Global Sewing Machines Market Report 2022: Market to Hit $4.2 Billion by 2026 – Industrial Sewing Machines to Be $2.4 Billion

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Dublin, March 11, 2022 (GLOBE NEWSWIRE) — The “Sewing Machines – Global Market Trajectory and Analysis” report has been added to from ResearchAndMarkets.com offer.

Global sewing machine market to reach $4.2 billion by 2026

The global sewing machine market, estimated at US$3.3 billion in 2020, is expected to reach a revised size of US$4.2 billion by 2026, growing at a CAGR of 4.3% on the period of analysis.

Apparel, one of the end-use segments analyzed in the report, is expected to register a CAGR of 4.7% and reach US$2.7 billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the non-apparel end-use segment is readjusted to a revised CAGR of 3.8% for the next 7-year period.

The US market is estimated at $591.5 million in 2021, while China is expected to reach $1.5 billion by 2026

The sewing machine market in the United States is estimated to be worth US$591.5 billion in 2020. China, the world’s second largest economy, is expected to reach a projected market size of US$1.5 billion by 2026 , with a CAGR of 5.4% over the analysis period. Other noteworthy geographic markets include Japan and Canada, each forecasting growth of 3.1% and 3.2% respectively over the analysis period. In Europe, Germany is expected to grow at a CAGR of around 2.6%.

Growing global population, increasing disposable income, and strong demand for accessories and apparel are the major drivers for the growth of the sewing machine market. The long-term growth of the market will be driven by factors such as growing demand for advanced and feature-rich sewing machines, launch of various innovative technologies and software, and rise of sewing as a hobby among new sewing enthusiasts. Growing consumer preference for sophisticated features and functions will drive the demand for smart sewing machines in the coming years.

Industrial Sewing Machines Will Hit $2.4 Billion By 2026

The global industrial sewing machine market is estimated at US$1.9 billion in 2020 and is expected to reach US$2.4 billion by 2026, reflecting a compound annual growth rate of 4.9% over the period analysis.

China is the largest regional market for the industrial segment, accounting for 47.4% of global sales in 2020. China is poised to register the fastest compound annual growth rate of 5.6% over the period. analytics, to reach $1.2 billion by 2026.

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Impact of the COVID-19 pandemic and the impending global recession
  • The textile industry remains hard hit by the pandemic
  • COVID-19 inflicts massive damage on the global textile machinery industry
  • Sewing business rises to prominence amid pandemic, providing opportunities for home sewing machines
  • The global economy is staring at an impending crisis
  • Household sewing machines
  • Industrial sewing machines
  • Sewing Machines: Provide unlimited creativity for industrial users, quilters, home decor sewers and fashion enthusiasts.
  • Industrial sewing machines dominate the global market
  • Developing economies to drive long-term growth
  • Competetion
  • Select popular sewing machines
  • Global brands
  • Recent market activity

2. FOCUS ON CERTAIN PLAYERS(Total 104 featured)

  • Aisin Seiki Co., Ltd.
  • Baby Lock
  • Brother Industries, Ltd.
  • Brother International Corporation
  • Bernina International AG
  • Jaguar International Corporation
  • Janome Sewing Machine Co., Ltd.
  • Elna International Corp. HER
  • Juki Corporation
  • Kaulin Manufacturing Co., Ltd./Siruba
  • Merrow Inc.
  • Million Special Industries Co.,Ltd
  • Jack Sewing Machine Co., Ltd.
  • Sewing machine Pegasus Mfg. Co., Ltd.
  • Rimoldi & CF srl
  • SEIKO Sewing Machine Co., Ltd.
  • SGSB Group Co., Ltd
  • Global Vice President
  • Singer Sewing Company
  • TAJIMA Group
  • Xi’an Typical Industries Co. Ltd.
  • Zhejiang Doso Sewing Machine Co., Ltd.

3. MARKET TRENDS AND DRIVERS

  • Growing demand for advanced and feature-rich sewing machines to generate healthy long-term earnings
  • Energy efficiency: a key factor for technological innovation
  • Computerized Sewing Machines: Major Innovation Fueling Market Growth
  • Innovative embroidery software creates significant market opportunities
  • The rise of sewing as a leisure activity among new sewing enthusiasts is driving demand for home sewing machines
  • Key Buying Considerations for Pros and Newbies
  • The growing interest of DIYers promises great prospects for the market
  • Friendly templates for new sewing enthusiasts to drive adoption
  • Specialized sewing machines for sewing, repairing and attaching leather products are gaining in importance
  • Apparel Demand and Textile Industry Trends Affect the Demand for Industrial Sewing Machines
  • With apparel and textile manufacturing halted due to the COVID-19 outbreak, the impact is imminent on sewing machine sales
  • Fashion-conscious women trigger changes in player strategies
  • Automobile sales and production pick up to fuel demand for car hoods and upholstery sewing machines
  • Technical textiles present opportunities for the industrial sewing machine market
  • Embroidery machines: enabling craftsmanship in the fashion industry
  • Factors determining the choice of a suitable embroidery machine
  • Industry 4.0 unites connectivity, flexible automation and intelligence
  • Robotic Tailoring: Future of Fashion to Propel Market Growth
  • The transformational impact of sewing robots
  • Automation of sewing process flows is gaining momentum
  • Latest technological developments in the sewing machine market
  • The market will benefit from the emergence of new sewing machines with various features
  • Innovations and Advancements in Sewing Machines to Drive Market Growth
  • Advanced PC and Wi-Fi Sewing Machines
  • Machines with built-in needle threader, top loading and plug-in bobbin systems
  • Sewing machines for sewing robots, implantable systems and portable electronics
  • Digitally advanced sewing machines
  • High speed sewing machines
  • Stitch regulator technologies to master free-motion techniques
  • Online marketing increases market competition
  • Demographics Influence Industry Dynamics
  • World population growth
  • Women: the largest household sewing machine consumer base
  • Booming middle class population
  • Operator safety: a major challenge for the sewing machine market

4. GLOBAL MARKET OUTLOOK

III. REGIONAL MARKET ANALYSIS

IV. COMPETETION

For more information on this report, visit https://www.researchandmarkets.com/r/5syxqi

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