In recent years, along with the rapid development of the textile industry, China's textile machinery industry has also taken advantage of development, making China the world's largest textile machinery manufacturing country. However, the size of China's textile machinery enterprises is generally small, and the technical content of products is low. At present, the number of home-made equipment on the Chinese textile machinery market accounted for 80%, but the sales accounted for less than 50%.

In response to the difficult situation of some large textile machinery companies in this financial crisis, Gao Yong, chairman of the China Textile Machinery and Equipment Industry Association, said recently that these companies are often doing great, but they are not strong, they are not professional, they are not good, and they are viable. And the ability to resist crisis is very limited. These companies must seriously consider the way out for the future and use this opportunity for adjustment to achieve a complete change. For the whole industry, the financial crisis will eliminate a large number of extensive enterprises, give birth to a large number of large enterprises with real scale and strength, and enhance the overall competitive strength of the entire industry, which is a good opportunity to speed up industry consolidation.

Gao Yong believes that companies should first base themselves on their existing products and shift from low-end to high-end products. This is also the industry's future development trend. Second, companies can focus their attention on areas that are not yet involved and developed in the textile machinery industry. The development and utilization of some new fibers in related fields has brought new demands on textile machinery equipment. For example, for fiberglass fabrics for wind turbine blades, multi-axial warp knitting machines, rapier looms, and air jet looms are used in the processing process; there are also plaiting machines for woven nonwoven fabrics made of recycled fibers. Hot-rolling equipment is now also not involved in the company, in addition to processing geotextiles with a wide range of looms, weaving machines such as strong beaten the output are also very limited.

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