Sewing Machines: A Global Strategic Business Report
San Jose, CA (PRWEB) March 5, 2008
The world sewing machines market stands enthused by the effervescent level of technology, and product innovation. Technologically advanced sewing machines with high tech accessories, and software enabled intelligent peripherals designed to enable even inexperienced users craft creative embroidery designs, is driving the adoption of sewing as a hobby in the developed markets. Ergonomic designs, automatic re-threading, silent operation, and operator safety features, such as, belt guards, needle sheaths, and presser foot lifts, are expected to score a major win against traditional designs in the upcoming years.
Versatility, and ease of use are emerging into crucial factors for commercial success, given the fact that easy, uncomplicated user-friendly sewing machines encourage embroidery sewing skills, and nurture interest in self-styled and designed couture. Computerized sewing machines with intelligent data-processing memories, memory caches, automatic stitch patterns, and 3D digitizing features to imprint complex sewing templates onto a wide range of materials, are helping even amateur users achieve artistic integrity. This, thereby, is expected to set into motion the DIY concept and result in increased product uptake among hobbyists. In the developed markets like the United States, manufacturer driven popularity of sewing as an effective stress buster, is helping expand market opportunities for consumer sewing machines. With sewing fast emerging into an alternative for yoga, the market is expected to witness significant traction in the upcoming years, especially in the developed markets.
In Asia-Pacific, opportunities are afoot in the Chinese sewing machines market. China currently ranks as the world's largest production hub for sewing machines, supported largely by robust economic growth, spectacular rise in foreign investments, strong GDP, and relatively low cost labor. Demand for sewing machines is expected to remain strong in China, especially for industrial sewing machines, sustained by a rapid growth in the Chinese garments industry. In addition to China, Vietnam is also eliciting a lot of attention from global players, given the country's potential to emerge into one of the world's major garment exporters in the Asian region. As stated by the recent report published by Global Industry Analysts, Inc., world market for sewing machines is dominated by Asia-Pacific with a share of over 38% estimated in the year 2007. Consolidated sales of the United States and the European home sewing machines market are expected to rise by 862 thousand units between the period 2007 and 2010. For the same period, in the global industrial sewing machines market, Asia-Pacific is expected to post the highest growth with sales in this region projected to rise by 27% between 2007 and 2010. In Europe, Germany ranks as the largest sewing machines market with 28% share, followed by the United Kingdom, and France. Strong growth is expected to stem from Russia with sewing machines sales projected to reach 355 thousand units by the year 2010.
Leading global and regional players including Brother Industries, Singer Sewing Machine Company, Elna International, G. M. Pfaff AG, Janome Sewing Machine, Juki Corporation, Jaguar International Corporation, Necchi Machine, and VSM Group AB, among others, are discussed and profiled in the report.
The report titled "Sewing Machines: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, issues, and challenges. Richly annotated with authoritative, and unbiased commentaries, and hard-to-find statistical facts, the report provides unequivocal views on future potential while throwing light on the prevailing climate in key regional markets. Product markets analyzed in the report include home sewing machines, and industrial sewing machines. Latent demand patterns in product markets are quantified across major geographic market verticals including the United States, Canada, Japan, France, Germany, United Kingdom, Italy, Spain, Russia, China, India, Argentina, Brazil, and Mexico, among others. Also provided in the report is an enumeration of recent mergers, acquisitions, and other strategic industry activities. The report also includes long-term projections for Sewing Machines, covering the period 2011-2015.
For more details about this research report, please visit http://www.strategyr.com/Sewing_Machines_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc. (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
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