The Sewing Machine Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Sewing Machine Global Market Report 2024, The sewing machine market size has grown strongly in recent years. It will grow from $4.97 billion in 2023 to $5.3 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to growth in the fashion and apparel industry, expansion of home sewing and diy crafting activities, increased disposable income and consumer spending on apparel, demand for industrial sewing machines in manufacturing, emphasis on textile and leather industries, rise in popularity of customized and tailored clothing.
The sewing machine market size is expected to see strong growth in the next few years. It will grow to $6.8 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to adoption of computerized and automated sewing machines, expansion of sewing machine markets in emerging economies, research and development in sustainable sewing technologies, need for specialized machines for technical textiles, emphasis on compact and portable sewing machines, growing demand for smart and connected sewing machines. Major trends in the forecast period include computerized and programmable machines, smart and iot-enabled sewing machines, high-speed industrial sewing machines, integration of ai for pattern recognition, eco-friendly and sustainable sewing practices.
The rapid growth of the textile industry is contributing to the growth of the sewing machine market. Textile refers to a fabric (woven or knitted) made from yarn. A sewing machine is used to stitch the fabric and other pliable materials together with threads. For instance, according to EduRev data for 2022, the Indian textiles market is expected to be worth more than $209 billion by 2029. According to Business Standard data for 2022, textile and apparel exports in India increased 41% in the April-December 2021 period as compared to previous year. The rapid growth of the textile industry will drive the sewing machine market.
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The sewing machine market covered in this report is segmented –
1) By Type: Mechanical, Electronic, Automated, Embroidery, Overlock, Others
2) By Distribution Channel: Online, Offline
3) By Application: Apparel, Shoes, Bags
4) By End-Users: Household, Commercial, Industrial
Technological advancement is a key trend gaining popularity in the sewing machine market. Companies are launching products with new technologies to increase revenues and gain customers. For instance, in January 2023, PFAFF, a Germany-based sewing machine manufacturer, launched a new short-seam automatic sewing machine called the PFAFF 3686. The PFAFF 3686 is designed for darts and waistband pleats, making it the most versatile and efficient short-seam automatic sewing machine on the market. The machine is available in different models with varying seam lengths. The PFAFF 3686-25/11 is capable of sewing darts and waistband pleats with up to 490 mm of seam length, while the PFAFF 3686-23/12 can handle seam lengths of up to 300 mm.
The sewing machine market report table of contents includes:
- Executive Summary
- Sewing Machine Market Characteristics
- Sewing Machine Market Trends And Strategies
- Sewing Machine Market – Macro Economic Scenario
- Global Sewing Machine Market Size and Growth
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- Global Sewing Machine Market Competitive Benchmarking
- Global Sewing Machine Market Competitive Dashboard
- Key Mergers And Acquisitions In The Sewing Machine Market
- Sewing Machine Market Future Outlook and Potential Analysis
- Appendix
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