Industrial Sewing Machine Market

The industrial sewing machine market is anticipated to show growth with a forecasted increase in volume and value. Consumption trends indicate fluctuations over the years, with a peak in 2014 followed by a decline. The top consuming countries include India, the United States, and Vietnam. Production and import trends reflect varying growth rates among key players. Uzbekistan emerges as a rapidly growing importer. Export trends show an increase in shipments, with China and Singapore leading in exports. Different types of industrial sewing machines show varying growth rates in terms of shipments and export prices.

Market Forecast

Driven by rising demand for industrial sewing machine worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +4.6% for the period from 2022 to 2030, which is projected to bring the market volume to 14M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.1% for the period from 2022 to 2030, which is projected to bring the market value to $6.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Industrial Sewing Machines

In 2022, approx. 9.5M units of industrial sewing machines were consumed worldwide; shrinking by -43.5% against the year before. Overall, consumption recorded a pronounced descent. As a result, consumption attained the peak volume of 17M units, and then reduced sharply in the following year.

The global industrial sewing machine market value declined remarkably to $4.4B in 2022, with a decrease of -42.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a deep downturn. Over the period under review, the global market reached the peak level at $9.6B in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were India (1.4M units), the United States (996K units) and Vietnam (623K units), together accounting for 32% of global consumption. Brazil, Singapore, Indonesia, Turkey, Bangladesh, the United Arab Emirates, Uzbekistan, Egypt, China and Russia lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +24.2%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest industrial sewing machine markets worldwide were the United States ($444M), India ($329M) and Vietnam ($260M), with a combined 24% share of the global market. Singapore, Turkey, Bangladesh, China, Indonesia, Brazil, Uzbekistan, Russia, the United Arab Emirates and Egypt lagged somewhat behind, together comprising a further 25%.

In terms of the main consuming countries, Uzbekistan, with a CAGR of +19.0%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of industrial sewing machine per capita consumption was registered in Singapore (51 units per 1000 persons), followed by the United Arab Emirates (22 units per 1000 persons), Vietnam (6.3 units per 1000 persons) and Uzbekistan (5.9 units per 1000 persons), while the world average per capita consumption of industrial sewing machine was estimated at less than 0.1 units per 1000 persons.

From 2012 to 2022, the average annual growth rate of the industrial sewing machine per capita consumption in Singapore totaled -23.6%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the United Arab Emirates (+9.2% per year) and Vietnam (+7.6% per year).

Production

World Production of Industrial Sewing Machines

In 2022, the amount of industrial sewing machines produced worldwide declined to 12M units, with a decrease of -6.6% compared with the year before. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 46%. Over the period under review, global production reached the maximum volume at 13M units in 2014; however, from 2015 to 2022, production remained at a lower figure.

In value terms, industrial sewing machine production declined slightly to $10.3B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 48% against the previous year. Global production peaked at $11.4B in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (5.2M units), Singapore (4.4M units) and the United States (495K units), with a combined 87% share of global production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by the United States (with a CAGR of +15.3%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Industrial Sewing Machines

In 2022, the amount of industrial sewing machines imported worldwide fell remarkably to 8.8M units, reducing by -28.1% on 2021 figures. Over the period under review, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 74%. As a result, imports attained the peak of 12M units, and then reduced remarkably in the following year.

In value terms, industrial sewing machine imports rose slightly to $3.1B in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. Global imports peaked at $3.3B in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports By Country

In 2022, India (1.7M units), distantly followed by Vietnam (671K units) and the United States (535K units) were the largest importers of industrial sewing machines, together constituting 33% of total imports. Singapore (330K units), Indonesia (273K units), Brazil (267K units), Turkey (246K units), Bangladesh (228K units), the United Arab Emirates (225K units), Uzbekistan (208K units), Egypt (206K units), Russia (187K units) and Myanmar (144K units) took a minor share of total imports.

Imports into India increased at an average annual rate of +16.8% from 2012 to 2022. At the same time, Uzbekistan (+18.3%), Egypt (+12.1%), the United Arab Emirates (+10.2%), Vietnam (+8.0%), Turkey (+6.8%), Indonesia (+6.8%), Russia (+6.3%), Myanmar (+4.0%) and Bangladesh (+2.8%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the world, with a CAGR of +18.3% from 2012-2022. The United States experienced a relatively flat trend pattern. By contrast, Singapore (-1.4%) and Brazil (-9.9%) illustrated a downward trend over the same period. While the share of India (+12 p.p.), Uzbekistan (+2.4 p.p.) and Vietnam (+2 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the United States (-2.8 p.p.), Singapore (-3.1 p.p.) and Brazil (-10.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($300M), Vietnam ($274M) and Singapore ($255M) appeared to be the countries with the highest levels of imports in 2022, together comprising 26% of global imports. Turkey, Bangladesh, the United States, Indonesia, Brazil, Uzbekistan, Russia, the United Arab Emirates, Myanmar and Egypt lagged somewhat behind, together comprising a further 29%.

