13 May 2021
The global sewing machine market is anticipated to reach over US$ 5 billion valuation by 2031, expanding at a steady CAGR of around 4% over the next ten years, as per a latest report published by award-winning consulting firm Fact.MR. Extensive uptake across the apparel industry is attributed as the chief market growth driver.
Historically, the market accrued significant gains, largely on the back of relevant developments, including integration of key technologies such as AI, IoT, and additive manufacturing. Rising demand for streamlining production cycles across the apparel industry has largely sustained these aforementioned developments in recent years. Moreover, these advancements have helped usher in flexibility across operations.
In October 2020, Singer Corporation introduced a brand-new range of heavy-duty computerized sewing machines. This heavy-duty computerized collection has the ability to tackle thicker fabrics such as leather and denim. Similarly, Usha International launched six new sewing machines in January 2021 to further strengthen its existing portfolio, including the Usha Quilt Magic, Design Craft, and Sew Magic, which are computerized and offer high speed and precision to aid both, novice and expert sewers.
Prominent sewing machine manufacturers profiled in the report include Brother Industries, Bernina International, JUKI Corporation, MSISM Co. Ltd., Singer Corporation, Seiko Sewing Machine Co. Ltd, Pegasus Sewing Machine Mfg. Co. Ltd., and Janome Sewing Machine Co. Ltd.
Fact.MR, in its new offering, presents an unbiased analysis of the sewing machine market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges essential insights on the market on the basis of product (domestic sewing machine and industrial sewing machine), mode of operation (manual, electronic, and computerized), application (apparel and non-apparel), end use (residential, commercial and industrial), and distribution channel (online and offline), across five regions of the world (North America, Europe, Asia Pacific, the Middle East & Africa, and South America)
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Consumer Goods team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analyzed the Consumer Goods industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.
For more information, refer to our market research report or contact the PR author.
Shambhu Nath Jha
Fact.MR
Sr. Consultant – Retail & Consumer Goods
E-mail: shambhu@factmr.com
Dog Seat Covers Market
Free SampleAbout Fact.MR
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. We are known for our syndicated research, custom research, and consulting solutions.