DUBLIN, March 08, 2022–(BUSINESS WIRE)–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
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Impact of the COVID-19 pandemic and the impending global recession
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The textile industry remains hard hit by the pandemic
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COVID-19 inflicts massive damage on the global textile machinery industry
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Sewing business rises to prominence amid pandemic, providing opportunities for home sewing machines
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The global economy is staring at an impending crisis
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Household sewing machines
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Industrial sewing machines
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Sewing Machines: Provide unlimited creativity for industrial users, quilters, home decor sewers and fashion enthusiasts.
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Industrial sewing machines dominate the global market
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Developing economies to drive long-term growth
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Competition
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Select popular sewing machines
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Global brands
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Recent market activity
2. FOCUS ON SELECT PLAYERS (Total 104 Featured)
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Aisin Seiki Co., Ltd.
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Baby Lock
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Brother Industries, Ltd.
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Brother International Corporation
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Bernina International AG
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Jaguar International Corporation
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Janome Sewing Machine Co., Ltd.
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Elna International Corp. HER
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Juki Corporation
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Kaulin Manufacturing Co., Ltd./Siruba
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Merrow Inc.
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Million Special Industries Co.,Ltd
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Jack Sewing Machine Co., Ltd.
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Sewing machine Pegasus Mfg. Co., Ltd.
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Rimoldi & CF srl
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SEIKO Sewing Machine Co., Ltd.
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SGSB Group Co., Ltd
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Global Vice President
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Singer Sewing Company
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TAJIMA Group
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Xi’an Typical Industries Co. Ltd.
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Zhejiang Doso Sewing Machine Co., Ltd.
3. MARKET TRENDS AND DRIVERS
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Growing demand for advanced and feature-rich sewing machines to generate healthy long-term earnings
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Energy efficiency: a key factor for technological innovation
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Computerized Sewing Machines: A Major Innovation Fueling Market Growth
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Innovative embroidery software creates significant market opportunities
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The rise of sewing as a leisure activity among new sewing enthusiasts is driving demand for home sewing machines
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Key Buying Considerations for Pros and Newbies
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The growing interest of DIYers promises great prospects for the market
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Friendly templates for new sewing enthusiasts to drive adoption
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Specialized sewing machines for sewing, repairing and attaching leather products are gaining in importance
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Apparel Demand and Textile Industry Trends Affect the Demand for Industrial Sewing Machines
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With apparel and textile manufacturing halted due to the COVID-19 outbreak, the impact is imminent on sewing machine sales
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Fashion-conscious women trigger changes in player strategies
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Automobile sales and production pick up to fuel demand for car hoods and upholstery sewing machines
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Technical textiles present opportunities for the industrial sewing machine market
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Embroidery machines: enabling craftsmanship in the fashion industry
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Factors determining the choice of a suitable embroidery machine
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Industry 4.0 unites connectivity, flexible automation and intelligence
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Robotic Tailoring: Future of Fashion to Propel Market Growth
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The transformational impact of sewing robots
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Automation of sewing process flows is gaining momentum
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Latest technological developments in the sewing machine market
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The market will benefit from the emergence of new sewing machines with various features
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Innovations and Advancements in Sewing Machines to Drive Market Growth
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Advanced PC and Wi-Fi Sewing Machines
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Machines with built-in needle threader, top loading and plug-in bobbin systems
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Sewing machines for sewing robots, implantable systems and portable electronics
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Digitally advanced sewing machines
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High speed sewing machines
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Stitch regulator technologies to master free-motion techniques
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Online marketing increases market competition
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Demographics Influence Industry Dynamics
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World population growth
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Women: the largest consumer base for household sewing machines
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Booming middle class population
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Operator safety: a major challenge for the sewing machine market
4. GLOBAL MARKET OUTLOOK
III. REGIONAL MARKET ANALYSIS
IV. COMPETITION
For more information on this report, visit https://www.researchandmarkets.com/r/l68ddz
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220308005970/en/
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