Sewing Machine Market Scope
Over the past couple of decades, robust technological advancements as well as production facility enhancement are being observed in the textile industry. Also, growing awareness about newly launched styles and trends has improved the demand for sewing machines across the globe. Though with stagnate global economic growth has hampered demand for sewing machines, with continuously involving trends as well as growing population.
According to AMA, the Global Sewing Machine market is expected to see growth rate of 4.28%
Research Analyst at AMA estimates that Asian Vendors will contribute to the maximum growth of Global Sewing Machine market throughout the predicted period.
SVP Holdings Ltd. (Bermuda), Brother International Corporation (United States), Janome Sewing Machine Co., Ltd. (Japan), Jaguar International Corporation (Japan), JUKI Corporation (Japan), AISIN SEIKI Co., Ltd. (Japan), Tajima Group (Japan), SGSB Group Co., Ltd. (China), Feiyue (United States) and Baby Lock (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Toyota (Japan), VSM Group AB (Sweden), Pegasus Sewing Machine Mfg. Co., Ltd. (Japan) and Jack Sewing Machine Co., Ltd. (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Sewing Machine market by Type (Mechanical Sewing Machines and Electrical and Computerised Sewing Machines), by Application (Sewing, Embroidery, Serger and Quilting) and Region with country level break-up.
On the basis of geography, the market of Sewing Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On October 5th, 2018, at the 29th Annual International HUSQVARNA VIKING Dealer Convention, HUSQVARNA VIKING, a global leader in the sewing industry, has unveiled the industry’s most advanced smart machine with the launch of its top of the line Designer EPIC sewing and embroidery machine, the first to incorporate intuitive technology that adapts to the needs of every sewer.
Market Trend
- Increasing Adoption of Automated Sewing Machines across the Globe
- Rising Demand for Differentiated Fashionable Wear
Market Drivers
- Continues Developments in the Fashion Industry will lead to Generate Significant Demand
- Growing Awareness about Variety of Fashion and Apparel Products across the Globe
Opportunities
- Increasing Demand from Footwear and Leatherwear Product Manufacturers
- Robust Technological Advancements and R&D Investments in Sewing Machine Industries
Restraints
- Threat of Numerous Counterfeit Products
- Volatile Fashion Trends across the Globe might stagnate International Trading
Challenges
- Prerequisite of Skilled Workforce for Sewing Machine Operations
- Fluctuating Demand or Seasonal Demand for Particular Products
Key Target Audience
Sewing Machine Manufacturers, Sewing Machine Distributors and Traders, Textile Industry Associations, Government Agencies, Home furnishing Manufacturers, Research and Development Agencies and Others