Commercial Tufting Machine Market Outlook
The global tufting machine market size was valued at USD 101.4 Million in 2021 and is expected to reach USD 132.7 Million in 2030, expanding at a CAGR of 3.1% during the forecast period. 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. Tufting machines can be customized to meet specific production needs, allowing manufacturers to create unique products. These machines are built to withstand the rigors of continuous operations, ensuring long-lasting performance.
Commercial Tufting Machine Market Dynamics
Rising adoption of artificial grass
Artificial grass turf carpets have a natural appearance and cannot be distinguished from real grass, and have multiple applications. The increased adoption of artificial tufted grass carpets in the residential, commercial, and industrial sectors is a major factor that is driving the commercial tufted machines market. Artificial grass is available in various shapes and sizes, along with surface options and levels (shearing, carving, beveling, recessing, and embossing), which increases its demand in different hospitality sectors.
Artificial turfs find the highest service in contact sports, such as soccer and rugby, driving the tufted machines market held by the regional market. Moreover, market growth is attributed to the introduction of high-quality artificial turf products by players approved by various associations, such as the Federation Internationale de Football Association (FIFA).
Artificial grass carpets are also preferred in kindergartens, as these carpets prevent children from falling and getting hurt while playing. Additionally, they are also often preferred in balconies, offices, homes, terraces, office gardens, and gardens of cafes & restaurants. These factors are helping the market in gaining significant momentum, thereby, boosting the commercial tufting machine market.
Growing demand for sustainable products
Tufting machines play an important role in the production of sustainable products. As consumers are becoming aware of the environmental impact of the products they are using, there is a growing demand for sustainable products that are made with eco-friendly materials and processes. This has led to an increase in the use of recycled materials and natural fibers in the production of carpets and other textile products.
Commercial tufting machines are used to manufacture these sustainable products, as they are able to process a wide range of materials and produce high-quality products at a high pace. Tufted carpet machines can produce carpets from recycled plastic and recycled fibers, in contrast to other carpet manufacturing methods, that meet the demands of environmentally conscious consumers, thus, boosting the commercial tufting machines market.
Government Regulations
Government regulations have a significant impact on the demand for commercial tufting machines, by providing incentives for companies to invest in new machinery, improving product quality and safety standards, and promoting overall industry growth. Several governments impose tariffs or other trade restrictions on imported goods to protect domestic industries.
Governments of various countries are imposing tariffs on imported tufting machines and import duties to make domestically produced machines appealing to buyers, potentially increasing demand. For instance, in India, export duty for tufting machines is levied by the government when the product is exported from India to other countries.
High Initial Investment and Maintenance Costs
A high initial capital requirement is required to manufacture commercial tufting machines. The high cost of installation often requires significant investments, infrastructure, and equipment. Furthermore, the operation of these machines also skilled labor.
Additionally, the replacement parts are costly, and downtime for maintenance has an impact on production rates, increasing operational costs. These factors are restricting the commercial machines market, especially the SMEs that often lack the financial resources to invest in expensive equipment and regular maintenance costs.
Limited Flexibility
Commercial tufting machines are designed to produce a specific type of carpet or rug with a specific pile height and density. Changing these parameters requires significant adjustments to the machines, which is time-consuming and costly. This means that they may not be suitable for producing other types of products.
While tufting machines can produce a wide range of designs and patterns, they may not offer the same level of customization as other manufacturing methods. This is anticipated to limit their appeal to certain customers. Furthermore, other manufacturing methods, such as weaving or printing, may be better suited as the machines for these methods can be easily adjusted to create a broader range of products.
Technological Advancements
The adoption of automation and Industry 4.0 technologies are expected to create demand for more advanced tufting machines that operate at higher speeds and with greater precision while reducing labor costs. Opportunities related to automation in the tufting machine market include integration with other automated processes.
Manufacturers are looking for tufting machines that could be integrated with other automated processes such as material handling, cutting, and packaging, to streamline production and reduce downtime. Artificial Intelligence (AI) and Machine Learning (ML) technologies are being integrated into tufting machines to enable predictive maintenance, optimize production processes, and improve product quality.
Additionally, robotics technology is being used in tufting machines to automate repetitive tasks such as loading and unloading materials and to increase efficiency and accuracy. IoT sensors are being integrated into tufting machines to collect data on machine performance, product quality, and production processes, enabling manufacturers to identify areas for improvement and optimize their operations. These factors are expected to create lucrative opportunities for market expansion during the forecast period.
Scope of Commercial Tufting Machine Market Report
The report on the global commercial tufting machine market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Commercial Tufting Machine Market – Global Industry Analysis, Size, Volume, Share, Growth, Trends, and Forecast
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Base Year
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2021
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Historic Data
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2015-2020
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Forecast Period
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2022–2030
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Segmentation
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Machine (PACAS Tufting Machine, GANTRY Tufting Machine), End-use Industry (Carpets, Rugs, and Artificial Grass)
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Regional Scope
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North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered
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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.
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Commercial Tufting Machine Market Segment Insights
The global commercial tufting machine market is segmented on the basis of machine, end-use industry, and regions.
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.
Commercial Tufting Machine Market Regional Analysis
Based on regions, the commercial tufting machine market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in the Asia Pacific is projected to expand at a significant CAGR during the forecast period.
The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period. The region is expected to continue its dominance in the coming years, owing to the increasing investments by the tufting machines company for the installation of plants.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the global commercial tufting machine market
- Historical, Current, and Projected Market Size in terms of Value and Volume
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Commercial Tufting Machine Market Performance
Segments
Machine
- PACAS Tufting Machine
- GANTRY Tufting Machine
End-use Industry
- Carpets
- Rugs
- Artificial Grass
Regions
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Market Players Profiled in the Report
Competitive Landscape
Top players in the market include 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.These companies are considered key manufacturers of the commercial tufting machine market based on their revenue, product offerings, regional presence, and supply chain management system. The players are adopting key strategies such as acquisition, collaborations, and geographical expansion which the potential opportunity for the Commercial tufting machine market.
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