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 Report Overview
A new report published by Global Market Intelligence firm, Maximize Market Research, indicates that the Sewing Machine Market is expected to grow significantly in the coming years. The report identifies the key drivers of growth, as well as the major restraints and challenges that the market is facing. It also provides insights into the potential opportunities that exist in the market.
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Sewing Machine Market Report Scope
The report provides current Sewing Machine market trends and regional insights, including demand, supply, and sales, as well as recent changes in the market. It focuses on the key drivers and restraints for key players, as well as the current competitive landscape. The report also provides the latest data on market statistics, future developments, size, and emerging trends, which can help you identify the products and end users that are driving revenue growth and profitability. It also includes company profiles, product specifications, production capacity/sales, revenue, price, gross margin, and sales by product.
Sewing Machine Market Regional Analysis
The Sewing Machine market report provides a comprehensive overview of the market, including its geographic condition, market size and share, business network structure, opportunities, and news updates.
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.
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
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.
For any Queries Linked with the Report, Ask an Analyst
@ https://www.maximizemarketresearch.com/market-report/sewing-machine-market/84626/
Key Questions answered in the Sewing Machine Market Report are:
- What is Sewing Machine?
- What is the forecast period of the Sewing Machine Market?
- What is the expected Sewing Machine market size by the end of the forecast period?
- What will be the CAGR of the Sewing Machine market during the forecast period?
- Who are the key players in the Sewing Machine industry?
- Which region held the largest market share in the Sewing Machine Market?
- What are the opportunities for the Sewing Machine Market?
- What are the factors restraining the Sewing Machine market growth?
Key Offerings:
- Past Market Size and Competitive Landscape (2017 to 2021)
- Past Pricing and price curve by region (2017 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis of segments and their sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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