/$6,509.8 million Sewing Machine Market is Likely to Grow at 6.10% CAGR during the Period 2021 to 2027 Trending
$6,509.8 million Sewing Machine Market is Likely to Grow at 6.10% CAGR during the Period 2021 to 2027
Sewing Machine Market by Product Type (Mechanical, Electronic, and Embroidery), Application (Domestic and Industrial), and Distribution Channel (Online and Offline): Global Opportunity Analysis and Industry Forecast 2021–2027
tusharJuly 13, 2021
According to a new report published by Allied Market Research titled, “
Sewing Machine Market by Product Type, Application, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2027,” the sewing machine market size was valued at $4,975.2 million in 2019, and is projected to reach $6,509.8 million by 2027, growing at a CAGR of 6.10% from 2021 to 2027.. In 2019, Asia-Pacific accounted for the largest share of around 39.7%, due to collaboration of machines with digitalization by key players tha
Embroidery Software Market Predictions Set Incredible Growth in Coming Years | Brother International Corporation, Embird, Hirsch Solutions, Husqvarna
iCrowd Newswire
A Latest intelligence report published by AMA Research with title
. A detailed study accumulated to offer Latest insights about acute features of the
Global
Embroidery Software market. This report provides a detailed overview of key factors in the Embroidery Software Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. A thorough analysis of these factors including economic slowdown, local & global reforms and COVID-19 Impact has been conducted to determine future growth prospects in the global market.
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NEW YORK, May 27, 2021 /PRNewswire/ Award winning market research company Fact.MR s report on the global sewing machine market presents a positive outlook for 2021, owing to the surging demand for computerized sewing machine in textile industry for apparel manufacturing. According to the study, surging demand for Wi-Fi-enabled sewing machines from textile and apparel manufactures is aiding the market demand.
According to Fact.MR analysis, the sewing machine market is expected to grow at over 4% CAGR to reach a valuation of US$ 5 billion through 2031. Technological advancements in the manufacturing of sewing machines such as pedal-less swing, real-time monitoring, and automatic bobbin changer with digital feed are improving the demand within textile & apparel manufacturers. Historically, the market accrued substantial growth on the back of advancements incorporated in industrial sewing machines.
3. MARKET TRENDS & DRIVERS
Energy-Efficiency: A Key Factor Driving Technology Innovation
Computerized Sewing Machines: A Major Innovation Fueling Market Growth
Innovative Embroidery Software Spells Significant Market Opportunities
Rise of Sewing as a Leisure Activity among New Sewing Enthusiasts Drive Demand for Household Sewing Machines
Key Purchase Considerations for Pros and Beginners
Rising Interest of DIYers Promises Bright Prospects for the Market
User-Friendly Models for New Sewing Enthusiasts to Propel Adoption
Specialized Sewing Machines for Sewing, Repairing, and Fixing Leather Products Grow in Prominence
Apparel Demand and Textile Making Industry Trends to Influence Demand for Industrial Sewing Machines
With Apparel & Textile Manufacturing Disrupted due to COVID-19 Outbreak, Impact Imminent on Sewing Machines Sales