The sewing machine market accounted at US$ 4.6 Billion in 2020, and is expected to hit around US$ 6.5 billion by 2030, growing at a CAGR of 6.10% over the forecast period 2021 to 2030.
The global sewing machine market is broadly affected by several factors, including rising demand for technical textiles for professional applications. Thus, expanding usage of sewing machines in different textile segments is propelling the global sewing machine market.
A sewing machine is used to stitch the fabric and other pliable materials together with threads. The different parts of a sewing machine and its various functions help the operator to know the functioning of a sewing machine. There are different types of sewing machines used in the manufacturing of garments and other articles. In a modern sewing machine, the fabrics are easily operated in and out of the machine with the convenience of needles and thimbles and other such tools used in hand sewing, thereby automating the various processes of stitching and saving time. Some sewing machines are larger, faster, more complex, and have a wide range in their size, cost, appearance, and task. Safety devices such as needle guards are used to prevent accidental needle-stick injuries, which are often found on modern sewing machines.
Sewing machine controls the fabric with feeding devices and forms a perfect stitch to join the fabrics. It has various parts and attachments, each of which have their own importance and use. There are categories of sewing machines, which are domestic sewing machine and industrial sewing machine. Domestic sub segment generally includes housewives, connoisseurs, and artisans to stitch torn clothes. These machines are in fashion for making creative embroideries on clothes and canvas as well as to stitch basic household clothes in various cases. This segment is expected to witness a huge demand in coming years. Industrial sub-segments include industrial use to stitch such as car upholstery, bags, apparels, furniture products, garments, and shoes. Some of the features of this sub-segment include high accuracy as well as high speed that make it convenient for consumers in this segment to generate profitable revenue.
Sewing machines have product type such as mechanical, which is also known as manual machines/tailoring machine/treadle sewing machine/domestic sewing machines and it is expected to witness huge growth in coming years for this sub-segment. .It provides various advantages to consumers such as inexpensive, easily repairable, adjustable, convenient to use. Therefore, there have been numerous demands in the sewing machine market forecast. Electronic sewing machines have numerous features such as good quality, advance stitching, and accuracy, which has become lucrative for many consumers. Professionals/tailors and people with expertise are the major consumers in this sub-segment, as it offers more precision in work. Embroidery sewing machine market is generally used for designing different patterns of embroidery on the fabric. Fashion industry as well as textile industry are the main users of this machine because many consumers are moving toward authentic and sophisticated fashion style. This sub-segment is expected to witness huge demand in coming years.
Based on application, the market is classified into domestic and industrial. The industrial segment held the major share in 2020, with around two-thirds of the global sewing machine market. Nevertheless, the domestic segment is projected to exhibit the fastest CAGR of 6.3% during the forecast period.
Based on distribution channel, the online segment dominated with more than half of the global sewing machine market share in 2020, and is expected to rule the roost by the end of 2030. Furthermore, the segment would also manifest the fastest CAGR of 7.5% throughout the forecast period. The report also studies offline segment.
Based on region, the market across Asia-Pacific contributed to the highest share in 2020, with nearly two-fifths of the global sewing machine market. In addition, the region is also expected to manifest the fastest CAGR of 7.3% from 2021 to 2030. The report also studies the market across North America, Europe and LAMEA.
The integration of various technologies such as IoT (Internet of Things), AI (Artificial Intelligence), and 3D printing have significantly transformed the nature of the sewing machine value chain. The growing need for real-time data and analysis from IoT devices and sensors for the purpose of remote monitoring is projected to gain preference among manufacturers of sewing machines.
Furthermore, advancements in technology has allowed the setting of the modern sewing machines to be quick and easy to adjust and remain stable at all times. For instance, in October 2020, Singer sewing brand announced the expansion of its line of mechanical heavy-duty machines with a brand new computerized range. This heavy-duty computerized collection has the ability to tackle thicker fabrics such as leather and denim.
Future advancements in the sewing machine market is likely to cater to a wide array of apparel manufacturing & designing needs, thus driving the market during the forecast period.
Change in consumer behavior and manufacturing trends during covid-19 has impacted the market as the manufacturing units were instructed to halt their activities during the initial phase of the lockdown.
However, the government bodies have eased off the existing regulations to cooperate the industry in economic terms, and the market is expected to revive soon.
Key players operating in the global sewing machine market include Bernina, Brother, JACK Sewing Machine Co. Ltd., Janome Sewing Machine Co., Ltd., JUKI Corporation, MSISM Co. Ltd., PEGASUS Sewing Machine Mfg Co. Ltd., PFAFF Industriesysteme und Maschinen GmbH, Seiko Sewing Machine Co., Ltd., and Singer Corporation.
The report provides revenue of the global Sewing Machine market for the period 2017–2030, considering 2021 as the base year and 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global market during the forecast period. The global Sewing Machine market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2021 to 2030.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Sewing Machine market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global Sewing Machine market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global Sewing Machine market.
The report delves into the competitive landscape of the global Sewing Machine market. Key players operating in the global Sewing Machine market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global Sewing Machine market that have been profiled in this report.
The Sewing Machine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Sewing Machine market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Sewing Machine market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Sewing Machine market. These factors have benefited the growth of the global market for Sewing Machine. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Sewing Machine.
In this study, the years considered to estimate the market size of Sewing Machine are as follows:
• History Year: 2016-2020
• Base Year: 2020
• Estimated Year: 2021
• Forecast Year 2021 to 2030
Major highlights of report:
• Figures related to sales volume, market remuneration, and segmental shares
• Featuring market dynamics
• Growth prospects and expansion graph
• PROCON study of direct & indirect sales channels
• Profiles of prominent traders, dealer, and distributors in the industry
Geographical landscape: North America, Europe, Asia-Pacific, South America, Middle East and Africa
• Industry forecasts based on region and at country level
• Data about sales volume recorded, industry share held, and profit margins amassed
• Overall remuneration and estimated growth rate for each regional market
Major Key Points Covered in Report:
Executive Summary: It includes key trends of the Sewing Machine market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the Sewing Machine market based on production and revenue.
Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Sewing Machine market.
Market Segments: This part of the report discusses about product, application and other segments of the Sewing Machine market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses about the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.