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Embroidery Machine Market is Expected to Gain Popularity Across the Globe by 2031

06-17-2024 08:35 AM CET | Industry, Real Estate & Construction

Press release from: Transparency Market Research

Embroidery Machine Market is Expected to Gain Popularity Across

The embroidery machine market is experiencing a notable surge in demand, driven by advancements in technology, increasing consumer interest in personalized and customized apparel, and a resurgence in home crafting activities. Embroidery machines are pivotal in both commercial and home settings, enabling users to create intricate designs on fabric with precision and ease. The market encompasses a range of machines from basic models for hobbyists to sophisticated, multi-needle machines for professional use.

Market Size and Growth

From 2023 to 2031, the embroidery machine market is expected to witness significant growth. In 2022, the market was valued at approximately US$ 1.5 Bn and is projected to reach around US$ 2.3 Bn by 2031, growing at a CAGR of 5.1%. This growth is attributed to the rising popularity of DIY crafts, the fashion industry's demand for unique embellishments, and technological advancements in embroidery machines that enhance efficiency and capabilities.

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Market Segmentation
By Service Type

Manual Embroidery Machines
Computerized Embroidery Machines
By Sourcing Type

Domestic
Imported
By Application

Apparel
Home Décor
Industrial
By Industry Vertical

Textile and Apparel
Automotive
Promotional Products
Others
By Region

North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

Regional Analysis

The embroidery machine market shows varied growth trends across different regions. North America and Europe dominate the market due to their well-established textile and apparel industries and high adoption of advanced technologies. The Asia-Pacific region is expected to witness the fastest growth, driven by the expanding garment manufacturing sector in countries like China, India, and Bangladesh. Latin America and the Middle East & Africa regions are also showing steady growth, supported by increasing investments in textile manufacturing.

Market Drivers and Challenges

Market Drivers:

Technological Advancements: The introduction of computerized embroidery machines with advanced features such as automatic thread cutting, multi-needle functionality, and connectivity to design software.
Rising Demand for Customization: Growing consumer preference for personalized clothing and home décor items.
Increase in DIY Culture: The resurgence of home crafting and DIY projects, especially during and post-pandemic, has spurred demand for home embroidery machines.

Market Challenges:

High Initial Investment: The cost of high-end embroidery machines can be prohibitive for small businesses and individual users.
Skill Requirement: Operating advanced embroidery machines requires specific skills and training, which may be a barrier for new users.
Maintenance Costs: The need for regular maintenance and potential high repair costs can deter users.

Market Trends

Integration of IoT: The adoption of Internet of Things (IoT) in embroidery machines for better connectivity and remote monitoring.
Sustainability: Growing emphasis on sustainable and eco-friendly materials in the embroidery process.
Automation: Increased automation in embroidery machines, reducing the need for manual intervention and enhancing productivity.

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Competitive Landscape

The embroidery machine market is highly competitive with several key players driving innovation and growth. Major companies include Brother Industries, Ltd., Bernina International AG, Janome America, Inc., and Singer Corporation. These companies focus on product innovation, expanding their product portfolios, and strategic partnerships to strengthen their market position.

Future Outlook

The future of the embroidery machine market looks promising with continuous technological advancements and increasing consumer interest in custom and personalized products. The integration of AI and machine learning for design optimization and error reduction is anticipated to revolutionize the market. Moreover, the growing trend of small home-based businesses and online custom shops will further propel market growth.

Key Market Study Points

Detailed analysis of market size and growth trends from 2023 to 2031.
Segmentation analysis by service type, sourcing type, application, industry vertical, and region.
In-depth regional analysis highlighting key markets and growth opportunities.
Examination of market drivers, challenges, and emerging trends.
Competitive landscape with profiles of leading market players.
Future outlook with projections and potential market developments.

About Us:

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact Us:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

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