Sewing Machines Market Overview- Latest Trends, Size, Share, Key Drivers, Growth Rate 2030
Market Dynamics:
Because of raising product recognition and the growing
do-it-yourself (DIY) trend, the global sewing machines market has expanded
significantly in recent years. Portable sewing machines have also been
introduced by market players. Consumers can now sew at home with ease thanks to
the availability of high-tech machines. In the sewing machine industry,
customers are searching for solutions that emphasize reliability and ease of
use. Consumers in developing countries such as China, India, and Brazil have
been able to spend more on appliances as their per capita disposable incomes
have increased, boosting the size of the sewing machines industry.
The increased visibility of various sewing machine brands on
social media sites has resulted in increased product awareness. The use of
social media sites such as Instagram, Twitter, and Facebook to promote and
support goods is on the rise. Furthermore, the increasing shelf space available
in retail stores for these items is increasing market awareness. Sewing machine
sales are being driven by these factors all over the world. The rapid growth of
social media channels over the past few years has given industry players the
ability to promote their goods, which has boosted market growth. In addition,
the development of the organized retail sector in developed countries is
propelling the sewing machine market forward.
Global Sewing Machines Market Overview:
Sewing
Machines Market Size is projected to reach USD 7.40 Billion by 2030
at a CAGR of 5.60% over the review period.
Regional Analysis:
For Sewing Machines Market, North America is a lucrative
market. The region's sewing machine demand is expected to be boosted by the
region's developed apparel industry, as well as rising regional and local
manufacturers.
Europe accounted for the largest share of the global sewing
machine market in 2018. The market for high-tech sewing machines is being
boosted by the presence of a well-established fashion industry in key countries
in the region with a large number of apparel manufacturers. Product innovation
is a major driver of regional market development. Manufacturers are using
cutting-edge technology to improve sewing machine functionality.
The demand in Asia-Pacific is expected to develop at the
fastest rate during the forecast period, according to the MRFR sewing machine
market report. The area provides a new revenue stream for sewing machine
manufacturers.
The expansion of the commercial sector, as well as increased
customer awareness of the various types of sewing machines, are expected to
boost market growth in the area.
Competitive Analysis:
Sewing Machines Market are highly fragmented, with a number
of global players catering to the growing demand for different types of sewing
machines. Because of the growing demand for high-tech appliances around the
world, manufacturers are focusing on product innovation. In addition, companies
in the global sewing machine industry are extending their business into new
territories. The notable players are Aisin Seiki Co., Ltd. (Japan), Brother
International Corporation (US), Bernina International AG (Switzerland), Merrow
Inc. (US), Jack Sewing Machine Co., Ltd. (China), Pegasus Sewing Machine Mfg.
Co., Ltd. (Japan), Usha International Limited (India), SEIKO Sewing Machine
Co., Ltd. (Japan), SVP Holdings Ltd. (US), Rimoldi & CF srl (Italy), China
Feiyue USA Inc. (US), Kaulin Manufacturing Co., Ltd. (Taiwan), Janome Sewing
Machine Co., Ltd. (Japan), Tacony Corporation (US), and Juki Corporation
(Japan) among others.
Segmental Analysis:
The Sewing
Machines Market Overview is segmented based on product type,
end-use, and distribution channel.
By product type, the market has been segmented into
mechanical, electronic, and smart sewing machines. Electronic sewing machines
account for the majority of the industry. Mechanical sewing machines do not
have as many features as these types of sewing machines. Electronic sewing
machine sales are growing as the number of tailoring shops grows. At the same
time, today's mechanical sewing machines have a few innovative features, such
as small LED displays for stitch pattern selection. These sewing machines are
simple to use in contrast to other sewing machines since they do not need any
sewing experience. These factors are propelling the segment forward.
By end-use, the market has been divided into household and
commercial, wherein the commercial segment dominates the market. The segment's
growth is expected to be fueled by an increasing commercial sector and an
increase in the number of tailoring shops. The rising popularity of the
do-it-yourself trend, on the other hand, is expected to boost household sewing
machine sales. Furthermore, domestic sewing machines are less costly than
industrial sewing machines. In addition, hobbyists' adoption of sewing machines
is expected to fuel the segment's growth over the forecast period.
Consumers who choose to buy sewing machines tend to shop at
supermarkets and hypermarkets. They will try out items and choose from a
variety of choices. Owing to their extensive network and availability of sewing
machines in a variety of sizes, styles, colors, and labels, consumers are
increasingly shopping at supermarkets and hypermarkets such as Walmart, Tesco,
and Target. Consumers are becoming more familiar with e-commerce sites as a
result of the convenience of shopping from home and the variety of options
available.
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