Global Sewing Machine Market 2020-2024

Global Sewing Machine Market 2020-2024

Technavio has been monitoring the sewing machine market and it is poised to grow by $ 11.96 bn during 2020-2024 progressing at a CAGR of 4% during the forecast period. Our reports on sewing machine market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven the rapid growth in apparel industry, and growing demand for sewing machines from developing economies. In addition, the rapid growth in apparel industry is anticipated to boost the growth of the market as well.

The sewing machine market analysis include segments as application, end-users, and geographic landscapes

Technavio's sewing machine market is segmented as below:

By Application

• Apparel
• Shoes
• Bags
• Others

By End-user

• Industrial
• Household

By Geographic Landscape

• APAC
• North America
• Europe
• South America
• MEA

This study identifies product innovation leading to portfolio extension as one of the prime reasons driving the sewing machine market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our sewing machine market covers the following areas:

• Sewing Machine Market sizing
• Sewing Machine Market forecast
• Sewing Machine Market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading sewing machine market vendors that include Ares Capital Corp., BERNINA International AG, Brother International Corp., China Feiyue USA Inc., JACK Sewing Machine Co. Ltd., JANOME SEWING MACHINE Co. Ltd., JUKI Corp., Mitsubishi Electric Corp., Shang Gong Group Co. Ltd., and ZOJE SEWING MACHINE Co. Ltd.. Also, the sewing machine market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.