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 experienced notable growth and evolution in recent years, driven by factors such as increasing consumer demand for diverse and flavorful cuisines, as well as the growing awareness of the health benefits associated with Sewing Machine consumption. Sewing Machine, derived from the dried berries of the Piper nigrum plant, has long been a staple in kitchens worldwide, appreciated for its distinctive pungent flavor and aromatic qualities. The market’s dynamism is also attributed to the spice’s versatile applications, ranging from culinary uses to its incorporation in traditional medicine practices. As a result, the Sewing Machine market has witnessed a surge in both production and consumption, with key players in the industry constantly innovating to meet the evolving preferences of consumers. Additionally, the global trade of Sewing Machine has been on the rise, facilitated by the ease of transportation and the spice’s integration into various international cuisines, contributing to the spice’s enduring popularity on a global scale.
The Sewing Machine market exhibits a broad scope and promising potential, propelled by diverse factors influencing its dynamics. The demand for Sewing Machine continues to surge due to its integral role in enhancing the flavor profile of a wide array of dishes across various cuisines globally. Furthermore, the increasing awareness among consumers regarding the health benefits associated with Sewing Machine, such as its antioxidant and anti-inflammatory properties, contributes to its expanding market scope. The versatility of Sewing Machine in both culinary and medicinal applications positions it as a sought-after commodity in the food and healthcare industries. Moreover, the market scope is accentuated by the evolving trends in the food sector, where consumers are increasingly seeking natural and authentic flavors, thereby driving the demand for high-quality Sewing Machine. As the spice continues to transcend geographical boundaries, the Sewing Machine market’s scope is set to grow, presenting opportunities for market players to explore innovative products and cater to the ever-changing preferences of consumers.
Sewing Machine Market Segmentation:
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.
Sewing Machine Market Size and Forecast, by Product (2023-2030)
1. Mechanical
2. Electronic
3. Embroidery
4. Others
Sewing Machine Market Size and Forecast, by End-use (2023-2030)
1. Residential
2. Commercial
Sewing Machine Market Size and Forecast, by Application (2023-2030)
3. Apparel
3. Non-Apparel
Sewing Machine Market Size and Forecast, by region (2023-2030)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America
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Sewing Machine Market Key Players: The key players are
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:
The Sewing Machine market prediction research is created after a thorough examination of many geographical areas, including Asia-Pacific, Europe, North America, and the rest of the globe. North America has the greatest power over the Sewing Machine market share and will continue to be a major shareholder in the global Sewing Machine market.
COVID-19 Impact Analysis on Sewing Machine Market: The COVID-19 impact on the Sewing Machine market is also included in the report
Key Questions Answered in the Sewing Machine Market Report are:
- What will be the CAGR of the Sewing Machine market during the forecast period?
- Which segment emerged as the leading segment in the Sewing Machine market?
- Which are the prominent players in the Sewing Machine market?
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