Tufting Machine Market Size, Share, Growth, And Industry Analysis, By Type (PACAS Tufting Machine and GATRY Tufting Machine), By Application (Carpets, Artificial Grass, and Others), Regional Forecast To 2032

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Tufting Machine Market Report Overview

The Tufting Machine Market size was valued at approximately USD 0.17 billion in 2023 and is expected to reach USD 0.28 billion by 2032, growing at a compound annual growth rate (CAGR) of about 5.5% during forecast period.

The basic backing is inserted with loops of yarn using tufting machines, which are essentially large sewing machines with hundreds of needles. One tube of yarn is supplied through each needle from a creel and threaded through the yarn. The tufting machine is configured to produce cut pile, cut and loop pile, multi-level loop, and level loop structures. An enormous sewing machine resembles a tufting machine.

COVID-19 Impact: Reduction in Workforce to Impede Market Expansion

The COVID-19 pandemic dramatically raised the demand for e-commerce, notably online groceries, because of changing consumer consumption patterns and the swift adoption of Omni channel distribution strategies. Given the predicted requirement for efficient logistics and warehouse management systems, especially in light of the pandemic's considerable reduction in the workforce. The advent of e-commerce increased the need for asset tracking, which increased the need for asset tracking software.

LATEST TRENDS

"Rising Disposable Income of Consumers to Elevate Market Growth"

The rising urbanization and change in lifestyle are the main factors propelling the tufting machine market growth. In addition to the rise in disposable income, preferences for luxury goods and interior design are growing, which may be contributing to the expansion of the global market. Moreover, making investments in the real estate industry and engaging in remodeling work can help the market expand. Additionally, carpet has health advantages that may raise interest in tufted carpets.

Tufting Machine Market Segmentation

• By Type Analysis

By type, the market is segmented into PACAS Tufting Machine and GATRY Tufting Machine.

• By Application Analysis

Based on application, the market is classified into Carpets, Artificial Grass, and Others.

DRIVING FACTORS

"Various Advantages of Tufting Machine to Spur Lucrative Opportunities"

The carpet industry is growing as lifestyles change. Tufting is an ancient method of making carpets that uses raw materials to create the fundamental base for the carpet pile. Tufted carpets are manufactured using this method. Tufted carpet can be made using a variety of designs. For improved back comfort, the tufting machine market has additional acoustic and thermal insulation. It offers advantages such as improved air quality, noise reduction, safety, and home decor. It has an AB web, which guarantees the carpet's long-term stability and shape. The market has a significant demand for carpet, and 95% of it is tufted. The material, end user, sales channel, and region are the categories used to segment the tufting machine market.

"Advancement in Technology to Offer Growth Opportunities"

Sewing machines can be powered by a treadle, a motor, or electricity and are used to stitch a variety of fabrics. Sewing machines are becoming more sophisticated and quick due to advances in technology. Fabrics and textiles are frequently stitched together using sewing machines to produce distinctive items. High demand from end-use industries like clothing and apparel is one of the factors driving the growth of the sewing industry globally. The need for sewing machines is also being driven by the growing population, and the market is anticipated to expand rapidly.

RESTRAINING FACTORS

"High Prices of Raw Material to Hinder Market Advancements"

The price of raw materials may have an impact on the market growth for tufted carpet.

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Tufting Machine Market REGIONAL INSIGHTS

"Increasing Demand from construction Sector to Flourish Market in North America"

North America is expected to have the largest tufting machine market share. Numerous industries, particularly the automotive and construction sectors, are experiencing a surge in demand for these devices. Textiles are commonly used in automobile interiors to create things like seatbelt webbing, automotive carpets, and nylon tire cables.

The market is anticipated to develop at the fastest rate in Asia Pacific. In the Asian market, high-end sewing machines are growing in popularity. High-end sewing machines are becoming more and more popular among industrial producers because of their improved features that save time, energy, and lessen the complexity of manufacturing processes.

KEY INDUSTRY PLAYERS

"Key Players Focusing On Innovative Technology Development to Grow in Market"

The global market has seen numerous utility asset management firms deliver a range of goods, programs, and services to support various electrical power grid components. To meet the unique needs of the utilities, several businesses are actively working at the regional and international levels. An extensive worldwide consumer base and the execution of operations through specialized distribution networks are other characteristics. The key companies strive to gain a higher market share by launching new products.

LIST OF TOP TUFTING MACHINE COMPANIES

• Tuftco (U.S.)
• CMC (India)
• Cobble (U.S.)
• Yamaguchi Sangyo (Japan)
• NAKAGAWA (Japan)
• Guangzhou Dayang (China)

REPORT COVERAGE

The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections for various factors to show potential investment areas. From 2021 through 2031, the market is objectively assessed to determine its financial viability. The report's data was compiled using a variety of primary and secondary sources.