Braiding Machine Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Maypole Braiders, Horn Gear Braider (Square Braider), Wardwell Rapid Braider and Track and Column Braider), By Configuration (Horizontal Braiders and Vertical Braiders), By Application (Residential and Industrial), By End User (Textile, Sporting, Automotive, Medical, Aerospace, Electrical, Marine Sector and Others) and Region Forecast 2020-2031

Braiding Machine Market size was valued at US$ 558.1 million in 2024 and is expected to reach US$ 654.4 million by 2031, growing at a significant CAGR of 2.3% from 2025-2031. The global market provides a detailed overview of the market, and that can be segmented by type, by configuration, by application, and by end user. By type, the market has been segmented Maypole Braiders, Horn Gear Braider (Square Braider), Wardwell Rapid Braider and Track and Column Braider. The Maypole Braiders segment is likely to be the largest and fastest-growing segment in terms of type. Maypole braiding machine is mostly used to produce insulation outsourcing yarn of wire and cable, fiber bundle tube, braided rope, unbreakable layer of rubber tube, etc. Based on configuration, the global braiding machine market is segmented into Horizontal Braiders and Vertical Braiders. Among these, the Horizontal Braiders segment is expected to grow at a significant rate in the global market during the forecast period 2022-2028. Based on application, the market is segmented into Residential and Industrial. The Industrial segment accounts for the largest share in 2021. Based on the end user, the segment has been segregated into Textile, Sporting, Automotive, Medical, Aerospace, Electrical, Marine Sector and Others. The Textile segment is expected to dominate other segments in the market. The global strategic alliances will drive the market and it is expected to maintain the trend in the upcoming years. Moreover, the rising demand for braided wires, cables in various industries will boost the global market growth in the forecasted years. Braided wires have various properties such as flexibility, abrasion resistance, and expandability which influence the adoption rate of braided materials.  

Key Developments

• In Aug 2022, Elphinstone Pty Ltd, an authorised Caterpillar Original Equipment Manufacturer (OEM) and a leading manufacturer of quality products for the global underground and surface mining industries developed new products to serve various locations.