Dublin, Feb. 21, 2024 (GLOBE NEWSWIRE) -- The "Sewing Machines - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Sewing Machines Market to Reach $6.9 Billion by 2030
The global market for Sewing Machines estimated at US$4.7 Billion in the year 2022, is projected to reach a revised size of US$6.9 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030. Apparel, one of the segments analyzed in the report, is projected to record 5.3% CAGR and reach US$4.3 Billion by the end of the analysis period. Growth in the Non-Apparel segment is estimated at 4.1% CAGR for the next 8-year period. 
The report provides an introduction to sewing machines, covering both home and industrial categories. It offers insights into the global economic landscape and assesses the impact of COVID-19 on the sewing machines market.
A competitive landscape analysis is presented, including the market share of key competitors and an assessment of their market presence among 152 players worldwide in 2023. The report offers a comprehensive overview and analysis of the global sewing machines market, forecasting rapid growth with industrial sewing machines leading the market.
The U.S. Market is Estimated at $817 Million, While China is Forecast to Grow at 5.9% CAGR
The Sewing Machines market in the U.S. is estimated at US$817 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2030 trailing a CAGR of 5.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 4.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
Additionally, it highlights the role of developing economies in driving long-term growth and provides insights into recent market activity, along with influencer/product/technology insights shaping the future of the sewing machines industry.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 487 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $4.7 Billion |
| Forecasted Market Value (USD) by 2030 | $6.9 Billion |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
MARKET TRENDS & DRIVERS
- Rising Demand for Advanced and Feature-Rich Sewing Machines to Drive Healthy Long-term Gains
- Energy-Efficiency: A Key Factor Driving Technology Innovation
- Computerized Sewing Machines: A Major Innovation Fueling Market Growth
- Innovative Embroidery Software Spells Significant Market Opportunities
- Rise of Sewing as a Leisure Activity among New Sewing Enthusiasts Drive Demand for Household Sewing Machines
- Key Purchase Considerations for Pros and Beginners
- Rising Interest of DIYers Promises Bright Prospects for the Market
- User-Friendly Models for New Sewing Enthusiasts to Propel Adoption
- Portable Sewing Machines Gain Momentum
- Specialized Sewing Machines for Sewing, Repairing, and Fixing Leather Products Grow in Prominence
- Apparel Demand and Textile Making Industry Trends to Influence Demand for Industrial Sewing Machines
- Industrial Sewing Machines Market Witnesses the Continued Dominance of the Flat-bed Sewing Machine Category
- Computer-Controlled Sewing Machines Witness Increased Demand Led by Automation of End-Use Industries
- Demand Growth for Industrial Sewing Machines to be More from the Non-Apparel Market
- Automated, Electric Industrial Sewing Machines Bringing Major Changes to Apparel Manufacturing
- Increased Demand for Textile Machinery and Technologies Bodes Well for Market Growth
- Fashion Conscious Women Trigger Changes in Player Strategies
- Industrial Sewing Machines for Aerospace and Space Industry Registers Steady Growth
- Technical Textiles Present Opportunities for Industrial Sewing Machines Market
- Embroidery Machines: Enabling Craft Work in Fashion Industry
- Factors Determining the Choice of An Appropriate Embroidery Machine
- Industry 4.0 Brings together Connectivity, Flexible Automation & Intelligence
- Robotic Tailoring: The Future of Fashion to Propel Market Growth
- The Transformational Impact of Sewing Robots
- Automation of Sewing Process Flows Gains Momentum
- Latest Technological Developments in the Sewing Machines Market
- Market to Benefit from the Emergence of Novel Sewing Machines with Various Features
- Sewing Machine Innovations & Advancements to Spur Market Growth
- Advanced PC and Wi-Fi-Enabled Sewing Machines
- Machines with In-Built Needle Threader, Top Loading and Drop-in Bobbin Systems
- Sewing Machines for Stitching Robots, Implantable Systems and Wearable Electronics
- Digitally Advanced Sewing Machines
- High-Speed Sewing Machines
- Stitch Regulator Technologies for Mastering Free Motion Techniques
- Voice Control and AI for Consumer Sewing machine Developed by SVP Worldwide and Etteplan (2022)
- Select Recent Innovations
- Online Marketing Increases Market Competition
- Demographic Factors Influence Industry Dynamics
- Expanding Global Population
- Women: The Largest Consumer Base for Home Sewing Machines
- Burgeoning Middle Class Population
- Operator Safety: A Major Challenge Confronting Sewing Machines Market
FOCUS ON SELECT PLAYERS (Total 152 Featured)
- Mitsubishi Electric Corporation
- Mitsubishi Corporation
- Brother Industries Ltd.
- Amada Co., Ltd.
- Husqvarna AB
- Mitsubishi Electric Factory Automation
- Newlong Industrial Co., Ltd.
- Myer Pty Ltd.
- China National Machinery Imp. & Exp.Corp.
- Echidna, Inc.
- H. S. Machinery Co., Ltd.
- Moratto S.R.L.
- Iron Fox S.R.L.
- Nitto Kohki Company Limited
- Ningbo Yonggang Instrument Company Limited
For more information about this report visit https://www.researchandmarkets.com/r/opkmpi
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