sewing-machines-market

Sewing Machines Market By Product (Industrial, Flat Bed, Post Bed, Cylinder Bed, Off The Arm, Home/Domestic, Manual, Electric, Computerized, Over Locker), By Application (Apparels, Shoes, Bags, Others), By Sales (Online, Offline) - Growth, Share, Opportunities & Competitive Analysis, 2021 – 2029

30 Oct 2018 Format PDF icon PPT icon XLS icon Request Sample

"Demand for Sewing Machines with Enhanced Functionalities to be on the Rise in Coming Years"

The sewing machines market was valued at US$ 62.35 Bn in 2020 and expected to be growing at a compounded annual growth rate (CAGR) of 4.6% from 2021 to 2029. After decades of struggle, the sewing machine market is finally experiencing a boost mainly owing to renewed interest in the DIY (do-it-yourself) culture. Home arts, such as sewing and knitting are gaining popularity among people in order to give a more personalized touch to garments, either by adding appliques to their clothing or by reconstructing old items to achieve vintage looks. With advancements of sewing machines, sewing has become easier and less time consuming than in the past. The role of electronic sewing machines in this context has been vital as it facilitates amateur tailors to make the most of modern features such as automatic intricate embroidering, automatic size adjusting and "cruise control" options. Moreover, the fact that electronic sewing machines have become less expensive as compared to the past, has further contributed to the market growth and aided its adoption even among modest households. Another major factor supporting the sewing machines market growth can be attributed to the rising demand for industrial sewing machines.  Garment manufacturers are preferring high end sewing machines as it enables to save time, energy and at the same time also reduces complexities. Moreover, for leading garment manufactures, producing high quality products in the least possible time with standardized precision is of prime importance, a factor further fuelling the demand for industrial sewing machines.

Sewing Machines Market

"Digital Sewing Machine, Is this the Future of Sewing Machines?"

With the outburst of Industry 4.0, the apparel industry is witnessing the outbreak of innovations in sewing process. These innovations are transitioning the status of apparel manufacturers from being manually relied to tech and digitally focused. Sewing machines have witnessed massive technological innovation in recent years with a focus to shorten time to market on the part of manufacturers. For instance, recently, Xi’ an Typical won the Texprocess Innovation Award for developing the first sensor-based technology offering entire control over industrial sewing machines without pedals. Another recent trend is the concept of vision sewing, which enables to obtain flawless decorative stitches where there is a scarcity of high skill set. Key benefits of vision system includes automatic sewing of patterns, consistent sewing speed for multiple patch sewing, improved/less handling of garment or fabric and no operator sewing skills. Automatic bobbin changer is another trend that is gaining in popularity. One of the first companies to commercialize the use of automatic bobbin changers was Kinoshita and it stocks eight bobbins in the exchange plate. Leading sewing machine manufacturers are investing heavily on research and development activities and the results are visible in the form of technological advancements. Some of the other recent developments witnessed in the market includes, real-time monitoring in sewing machines, convertibility in sewing machines, modular sewing machines, smart sewing machines, digital feed system in sewing machines and USB port in sewing machines among others.

"Technological Advancements to Positively Influence the Demand for Industrial Sewing Machines in Coming Years"

The demand for industrial sewing machines has witnessed a steady rise in recent years mainly owing to increasing demand for high-end industrial sewing machines. These sewing machines are increasingly being preferred by garment manufacturers as it facilitates to save time and energy, and reduce complexity of the manufacturing process due to their enhanced features. Another important factor aiding the growth of industrial sewing machines can be attributed to the fact that these sewing machines enable to produce high quality products with standardized precision in less time. Moreover, technological advancements have facilitated the development of light weight, small, durable and energy efficient industrial sewing machines, a factor further complimenting the market growth of industrial sewing machines. Recent developments in industrial sewing machines includes, multi-needle positioning, high powered motors, laser technologies, touchscreens and LED lighting among others.

"Asia Pacific to remain the largest Market throughout the Forecast Period"

Asia Pacific represents the largest market for sewing machines worldwide. Owing to low manufacturing cost, the manufacturing of products especially through industrial sewing machines has shifted from developed regions such as Europe and North America to developing countries of Asia Pacific. Favorable government policies, cheap labor and raw material are some of the important factors that makes the region a hub for apparel and non-apparel manufacturers. This factor has positively influenced the demand for sewing machines across the Asia Pacific region. Moreover, the fact that a large number of sewing machine manufacturers are headquartered in the region further contributes to the market growth in the region.

Key players profiled in the report include China Feiyue, Brother Industries, Juki Corporation, Jack Sewing Corporation, SVP Worldwide, Singer, Bernina International AG, Pegasus Sewing Machine Mfg. Co. Ltd., PFAFF Industriesysteme und Maschinen GmbH and Million Special Industries Co. Ltd. among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Sewing Machines market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Sewing Machines market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS
Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
Segmentation
Product
  • Industrial
    •     Flat Bed
    •     Post Bed
    •     Cylinder Bed
    •     Off the Arm
  • Home/Domestic
    •     Manual
    •     Electric
    •     Computerized
    •     Over Locker

Application
  • Apparels
  • Shoes
  • Bags
  • Others

Sales Channel
  • Online
  • Offline

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Sewing Machines market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Sewing Machines market?
  • Which is the largest regional market for Sewing Machines market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Sewing Machines market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Sewing Machines market worldwide?
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