Sewing Machine Market size was valued at US$ 5.91 Bn. in 2023 and the total revenue is expected to grow at CAGR 5.68% through 2024 to 2030, reaching nearly US$ 8.71 Bn.
Sewing Machine Market Overview:
The "Global Sewing Machine Market Analysis" is a thorough examination of the Sewing Machine market, with an emphasis on global market trends and analysis. This research aims to give an overview of the Sewing Machine industry as well as a complete market analysis by segment and geography. The Sewing Machine market is predicted to grow significantly over the forecast period. The report includes vital information on the market positions of the major Sewing Machine companies, as well as notable industry trends and prospects.
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Sewing Machine Market Scope:
The report includes a PESTLE analysis to assess the market's major competitors' strengths and weaknesses. The report thoroughly investigates the Sewing Machine Market size, share, trends, total earnings, gross revenue, and profit margin in order to predict the market and give investors professional insights to keep them up to speed on market developments.
The research also focuses on the top industry players in the Global Sewing Machine market, including company biographies, product photos and specifications, capacity, production, price, cost, revenue, and contact information. This study investigates market trends, volume, and value at the global, regional, and corporate levels. This research looks at the whole Sewing Machine Market Size from a global perspective, analyzing historical data and creating estimates.
Sewing Machine Market Segmentation:
The market is divided into categories such as mechanical, electronic, embroidery, and others based on the type of product.
In 2023, the Electronic Sewing Machine category held the highest market share, accounting for 44.71%. Over the forecast period, this segment is anticipated to grow at a CAGR of 5.39%. Due to their many features, including superior quality, sophisticated stitching, and increased precision, electronic sewing machines are highly preferred by customers worldwide.
Over the course of the forecast period, the embroidery sewing machine segment is anticipated to grow at a CAGR of 4.92%. The fashion and textile industries frequently use embroidery sewing machines to create a variety of embroidered fabric patterns.
The market is divided into two segments based on End-Use: Household and Industrial. With a 64.51% market share in 2023, the Industrial segment was the largest in the market. Over the course of the forecast period, the segment is anticipated to grow at a CAGR of 6.1%. Due to their larger size, greater variety in sizes, and lower cost compared to household machines, industrial machines have taken over the market. Global production of industrial sewing machines is predicted to increase in response to the growing need for sewing machines with high levels of accuracy and speed.
Over the course of the forecast period, the Household segment is anticipated to grow at the highest CAGR of 4.93%. Sewing machine demand is rising due in large part to rising textile production and rising global consumer disposable income.
The market is divided into apparel and non-apparel categories based on application. Over the course of the forecast period, the apparel segment is anticipated to grow at the fastest rate—5.84%. The demand for this segment is a result of both the urban population and the fashion industry's steady growth. 9.The non-apparel segment is in higher demand due to growing demand from the automotive, healthcare, construction, and other industries. Sewing machines are used for a variety of items in the non-apparel market, including car seat covers, belts, purses, and bags.
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Sewing Machine Market Key Players:
Secondary research identifies key market participants, whereas primary and secondary research determines their market revenues. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers' annual and financial reports. Secondary sources are used to calculate percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data. The following is a list of a few firms involved in the Sewing Machine industry.
North America
1. Ares Capital Corp. (US)
2. Brother International Corp. (US)
3. China Feiyue USA Inc. (US)
4. Singer Corporation (US)
5. Baby Lock (US)
6. BERNINA of America, Inc. (US)
Asia-Pacific
1. Brother Industries, Ltd. (Japan)
2. JACK Sewing Machine Co. Ltd. (China)
3. Janome Sewing Machine co. Ltd. (Japan)
4. JUKI Corp.(Japan)
5. Mitsubishi Electric Corp. (Japan)
6. Shang Gong Group Co. Ltd. (China)
7. ZOJE Sewing Machine Co. Ltd. (China)
8. Seiko Sewing Machine Co. Ltd. (Japan)
9. Toyota (Japan)
10. Usha International (India)
11. Million Special Industries Co. Ltd. (Taiwan)
Europe
1. BERNINA International AG (Switzerland)
2. PFAFF Industriesysteme und Maschinen GmbH (Germany)
3. Kaulin (Finland)
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Sewing Machine Market Regional Analysis:
The Sewing Machine study delves into the geographic analysis, which is further subdivided into sub-regions and nations. This portion of the research includes profit estimates as well as market share data for each nation. This section of the research goes through each region's and country's share and growth rate during the projected time period.
After examining political, economic, social, and technological aspects impacting the Sewing Machine market in various areas, the research delivers a definitive PESTEL analysis for all five regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America.
COVID-19 Impact Analysis on Sewing Machine Market:
As a result of the COVID-19 pandemic, customer behaviour has evolved throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19's impact on the Sewing Machine market and will help you build your business in compliance with the new industry standards.
The Sewing Machine Market Report presents a 360-degree study under the COVID-19 Impact section, extending from the flexible supply chain and import restrictions to provincial government policy and future effect on the firm. Primary market research (2021-2027), venture competition examples, advantages and downsides of huge company streams, and industry growth patterns (2021-2027) have all been presented.
Key Questions Answered in the Sewing Machine Market Report are:
- How big is the market for Sewing Machine?
- Which regional market will emerge as the market leader in the next years?
- Which application category is expected to develop the fastest?
- What opportunities for growth may exist in the Sewing Machine industry in the next years?
- What are the most significant future challenges that the Sewing Machine market may face?
- Who are the market leaders in the Sewing Machine category?
- What are the main trends that are influencing market growth?
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