries. Also there are machines coming in the market from the local mills who are upgrading their units.
The demand of used machines still remains. There have been a lot of Chinese manufacturers supplying the textile machines in India and other countries. Though the Chinese machines are low in price still the Industry preferring Branded used machines as compared to the Chinese option. It looks the demand for the used machines will remain on peak for the next two years.
Source : articlesbase
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