Global Market for Sewing Machines is Forecast to Reach 30.8 Million Units by 2020

Rise in Hobbyist Sewing Drives the Global Sewing Machines Market, According to New Report by Global Industry Analysts, Inc.
           
GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, market size and demand forecasts on the global Sewing Machines markets. Global market for Sewing Machines is forecast to reach 30.8 million units by 2020, driven by the rising popularity of sewing as a leisure pursuit.

The sewing machine industry comprises home sewing machines and industrial sewing machines. Industrial sewing machines are used in garments, shoes and bag manufacturing, among others, while home sewing machines are used for family and light manufacturing purposes. Asia-Pacific represents the most important market for home sewing machines driven by cultural and social factors that encourage crafting, home decoration, mending and costume making among women. Growth in the region is also being led by the burgeoning young population that are currently exploring the art of sewing. The scenario provides lucrative opportunities for manufacturers of basic and affordable sewing machines in the region. Over the last few decades, the sewing machine industry witnessed a significant change in production landscape with the rampant exodus of production facilities from developed markets to low-cost Asian countries. Asia-Pacific has emerged as a strong competitor to manufacturers in Japan and the West.

Growing consumer preference for high-end features is driving demand for smart sewing machines. The emergence of technologically sophisticated products and their ability to respond to evolving quality standards in manufacturing is expected to foster growth in the industrial sewing machines market. The continuing trend towards seamless integration of electronics into sewing machines will drive adoption in the market. Development of lighter, smaller, more durable, and less power-hungry electronic sewing machines will benefit demand in both home and industrial segments. Functional innovations such as drawing tablets, touch screens, laser technologies, multi-needle positioning, LED lighting and high powered motors will offer added convenience and a reason to upgrade older machines.  

As stated by the new market research report on Sewing Machines, Asia-Pacific represents the largest and the fastest growing market worldwide with a CAGR of 5.4% over the analysis period. Rising population and corresponding growth in demand for apparel, strong automobile production and a parallel increase in automotive upholstery needs, rapid urbanization and increased per capita spending on home décor, represent major factors driving growth in the region.  Demand for home sewing machines is expected to be concentrated around low-cost models particularly from women pursuing tailoring. China represents the world’s largest producer and consumer of sewing machines. Strong domestic apparel industry, steady economic growth, relatively low-cost labor and a spectacular rise in foreign investments represent key growth drivers in the country.

Key players covered in the report include Brother Industries, Ltd., Bernina International AG, New Jack Sewing Machine Co. Ltd., Jaguar International Corporation, Janome Sewing Machine Co. Ltd., Juki Corporation, Kaulin Manufacturing Co. Ltd. (Siruba), Million Special Industries Co. Ltd., Pegasus Sewing Machine Mfg. Co. Ltd., Rimoldi & CF srl, SEIKO Sewing Machine Co. Ltd., SGSB Group Co. Ltd., Singer Sewing Company, SunStar, SVP Worldwide,       TAJIMA Group, Xi’an Typical Industries Co. Ltd., and Zhejiang Doso Sewing Machine Co. Ltd., among others.

The research report titled “Sewing Machines: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers challenges, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for Sewing Machines in Units for major product categories including Industrial Sewing Machines and Home Sewing Machines. Geographic markets analyzed in the report include the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Argentina, Brazil, Mexico and Rest of Latin America), and Rest of World.

Comments

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