Sewing Machine Market Emerging Trends, Global Demands, and Key Companies Analysis Report, 2018 - 2023
Rapid surge in sewing machine industry is credited to the increasing use of sewing machine for production of apparel, protective wear, sportswear, shapewear, casuals, and winter wear.
(firmenpresse) - The global sewing machine market is expected to display higher growth rate over the next seven years. Rapid surge in sewing machine industry is credited to the increasing use of sewing machine for production of apparel, protective wear, sportswear, shapewear, casuals, and winter wear. Increasing preference towards sewing machine over traditional devices for bulk manufacturing of large diameter fabrics is expected to boost market demand in the upcoming years.
Use of sewing machines for production of car upholstery, furniture products and circular knit beds is propelling market growth as well, in the recent years. Globally, sewing machines market is predicted to generate massive revenue over the next seven years, providing numerous opportunities for industry participants to invest in research and development of sewing machines. Sewing machines are increasingly used for production of technical textiles, which are used in various end-user industries.
Increasing demand for sewing machine from apparel manufacturers to produce complex & tailor-made fabrics with diverse knitting construction patterns is expected to play major contributing factor for industry expansion over the forecast period. Development of cost-effective sewing machine by industry participants with high performance capabilities are expected to favor market growth in the recent years. In addition, presence of vast number of Omni-channels for distribution network is expected to passively impact market growth.
Development of highly advanced industrial sewing machines that can deliver high accuracy, maintain high speed, and at the same time be durable is predicted to fuel market growth over the coming years. Industrial sewing machines are used to manufacture bags, car upholstery, furniture products, garments, apparels, and shoes.
The sewing machines industry is broadly categorized into two major segments based on the product type such as home sewing machines and industrial sewing machines. Home sewing machines segment is growing rapidly in the sewing machine market with substantial revenue generation in the last few years. Growing popularity of home sewing machines segment is attributed to the increasing product penetration and rising number of online distribution channels.
The sewing machine industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in textile sector, surge in number of research & development activities and existence of well-established manufacturing infrastructure in the region. In European region, Germany, Switzerland, Italy and United Kingdom are projected to witness steady growth.
Asia-Pacific region is estimated to hold a major share in the sewing machines market with massive growth in forecast period. Countries such as India, China, Japan and Singapore are leading the Asia-Pacific market with strong economic growth, increasing manufacturing activities, robust growth in textile industry, increasing demand from ever-growing population, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the sewing machines industry are Brother Industries, Ltd., PFAFF Industriesysteme und Maschinen GmbH, Bernina International AG, Juki India Private Ltd., Singer Corp., JACK Sewing Machine Co., Ltd., Million Special Industries Co., Ltd., and Pegasus Sewing Machine Mfg., Co., Ltd.
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Datum: 18.05.2020 - 13:02 Uhr
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