Jul 14, 2022   SOURCE: BusinessWire

The Worldwide Sewing Machine Industry is Expected to Reach $6.4 Billion by 2027 - ResearchAndMarkets.com

The "Sewing Machine Market Research Report by Product Type (Electronics, Embroidery, and Mechanical), Distribution Channel, Application, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Sewing Machine Market size was estimated at USD 4,278.35 million in 2021 and expected to reach USD 4,575.69 million in 2022, and is projected to grow at a CAGR of 7.20% to reach USD 6,494.79 million by 2027.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Sewing Machine Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Sewing Machine Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Sewing Machine Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Sewing Machine Market?

4. What is the competitive strategic window for opportunities in the Global Sewing Machine Market?

5. What are the technology trends and regulatory frameworks in the Global Sewing Machine Market?

6. What is the market share of the leading vendors in the Global Sewing Machine Market?

7. What modes and strategic moves are considered suitable for entering the Global Sewing Machine Market?

Market Dynamics

Drivers

  • Increasing growth in the global textile industry
  • Rising use of sewing machines in automotive and construction
  • Rise of sewing as a leisure pursuit among new sewing enthusiasts

Restraints

  • High price of industrial sewing machines

Opportunities

  • Technological advancements in sewing machines
  • Emerging adoption of electric vehicles and the adoption of sustainable car accessories

Challenges

  • Prevalence of musculoskeletal disorders among sewing machine workers

Companies Mentioned

  • AMF Reece CR, s.r.o.
  • Bernina International AG
  • Brother Industries, Ltd
  • China Feiyue USA Inc.
  • Durkopp Adler
  • JACK Sewing Machine Co. Ltd.
  • Jaguar sewing machines
  • Janome Sewing Machine Co Ltd
  • JUKI Corporation
  • Kaulin Manufacturing Co., Ltd.
  • lock Co., Ltd
  • Merrow Sewing Machine Company
  • Mitsubishi Electric Corporation
  • Necchi Italia S.r.l.
  • Seiko Sewing Machine Co., Ltd
  • SGSB Group Co., Ltd.
  • Singer India Limited
  • SVP Holdings Ltd.
  • Tacony Corporation
  • Tajima Industries Ltd
  • Usha International Limited
  • VSM Group AB
  • White Sewing Machine Company
  • ZOJE Sewing Machine Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/e7zlgn