Growth of Tanning Industry is the driving factor for the market of Leather Embossing Machine
According to latest research by Fact.MR, Leather Embossing Machine market is set to witness steady growth during 2021-2031. Demand for the machine will witness steady recovery in short-term, with optimistic growth outlook. Leather is one of the most traded commodity and the market of leather and leather embossing machines runs parallel.
What is Driving Demand for Leather Embossing Machine?
Demand from automotive interior is expected to be a key driver for the growth of leather embossing machines market. Additionally, growing demand of leather based vanity items and designer bags is anticipated to boost the demand of the device. The reduced lead time, flexibility of embossing design are the key benefits in favor of its employment by end users.
Furthermore, the demand for some necessary products, such as saddles, footwear, harness and belts and holsters with embossed military labels and logos is anticipated to rise in upcoming future and thus, will also enhance the leather embossing machine market growth.
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Tanning Industry Recovery Likely to Augment Leather Embossing Machine Sales
As Covid-19 pandemic has affected the manufacturing sector output rate, the leather goods industry being no exception is also understood to have borne the brunt of the effect thereby affecting the embossing machine market growth. Recovery in growth is expected to incur at least 3 to 4 of the ongoing fiscal to regain the threshold rate.
US Market Outlook
US is one of the largest markets for Leather Embossing Machine globally. The US market is set to tread on the historic pattern of bust and boom during the assessment period 2021-2031. Demand is likely to remain muted in the next couple of years, as a number of end-use industries make gradual recovery.
US sales will also be impacted by the tanning sector recovery in 2021. The US tanning sector faces a challenging year, however, there is growing optimism that low mortgage rates will lead to a spurt in early 2022. The momentum is likely to hold ground, which will provide an impetus to a range of its parent industry, including Leather Embossing Machine.
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Europe Demand Outlook
Europe is considered to be a major market of leather embossing machine on the backdrop of established automotive industry wherein premium sedans and luxury vehicle design are undertaken by the respective vendors. The fashion and luggage industry also holds a significant share of end use. Italy and Spain are expect to lead the forefront of the regional market.
Eastern Europe’s manufacturers are contemplate to observe the regional production to lessen import dependency.
South East Asia Market Overview
South East Asia is identified as another regional market of notable share. With. India, Bangladesh and China being the major production hubs of leather items. Though manual based embossing is carried to a considerable extent owing to low labor costs, yet, leather embossing machines adoption is expected to gain traction on augmented scale of production and supply cycles. Japan and South are estimated to acquire a significant share on the backdrop of automotive production hubs.
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Who are the Key Manufacturers and Suppliers of Leather Embossing Machine?
Some of the leading manufacturers and suppliers include
- Campbell Randall
- Shanghai UPG International Trading Co.Ltd
- Cerys Corporation Limited
- Crown Machinery Company Limited
- Hangzhouwilling international Co.Ltd.
- Artsgate Trading Pte Ltd.
- Hubei Tengcang Building Materials Technology Co.Ltd.
- Dongguan City South Nekon Machinery Co.LTD
- OMAC srl and Honggang Cutting Machine CO.LTD.
Leather Embossing Machine Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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By Leather Type
- Synthetic Leather
- PU (Polyurethane) based leather
- PVC (Polyvinylchloride) based leather
- Bio Based leather
- Real Leather
By Operational Methods
By Machine Type
- Vertical embossing
- Horizontal embossing
- Roll on Presses
- Cylinder Presses
- Air Toggles Presses
- Foil Stamping
- Hot printing
By End-use Industry
- Sporting Goods
- Industrial Fabric
- Bags, wallets and purses
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, Italy, France, U.K, Spain, NORDICS, BENELUX, Russia)
- East Asia (China, Japan, South Korea)
- South Asia & Pacific (India, ASEAN Countries, Oceania)
- Middle East and Africa (GCC Countries, Turkey, South Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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