The global fabric cutting machines market is estimated to reach US$ 7 Bn by 2032, at a CAGR ofb during the forecast period (2022-2032). With expansion of textile industry worldwide and rising need of textile products, the overall sales of the fabric cutting machines is expected to surpass US$ 5 Bn by 2022.
Growing demand for accurate garment or fabric cutting and minimal material wastage is expected to increase the sales of fabric cutting machines. In addition to this, ongoing advancements in the fabric cutting machines is projected to reshape the textile industry. This is likely to create prolific growth opportunities for the market.
The overall sales of fabric cutting machines market are projected to increase due to the changing fashion trends and growing influence of social media across the globe.
Apart from this, rising need to reduce damage to the environment and exploitation of textile workers is projected to spur the demand for fabric cutting machines in the coming years.
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Which are the Key Factors Advancing the Global Fabric Cutting Machines Market?
Increasing demand for traditional cloth cutting by using laser cutting technology, especially across India, China, and South Korea is likely to create conducive environment for the market in the coming years.
In addition to this, the growing trend of automation is enabling various manufacturers to integrate automation in various processes such as fabric cutting machines. This is projected to open new avenues for the market.
Rapid urbanization and rising disposable income is projected to propel the demand for higher production of textile products. In response to this, the adoption of fabric cutting machines is estimated to rise in the next few years.
Moreover, the edge quality and precision levels offered by fabric cutting machines is superior than the conventional cutting technologies. Such technical improvements are predicted to create lucrative growth prospects for the market.
Also, the advancements in research & development (R&D) activities and favorable government support for development of innovative technologies is anticipated to propel the demand in the market.
What are the Challenges Faced in Global Fabric Cutting Machines Market?
According to Future Market Insights (FMI), high installation and maintenance costs of the fabric cutting machines are likely to restrain the growth of the market. Lack of technical expertise and awareness about the fabric cutting machines is expected to pose a big challenge for the players in underdeveloped regions.
Furthermore, increased power consumption due to the application of automated processes in the various industries might inhibit the sales during the forecast period.
Which are the Factors Spurring Fabric Cutting Machines Sales in Asia Pacific?
With rapid modernization, improved consumer lifestyle and disposable income is projected to propel the adoption of fabric cutting machines in Asia Pacific.
Besides this, presence of new entrants and leading textile manufacturers to the meet the clothing demands in developing countries such as Japan, China, and India will aid the growth.
Moreover, growing awareness regarding personal grooming and evolving clothing industry is likely to increase the deployment of these machines in the industries. On the back of these factors, Asia Pacific is expected to register fastest growth during the forecast period.
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How will North America Contribute to the Growth of Fabric Cutting Machines Market?
According to FMI, North America is expected to lead the fabric cutting machines market. Growth is attributable to the growing focus of the U.S. manufacturers on the high-value parts – research and development, design and marketing – of the apparel global supply chain.
Furthermore, increasing focus on brand awareness and design among millennials is projected to further enhance the adoption of fabric cutting technologies in the textile industry. Thereby, fueling the growth in the market.
Penetration of social media and the near-instant delivery of goods and services is projected to change consumer taste and expectations in terms of clothing. This is expected to surge the sales of fabric cutting machines in the market.
Market Competition
Leading players profiled in the global fabric cutting machines market include FK Group Srl, Eastman Machine Germany, REXEL Company, BRM Lasers, Aeronaut Automation, Spoolex Group, Perfect Laser (Wuhan) Co., Ltd., Lohia Corp. Limited, Reliable Corp., Hashima Co., Ltd., Kunshan Haijin Machinery Co., Ltd., Tukatech Inc., Richpeace Mechanical and electrical technology Co., Ltd., Yin USA Inc., KURIS Spezialmaschinen GmbH, Zhejiang Lejiang Machine Co., Ltd, among others.
Key players are advancing their garment manufacturing technologies to reduce the wastage of materials and gain a competitive edge in the market.
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Key Segments Profiled in the Fabric Cutting Machines Market
Machine Type:
- Manual
- Semi-Automatic
- Automatic
Product Type:
- Band Knife Cutting
- Straight Knife Cutting
- Round Knife Cutting
- Die Cutting
- Water Jet Cutting
- Laser Cutting
- Air Jet Cutting
Cutting Type:
- Rough Cutting
- Final Cutting
Fabric Type:
- Woven Fabric
- Knitted Fabric
- Non-Woven Fabric
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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