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:
The Global Sewing Machine Market 2021 report by Maximize Market Research is a comprehensive analysis of the market, including its regional insights, changing trends, industry environment, and key players. The report is based on both primary and secondary research, and the results are presented in a logical and easy-to-understand format.
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Sewing Machine Market Scope:
MMR's research provides a comprehensive overview of the Sewing Machine Market, identifying the leading global companies based on factors such as volume, value, market share, strategies, and industry growth. The research also offers strategies for existing and new market entrants, and is expected to help businesses improve their market position. The report includes market revenue by region and country, as well as segmentation by type and end users.
Sewing Machine Market Segmentation:
Based on the Product type, the market is segmented into Mechanical, Electronic, Embroidery, and others.
The Electronic Sewing Machine segment captured the largest market share, accounted for 44.71% in 2022. This segment is expected to grow at a CAGR of 5.39% during the forecast period. Electronic sewing machines have abundant features such as good quality, advanced stitching, and more precision, resulting in the highest preference for this product from a large number of consumers across the globe.
The embroidery Sewing machine segment is expected to grow at a CAGR of 4.92% during the forecast period. The embroidery Sewing machine is commonly used in the fashion and textile industry for designing different patterns of embroidery on the fabric.
Based on End-Use, the market is segmented into Industrial and Household. The Industrial segment held the largest market share of 64.51% in 2022, and the segment is expected to grow at a CAGR of 6.1 % during the forecast period. The industrial machine has dominated the market as they are larger, more varied in their size, cost-effective over household machines. Increasing demand for high accuracy and speed in a sewing machine is expected to result in the growth of industrial sewing machines across the globe.
The Household segment is expected to grow with the highest CAGR of 4.93% during the forecast period. Growing textile production and the disposable income of consumers across the globe is a prime driving factor for increasing demand for sewing machines.
Based on Application, the market is segmented into Apparel and Non-Apparel. The Apparel segment is expected to witness the highest CAGR of 5.84% during the forecast period. This segment is attributed to the consistently growing demand from the fashion industry and urban population. The Non-Apparel segment is expected to witness significant growth during the forecast period. Increasing demand from automotive, healthcare, construction, and others boost the demand for the Non-apparel segment. In the non-apparel segment, sewing machines are used for various goods such as bags, belts, purses, car-seat covers, and others.
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Sewing Machine Market Key Players:
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.
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Regional Analysis:
The report is focused on the five most important regions for the Sewing Machine Market: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. These regions are responsible for the majority of the world's Sewing Machine Market consumption.
Key Questions answered in the Sewing Machine Market Report are:
- What is Sewing Machine Market?
- What is the forecast period of the Sewing Machine Market?
- What is the competitive scenario of the Sewing Machine Market?
- Which region held the largest market share in the Sewing Machine Market?
- What are the opportunities for the Sewing Machine Market?
- What are the restraining factors in the Sewing Machine Market?
- Who are the key players of the Sewing Machine Market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Sewing Machine Market
- Landscape- Leading key players and other prominent key players.
- Price Trends
- Key Opinion Leaders Offerings
- Government Initiatives
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 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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