Global Sewing Machines Strategic Business Report 2024
Feb 21,2024
Global Sewing Machines Strategic Business Report 2024: Market to Reach $6.9 Billion by 2030 - Innovative Embroidery Software Spells Significant Market Opportunities
Global Sewing Machines Strategic Business Report 2024: Market to Reach $6.9 Billion by 2030 - Innovative Embroidery Software Spells Significant Market Opportunities.
The global market for Sewing Machines estimated at US$4.7 Billion in the year 2022, is projected to reach a revised size of US$6.9 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030. Apparel, one of the segments analyzed in the report, is projected to record 5.3% CAGR and reach US$4.3 Billion by the end of the analysis period. Growth in the Non-Apparel segment is estimated at 4.1% CAGR for the next 8-year period.
The report provides an introduction to sewing machines, covering both home and industrial categories. It offers insights into the global economic landscape and assesses the impact of COVID-19 on the sewing machines market.
A competitive landscape analysis is presented, including the market share of key competitors and an assessment of their market presence among 152 players worldwide in 2023. The report offers a comprehensive overview and analysis of the global sewing machines market, forecasting rapid growth with industrial sewing machines leading the market.
The Sewing Machines market in the U.S. is estimated at US$817 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2030 trailing a CAGR of 5.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 4.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
Additionally, it highlights the role of developing economies in driving long-term growth and provides insights into recent market activity, along with influencer/product/technology insights shaping the future of the sewing machines industry.
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