Sewing Machines: A Global Strategic Business Report
San Jose, California (PRWEB) October 04, 2013
Sewing machines, the world’s first mass produced, consumer durable, have traversed a long way to emerge as a second-generation technology revolution. Programmable automatic sewing machines have made their way into the sewing arena, opening up huge design and creative possibilities hitherto undreamt of. Over the past decade, the sewing machine industry witnessed a significant change in production landscape with the rampant exodus of production facilities from high-cost bases to low-cost Asian countries. Resultantly, Asia-Pacific has emerged as a strong competitor to manufacturers in Japan and the West.
The desire to personalize clothing and home furnishings is a leading factor driving the market for home sewing machines. The growing popularity of quilting and crafting at home, particularly among women, represents an important growth driver. Technological advancements such as embroidery software, which enable the incorporation of complex patterns onto a fabric even by novices, and computerized sewing machines incorporated with USB drives to enable hobbyists to upload any design or pattern, also represent key growth drivers in the home sewing machines market.
Technologically advanced industrial sewing machines that enhance productivity in manufacturing units including garments, shoes and accessories such as bags, cushions and cushion-covers, among others, is turning into a tidal force fuelling market demand. Rising energy costs and growing awareness of the ill-effects of carbon emission on the environment are leading factors driving innovations in the industrial sewing machines market. Manufacturers of sewing machines are embracing internet technology to increase brand recognition by promoting their products through social networking sites.
As stated by the new market research report on Sewing Machines, Asia-Pacific represents the largest market worldwide. Rising population and the corresponding growth in demand for apparel, automobiles and sporting gear represent key factors propelling demand for industrial sewing machines in the region. Demand for home sewing machines is expected to be concentrated around low-cost models particularly from women pursuing tailoring. Led by China, Asia-Pacific is forecast to witness the fastest growth with a CAGR of 5.0% over the analysis period. China today ranks as the world’s largest producer of sewing machines, primarily due to its economic growth, a strong GDP, relatively low-cost labor and a spectacular rise in foreign investments in the country.
Major market participants covered in the report include Brother Industries, Ltd., Bernina International AG, New Jack Sewing Machine Co., Ltd., Jaguar International Corporation, Janome Sewing Machine Co., Ltd., Juki Corporation, Pegasus Sewing Machine Mfg. Co. Ltd., SEIKO Sewing Machine Co. Ltd., SGSB Group Co. Ltd., Singer Sewing Company, SiRUBA, SunStar Precision Co. Ltd., SVP Worldwide, TAJIMA Group, Xi’an Typical Industries Co. Ltd., and Zhejiang Doso Sewing Machine Co. Ltd., among others.
The research report titled “Sewing Machines: A Global Strategic Business Report” announced by Global Industry Analysts Inc. provides a comprehensive review of market trends, growth drivers challenges, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for Sewing Machines in Units for major product categories including Industrial Sewing Machines and Home Sewing Machines. Geographic markets analyzed in the report include the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Argentina, Brazil, Mexico and Rest of Latin America), and Rest of World.
For more details about this comprehensive market 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 leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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