Global Sewing Machines Market Report 2022
The major players in the sewing machine market are Bernina International AG, Brother Industries Ltd, Janome Sewing Machine Co Ltd, JUKI Corporation, Merrow Sewing Machine Company, Mitsubishi Electric Corporation, Singer India Limited, Usha International Limited, China Feiyue Inc, Jack Sewing Machine Co. .
New York, June 14, 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of “Sewing Machine Global Market Report 2022” – https://www.reportlinker.com/p06285607/?utm_source=GNW
Ltd, Shang Gong Group Co.
Ltd, MSISM Co.Ltd, Pegasus Sewing Machine Mfg Co Ltd, Aisin Seiki Co.
Ltd, Jaguar International Corporation, Kaulin Manufacturing Co Ltd, Million Special Industries Co.Ltd, Xi’an Typical Industries Co.
Ltd, Zhejiang Doso Sewing Machine Co. Ltd, Ares Capital Corp., Zoje Sewing Machine Co Ltd and Tacony Corporation.
The global sewing machine market is expected to grow from $4.39 billion in 2021 to $4.66 billion in 2022 at a compound annual growth rate (CAGR) of 6.02%. The market is expected to reach $5.89 billion in 2026 at a compound annual growth rate (CAGR) of 6.03%.
The sewing machine market includes sales of sewing machines by entities (organizations, independent traders, and partnerships) that refer to a machine used to sew fabric and other materials with thread. The sewing machine is used to improve the smoothness and appearance of fabrics.
They are mainly used to produce clothing, textiles and other fabrics. Sewing machines offer a variety of plain or patterned stitches.
They include means for gripping, supporting and transporting the fabric past the sewing needle to form the stitch pattern. Most household sewing machines and many industrial machines use a two-thread stitch called a lockstitch.
In the textile industry, two types of sewing machines are used – manual sewing machines and electric sewing machines.
The main types of sewing machines are mechanical, electronic, automated, embroidery, overlock and others. Mechanical sewing machines can be operated manually with controls and are mainly used in households and small businesses.
Sewing machines are sold through online and offline distribution channels. Sewing machines are used for applications such as garments, shoes and bags.
The major end users of sewing machines are household, commercial and industrial end users.
Asia-Pacific was the largest region in the sewing machine market in 2021. Asia-Pacific is expected to be the fastest growing region during the forecast period.
Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The rapid growth of the textile industry is contributing to the growth of the sewing machine market. Textile refers to a fabric (woven or knitted) made from yarn.
A sewing machine is used to sew fabric and other soft materials with threads. For example, according to EduRev 2022 data, the Indian textile market is expected to be worth over $209 billion by 2029.
According to data from Business Standard 2022, India’s textile and apparel exports grew by 41% during April-December 2021 compared to April-December 2019. Rapid growth in textile industry will drive the market sewing machines.
Technological advancement is a key trend gaining popularity in the sewing machine market. Businesses launch products with new technologies to increase revenue and gain customers.
For example, in July 2020, based on consumer information and preferences, Usha International added four new sewing machines for sewing, embroidery and quilting – Skyline S-9, Memory Craft 9850, 6700 P and Memory Craft 550E. These machines will meet the needs of the growing number of hobbyists and smaller commercial establishments and a wide range of technologically superior consumer features that demand improved precision control.
In March 2022, SVP Worldwide, a US-based company that designs, manufactures and distributes consumer sewing machines and accessories, acquired Jaguar International Corporation for an undisclosed amount. This acquisition will strengthen SVP Worldwide’s supply chain and create the capacity needed to support the growth of the company’s SINGER®, HUSQVARNA VIKING® and PFAFF® brands.
Jaguar International Corporation is a Japanese-based sewing machine manufacturer.
The countries covered in the Sewing Machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, Kingdom United and the United States.
Read the full report: https://www.reportlinker.com/p06285607/?utm_source=GNW
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