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 has witnessed significant growth in recent years, driven by a myriad of factors contributing to its expansion. The increasing demand for Sewing Machines across various industries, including construction, marine, and sports, has played a pivotal role in shaping the market landscape. Sewing Machines are indispensable in these sectors, serving diverse purposes such as lifting, securing, and towing, thereby fueling the market’s growth. Technological advancements in Sewing Machine manufacturing, leading to the development of stronger and more durable materials, have further intensified the market competition. Moreover, the growing emphasis on safety standards and regulations in industrial applications has heightened the demand for high-performance Sewing Machines, driving innovation in the market. As industries continue to evolve, the Sewing Machine market is poised for sustained growth, with manufacturers focusing on enhancing product versatility and durability to meet the evolving needs of end-users worldwide.
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Sewing Machine Market Scope:
The scope of the Sewing Machine market is expansive, encompassing a wide array of applications and industries globally. Sewing Machines serve as fundamental components across sectors such as construction, shipping, outdoor activities, and rescue operations. The market’s reach extends to various types of Sewing Machines, including synthetic, natural fiber, and steel Sewing Machines, each tailored to specific needs and environments. The increasing emphasis on sustainability and eco-friendly materials has led to the development of innovative Sewing Machines with reduced environmental impact. Additionally, the market scope is influenced by the ongoing advancements in Sewing Machine technology, resulting in the production of lightweight, high-strength, and corrosion-resistant Sewing Machines. As industries continue to diversify, the Sewing Machine market is expected to witness sustained growth, driven by the ever-expanding applications and the constant pursuit of enhanced performance and safety standards.
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 is used to identify market Sewing Machineers, while primary and secondary research is used to establish market revenue. Secondary research comprised a review of the Sewing Machineing manufacturers’ annual and financial reports, whilst primary research included thorough interviews with key opinion Sewing Machineers and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are used to calculate percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then validated using primary sources.
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:
Individual market influencing components and changes in market legislation that affect current and future market trends are also covered in the Sewing Machine market study’s regional overview. Current and future trends are investigated in order to analyze the overall market potential and find profitable patterns in order to get a more firm footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Sewing Machine Market:
End-user industries where Sewing Machine are utilized saw a decline in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Sewing Machinein, France, and India, due to a pause in operations. This resulted in a significant drop in the revenues of enterprises in these industries, as well as in demand for Sewing Machine manufacturers, affecting the Sewing Machine market’s growth in 2020. End-user business demand for Sewing Machine has plummeted as a result of lockdowns and an increase in COVID-19 events throughout the world.
Key Questions Answered in the Sewing Machine Market Report are:
- In 2021, which segment accounted for the most share of the Sewing Machine market?
- What is the competitive landscape of the Sewing Machine market?
- What are the key factors influencing Sewing Machine market growth?
- In the Sewing Machine market, which region has the most market share?
- What will be the CAGR of the Sewing Machine market during the forecast period (2022-2027)?
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