Sewing Machine Global Market will Exceed $6.8 Billion By 2028 with a Projected CAGR of 6.5% | Intel Corporation, Mediatek Inc., NVIDIA Corporation, Alphabet Inc., IBM Corporation

"The new report published by The Business Research Company, titled ""Sewing Machine Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the sewing machine market size has grown strongly in recent years. It will grow from $4.97 billion in 2023 to $5.3 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The sewing machine market size is expected to see strong growth in the next few years. It will grow to $6.8 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.

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Textile Industry Growth Fuels Expansion Of The Sewing Machine Market
The rapid growth of the textile industry is contributing to the growth of the sewing machine market. Textile refers to a fabric (woven or knitted) made from yarn. A sewing machine is used to stitch the fabric and other pliable materials together with threads. For instance, according to EduRev data for 2022, the Indian textiles market is expected to be worth more than $209 billion by 2029. According to Business Standard data for 2022, textile and apparel exports in India increased 41% in the April-December 2021 period as compared to previous year. The rapid growth of the textile industry will drive the sewing machine market.

Innovative Technology Drives Advancements In The Sewing Machine Market
Technological advancement is a key trend gaining popularity in the sewing machine market. Companies are launching products with new technologies to increase revenues and gain customers. For instance, in January 2023, PFAFF, a Germany-based sewing machine manufacturer, launched a new short-seam automatic sewing machine called the PFAFF 3686. The PFAFF 3686 is designed for darts and waistband pleats, making it the most versatile and efficient short-seam automatic sewing machine on the market. The machine is available in different models with varying seam lengths. The PFAFF 3686-25/11 is capable of sewing darts and waistband pleats with up to 490 mm of seam length, while the PFAFF 3686-23/12 can handle seam lengths of up to 300 mm.

The sewing machine market covered in this report is segmented -
1) By Type: Mechanical, Electronic, Automated, Embroidery, Overlock, Others
2) By Distribution Channel: Online, Offline
3) By Application: Apparel, Shoes, Bags
4) By End-Users: Household, Commercial, Industrial

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Major companies operating in the sewing machine market include Intel Corporation, Mediatek Inc, NVIDIA Corporation, Qualcomm Technologies Inc, Advanced Micro Devices Inc, Alphabet Inc, NXP Semiconductors N.V, Micron Technology Inc, IBM Corporation, Apple Inc, Huawei Technologies Co Ltd, Mythic Inc, Samsung Electronics Co ltd, LG Corporation, Google LLC, Advanced Micro Devices Inc, Baidu, MediaTek Inc, Mellanox Technologies, Xilinx Inc, Graphcore, Cerebras Systems, Habana Labs

Contents of the report:
1. Executive Summary
2. Sewing Machine Market Report Structure
3. Sewing Machine Market Trends And Strategies
4. Sewing Machine Market - Macro Economic Scenario
5. Sewing Machine Market Size And Growth
…..
27. Sewing Machine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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