Global Tufting Machine Market Growth 2023-2029
Product Code:455969
Published Date: Feb 08,2023
Pages: 92
Region: Global
Category: Machinery & Equipment
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A tufting machine is essentially a huge sewing machine with hundreds of needles that insert loops of yarn into the primary backing. Yarn is fed from a creel, one tube of yarn for each needle, and threaded through the needles. The tufting machine is set up to produce level loop, multi-level loop, cut pile, and cut and loop pile structures. A tufting machine is like a big sewing machine.
LPI (LP Information)' newest research report, the “Tufting Machine Industry Forecast” looks at past sales and reviews total world Tufting Machine sales in 2022, providing a comprehensive analysis by region and market sector of projected Tufting Machine sales for 2023 through 2029. With Tufting Machine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Tufting Machine industry.
This Insight Report provides a comprehensive analysis of the global Tufting Machine landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Tufting Machine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Tufting Machine market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Tufting Machine and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Tufting Machine.
The global Tufting Machine market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.
In United States, Tufting Machine key players include Tuftco, CMC, Cobble, etc. Global top three manufacturers hold a share about 80%.
East of US is the largest market, with a share about 60%, followed by South of US, with a share over 30 percent.
In terms of product, GATRY Tufting Machine is the largest segment, with a share nearly 70%. And in terms of application, the largest application is Carpets, followed by Artificial Grass, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Tufting Machine market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
PACAS Tufting Machine
GATRY Tufting Machine
Segmentation by application
Carpets
Artificial Grass
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Tuftco
CMC
Cobble
Yamaguchi Sangyo
NAKAGAWA
Guangzhou Dayang
Key Questions Addressed in this Report
What is the 10-year outlook for the global Tufting Machine market?
What factors are driving Tufting Machine market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Tufting Machine market opportunities vary by end market size?
How does Tufting Machine break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?