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 report is founded on in-depth investigation, qualitative and quantitative evaluation by industry specialists, and contributions from supply chain participants and experts. The study thoroughly looks at controlling variables, parent market trends, macroeconomic information, and market attractiveness by market segment. The report also delineates the qualitative impact of critical market variables on market segments and geographies.
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Sewing Machine Market Scope:
This market review of sewing machines looks at the most recent trends, legal frameworks, trade analysis, business model, supply chain utilization, market dominance, the effect of localized and residential market players, assessments of potential revenue spots that could change, changes in market regulations, tactical industry growth analysis, sales volume, growth in specific markets, implementation of dominance and niches, product releases, worldwide coverage, and product launches. For an Analyst Brief and other information about the Sewing Machine industry, get in touch with Stellar industry Research. To achieve market expansion, our staff will help you make informed decisions about the market.
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 competitors in the market are adopting various growth strategies, including partnerships and strategic alliances as well as the launch of new products, in order to increase their footprint in developing countries and ultimately boost their customer base. Some of the leading companies in the sewing machine market are as follows:
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 country-focused examination of the Sewing Machine market report also covers specific market-affecting factors and legislative changes that have an impact on current and future marketing tactics. A few of the main components that are used to estimate the state of the market for specific countries are shipping analysis, price prediction modeling, consumer volumes, processing and inventory levels, raw material prices, and upstream and downstream value chain analysis. The presence and affordability of global brands, the challenges they confront from strong or moderate competition from local and domestic manufacturers, the impact of local tariffs, and shipping lanes are all taken into consideration while providing forecast analysis of the national data.
COVID-19 Impact Analysis on Sewing Machine Market:
The COVID-19 pandemic caused a sharp and protracted fall in production efficiency, and travel restrictions and factory closures prevented individuals from visiting their places of business, which caused the sewing machine market to contract in 2020. The influence of the pandemic on the sewing machine market is covered in the latest research, together with observations, analysis, estimates, and estimations. The Stellar Sewing Machine Market Research study includes a detailed analysis of consumer behavior following the infection and how it affected the market’s classification, trends, outlook, and financial limitations.
Key Questions Answered in the Sewing Machine Market Report are:
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- What are the drivers motivating overall Sewing Machine market advancement in the upcoming period?
- What revenue potential is estimated from the Sewing Machine market’s transactions in the years ahead?
- What CAGR potential is forecasted for the Sewing Machine market in the approaching period?
- Who are the significant contenders functioning in the Sewing Machine market?
- Which region is leading the global Sewing Machine market share at the end of the forecast period?
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