The sewing machine global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Sewing Machine Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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.
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
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.
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
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Regional Insights –
Asia-Pacific was the largest region in the sewing machine market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sewing machine market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the sewing machine market include Intel Corporation, Mediatek Inc, NVIDIA Corporation, Qualcomm Technologies Inc, Advanced Micro Devices Inc, Alphabet Inc, NXP Semiconductors N.V, Micron Technology Inc, IBM Corporation, Apple Inc, Huawei Technologies Co Ltd, Mythic Inc, Samsung Electronics Co ltd, LG Corporation, Google LLC, Advanced Micro Devices Inc, Baidu, MediaTek Inc, Mellanox Technologies, Xilinx Inc, Graphcore, Cerebras Systems, Habana Labs
Table of Contents
1. Executive Summary
2. Sewing Machine Market Report Structure
3. Sewing Machine Market Trends And Strategies
4. Sewing Machine Market – Macro Economic Scenario
5. Sewing Machine Market Size And Growth
…..
27. Sewing Machine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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