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The global industrial sewing machines market size is expected to touch USD 5.63 billion by 2026 on account of growing popularity of computer controlled sewing machines. The recent Fortune Business Insights™ report, titled “Industrial Sewing Machines Market Size, Share & Industry Analysis, By Product (Flat-Bed Sewing Machine, Cylinder-Bed Sewing Machine, