Report cover image

Tufting Machine Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 to 2032

Publisher Global Market Insights
Published Oct 03, 2024
Length 165 Pages
SKU # GMI20306177

Description

Tufting Machine Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 to 2032


The Global Tufting Machine Market, valued at USD 176.8 million in 2023, is projected to grow at a CAGR of 5.5% from 2024 to 2032. The rising demand for carpets and rugs in both residential and commercial spaces is a key factor driving this growth. Increasing urbanization and a growing middle class, particularly in emerging economies, are boosting the popularity of tufted products due to their aesthetic appeal and comfort. The expansion of the textile industry, especially in countries like India and Vietnam, is fueling the demand for advanced tufting technology. As production capacities rise, manufacturers invest in modern tufting machines to meet the growing need for diverse tufted products.

Additionally, the global boom in construction activities, especially in the residential and commercial real estate sectors, is driving the demand for tufted carpets, rugs, and wall coverings, further accelerating the adoption of tufting machines. Moreover, the rise in construction projects worldwide creates a strong demand for flooring and upholstery solutions. Tufting machines play a crucial role in producing high-quality carpets and coverings to meet the needs of these new constructions. As a result, manufacturers prioritize efficiency and innovation in their machinery to stay competitive in the market.

The market for tufting machines is also influenced by the increasing interest in home improvement and interior design trends, particularly in developed regions. Consumers seek ways to enhance their living and working spaces, with carpets and rugs being popular choices. This trend further fuels the demand for tufted products, which, in turn, drives the need for efficient tufting equipment. In North America, the tufting machine market generated over USD 46.5 million in revenue in 2023 and is expected to reach USD 75.7 million by 2032. The region's growing construction activity in both residential and commercial sectors is a significant contributor to this growth.

With rising consumer interest in interior design and home improvement, the demand for tufted carpets and rugs steadily increases, leading to heightened demand for tufting machines

Table of Contents

165 Pages
Chapter 1 Methodology & Scope
1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry 360° synopsis, 2021-2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Factor affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Technological overview
3.5 Key news & initiatives
3.6 Regulatory landscape
3.7 Impact forces
3.7.1 Growth drivers
3.7.1.1 Rising demand for carpets and rugs
3.7.1.2 Growth in the textile industry
3.7.1.3 Rapidly growing automotive sector
3.7.1.4 Urbanization and growing industrialization
3.7.2 Industry pitfalls & challenges
3.7.2.1 High competition and market saturation
3.7.2.2 Changing consumer preferences
3.8 Growth potential analysis
3.9 Pricing analysis
3.10 Porter’s analysis
3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Machine Type, 2021-2032 (USD Million) (Thousand Units)
5.1 Key trends
5.2 Cut pile tufting machine
5.3 Loop pile tufting machine
5.4 Cut and loop tufting machine
5.5 Multi-level loop pile tufting machine
5.6 Others
Chapter 6 Market Estimates & Forecast, By Operation Mode, 2021-2032 (USD Million) (Thousand Units)
6.1 Key trends
6.2 Electric
6.3 Hydraulic
6.4 Pneumatic
Chapter 7 Market Estimates & Forecast, By Application, 2021-2032 (USD Million) (Thousand Units)
7.1 Key trends
7.2 Carpets and rugs
7.3 Automotive interiors
7.4 Textile wall coverings
7.5 Others
Chapter 8 Market Estimates & Forecast, By End Use, 2021-2032 (USD Million) (Thousand Units)
8.1 Key trends
8.2 Residential
8.3 Commercial
8.4 Industrial
Chapter 9 Market Estimates & Forecast, By Distribution Channel, 2021-2032 (USD Million) (Thousand Units)
9.1 Key trends
9.2 Direct
9.3 Indirect
Chapter 10 Market Estimates & Forecast, By Region, 2021-2032 (USD Million) (Thousand Units)
10.1 Key trends
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 Russia
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 Australia
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.6 MEA
10.6.1 South Africa
10.6.2 Saudi Arabia
10.6.3 UAE
Chapter 11 Company Profiles
11.1 Becker
11.2 Bonas
11.3 Card Monroe
11.4 Groz-Beckert
11.5 Sahinler
11.6 Siemonsma
11.7 Staubli
11.8 Suntech
11.9 Textile Machinery Associates
11.10 Tuftco
11.11 Tufting Machinery Services
11.12 Van De Wiele
11.13 Wilton
11.14 Xuzhou Henghui
 

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us