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 Overview:
The Sewing Machine Market presents a dynamic landscape shaped by evolving consumer needs and technological advancements. As a staple in households and industries alike, sewing machines serve a diverse range of purposes, from crafting and garment making to industrial-scale manufacturing. The market is characterized by a wide array of products, including mechanical, electronic, and computerized sewing machines, each catering to specific user preferences and skill levels. Recent innovations, such as integrated smart technologies and automated features, are transforming the sewing experience, enhancing precision and convenience. The market’s dynamics are further influenced by factors such as the growing DIY culture, fashion trends, and sustainability concerns, all of which contribute to shaping the demand and development of sewing machines across the globe. As the market continues to evolve, manufacturers are challenged to strike a balance between traditional craftsmanship and cutting-edge technology to meet the diverse demands of both individual consumers and industrial users.
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Sewing Machine Market Scope:
The “Global Sewing Machine Market Analysis” is a detailed investigation of the Sewing Machine market, with a focus on global market trends and analysis. The goal of this research is to provide an overview of the Sewing Machine market as well as detailed market segmentation by application, end-use, and geography. The Sewing Machine market is expected to develop substantially over the forecast period. The study contains critical information on the market positions of the leading Sewing Machine players, as well as noteworthy industry trends and opportunities.
The research method used to assess and anticipate the Sewing Machine market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segment estimation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Sewing Machine market was calculated using the revenue of significant enterprises.
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:
The major players covered in the Sewing Machine market report are
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:
Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Sewing Machine Market:
Aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 outbreak. COVID-19 has had an impact on the Sewing Machine market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spread. Our most recent inquiry, opinions, and bits of knowledge on the market are critical to the businesses and associations in the Sewing Machine industry,
Key Questions Answered in the Sewing Machine Market Report are:
- Which segment grabbed the largest share in the Sewing Machine market?
- What was the competitive scenario of the Sewing Machine market in 2021?
- Which are the key factors responsible for the Sewing Machine market growth?
- Which region held the maximum share in the Sewing Machine market in 2021?
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