The Global Market for Sewing Machines is Projected to Exceed 29 Million Units by 2024
Growing Demand for Advanced and Feature Rich Models
Drive the Global Sewing Machines Market, According to a New Report by Global Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market share, size, and
demand forecasts on the global Sewing Machines market. The global market for Sewing Machines is projected to exceed
29 million units by 2024, driven by growing
demand for advanced and feature rich sewing machines, introduction of various
innovative technologies, and the rise of sewing as a leisure pursuit among new
sewing enthusiasts.
Sewing machines, the
world’s first mass-produced consumer durable, has traversed a long way to
emerge as a second-generation technology revolution with programmable automatic
sewing machines making their way into the sewing arena thus opening up a vista
of huge design and creative possibilities hitherto undreamt of. The art of
sewing, no longer considered the forte of professional tailors, is witnessing a
rise in interest among hobbyists owing to popularity of the Do-it-Yourself
(DIY) culture, which represent the primary factor driving market growth.
Technological advancements such as computerized sewing machines draw tech-savvy
individuals to explore the world of sewing through software aided embroidery,
quilting and craftwork. With personalization and customization being a trend
among youngsters, manufacturers are perpetually innovating to cater to their
creative interest. Seamless integration of electronics into industrial sewing
machines in order to make them more sophisticated that would ensure attractive
benefits for the industries is driving growth in demand for industrial sewing machines across the world.
A healthy outlook is
projected for the sewing machines market in the coming years, driven by
incorporation of new technology and software solutions in these machines.
Growing consumer preference for sophisticated gadgets and high-end features in
sewing machines is likely to drive demand for smart sewing machines with
in-built computers to transfer real-time data. New functionality developments
such as drawing tables, high-powered motors, touch screens, multi-needle
positioning, LED lighting, and laser technologies are expected to drive
industrial sewing machines demand over the next few years. Technological
advancements such as embroidery software, which enable the incorporation of
complex patterns onto a fabric even by novices, and computerized sewing machines
incorporated with USB drives to enable hobbyists to upload any design or
pattern, represent key growth drivers in the home sewing machines market. Futuristic
models of electronic sewing machines, both home and industrial, are likely to be lighter,
smaller, more durable, and less power-hungry than today’s models. Given the
high-end futuristic, potential laden technology benefits of sewing machines, a
sharp and quick recovery in R&D investments is forecasted, and the ensuing
technological refinements in terms of improved efficiency and performance, as a
result will help drive further growth in the market.
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 6.3% 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. Over the past decade, the sewing machine industry
witnessed a significant change in production landscape with the rampant exodus
of production facilities from high-cost developed countries to low-cost Asian
countries. China represents one of the main beneficiaries and accounts for a
leading share of global sewing machine production and consumption.
Key players in the market
include Aisin Seiki Co. Ltd., Brother Industries Ltd., Bernina International
AG, 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.
Global Industry
Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.
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