Commercial Tufting Machine Market to Surpass USD 133.4 Million by 2031

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06 Jun, 2023, 11:30 BST

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PUNE, India, June 6, 2023 /PRNewswire/ -- According to a recent market study published by Growth Market Reports, titled, "Commercial Tufting Machine Market Segments – by Machine (PACAS Tufting Machine and GANTRY Tufting Machine), End-use Industry (Carpets, Rugs, and Artificial Grass), and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031", the market size was USD 104.5 million in 2022 and is expected to surpass USD 133.4 million expanding at a CAGR of 3.1% by the end of 2031. Increasing demand for artificial tufted grass carpets in the commercial, residential, and industrial sectors is projected to boost the market in the coming years.

Key Market Players Profiled in the Report

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The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics. It provides an in-depth analysis of the market segments, which include machine, end-use industry, and competitor analysis.

This report also includes a complete analysis of industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping market players to expand their market share.

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Highlights on the Segments of the Commercial Tufting Machine Market

On the basis of region, the global commercial tufting machine market is classified as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is expected to be a rapidly growing region in the global market during the projected period due to the rising investments by tufting machines companies in the region.

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Key Takeaways from the Study:

Read 209 Pages Research Report with Detailed TOC on "Commercial Tufting Machine Market Segments - by Machine (PACAS Tufting Machine and GANTRY Tufting Machine), End-use Industry (Carpets, Rugs, and Artificial Grass), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast, 2023 – 2031"

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Key Segments Covered

Machine

End-use Industry

Region

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Growth Market Reports provides global enterprises as well as small & medium businesses with unmatched quality of "Market Research Reports" and "Industry Intelligence Solutions". Growth Market Reports has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, and secondary research & consumer surveys.

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