Sewing Machine Market size was valued at US$ 5.91 Bn. in 2022 and the total revenue is expected to grow at CAGR 5.68% through 2022 to 2029, reaching nearly US$ 8.71 Bn.
Sewing Machine Market Report Overview
The Sewing Machine Market Research Report provides a comprehensive overview of the market, including its current state, definitions, classifications, applications, industry chain structure, and key players. The report also includes unbiased professional commentary on the present market scenario, market performance, production and consumption rates, demand and supply ratios, and income generation over the forecast period. In addition, the report provides information on the leading businesses functioning in the Sewing Machine industry, their strategic ambitions, and company growth strategies.The report also evaluates mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand promotions, and product launches in the Sewing Machine market.
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Sewing Machine Market Scope
Maximize Market Research's Sewing Machine Market Report provides a comprehensive analysis of the market, using a dynamic research methodology. The report covers major growth drivers, market dynamics, challenges, and scope, as well as PESTLE, Porter, and SWOT analyses. It also includes information on the latest developments and technologies in the global Sewing Machine market.
The report provides detailed information on the global Sewing Machine market, including market shares, supply chain analysis, and key success factors. It also includes the opinions of industry experts from top leading organizations in the global Sewing Machine market.
The report covers the following historical years (2017-2021), base year (2022) and forecast period (2023-2029).
Sewing Machine Market Segmentation
The market is divided into categories such as mechanical, electronic, embroidery, and others based on the type of product.
In 2022, the Electronic Sewing Machine category held the most market share, accounting for 44.71%. Over the projection period, this segment is anticipated to increase at a CAGR of 5.39%. Due to its many characteristics, including superior quality, sophisticated stitching, and increased precision, electronic sewing machines are highly preferred by customers worldwide.
Over the course of the projection period, the embroidery sewing machine segment is anticipated to rise at a CAGR of 4.92%. The fashion and textile industries frequently employ embroidery sewing machines to create a variety of embroidered cloth patterns.
The market is divided into two segments based on End-Use: Household and Industrial. With the greatest market share of 64.51% in 2022, the Industrial category is predicted to expand at a compound annual growth rate (CAGR) of 6.1% throughout the course of the forecast period. Due to their larger size, more variety in sizes, and lower cost compared to residential 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 precision and speed.
Over the course of the projection period, the Household category is anticipated to rise 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. Throughout the projected period, the Non-Apparel category is anticipated to increase at a substantial rate. The non-apparel market is in higher demand due to growing demand from the automotive, healthcare, and construction industries, among others. Sewing machines are utilized for a variety of items in the non-apparel market, including car seat coverings, belts, handbags, and bags.
Market Size (Value) Estimates & Forecast By Product type, 2022-2029
1. Mechanical
2. Electronic
3. Embroidery
4. Others
Market Size (Value) Estimates & Forecast By End-use, 2022-2029
1. Industrial
2. Household
Market Size (Value) Estimates & Forecast By Application, 2022-2029
1. Apparel
2. Non-Apparel
Market Size (Value) Estimates & Forecast By Region, 2022-2029
1. North America
2. Europe
3. Asia-Pacific
4. Middle East & Africa
5. South America
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Sewing Machine Market Key Players
1. Ares Capital Corp.
2. BERNINA International AG
3. Brother International Corp.
4. China Feiyue USA Inc.
5. JACK Sewing Machine Co. Ltd.
6. Janome Sewing Machine co. Ltd.
7. JUKI Corp.
8. Mitsubishi Electric Corp.
9. Shang Gong Group Co. Ltd.
10. ZOJE Sewing Machine Co. Ltd.
11. Seiko Sewing Machine Co. Ltd.
12. Singer Corporation
13. Brother Industries, Ltd.
14. Kaulin
15. Million Special Industries Co. Ltd.
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Sewing Machine Market Regional Analysis
The report provides the statistical market growth data for every influencing economy in the global Sewing Machine market. The various countries like North America, Asia-Pacific, Europe, Latin America, and MEA are considered while preparing report. All the emerging trends with population growth along with government strategies and regulations are covered in the report. The final conclusion part of regional insights consists, of all economies’ in the market influencing data in the form of historical as well as forecasted period.
Key Questions answered in the Sewing Machine Market Report are:
- What is the forecast period of the Sewing Machine Market?
- What is the competitive scenario of the Sewing Machine market?
- Which region held the largest market share in the Sewing Machine Market?
- What are the opportunities for the Sewing Machine Market?
- What are the restraining factors in the Sewing Machine market?
- Who are the key players of the Sewing Machine market?
Key offerings:
- Past Market Size and Competitive Landscape (2017 to 2022)
- Past Pricing and price curve by region (2017 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segments and sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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