The Sewing Machine Market size was valued at USD 9.9 Billion in 2022 and the total Sewing Machine Market revenue is expected to grow at a CAGR of 17.8% from 2023 to 2029, reaching nearly USD 36.71 Billion.
Sewing Machine Market Overview:
The Sewing Machine Market study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the global industry. The scope of the research includes a thorough investigation of the Sewing Machine Market , as well as the reasons for variations in the industry’s growth in various locations.
Sewing Machine Market Scope:
This market report makes extensive use of secondary sources, directories, and databases, such as annual reports, press releases, journals, company websites, and other databases, to discover and collect excerpts acceptable for this study.
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Drivers:
The Sewing Machine experiencing greater demand in various industries, mainly in the automotive and construction industry. In automobiles, textiles are widely utilized for vehicle interiors such as for making automotive carpets, seatbelt webbings, fabric board designing, car covers manufacturing, and nylon tire cords, is the factor considered to attribute the growth of sewing machines in the market.
Nowadays, textile manufacturers are investing more in new apparels manufacturing which has created enlarging demand for cloth retailing as well as e-retailers across the globe. According to International Textiles Manufacturers Federation, the global textile industry is expected to reach approximately 1400 billion USD at the end of 2029, owing to the increasing use of natural fibers including cotton, silk, and others, which in turn, increase demand for the sewing machine across the globe.
Sewing Machine Market Segmentation:
by Product
Mechanical
Electronic
Embroidery
Others
by End-use
Industrial
Household
by Application
Apparel
Non-Apparel
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Sewing Machine Market Key Players :
The entire method entails an examination of the key market players’ financial reports. Following the assessment of the overall market size, the market was segmented into several segments and sub-segments and validated by key industry professionals such as CEOs, VPs, directors, and marketing executives. The biggest players in the Sewing Machine Market are as follows:
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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Regional Analysis:
Individual market influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the Sewing Machine Market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Sewing Machine Market :
Due to a break in operations, end-user sectors where Sewing Machine Market are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Sewing Machine Market manufacturers, affecting the development of the Sewing Machine Market in 2020. End-user business demand for Sewing Machine Market has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.
Key Questions Answered in the Sewing Machine Market Report are:
- Which segment had the largest share in the Sewing Machine Market in 2021?
- What is the competitive landscape of the Sewing Machine Market ?
- Which are the key drivers aiding the Sewing Machine Market growth?
- Which region has the maximum share in the Sewing Machine Market ?
- What will be the CAGR of the Sewing Machine Market during the forecast period (2022-2027)?
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