The 2023 Global Sewing Machine Market Report: Comprehensive Insights into Market Size, Key Segments, and Emerging Trends || Januaryome Sewing Machine Co. Ltd., JUKI Corporation

The Sewing Machine Global Market Report 2023, provides comprehensive information on the sewing machine market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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According to The Business Research Company’s Sewing Machine Global Market Report for the year 2023, it is anticipated that the market will witness a significant expansion, projecting a growth from $4.68 billion in 2022 to approximately $4.97 billion in 2023, reflecting a notable compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. Looking ahead, the trajectory remains promising, foreseeing a substantial surge in the global sewing machine market, with an expected size of around $6.27 billion by the year 2027, sustaining a steady CAGR of 6.0%. This growth trajectory signifies a notable opportunity for market players and stakeholders in the industry.

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The burgeoning trend of technological advancement has become increasingly prominent within the sewing machine market. Companies are strategically unveiling innovative products imbued with cutting-edge technologies, aiming to augment their revenues and expand their customer base. A case in point is Usha International, which, leveraging valuable consumer insights and preferences, introduced a quartet of new sewing machines in July 2020. These machines, namely the Skyline S-9, Memory Craft 9850, 6700 P, and Memory Craft 550E, are versatile and tailored to cater to the burgeoning community of hobbyists and smaller-scale commercial enterprises. They boast a spectrum of technologically advanced features, meeting the precise control demands of discerning consumers.

The sewing machine market is segmented:
1) By Type: Mechanical, Electronic, Automated, Embroidery, Overlock, Others

2) By Distribution Channel: Online, Offline

3) By Application: Apparel, Shoes, Bags

4) By End-Users: Household, Commercial, Industrial

Asia-Pacific was the largest region in the sewing machine market in 2022.

The table of contents in TBRC’s sewing machine market report includes:
1. Executive Summary
2. Sewing Machine Market Characteristics
3. Sewing Machine Market Trends And Strategies
4. Impact Of COVID-19
5. Sewing Machine Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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