Transparency Market Research delivers key insights on the global sewing machine market. In terms of revenue, the global sewing machine market is estimated to expand at a CAGR of 4% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global sewing machine market.
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.
Sewing Machine Market: Dynamics
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.
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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.
Sewing Machine Market: Prominent Regions
The growing textiles and apparel industry across the globe, owing to rising disposable income of consumes in developing nations is boosting the demand for sewing machines. The market in Europe is anticipated to grow at a significant rate due to rising adoption of sewing machines to make apparel. The sewing machine market in Asia Pacific is projected to show highest growth rate. The growing demand for sewing machines from emerging economies such as China and India is driving the regional market growth.
Sewing Machine Market: Key Players
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.