The market for fabric-cutting machines is anticipated to reach US$ 7 Bn by 2032, growing at a CAGR of 9% between 2022 and 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.
Due to evolving fashion trends and expanding demand, it is anticipated that the market for fabric-cutting machines would see an increase in overall sales.
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FMI, in its upcoming business report, elaborates the historical and current scenario of the global Fabric Cutting Machines market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.
Crucial information and forecast statistics covered in the Fabric Cutting Machines market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
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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Fabric Cutting Machines Market: Segmentation
Valuable information covered in the FMI’s Fabric Cutting Machines market report has been segregated into key segments and sub-segments.
- Band Knife Cutting
- Straight Knife Cutting
- Round Knife Cutting
- Die Cutting
- Water Jet Cutting
- Laser Cutting
- Air Jet Cutting
- Rough Cutting
- Final Cutting
- Woven Fabric
- Knitted Fabric
- Non-Woven Fabric
- Aerospace Industry
- Automotive Industry
- Textile & Apparel Industry
- Luggage Industry
- Industrial Fabrics
- Leather Industry
Fabric Cutting Machines Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Fabric Cutting Machines market. Competitive information detailed in the Fabric Cutting Machines market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Fabric Cutting Machines market report.
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Key players covered in the report 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.
Important Questions Answered in the Fabric Cutting Machines Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Fabric Cutting Machines market been expanding during the forecast period?
- How will the global Fabric Cutting Machines market look like by the end of the forecast period?
- What innovative strategies are adopted by Fabric Cutting Machines market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Fabric Cutting Machines market?
Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Fabric Cutting Machines market
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