The market for fabric cutting machines is predicted to grow at a CAGR of during the projected period, to reach US$ 7 Bn by 2032. (2022-2032). The global textile industry is expanding, and there is a growing need for textile products. By 2022, it is anticipated that global sales of fabric cutting machines would exceed US$ 5 billion.
Sales of fabric cutting machines are anticipated to rise in response to growing consumer demand for precise garment or fabric cutting and little material waste. Additionally, it is anticipated that continued improvements in fabric cutting technology will change the textile sector. The market will certainly benefit from these chances for rapid growth.
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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.
COVID-19 Impact Analysis on Fabric Cutting Machines Market
The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Fabric Cutting Machines market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.
Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Fabric Cutting Machines market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Fabric Cutting Machines market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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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.
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
End-Use:
- Aerospace Industry
- Automotive Industry
- Textile & Apparel Industry
- Luggage Industry
- Industrial Fabrics
- Medical
- Leather Industry
- Others
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Japan
- Middle East & Africa
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