In terms of the main importing countries, Uzbekistan, with a CAGR of +13.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

Industrial sewing machines (non-automatic) represented the main type of industrial sewing machines in the world, with the volume of imports recording 6.3M units, which was near 77% of total imports in 2022. It was distantly followed by industrial automatic sewing machines (1.8M units), achieving a 23% share of total imports.

Industrial sewing machines (non-automatic) was also the fastest-growing in terms of imports, with a CAGR of +4.7% from 2012 to 2022. At the same time, industrial automatic sewing machines (+3.9%) displayed positive paces of growth. The shares of the largest types remained relatively stable throughout the analyzed period.

In value terms, industrial sewing machines (non-automatic) ($2.1B) constitutes the largest type of industrial sewing machines imported worldwide, comprising 68% of global imports. The second position in the ranking was held by industrial automatic sewing machines ($985M), with a 32% share of global imports.

From 2012 to 2022, the average annual growth rate of the value of industrial sewing machines (non-automatic) imports amounted to +3.3%.

Import Prices By Type

In 2022, the average industrial sewing machine import price amounted to $357 per unit, with an increase of 41% against the previous year. Overall, the import price, however, saw a slight decline. Over the period under review, average import prices attained the maximum at $431 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major imported products. In 2022, the product with the highest price was industrial automatic sewing machines ($539 per unit), while the price for industrial sewing machines (non-automatic) totaled $342 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by industrial sewing machines (non-automatic) (-1.4%).

Import Prices By Country

The average industrial sewing machine import price stood at $357 per unit in 2022, growing by 41% against the previous year. Over the period under review, the import price, however, continues to indicate a slight shrinkage. Global import price peaked at $431 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($774 per unit), while Egypt ($63 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+7.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Industrial Sewing Machines

In 2022, shipments abroad of industrial sewing machines increased by 39% to 11M units, rising for the second year in a row after two years of decline. Overall, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 154%. The global exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, industrial sewing machine exports expanded notably to $3.3B in 2022. The total export value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 41% against the previous year. Over the period under review, the global exports reached the maximum at $3.4B in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports By Country

China (5M units) and Singapore (4.5M units) prevails in exports structure, together comprising 87% of total exports. The following exporters - India (335K units) and Taiwan (Chinese) (314K units) - each finished at a 5.9% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Singapore (with a CAGR of +28.8%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($1.8B) remains the largest industrial sewing machine supplier worldwide, comprising 54% of global exports. The second position in the ranking was taken by Singapore ($297M), with a 9% share of global exports. It was followed by Taiwan (Chinese), with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +8.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (-0.1% per year) and Taiwan (Chinese) (+1.7% per year).

Exports By Type

In 2022, industrial automatic sewing machines (3.6M units), distantly followed by industrial sewing machines (non-automatic) (3.1M units) represented the major types of industrial sewing machines, together creating 100% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exported products, was attained by industrial automatic sewing machines (with a CAGR of +6.4%).

In value terms, industrial automatic sewing machines ($1.7B) and industrial sewing machines (non-automatic) ($1.6B) were the products with the highest levels of exports in 2022.

In terms of the main exported products, industrial automatic sewing machines, with a CAGR of +6.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices By Type

In 2022, the average industrial sewing machine export price amounted to $301 per unit, which is down by -23.4% against the previous year. Overall, the export price showed a perceptible decline. The most prominent rate of growth was recorded in 2015 an increase of 71%. The global export price peaked at $1,166 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exported products. In 2022, the product with the highest price was industrial sewing machines (non-automatic) ($535 per unit), while the average price for exports of industrial automatic sewing machines amounted to $454 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by industrial automatic sewing machine (+0.1%).

Export Prices By Country

In 2022, the average industrial sewing machine export price amounted to $301 per unit, waning by -23.4% against the previous year. In general, the export price saw a pronounced slump. The most prominent rate of growth was recorded in 2015 an increase of 71%. The global export price peaked at $1,166 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($357 per unit), while India ($38 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.9%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform