Industrial Sewing Machines Market Future Scope & Leading Companies | JUKI Corporation, Brother Industries Ltd, PEGASUS SEWING MACHINE MFG. CO. Ltd., Singer Sewing Company, PFAFF Industriesysteme und Maschinen GmbH, JACK Sewing Machine Co. Ltd

The overall industrial sewing machines market is expected to grow from USD 4.10 Billion in 2018 to USD 5.63 Billion by 2026 at a CAGR of 4.1% during the forecast period. The rising adoption of sewing machines in the automotive and construction industries will primarily drive the growth of this market in the foreseeable future. Sewing machines are extensively used to stitch together fabrics and textiles and create unique products. These devices are experiencing soaring demand in diverse industries, particularly in automotive and construction.

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In automobiles, textiles are widely utilized for vehicle interiors such as for making nylon tire cords, automotive carpets, and seatbelt webbings, among others. Recent advancements in textiles such as Mobiltech technical textiles which cater to the aerospace and automotive industries have emerged as one of the leading industrial sewing machines market trends.

Moreover, the growing production of electric vehicles, as per the International Energy Agency's projections, will further boost the demand for these machines and may even encourage manufacturers to develop sustainable solutions in textile manufacturing. Similarly, the global construction industry is progressing at a furious pace, fueling the demand for roofing materials, canopies, and scaffolding nets and brightening the prospects of the market.

List of Key Players Covered in the Report Include:

Bernina International AG
Husqvarna AB
JACK Sewing Machine Co. Ltd.
Singer Sewing Company
Brother Industries, Ltd.
Shang Gong Group Co., Ltd.
Janome America, Inc.
PFAFF Industriesysteme und Maschinen GmbH
PEGASUS SEWING MACHINE MFG. CO. Ltd.
JUKI Corporation

Market Drivers:

Launch of Intelligent Manufacturing Systems to Aid Market Growth

The industrial sewing machines market growth is set to get stimulated by the increasing adoption of intelligent technologies in the manufacturing of sewing machines. For instance, China-based Jack Sewing Machine Co. Ltd. announced an investment of 100 million yuan in October 2019 to build and launch the textile industry's first-of-its-kind fully-automated casing production line. Powered by smart technologies such as Internet of Things (IoT) and Big Data, Jack's new system aims to enhance efficiency and improving accuracy in production. The integration of modern technologies with traditional occupations in such a manner is, therefore, paving the way for exciting innovation opportunities for sewing machines market players.

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Industry Developments:

January 2020: The Japanese industrial sewing machines maker, JUKI Corporation, declared that it would consolidate its Chinese subsidiaries, JUKI INDUSTRIAL CO., LTD. and JUKI PRECISION CO., LTD. The merger is aimed at bringing about a structural overhaul by elevating productivity, streamlining operations, and integrating human resources.
February 2019: Bernina International AG, the Swiss sewing systems manufacturer, introduced its latest creation called the 3 Series sewing machines. The machines would feature advanced components including new needles, hook system, and a faster sewing speed. The product can also sew through a host of fabrics and deliver a final product with expert finesse.

Regional Dynamics:

Rapid Development in Textile Manufacturing to Expand the Market in Asia-Pacific

Asia-Pacific, with market size of 2.95 billion in 2018, is slated to dominate the industrial sewing machines market share during the forecast period. Countries in this region are rich in natural resources which have enabled them to cultivate and produce some of the finest textiles in the world. Taking advantage of this factor, governments are aggressively investing in and promoting their textile industries. For example, the Government of India cut the tax on embroidery, knitting, cutting, and weaving to 5% from the earlier 18% in 2019. Thus, the demand for sewing machines is spiking and boosting the market in the region, the industrial sewing machines market analysis says.

In North America, there is a growing preference for in-house textile manufacturing which is auguring well for the market in the region, while the presence of a robust textile industry is propelling the market in Europe.

Competitive Landscape:

Determined Focus on Internal Reforms to Heighten Competitive Fervor Among Players

Core competitors in this market are intensely focused on bringing about decisive internal organizational reforms to elevate their performance, according to the industrial sewing machines market report. Better sales through such reforms will empower companies to deepen their hold on the market and undertake new ventures.

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