Market Forecast
Sewing Machines Market size is projected to be valued at USD 20.23 Billion by 2025, registering a CAGR of 4.5% from 2019 to 2025. The growth of the apparel market has significantly contributed to the sewing machines market growth. The rising demand for customized apparel has led to an increasing number of tailoring shops, which is boosting the demand for sewing machines. There are several market players offering a variety of sewing machines with high-tech features to deliver desired designs and patterns. High competition owing to the presence of a large number of players in the sewing machine market is forcing manufacturers to focus on product innovation and development. Manufacturers have started offering new and innovative product ranges in catalogues, stores, and e-commerce platforms. For instance, in June 2019, Brother International Corporation announced its 2020 line up of 12 new machines, accessories, and software. The company’s machines combine technology with the latest trends in quilting, sewing, embroidery, and crafting, along with various other features.
Growth Opportunities in the Market
Increasing demand for advanced sewing machine features: Companies in the market are spending on RD to offer different types of sewing machines with helpful features to consumers. For instance, Bernina International AG, a Switzerland-based sewing machine manufacturer, offers the Bernina of America Q 20 Longarm quilting machine. This product offers 20 inches of sewing space and a speed of up to 2,200 stitches per minute. It also includes a thread tension-control system with numeric settings for easy adjustments and stitch regulators with dual optical sensors for precisely detecting the fabric and machine movement to ensure uniform, even stitches. Market players have also launched smart and automated sewing machines to meet the rise in demand for sewing machines that can be operated and controlled using a smartphone or computer.
High sales through supermarkets and hypermarkets: Supermarkets and hypermarkets are the preferred choice for consumers looking to buy sewing machines. They are able to test out products and are offered a range of options. Consumers are increasingly shopping at supermarkets and hypermarkets such as Walmart, Tesco, and Target due to their widespread network and availability of sewing machines in a variety of types, designs, colors, and brands. However, e-commerce portals are gaining popularity among consumers due to the ease of home shopping and availability of choices.
To get more info: https://www.marketresearchfuture.com/press-release/sewing-machines-market
Key Players
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)
Juki Corporation (Japan)
Segmental Analysis
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.
