Sewing Machine Market size was valued at US$ 5.30 Bn. in 2020 and the total revenue is expected to grow at CAGR 5.68% through 2021 to 2027, reaching nearly US$ 7.80 Bn.
Sewing Machine Market Overview:
Maximize Market Research Sewing Machine Market Report investigates a number of aspects that influence market growth. This research examines Sewing Machine market trends, opportunities, restraints, and elements that influence the market positively or negatively. This section also discusses the many industries and applications that will have an impact on the Sewing Machine market in the next years. This data comes from previous and recent samples. In addition, from 2021 to 2027, this section provides a global overview of type-specific output. This section discusses the region's production from 2021 to 2027. The prices for each category span from 2021 through 2027, including regional and global pricing.
Market Scope:
During the forecast period 2021-2027, the Sewing Machine market is expected to grow at the fastest rate. Maximize Market Research findings include supply and demand trends, costs, prices, shares, volumes, sales, and gross margins. MMR data is used to assess each manufacturer's manufacturing unit, capacity, production, factory price, market price, and market share.
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Segmentation:
Based on the Product type, the market is segmented into Mechanical, Electronic, Embroidery, and others.
The Electronic Sewing Machine segment captured the largest market share, accounted for 44.71% in 2020. This segment is expected to grow at a CAGR of 5.39% during the forecast period. Electronic sewing machines have abundant features such as good quality, advanced stitching, and more precision, resulting in the highest preference for this product from a large number of consumers across the globe.
Key Players:
• Ares Capital Corp.
• BERNINA International AG
• Brother International Corp.
• China Feiyue USA Inc.
• JACK Sewing Machine Co. Ltd.
• Janome Sewing Machine co. Ltd.
• JUKI Corp.
• Mitsubishi Electric Corp.
• Shang Gong Group Co. Ltd.
• ZOJE Sewing Machine Co. Ltd.
• Seiko Sewing Machine Co. Ltd.
• Singer Corporation
• Brother Industries, Ltd.
• Kaulin
• Million Special Industries Co. Ltd.
Regional Analysis:
North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa are all covered in the Maximize Market Research Sewing Machine Market Report. In this Sewing Machine market study, MMR focuses on the main market segments and sub segments, as well as significant industry sectors. Based on market size, share, and volume, the MMR survey ranks innovative countries in district development. All data are volume, area, income, the marketplace chain structure, and trends.