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Tufting Machine Market Trends

Report ID: GMI11702
Published Date: Oct 2024
Report Format: PDF

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Tufting Machine Market Trends

Increasing adoption of automation in tufting machines enhances efficiency and reduces labor costs. Smart technology integration, including IoT connectivity, allows for real-time monitoring and predictive maintenance, improving operational reliability. There is a growing focus on sustainability, with manufacturers seeking eco-friendly materials and processes. This trend drives the development of tufting machines that use recycled fibers and minimize waste during production. Consumer demand for personalized products is rising, prompting manufacturers to invest in tufting machines capable of producing custom designs.

Advanced technology allows for intricate patterns and tailored solutions, appealing to niche markets. As disposable incomes rise in emerging economies, the demand for tufted products is increasing. Manufacturers are exploring opportunities in these markets, leading to investments in local production facilities and distribution networks.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for tufting machine was reached USD 176.8 million in 2023 and is estimated to grow at a CAGR of 5.5% from 2024 to 2032, driven by the increasing popularity of carpets and rugs in both residential and commercial spaces.

The cut pile tufting machine segment crossed USD 72 million in 2023 and is predicted to hit USD 119.6 million by 2032, on account of the popularity of cut pile carpets in residential and commercial spaces, known for their soft, plush textures.

The carpets and rugs segment held the dominant market share of 51% in 2023, due to the growing preference for carpets and rugs in homes, offices, and public spaces, which drives the demand for tufting machines specialized in carpet production.

The North American market for tufting machine was reached USD 46.5 million in 2023 and is expected to reach USD 75.7 million by 2032, fueled by the increase in residential and commercial construction activities, which boosts the demand for carpets and rugs, thereby driving the need for tufting machines.

Major players in the tufting machine market include Becker, Bonas, Card Monroe, Groz-Beckert, Sahinler, Siemonsma, Staubli, Suntech, Textile Machinery Associates, Tuftco, Tufting Machinery Services, Van De Wiele, Wilton, and Xuzhou Henghui.