The global sewing machines market Size is estimated to reach a valuation of USD 7.40 billion by the year 2030 at a CAGR of 5.6% during the forecast period 2022 to 2030.
As sewing machines have become a domestic device in every household, the market associated with it has been on an upper circuit in terms of its market value. With the new-age factor of being an independent personality, people are nowadays opting for products that would help them do their things on their own, which has propelled the demand for sewing machines in the global market.
Due to its rise in demand, several sewing machine manufacturers have developed innovative features and techniques for better and more convenient usage. With the evolving technology, the sewing machines have also evolved a lot in terms of operational efficiency, automation and several other features, a few of which are the in-built LED light which comes in with modern sewing machines for better visibility, thread cutter and one-touch reverse touch switch button. The evolving needs of new-age customers and their urge for quick stitches have led to the development of automatic and electronic sewing machines that are far more innovative and fast compared to traditional machines, which is eventually catering to the overall growth of the global sewing machines market.
WiFi-enabled sewing machines and the adoption of Industry 4.0 solutions are key trends catering to the market's growth.
Sewing machines have now become a common household appliance. People nowadays tend to have their DIY devices to achieve their desired perfection and have a feeling of being independent, which is why the market for sewing machines is growing at a rapid pace during the said forecast period, which is driving the said market segment forward to earn a substantial market share. Several key players in the sewing machine industry have created their own unique features and developed new techniques for improved and more convenient usage to cater to the increasing demand for sewing machines.
Modern sewing machines come equipped with sophisticated features like thread cutters, one-touch reverse-touch switch buttons, built-in LED lights for improved vision, and many more. An automatic sewing machine that is significantly more inventive than conventional machines is the result of sewing machine advancement which partly also caters to the industrial 4.0 norms, and is regarded as a user-friendly feature since it enables the task to be finished automatically, which eventually fuels the growth of the global sewing machine market.
The global sewing machines market is primarily segmented based on product type, end-use and distribution channel.
Based on product type, the sewing machines market is further divided into mechanical sewing machines, electrical sewing machines, and smart sewing machines. Out of these, the mechanical sewing machines segment dominates the market share, as they are flexible and available in an affordable range compared to other advanced sewing machines such as computerized and electronic sewing machines. The current mechanical sewing machines have advanced features and small LED screens to select the stitch pattern. Compared to other sewing machines, they are easy to handle and operate.
The electronic sewing machine is considered the largest segment due to its increased usage in tailor shops as it comes with convenient features.
Smart sewing machines are more advanced compared to others. They are compatible with computers and smartphones and are considered suitable for commercial use. Therefore, this segment will notice a good growth rate.
Based on End-use segmentation, the said market segment is divided into household and commercial segments. Among these, the household segment dominates the global market share in terms of revenue and growth rate. The key reason for the household segment to dominate the market share is the increase in adoption of the do-it-yourself trends which is driving the sales of sewing machines for households. The sewing machines preferred for households are less expensive than commercial sewing machines. Moreover, the increased adoption of sewing machines as a hobby is boosting the segment's growth.
Based on distribution channel segmentation, the global sewing machines market is further divided into store-based and non-store-based sub-segments. Among these, the store-based distribution channel owes the major market share, which is further divided into supermarkets & hypermarkets and speciality stores.
Store-based distribution channels offer wide consumer reach, enhanced product visibility, and a variety of products, that offer ease of purchase for consumers, which is why the said segment holds a substantial market share in terms of revenue generation.
The global sewing machines market is primarily studied across four major regions, namely, North America, Europe, Asia-Pacific and the Rest of the World. Among these, the Asia-Pacific region is said to dominate the global market in terms of revenue generation, owing to the increased demand for sewing machines in various verticals, including household, commercial, industrial, etc. During the forecast period, the Asia-Pacific region will lead the market while expanding at a healthy growth rate of 6% approximately. Asia-Pacific is experiencing a significant surge in demand for industrial stitching machines as a result of the region's thriving automobile industry. It is expected that the demand for household textiles such as bed linen and cloth flooring will provide additional impetus for the implementation of these devices within the shipping industry.
Europe is projected to have the second largest portion of sales and is expected to reach USD 1,071 million by 2030, with a compound annual growth rate (CAGR) of 4.51%. Europe is at the forefront of the textile and garment sectors and boasts the largest automotive sector in the world. Industrial sewing equipment is utilized in the production of automotive seats made from leather or cloth. The automotive industry has a significant impact on the overall development of the European economy, as Europe is known to be the industrial hub of the world. It contributes to about 13 million jobs and a significant share of the continent's exports. Car seats in the vehicle industry are commonly constructed using synthetic leather and other materials. Therefore, the need for industrial sewing machines in the region will surely rise as a result of the flourishing vehicle sector in Europe.
North America is considered a lucrative market for sewing machines due to the established apparel industry that, coupled with growing regional and local manufacturers, is projected to boost the demand for sewing machines in this region.
The global sewing machines market is competed by several key competitors that aid the overall market segment's growth and help the market reach its estimated market value during the said forecast period. The rising competition between key players in the industry for the launch of advanced featured products that are more convenient to use enhances the future development of the Sewing Machines Market Analysis. The large investments from major companies to improve and innovate the machines are highly driving the market at the global level, and their presence in different parts of the world fuels up the regional market of major regions.
Global Sewing Machines Market Key Companies Insights -
Recent Developments
January 2020 -
In January 2020, Juki Corporations merged its entity called Juki Industrial and Juki Precision in order to streamline the company's operations and enhance productivity.
January 2022 -
In January 2022, Mitsubishi developed the world's first laser communication terminal to integrate space optical communication.
September 2022 -
In September 2022, ZSK Machines launched their new product called Coloreel for the digital dyeing of textile threads.
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