Description
Sewing Machine Market
Sewing Machine Market to surpass USD 789.95 million by 2031 from USD 475.8 million in 2021 at a CAGR of 5.2% within the coming years, i.e., 2021-31.
Product Overview
Sewing machines are used to stitch different kinds of fabrics and are worked by power, treadle, and electricity. Sewing machines are becoming advanced and faster than in the past owing to improved technology. Sewing machines are majorly used to stitch together fabrics and textiles and create unique products. A Sewing machine is widely used because of its prominent features such as it saves time and manual work. The Use of sewing machines is high in demand.
Market Highlights
Sewing Machine Market is predicted to project a notable CAGR of 5.2% in 2031.
Sewing machines have widespread applications including garments, sportswear, automotive textile, and others. furthermore, increasing demand for high accuracy and speed in sewing results in a rise in demand in the sewing machine market. Apart from this, the rise in the textile industry owing to the growth in consumer spending power in the developing regions also results in market growth.
Recent News and Development:
In January 2020, the JUKI corporation announced the merger of its subsidiaries JUKI Industrial Co., Ltd., And JUKI precision Co. Ltd. This is expected to rationalize the organizations productivity and improve its operations.
Sewing Machine Market: Segments
Flat-bed swing machine to grow with the highest CAGR during 2020-2030
By product, the market is segmented into the Flat-Bed Sewing Machine, Cylinder-Bed Sewing Machine, Post-Bed Sewing Machine, Long-Arm Sewing Machine. The flat-bed sewing machine is dominating the sewing machine market. It is similar to the traditional sewing machine and is used to sew pieces of cloths together. Flat-bed sewing machines are majorly used owing to their widespread uses in making garments, shoes uppers, leather cloths, the automotive industry, and many others. The applications of Flat-Bed sewing machines will make the industry grow.
Computer Controlled Sewing Machine with the highest CAGR during 2020-2030
Increasing automation in industries is likely to drive the adoption of computer-controlled sewing machines. Furthermore, the benefits derived by computer-controlled sewing machines such as increased productivity, time-efficient, and reduction in power consumption are making the computer-controlled sewing machine more popular. Additionally, these machines practice various types of stitching by installing different programs from the web. Thus, producers are seeking to produce computer-controlled sewing machines.
Sewing Machine Market: Market Dynamics
Drivers
Growth Of Textile Products
Increasing consumer spending power led to growth of textile manufacturers which ultimately lead to increase on sewing machine market. Disposable income of consumers has been increased which directly effect the sewing machine market. Thus, it can be said that the Sewing Machine Market is inextricably linked with the textile industry. Furthermore, architectural membrane for new modern structure is in trend these days. In addition, increasing adoption of fabric structures owing to their benefits such lightweight, sound insulation, heat insulation, and other advantages, is expected to drive the sewing machine market in the near future.
Technology Advancement
Technological advancement in the field of textile industry is estimated to rise which in turn will result in the growth of sewing machine market growth. Furthermore, rise in demand for high accuracy goods and high speed in sewing is further expected to grow the sewing machine market. Valve-added products are gaining popularity among consumers and hence, the increased demand for textile will result in the sewing machines market growth.
Restraints
Limited features
Sewing machines have very limited components and in some cases no free arms, which leads to a need for manual use. Workers working in sewing machine industries should be educated so that they can read the process and cautions accordingly and they should also have good knowledge of machines. Companies in the sewing machine market are educating employees about the motor, head, table of the industrial model of sewing machine to help individuals, which adds extra cost to industry.
Effects of COVID19 in the Sewing Machine Market
A large number of Sewing Machine Market companies felt the impact of the COVID19 pandemic in multiple dimensions. Changes in consumer behavior and manufacturing trends during covid-19 has affected the market size as the manufacturing units were instructed to halt their manufacturing sector during the initial phase of lockdown. However, the government bodies have eased off the existing curbs to cooperate with the industry in economic terms hence, the market is expected to soar soon.
Sewing Machine Market: Key Players
JUKI Corporation
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Brother Industries, Ltd.
PEGASUS SEWING MACHINE MFG. CO. LTD.
SINGER Sewing Company
PFAFF Industriesysteme und Maschinen
Janome America, Inc.
Husqvarna AB.
Shang Gong Group Co., Ltd.
Bernina International AG
Other Prominent Players
Sewing Machine Market: Regions
Sewing Machine Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East Africa. Asia-Pacific is expected is expected to lead the market of sewing machines for the forecast timeframe owing to the increasing demand for sewing machines from various industries including personal luxury goods, garments, automotive, others. Furthermore, sewing machines are in high demand in Japan. Europe is expected to contribute to the growth of industrial sewing machines owing to rise in textile industry.
Sewing Machine Market is further segmented by region into:
North America Market Size, Share Trends, Opportunities, Y-o-Y Growth, CAGR-United States and Canada
Latin America Market Size, Share Trends, Opportunities, Y-o-Y Growth, CAGR-Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share Trends, Opportunities, Y-o-Y Growth, CAGR- United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia Pacific Market Size, Share Trends, Opportunities, Y-o-Y Growth, CAGR-India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Sewing Machine Market report also contains analysis on:
Sewing Machine Market Segments:
By Product
Flat-Bed sewing Machine
Cylinder-Bed Sewing Machine
Post-Bed Sewing Machine
Long-Arm Sewing Machine
Others
By Operation
Manual Sewing Machine
Automatic Sewing Machine
Computer Controlled Sewing Machine
By Application
Apparel
Non-Apparel
Sewing Machine Market Dynamics
Sewing Machine Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value chain of the Market
Market Drivers and Restraints
Sewing Machine Market Report Scope and Segmentation
Report Attribute Details
Market size value in 2021 USD 475.8 million
Revenue forecast in 2031 USD 789.95 million
Growth Rate CAGR of 5.2% from 2021 to 2031
Base year for estimation 2021
Quantitative units Revenue in USD million and CAGR from 2021 to 2031
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered product, Application, operation, and Region
Region scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa (MEA)
Key companies profiled JUKI orporation, Brother Industries, Ltd., PEGASUS SEWING MACHINE MFG. CO. LTD., SINGER Sewing Company, PFAFF Industriesysteme und Maschinen, Janome America, Inc., Husqvarna AB., Shang Gong Group Co., Ltd., Bernina International AG
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