Industrial Sewing Machines Market size is expected to reach by $3,964.2 million

According to a new report published by Report Ocean, titled, “Industrial Sewing Machines Market by Fabric Weight, Bed Type, and Application: Opportunity Analysis and Industry Forecast, 2020–2027,” the global industrial sewing machines market size is expected to reach $3,964.2 million in 2027 from $3,163.4 million in 2019, growing at a CAGR of 5.3% from 2020 to 2027. In 2019, Asia-Pacific dominated the market, in terms of revenue, accounting for 50.1% share of the industrial sewing machines market.

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Industrial sewing machines are specially designed for large-scale stitching applications of apparel and non-apparel products. They are utilized for production of apparels such as shirts, t-shirts, and jeans as well as non-apparels, including, bags, parachutes, shoes, tarpaulins, and tents. Industrial sewing machines exhibit highly powerful motors, which enable operation for long hours. Moreover, industrial sewing machines are available in various types depending upon the operations they perform, including, lockstitch, chainstitch, zigzag stitch, and other industrial sewing machines. In addition, they can be categorized on the basis of type of bed on which the fabric is stitched. This includes flat bed, cylinder bed, post bed, and long arm bed.

The COVID-19 pandemic has negatively affected the industrial sewing machines market mainly due to the halt in international trade, prolonged lockdowns, and ceased manufacturing processes. In addition, the major end-user manufacturing companies located in countries such as the U.S., China, Germany, the UK, and others are also facing financial impacts due to halted production, which is likely to hinder the industrial sewing machines market growth during 2020.

The Asia-Pacific is the highest contributor in the industrial sewing machines market. China and Japan hold majority of the share in industrial sewing machine production, owing to high focus on sewing machine technologies. However, the countries such as Vietnam, India, and Bangladesh are likely to exhibit high growth rate during the forecast period. Furthermore, increase in disposable income of the working class in developing nations drives the growth of apparel industry, which, in turn, propels the growth of industrial sewing machines market. In addition, Germany is a major producer of industrial sewing machines, and the automobile industry in Europe is a major end user of industrial sewing machines for sewing of leather car seats and other non-apparel products.

On the basis of the fabric weight, the medium weight segment holds the major market share, as majority of apparel and non-apparel products fall into this category. In addition, the growth in apparel industry is driving the demand for medium and heavy weight industrial sewing machines, thereby contributing toward the growth of the overall market.

The global industrial sewing machines market is segmented into application, bed type, fabric weight, and region. The applications covered in the study include apparels and non-apparels. According to the bed type, the global market is categorized into flat bed, cylinder bed, and post bed sewing machines. By fabric weight, the market is classified into light weight, medium weight, heavy weight, and extra-heavy weight sewing machines.

The global industrial sewing machines market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, Russia, Italy, and rest of Europe), Asia-Pacific (China, Japan, Vietnam, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific held the largest market share during 2019, and is expected to grow at the fastest rate throughout the forecast period, owing to high demand from the developing countries such as Vietnam and Bangladesh for apparel production industry.

Key Findings Of The Study

By fabric weight, the medium weight segment dominated the industrial sewing machines market share in 2019.
On the basis of bed type, the flat bed segment is expected to generate high revenue, globally.
Depending on application, the apparel segment garnered major share of the speaker market in 2019.
Region wise, Asia-Pacific dominated the market in 2019.
The major players operating in the industrial sewing machines industry include Juki Corporation, AMF Reece CR, s.r.o., BERNINA International AG, Brother Industries Ltd., Dürkopp Adler AG, JACK Sewing Machine Co. Ltd., Mitsubishi Electric Corporation, Pegasus Sewing Machine Mfg. Co., Ltd., SEIKO Sewing Machine Co., Ltd., and Yamato Sewing Machine Mfg. Co., Ltd.

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This release was published on openPR.