According to a recent market study published by Growth Market Reports, titled, “Global Commercial Tufting Machine Market by Machine, End-Use Industry, and Regions: Size, Volume, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at USD 101.4 Million in 2021 and is expected to grow at a moderate growth rate of 3.1% by the year 2030. The rising adoption of artificial grass, growing demand for sustainable products, and government regulations are expected to fuel the market during the forecast period.

As per Growth Market Reports industry analyst Akash Vedpathak, “The Commercial Tufting Machine Market” is anticipated to witness significant growth during the forecast period 2022-2030. Key factors that are anticipated to fuel the demand for the global commercial tufting machine market during the forecast period are the rising adoption of artificial grass, growing demand for sustainable products, and  government regulations. Conversely, high initial investment and maintenance costs, and limited flexibility hamper the growth of the commercial tufting machine market. Technological advancements associated with commercial tufting machines are expected to create opportunities in the market.

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A tufting machine is a huge sewing machine that is typically twelve feet wide and has hundreds of needles for sewing loops of yarn into the carpet's main backing. One tube of yarn is fed through each needle from a creel and threaded through the yarn. The tufting machine is configured to produce cut piles, cut and loop pile structures, level loops, and multi-level loops. The primary backing is fed into the tufting machine from the back, and the needles of the machine punch the yarn through it. The pile is created by the looper, who also establishes its height. To tidy and sculpt the yarn for the finished item after tufting, the pile can be sheared or cut using electric shearers or scissors. This can be done either before or after applying the latex glue to the backing. This procedure also aids in the removal of any loose fibers that may have risen to the surface during the tufting process.

Supply chain management is a pivotal part of any business. A supply chain contains a series of steps to get products from their original state to the customers. These steps include transforming components/raw materials into final products, transporting those products, and distributing them to the end users. Entities in the supply chain include raw material suppliers, manufacturers, distributors, and the final end use-industry. End-use industry of commercial tufting machines includes carpets, rugs, artificial grass & others.

The primary, as well as secondary research methodology, is used for keen observation and study of the commercial tufting machine market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews were conducted with the stakeholders across industry verticals at regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, and current and future trends done by the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess experience of around 10-20 years in the industry. On the other hand, the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights, and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports, and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases were analyzed for macro & microanalysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.

The Coronavirus disease 2019 (COVID-19) pandemic highlighted economic disparities, global interdependence, and governance challenges. Governments across the globe enforced partial or complete lockdowns during the pandemic, which led to the temporary closure of schools, colleges, institutions, offices, and the suspension of all business activities, except for essential goods and services. COVID-19 had both immediate and long-term effects on various industries. The COVID-19 outbreak had a negative impact on the global tufting machine and carpet market, due to factors such as a lack of workers, closure of production facilities, and global supply chain disruptions. Governments imposed lockdowns to stop the spread of coronavirus, which led to a significant drop in manufacturing activities. Growth of the tufting and carpet market was hindered during the pandemic, due to the limitations on production operations. The manufacturing of the tufting machine and market declined, as people were working remotely to maintain social distancing. Investments reduced production activities, and operations thus declining the market. The outbreak of the coronavirus pandemic impeded the growth of the market in various countries, including the US, India China, Taiwan, Germany, and Japan.

Key Takeaways from the Study:

  • In terms of machine, the commercial tufting machine market is segmented into PACAS Tufting Machine and GANTRY Tufting Machine. The PACAS Tufting Machine segment is projected to hold a substantial share of the market in 2021, owing to the safeguarding system of the machine.
  • Based on the end-use industry, the commercial tufting machine market is segmented into Carpets, Rugs, and Artificial Grass. The Carpets segment is projected to hold a substantial share of the market in 2021, owing to their superior insulation properties and wide usage in both residential and commercial sectors.

Report Scope:

Report Metric

Details

Market Value in 2021

USD 101.4 Million

Market Growth Rate (from 2022 to 2030)

3.1%

Historical Data

2015 to 2020

Base Year

2021

Forecast Period

2022 – 2030

Units Considered

Value (USD Million)

Market Segments

by machine, by end-use industry, and by regions.

Key Companies Profiled

Card-Monroe Corporation, Changzhou MTC Industry& Tech Co.,Ltd, Tuftco Corporation, Yamaguchi Sangyo, PROTECHNA Herbst GmbH & Co. KG, Weihai Tesite Machinery Manufacturing Co., Ltd, and Changzhou Wuding Carpet Machinery Co., Ltd.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

Target Audience:

  • Demand Side: Carpet manufacturers