World - Household Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
The Production of Household Sewing Machines in China Slightly Decreases
IndexBox has just published a new report "World: Household Sewing Machines - Market Report. Analysis and Forecast to 2025". Here is a summary of the report’s key findings.
The Consumption of Household Sewing Machines Reduced Slightly for the Second Consecutive Year
The global household sewing machine market showed steady growth until it contracted slightly from 2015-2016, finally amounting to X units in 2016. Over the period from 2007 to 2016, the market increased by X%, expanding with a CAGR of +X%. In value terms it reached stood at $X in the wholesale prices, fluctuating mildly over the last four years.
Household Sewing Machine Consumption Is Set to Reach X Units by 2025
At present, Asia-Pacific is the largest global producer and consumer for sewing machines. DIY culture has regained popularity in recent years. Home crafts, such as knitting and sewing, are now widely recognised and used as a medium for enabling people to make their clothes more personalized. Sewing is now not as difficult and is also less time consuming than it was considered to be previously. Electronic sewing machines have facilitated this process by enabling amateur tailors to take advantage of modern features and automatic intricate embroidering styles. In addition, electronic sewing machines are now relatively affordable, even for those households with modest incomes.
The growth in small and medium businesses involved in the tailoring of designer clothes and apparel, and the production of environmentally friendly clothes etc, bypasses mass production processes and generates demand for the use of non-industrial sewing machines.
Household sewing machine consumption is set to increase, against the development of small-scale clothing businesses and an interest in sewing as a hobby, or leisure activity.
The household sewing machine market is projected to continue an upward consumption trend with a CAGR of +X%, which will lead the market volume to X units by 2025.
The Production of Household Sewing Machines in China Has Slightly Decreased, while Production in India, Viet Nam and Thailand Continues to Grow
From 2007 to 2016, the global household sewing machine production showed steady growth, expanding from X units in 2007 to X units in 2016, with a CAGR of +X%.
China was the key world household sewing machines producing country with an output of about X units in 2016, which accounted for X% of total output. The other major producers were India (X%), Viet Nam (X%) and Thailand (X%).
China continues to dominate production, but its leadership weakened over the recent years, surrendering to the rapidly developing manufacturing in Viet Nam, Thailand and India. Labor cost in China is on the increase, therefore, its competitive advantage against the other Asian countries is waning. From 2014 to 2016, household sewing machines output in Thailand (+X%), India (+X%) and Viet Nam (+X%) increased, while in China it shrinked by -X%. European production has almost dwindled to a minimum over the past ten year period, as sewing machine manufacture was relocated to Asian countries.
Approx. X% of Household Sewing Machines Produced Worldwide Are Exported
A high trade intensity is typical of the household sewing machine market: approx. X% of global output is sent for export. This is due to the substantial distance between main centers of sewing machine production and some of the major consuming countries: this product is produced mainly in Asia but is consumed worldwide; the U.S. and European countries stand amongst the major consuming markets.
Household Sewing Machines from China, Viet Nam, Taiwan, Thailand and Germany Account for Approx. X% of Global Exports
In 2016, global exports of household sewing machines totalled approx. X units. In value terms, global exports stood at around $X in 2016, a decline of X% against the 2015 figure.
In 2016, China (X units) was the main global supplier of household sewing machines in the world, with a share of X% of global exports. It was followed by Viet Nam (X units), Taiwan (X units), Thailand (X units) and Germany (X units), with a combined share of X% of global exports.
Among the main exporters, Viet Nam illustrated a significant rate of growth with regard to exports. From 2007 to 2016, Thailand (+X%) and Germany (+X%) showed a positive dynamic, while China showed a negative dynamic (-X%) during the period under review.
The USA and Germany Assume Approx. X% in the Total Volume of Imports of Household Sewing Machines
In physical terms, total imports of household sewing machines stood at X units in 2016. In value terms, imports amounted to approx. $X, with an average annual rate of growth of +X% from 2007 to 2016.
The U.S. (X units) and Germany (X units) were the main consumers of household sewing machine imports, with a combined share of X% of total global imports in 2016. The fastest growing consumer was Germany (+X% per year) from 2007 to 2016. By contrast, the U.S. illustrated a stagnant rate of growth during the period under review. Germany significantly strengthened its position in the global import structure (+X percentage points), while the U.S. saw its share reduced (-X percentage points).
Do you want to know more about 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 import
- sewing machine export
- sewing machine market forecast
- sewing machine price forecast
- key sewing machine producers
Source: IndexBox 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 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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