Top Players in Industrial Sewing Machines Market are JUKI Corporation, Brother Industries Ltd, PEGASUS SEWING MACHINE MFG. CO. Ltd., Singer Sewing Company, PFAFF Industriesysteme und Maschinen GmbH, JACK Sewing Machine Co. Ltd., Janome America Inc., Husqvarna AB, Shang Gong Group Co., Ltd., Bernina International AG
The overallindustrial sewing machinesmarket is expected to grow from USD 4.10 Billion in 2018 to USD 5.63 Billion by 2026 at a CAGR of 4.1% during the forecast period. The rising adoption of sewing machines in the automotive and construction industries will primarily drive the growth of this market in the foreseeable future. Sewing machines are extensively used to stitch together fabrics and textiles and create unique products. These devices are experiencing soaring demand in diverse industries, particularly in automotive and construction.
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In automobiles, textiles are widely utilized for vehicle interiors such as for making nylon tire cords, automotive carpets, and seatbelt webbings, among others. Recent advancements in textiles such as Mobiltech technical textiles which cater to the aerospace and automotive industries have emerged as one of the leading industrial sewing machines market trends.
Moreover, the growing production of electric vehicles, as per the International Energy Agency’s projections, will further boost the demand for these machines and may even encourage manufacturers to develop sustainable solutions in textile manufacturing. Similarly, the global construction industry is progressing at a furious pace, fueling the demand for roofing materials, canopies, and scaffolding nets and brightening the prospects of the market.
List of Key Players Covered in the Report Include:
An Overview of the Impact of COVID-19 on this Market:
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Market Drivers:
Launch of Intelligent Manufacturing Systems to Aid Market Growth
The industrial sewing machines market growth is set to get stimulated by the increasing adoption of intelligent technologies in the manufacturing of sewing machines. For instance, China-based Jack Sewing Machine Co. Ltd. announced an investment of 100 million yuan in October 2019 to build and launch the textile industry’s first-of-its-kind fully-automated casing production line. Powered by smart technologies such as Internet of Things (IoT) and Big Data, Jack’s new system aims to enhance efficiency and improving accuracy in production. The integration of modern technologies with traditional occupations in such a manner is, therefore, paving the way for exciting innovation opportunities for sewing machines market players.
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Industry Developments:
Regional Dynamics:
Rapid Development in Textile Manufacturing to Expand the Market in Asia-Pacific
Asia-Pacific, with market size of 2.95 billion in 2018, is slated to dominate the industrial sewing machines market share during the forecast period. Countries in this region are rich in natural resources which have enabled them to cultivate and produce some of the finest textiles in the world. Taking advantage of this factor, governments are aggressively investing in and promoting their textile industries. For example, the Government of India cut the tax on embroidery, knitting, cutting, and weaving to 5% from the earlier 18% in 2019. Thus, the demand for sewing machines is spiking and boosting the market in the region, the industrial sewing machines market analysis says.
In North America, there is a growing preference for in-house textile manufacturing which is auguring well for the market in the region, while the presence of a robust textile industry is propelling the market in Europe.
Competitive Landscape:
Determined Focus on Internal Reforms to Heighten Competitive Fervor Among Players
Core competitors in this market are intensely focused on bringing about decisive internal organizational reforms to elevate their performance, according to the industrial sewing machines market report. Better sales through such reforms will empower companies to deepen their hold on the market and undertake new ventures.
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