Industrial Sewing Machines Market is estimated to grow with a CAGR of 5.30% during the forecast period
Industrial Sewing Machines Market size was valued at USD 3315.03 million in 2020 and expected to expand to USD 5534.60 million at a compound annual growth rate (CAGR) of 5.30%. Apparel and non-apparel products such as shirts, t-shirts, automobile seats, parachutes, and bags are stitched with industrial sewing machines. They are designed for heavy-duty stitching applications in large-scale industry and have significant output capacity. Furthermore, industrial sewing machines come in a variety of styles for creating various stitches, such as overlock stitch, lock stitch, zigzag stitch, and chainstitch. Industrial sewing machines are developed primarily for use in industry environments and have higher efficiency than regular sewing machines.
The report "Global Industrial Sewing Machines Market, By Type (Mechanical Sewing Machines and Electronic Sewing Machines), By Application (Clothing Industry, Leather Industry, and Textile Industry), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030’’
Key Highlights:
· Juki Corporation announced the debut of two new sewing machines in November 2019 with features such as semi-dry, 2-needle, lockstitch, and needle-feed stitching. It has a digitalized sewing adjustment function and may be used to sew attractive stitches on collars, pants pockets, and sleeve cuffs, among other things.
· Dürkopp Adler AG, meantime, announced the launch of the new M-TYPE DELTA D669 cylinder arm sewing machine at SIMAC 2020 in February 2020. The sewing machine is totally electronic and networkable, and it is intended for use in the leather sector.
Analyst View:
Because of the rapidly shifting fashion trends, the apparel sector has risen tremendously. As a result of the increased demand for trendy items, apparel manufacturers are now focusing on producing new garments in big quantities with minimal effort on preserving product quality. This has necessitated the purchase of large-scale industrial sewing machines in order to meet the global demand for clothes. Furthermore, the boom in online garment sales through e-retail platforms has contributed to the increase in clothes sales. As a result, demand for industrial sewing machines is expected to rise as the apparel sector expands.
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Key Market Insights from the report:
The Global Industrial Sewing Machines Market size was valued at USD 3315.03 million in 2020 and expected to expand to USD 5534.60 million at a compound annual growth rate (CAGR) of 5.30%. The global industrial sewing machines market report segments the market on the basis of type, application, and region.
· Based on Type, Global Industrial Sewing Machines Market is segmented into Mechanical Sewing Machines and Electronic Sewing Machines.
· Based on Application, Global Industrial Sewing Machines Market is segmented into Clothing Industry, Leather Industry, and Textile Industry.
· By Region, the Global Industrial Sewing Machines Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Global Industrial Sewing Machines Market:
The key market players profiled in the report include Juki Corporation, AMF Reece CR, s.r.o., BERNINA International AG, Brother Industries Ltd., Dürkopp 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.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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