World - Household Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights
Sewing Machine Market - Which Country Now Controls Global Sewing Machine Production and Trade?
After a few decades of struggling to stay afloat, the sewing machine industry is experiencing a new lease on life, boosted by the renewed interest in the DIY culture. Home arts, such as knitting and sewing are gaining popularity among people who strive to make their garments more personalized, either by adding appliques to their clothing or by reconstructing old items to achieve vintage looks.
China dominates on the sewing machine market. In 2013, China exported X% of its total output. Of this amount, X% was supplied to the United States, where Chinese household sewing machines held X% share of total U.S. consumption.
In 2013, China and Thailand were the main global suppliers of household sewing machines with a combined share of X% of global exports. However, the fastest growing suppliers from 2007 to 2013 were Viet Nam (+X% per year) and the Netherlands (+X% per year). The largest producers took the lion's share in global exports.
The U.S (X%), Germany (X%), Japan (X%) and Russia (X%) were the leading destinations of household sewing machine imports in 2013, together making up X% of global imports in value terms. And while the share of Germany increased significantly, the share of the U.S. illustrated negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
Sewing, according to some experts, has become easier and less time consuming than in the past. Electronic sewing machines enable amateur tailors to take advantage of modern features like automatic size adjusting, "cruise control" options, and automatic intricate embroidering. In addition, electronic sewing machines have gotten less expensive, thus affordable to even modest households. However, as it requires a larger investment than knitting, it is still hard to say whether a sewing boom is on the near horizon.
Over the last ten years, production of the sewing industry has been transferred from costly domestic facilities to inexpensive Asian countries. As a result, these countries have made substantial headway in emerging as serious competitors to what were traditional, but costlier western bases.
At present, Asia-Pacific is the largest global market for sewing machines. Growing demand for apparel and a rising population have propelled demand for sewing machines. Asia-Pacific is projected to attain the fastest growth rates to 2018, with a compound annual growth rate (CAGR) of X% over the next five years.
Due to relatively low labour costs, its economic growth, a strong GDP, and an impressive rise in foreign investments, China is now the world's largest manufacturer of sewing machines. However, its share is decreasing, surrendering to the growing shares of Viet Nam, Thailand and India. European production was relocated to these Asian countries, and for all intents and purposes has totally vanished in this western continent over the past decade.
Do you want to know more about the global sewing machine market? Get the latest trends and insight from our report. It includes a wide range of statistics on
sewing machine market share
sewing machine prices
sewing machine industry
sewing machine sales
sewing machine market forecast
sewing machine price forecast
key sewing machine producers
Source: IndexBox AI Platform
This report provides an in-depth analysis of the global household sewing machine market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
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