Global Sewing Machines Market to Reach $4.2 Billion by 2026
SAN FRANCISCO, May 19, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Sewing Machines - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 16; Released: January 2021
Executive Engagements: 1884
Companies: 360– Players covered include Aisin Seiki Co., Ltd.; Baby Lock; Brother Industries, Ltd.; Brother International Corporation; Bernina International AG; Jaguar International Corporation; Janome Sewing Machine Co., Ltd.; Elna International Corp. SA; Juki Corporation; Kaulin Manufacturing Co., Ltd./Siruba; Merrow Inc.; Million Special Industries Co., Ltd; Jack Sewing Machine Co., Ltd.; Pegasus Sewing Machine Mfg. Co., Ltd.; Rimoldi & CF srl; SEIKO Sewing Machine Co., Ltd.; SGSB Group Co., Ltd; SVP Worldwide; Singer Sewing Company; TAJIMA Group; Xi'an Typical Industries Co. Ltd.; Zhejiang Doso Sewing Machine Co., Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Application (Apparel, Non-Apparel); End-Use (Industrial, Household)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Africa.
Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry
ABSTRACT-
Global Sewing Machines Market to Reach $4.2 Billion by 2026
Sewing Machines are used to stitch fabric, leather and other materials together. Sewing machines are classified into mechanical and electrical. The sewing technique used can either be lockstitch or chain stitch. Modern machines, however, employ lockstitch, comprising the use of two threads, a feature available in both home as well as industrial sewing machines. Amid the COVID-19 crisis, the global market for Sewing Machines estimated at US$3.3 Billion in the year 2020, is projected to reach a revised size of US$4.2 Billion by 2026, growing at a CAGR of 4.3% over the analysis period. Apparel, one of the end-use segments analyzed in the report, is projected to record 4.7% CAGR and reach US$2.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Apparel end-use segment is readjusted to a revised 3.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $591.5 Million in 2021, While China is Forecast to Reach $1.5 Billion by 2026
The Sewing Machines market in the U.S. is estimated at US$591.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2026 trailing a CAGR of 5.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 3.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.
Growing global population, rising disposable income and high demand of accessories and apparel are the key factors driving growth of the sewing machine market. Long-term growth in the market will be driven by factors such as rising demand for advanced and feature rich sewing machines, launch of various innovative technologies and software, and the rise of sewing as a leisure pursuit among new sewing enthusiasts. Growing consumer preference for sophisticated features and functions will drive demand for smart sewing machines in the coming years.
Industrial Sewing Machines to Reach $2.4 Billion by 2026
Global market for Industrial Sewing Machines is estimated at US$1.9 Billion in 2020, and is projected to reach US$2.4 Billion by 2026 reflecting a compounded annual growth rate of 4.9% over the analysis period. China constitutes the largest regional market for Industrial segment, accounting for 47.4% of the global sales in 2020. China is poised to register the fastest compounded annual growth rate of 5.6% over the analysis period, to reach US$1.2 Billion by the year 2026. More
MarketGlass™ Platform
Our MarketGlass™ Platform is a free full-stack knowledge center that is custom configurable to today's busy business executive's intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include - enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.
Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android
About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world's only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
LINKS
Get Full Report Details
Join Our Expert Panel
https://www.strategyr.com/Panelist.asp
Connect With Us on LinkedIn
https://www.linkedin.com/company/global-industry-analysts-inc./
Follow Us on Twitter
https://twitter.com/marketbytes
Journalists & Media
[email protected]
SOURCE Global Industry Analysts, Inc.
