Covina, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Embroidery is a decorative art form that involves creating intricate designs, patterns, and images by stitching threads onto fabric or other materials using a needle and embroidery thread. It is one of the oldest textile arts, with a rich history that spans many cultures and regions. Embroidery can be done by hand or with the assistance of embroidery machines, which automate the stitching process.
The need for Embroidery Market services is being driven by consumer’s desire for personalized and customized goods, such as embroidered clothes, accessories, and home decor items. In order to create distinctive and striking clothing, designers are increasingly turning to embroidery in the fashion business. This pattern is anticipated to persist.
Key Highlights
- In September 2023, HSW Embroidery Machine, a pioneering name in the world of computerized single-head embroidery machines, is set to make history with the grand launch of its latest masterpiece, the HSW 5G Embroidery Machine. The HSW 5G Embroidery Machine unveiled by Shriya Saran, along with Raagini, Y Vijayamma, Vasu, Gireesh, Prathap Singh, Kavitha Maloth, and Errabelli Dayakar Rao, at this ground-breaking product launch event that promises to change the face of embroidery technology.
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Market Overview
The embroidery market has experienced a notable resurgence, and it is expected to continue on an upward trajectory. The market is characterized by a diverse range of applications, including fashion, home décor, automotive, and promotional products. The value of the global embroidery market is set to reach new heights, primarily driven by several key factors.
Market segmentation
The embroidery market can be segmented by type, application, and region.
- By Type: Surface Embroidery, Counted Embroidery, and Needlepoint
- By Application: Caps Coats, Blankets, Dress Shirts, Denim, Dresses, and Others
- By Region: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key trends in the Embroidery Market
The following are some of the key trends driving the growth of the embroidery market:
- Increasing demand for personalized and handmade products: Consumers are increasingly looking for personalized and handmade products that reflect their unique style and personality. Embroidery is a great way to personalize clothing, accessories, and home furnishings.
- Growing popularity of fashion embroidery: Embroidery is becoming increasingly popular in the fashion industry. Designers are using embroidery to create unique and eye-catching designs.
- Rising disposable incomes in developing countries: Rising disposable incomes in developing countries are driving the demand for luxury goods, such as embroidered clothing and accessories.
Challenges in the Embroidery Market
The embroidery market faces a number of challenges, including:
- Rising cost of raw materials: The cost of raw materials, such as fabric and threads, is rising. This is putting pressure on the profitability of embroidery businesses.
- Competition from low-cost imports: Embroidery products from low-cost countries, such as China, are putting pressure on the prices of domestic embroidery products.
- Lack of skilled labor: There is a shortage of skilled embroiderers. This is making it difficult for embroidery businesses to meet the growing demand for their products.
Key players in the Embroidery Market
Key players in the embroidery market includes,
- Advanced Embroidery
- Dah Jeng Embroidery
- Beauty Emblem
- Chien Chee Embroidery, Better Emblem
- Maw Chawg Enterprise
- Tech Arts International
- Yi Chun Textile
- DAH HEER INDUSTRIAL.
Key Market Drivers
- Personalization Trends: In an era of mass production, consumers are increasingly seeking unique and personalized items. Embroidery allows for customization, making it a preferred choice for consumers looking for distinct and meaningful products.
- Technological Advancements: The integration of technology has revolutionized the embroidery industry. Computerized embroidery machines offer precision, speed, and the ability to create intricate designs, expanding the range of applications.
- Eco-Friendly Choices: Growing environmental consciousness has boosted the demand for sustainable and eco-friendly products. Embroidery, often seen as a greener alternative to printing, aligns with these preferences.
- DIY and Craft Resurgence: The DIY (Do-It-Yourself) culture has gained momentum, leading to increased interest in embroidery as a creative outlet. This trend has created new market opportunities, particularly among the younger demographic.
Analyst View
Businesses are employing embroidered logos and branding more frequently on garments and promotional items. The market for corporate and promotional embroidery is expanding. Embroidery is seen as a creative endeavor. As more individuals take up embroidery as a hobby, the industry is expanding as a result of the popularity of textile art and do-it-yourself crafts.
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Market forecast
The embroidery market is expected to reach US$2.04 billion by 2030. This growth is attributed to a number of factors, including increasing demand for personalized and handmade products, growing popularity of fashion embroidery, and rising disposable incomes in developing countries.
The Asia Pacific region is expected to be the fastest-growing market for embroidery in the coming years. This growth is attributed to the rising disposable incomes and growing fashion consciousness of consumers in the region.
Conclusion
The embroidery market is expected to grow in the coming years due to increasing demand for personalized and handmade products, growing popularity of fashion embroidery, and rising disposable incomes in developing countries. However, the market faces a number of challenges, such as rising cost of raw materials, competition from low-cost imports, and lack of skilled labor.
Related Reports
- Industrial Embroidery Machines Market- Trends, Analysis and Forecast till 2029
- Clothing Market- Trends, Analysis and Forecast till 2030
- Knitwear Market- Trends, Analysis and Forecast till 2032
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