How Substantial is the Industrial Sewing Machines Market extent?
The latest intelligence report published by Report Ocean, titled “Industrial Sewing Machines Market ”2023: Increase in Demand and Opportunities,” offers valuable insights into the industry. The report provides a comprehensive analysis of research and information from various sources, empowering decision-makers worldwide to make a significant impact on the global economy. With a dynamic vision of the market size, statistics, and competitive landscape, the report presents a complete overview of the industry. It covers future trends, growth factors, consumption, production volume, CAGR value, opinions, profit margin, pricing, and industry-validated market data. This report assists individuals and market competitors in predicting future profitability and making crucial decisions for business growth.
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. Industrial sewing machines are utilized for the manufacturing of ready-made apparels and non-apparel products such as automobile covers, upholstery, and furniture. Industrial sewing machines are specifically designed for application in factory environments and offer high efficiencies than normal household sewing machines. In addition, various types of industrial sewing machines are available for performing specific type of stitches such as, lockstitch, overlock stitch, chainstitch, zigzag stitch, and blind stitch.
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What is the Magnitude of the Industrial Sewing Machines Market ?
Furthermore, industrial sewing machines are deployed with robust external motors, which make them operable for long working hours. The expansion of the apparel and footwear industries acts as the key driver of the global industrial sewing machine market. Apparel industry has highly benefitted from the frequently changing fashion trends promoted by the social media platforms such as Instagram, Facebook, and Snapchat. In addition, consumer desire for affordable and instant fashion promotes the sale of apparel and footwear through e-retail platforms.
These factors significantly contribute toward the growth of the apparel and footwear industries, which, in turn, promotes the growth of the industrial sewing machines market. Moreover, surge in mass production of clothing, also known as fast fashion, owing to developed supply chain and increase in consumer spending on clothes have boosted the demand for large-scale manufacturing. Although China has been on the forefront of manufacturing and exporting textiles globally, other Asian countries such as Vietnam and Bangladesh have gained popularity in recent years for rapid apparel production and export. This has created high demand for industrial sewing machines from these countries, and is anticipated to propel the growth of the industry, globally.
On the contrary, industrial sewing machines consist of robust motors, which increase their price. Thus, high price of industrial sewing machines is a major restraining factor of the industrial sewing machines market. In addition, the COVID-19 pandemic has resulted in halting of operations in industries, owing to prolonged lockdown in 2020. This has not only affected the production of industrial sewing machines but also reduced their demand from the end-user markets, thereby restraining the growth of the industrial sewing machines market during 2020.
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However, increase in penetration of robotics and automation in industrial sewing machines are likely to boost the global market for industrial sewing machines. The inclusion automation and robotics in industrial sewing machines save production time significantly, which allows the apparel manufacturers to produce more products in less time. This is likely to create remunerative opportunities for the expansion of the industrial sewing machines market during the forecast period.
The global industrial sewing machines market is segmented into application, bed type, fabric weight, and region. On the basis of application, the industrial sewing machines market is bifurcated into apparels and non-apparels. According to the bed type, it is categorized into flat bed, cylinder bed, and post bed sewing machines. By fabric weight, it is classified into lightweight, 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.
COMPETITION ANALYSIS
The key market players profiled in the report include Juki Corporation, AMF Reece CR, s.r.o., BERNINA International AG, Brother Industries Ltd., Durkopp 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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Many competitors in the industrial sewing machines market adopted product launch as their key developmental strategy to expand their product portfolio. For instance, in November 2019, the company Juki Corporation announced the launch of two new sewing machines with functions such as semi-dry, 2-needle, lockstitch, and needle-feed sewing. It features a digitalized sewing adjustment function and can be utilized for sewing decorative stitches on collars, jeans pockets, and sleeve cuffs. Similarly, in February 2020, Durkopp Adler AG announced the launch of new M-TYPE DELTA D669 cylinder arm sewing machine at the SIMAC 2020. The product is completely electronic and networkable sewing machine, and is designed for applications in the leather industry.
KEY BENEFITS FOR STAKEHOLDERS
? The report provides an extensive analysis of the current and emerging global industrial sewing machines market trends and dynamics.
? In-depth analysis of the market is conducted by constructing estimations for the key segments between 2019 and 2027.
? Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
? A comprehensive industrial sewing machines market opportunity analysis of all the countries is provided in the report.
? The global industrial sewing machines market forecast analysis from 2020 to 2027 is included in the report.
? The key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the industry.
GLOBAL INDUSTRIAL SEWING MACHINES MARKET SEGMENTS
BY FABRIC WEIGHT
– Lightweight
– Medium Weight
– Heavy Weight
– Extra-heavy Weight
BY BED TYPE
– Flat Bed
– Cylinder Bed
– Post Bed
BY APPLICATION
– Apparel
– Non-apparel
BY REGION
– North America
o U.S.
o Canada
o Mexico
– Europe
o Germany
o Russia
o Italy
o Rest of Europe
– Asia-Pacific
o China
o Japan
o Vietnam
o Rest of Asia-Pacific
– LAMEA
o Latin America
o Middle East
o Africa
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
Market Dynamics:
Market Drivers:
- Increasing emphasis on self-care and wellness, particularly among women. A
- Growing awareness of the health and beauty benefits offered by dietary supplements.
- Rising disposable incomes and willingness to invest in premium health and beauty products.
- Influence of social media and beauty influencers shaping consumer preferences.
- Changing lifestyles and health concerns driving the demand for supplementary nutrition.
Market Restraints:
- Lack of regulatory oversight and quality control in the supplements industry.
- Consumer skepticism and confusion regarding product claims and effectiveness.
- Potential risks and interactions with other medications or health conditions.
- Limited accessibility and affordability of supplements in certain regions.
Market Opportunities:
- Increasing demand for natural and organic supplements.
- Untapped market potential in the Asia-Pacific region.
- Development of innovative formulations and delivery methods.
- Collaborations with beauty brands or influencers for product endorsements.
- Integration of technology to personalize nutrition and enhance consumer experience.
Market Challenges:
- Intense competition among market players.
- Navigating regulatory complexities and meeting regional standards.
- Building trust and credibility with consumers.
- Educating consumers about the benefits and proper usage of supplements.
- Addressing concerns and skepticism regarding the safety and efficacy of supplements.
The report will include answers to the following key questions:
- What are the key current trends that can impact the product life cycle and return on investment?
- How do regulatory changes affect corporate, business, and functional strategies?
- Which initiatives by major players in micromarketing are likely to attract investment?
- What are the recommended frameworks and methodologies for conducting PESTLE analysis?
- In which areas are there emerging opportunities for growth and development?
- Which game-changing technologies will be instrumental in capturing new revenue streams in the near future?
- What operational and tactical frameworks are different players adopting to foster customer loyalty?
- What is the current level of market rivalry, and what is the expected degree of competition in the coming years?
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