Press release
Industrial Sewing Machines Market Development, Market Trends, Key Driven Factors, Segmentation And Forecast To 2020-2027 | By Size, Share, Growth
According to a new report published by Allied Market Research, 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.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.
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Leading Players:
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.
Growth Factors:
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.
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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.
KEY QUESTIONS ANSWERED IN THE REPORT:
Q1. At what CAGR will the Industrial Sewing Machines Market is expected to expand in between 2021 - 2027?
Q2. What will be the revenue of Global industry by the end of 2027?
Q3. How can I get sample report for Industrial Sewing Machines Market?
Q4. Which factors drive the growth of the global industry?
Q5. Who are the leading players in Industrial Sewing Machines Market?
Q6. How can I get company profiles of top ten players of Global Market?
Q7. What are the segments of Industrial Sewing Machines Market?
Q8. What are the major growth strategies of Industrial Sewing Machines Market Players?
Q9. By product, which segment is projected to manifest the highest CAGR during 2021 - 2027?
Q10. By Region, which segment dominated in 2020 and would maintain the lead over the forecast period?
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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