Braiding Machine Market Size, Scope 2022-2028

The global braiding machine market size was valued at USD 548.3 million in 2021 and is expected to grow at a CAGR of 2.6% during the forecast period 2022 to 2028. A braiding machine is a device that knits or interweaves three or more strands of wire or yarn to create a range of material structures, such as rope, covered power wires, reinforced hose, and some varieties of lace. Natural or synthetic yarn, leather tapes, and interlaced and metal wires are used to braid the materials. While braiding the material, braided structures allow the layers to move together, which helps to prevent cracking. A braiding machine is used to spiral the fibre strands into a clump of yarn. Following that, the two or more yarns are coiled against a cylinder (bobbins) or reels to construct another stand.