Sewing Machine Market Size, Growth Strategies, Competitive Landscape 2022-2028

According to Precision Business Insights (PBI), the latest report, the market value of the sewing machine market size is expected to be valued at USD 5,387.2 million in 2022 and is expected to grow at a CAGR of 6.4% in 2022-2028. The primary factors that drive the market are increasing demand for technical textiles for specialized applications and increasing the use of sewing machines in various textile segments.

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Electric Segment to Dominate the Sewing Machine Market:
Based on product type, the electric segment holds the highest market share. The major factor for the rise of this segment is the various advantages of the electric segment. Electric sewing machines have numerous advantages, such as high quality, enhanced stitching, and precision, which plea to an extensive variation of customers. These devices are mostly used by tailors or professionals and experts, as they allow higher accuracy in their work. These factors can drive the global Sewing Machine market growth.

Asia Pacific Sewing Machine Market:
The Asia Pacific leads the global sewing machine market growth due to the growing number of multinational businesses participating across this region and the accessibility of the material and labor at a low cost. The Asia Pacific leads the global market due to varying fashion drifts of citizens, increasing funding from private sectors, and rising collaborations among global key players have contributed to increasing the sales of the sewing machine in this region. Countries such as Japan and China are completely contributing to the market profits.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global sewing machine market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. In April 2022, JUKI and PEGASUS launched the first sewing machine series by joint development. In August 2022, Brother International Corporation announced its New for 2023 product inventions including five new best-in-class sewing, quilting, and embroidery machines.

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The sewing machine market is segmented based on, product type, application, distribution channel, and region.
Based on the product type, the market is segmented into the following:
• Mechanical
• Electronics
• Embroidery

Based on the application type, the market is segmented into the following:
• Domestic
• Industrial

Based on the distribution channel, the market is segmented into the following:
• Online
• Offline

Based on the region, the market is segmented into the following:
• Asia Pacific
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Key players' profiles in the sewing machine market report are Bernina International AG, Brother Industries, Ltd, Janome Sewing Machine Co Ltd, JUKI Corporation, Merrow Sewing Machine Company, Mitsubishi Electric Corporation, Necchi Italia S.r.l. , Singer India Limited, Tacony Corporation, and Usha International Limited.

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