Tufting Machine Market Size, By Machine Type, By Operation Mode, By Application, By End-use, By Distribution Channel, Forecast 2024 - 2032

Tufting Machine Market Size

The global tufting machine market was valued at USD 176.8 million in 2023 and is estimated to grow at a CAGR of 5.5% during the forecast period.
 

The increasing popularity for using rugs and carpets in homes and workspaces for their aesthetic reasons, among other reasons, has led to a rapid increase in the demand for tufting machines. Such a demand is typically seen in countries that are undergoing urbanization and have a growing middle class.

The necessity for productive tufting technology is augmented by the inclusion of the textile industry in developing countries such as Vietnam and India. The desire for tufted goods has led to an increase in investment in advanced tufting machines as manufacturing capability expands. The considerable escalation in construction activity across the globe due to real estate investments primarily in residential and commercial buildings has also had an increase in demand for upholstery and flooring solutions. Carpets and wall coverings which are highly in demand in these new constructions require tufting machines for their production. The automobile sector is also a considerable reason for a rise in demand, premium tufted materials which are used in the interior of vehicles, such as carpets and upholstery, are needed in bulk, which drives the growth of the sector. With the continuous growth and development of the automobile sector, the need for modern tufting technology increases.
 

• The costs associated with purchasing such technologically advanced tufting devices do not come at an affordable price, and as a result, they discourage small manufacturers from making the purchase.
   
• Tufting Machine costs function as a major hindrance into the sphere and discourage innovation and competition in the market. As tufting devices are becoming more advanced, they are also becoming increasingly difficult to operate and service.
   
• Staff members may have difficulty in being equipped to manage innovative technology, thus increasing the inefficiencies and downtime.
   

Tufting Machine Market Trends

• Automation and smart technologies are being integrated into tufting machines which enhance efficiency, reduce costs, and allow for IoT connectivity. This enables real-time monitoring and predictive maintenance to improve operational reliability, all the while focusing on the manufacturing of eco-friendly materials.
   
• This, in turn, encourages manufacturers to design tufting machines that incorporate recycled fiber whilst also minimizing the waste produced during the process. With consumer demand favoring the idea of personalization, manufacturers are quite literally tailoring their machines to be in a position to work on custom designs.
   
• The integration of advanced technology allows appealing intricate patterns to be fused into the tufting for niche markets. The growth in economies facilitates an increase in disposable income leading to an upward shift in the market for tufted products. The manufacturers are keen on venturing into untapped areas, driving investment towards local production facilities and distribution networks.
   

Tufting Machine Market Analysis

The machine type, market into multiple segments which include cut pile tufting machine, loop pile tufting machine, cut and loop tufting machine, multi-level loop pile tufting machine etc. The cut pile tufting machine is expected to dominate the market, holding a market figure of USD 72 million in 2023 and projected to reach USD 119.6 million by 2032.
 

• The trend of manufacturers shifting to the use of loop pile tufting machines to produce stronger floor solutions is enhanced by the ability of the single machine to produce both cut and loop pile textures.
   
• Moreover, the mass production of carpets has maintained the popularity of cut piles of carpets in both residential and commercial spaces. Due to their high durability, loop pile carpets are the preferred option for use in areas that experience a lot of foot traffic. As such, there has been an increase in the number of cut pile tufting professionals.
   

Based on application, the tufting machine market is classified into Automotive Interiors, Carpets & Rugs, Textile Wall Coverings, and Others. During the season of 2023, the market share accounted for by carpets and rugs was 51%, but its share is expected to continue to grow.
 

• The need to be different encourages people to touch and pick up carpets and rugs, leading to a high demand for tufting machines for carpets and rug manufacturing.
   
• Carpets and rugs are available in homes, offices, and even public places, hence the projected growth in tufting machines covering the production of carpets.
   
• After the pandemic, the number of house improvement activities increased further, which in turn contributed to a bigger demand for tufting machines.
   

The region in North America held a total tufting machine market of around USD 46.5 million in 2023 and the forecast shows this region is likely to reach USD 75.7 million by 2032.
 

• The growing activities of both residential as well as commercial construction increases the need for carpets, which subsequently increases the need for tufting machines.
   
• Moreover, the growing interest of consumers in relation to home renovations and interior design trends also results in the demand for tufted products and machines.
   
• The U.S. is expected to witness further growth at a CAGR of 5.8%, throughout the forecast period. Due to growing interest in interior design and home decor, there is a growing trend for investing in premium carpets and rugs which in turn pushes manufacturers to find innovative tufting tools.
   

Europe: Germany held a prominent share of the European tufting machine industry readily. The prominent demand for tufted products combined with Germany's strong textile and automotive manufacturing sector are the key elements responsible for driving the demand for state-of-the-art tufting equipment.
 

Asia Pacific: China is expected to grow at the fastest rate in the region at 5.9%. The ongoing urbanization in China contributes to the rising demand for both residential and commercial buildings, thereby spurring the demand for carpets and rugs and eventually, machines for tufting.
 

Tufting Machine Market Share

Tufting machine industry is consolidated in nature owing to local and international companies operating around the world. In 2023, market participants such as Becker, Bonas, Card Monroe, Groz-Beckert, Sahinler, Siemonsma, Staubli, Suntech together commanded approximately 20%-30% market share. These major companies have been involved actively in merger and acquisition activities, building new facilities and joint ventures to broaden the range of their products, reach a larger share of the market, and enhance their market power.
 

Tufting Machine Market Companies

Major players operating in the tufting machine industry are:

• Becker
• Bonas
• Card Monroe
• Groz-Beckert
• Sahinler
• Siemonsma
• Staubli
• Suntech
• Textile Machinery Associates
• Tuftco
• Tufting Machinery Services
• Van De Wiele
• Wilton
• Xuzhou Henghui

Tufting Machine Industry News

• In September 2022, Vandewiele Group purchased U.S. based Savio Group, a manufacturer of textile machineries, Savio Group provides innovative machineries. The primary purpose of the acquisition was to upgrade the company's products as well.
   

The Tufting Machine Market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Million) (Thousand Units) from 2021 to 2032, for the following segments:

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Market, By Machine Type

• Cut pile tufting machine 
• Loop pile tufting machine 
• Cut and loop tufting machine 
• Multi-level loop pile tufting machine 
• Others 

Market, By Operation Mode

• Electric
• Hydraulic
• Pneumatic

Market, By Application

• Carpets and rugs
• Automotive interiors
• Textile wall coverings
• Others

Market, By End-use

• Residential
• Commercial
• Industrial

Market, By Distribution Channel

• Direct
• Indirect

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico
• MEA
  • UAE
  • Saudi Arabia
  • South Africa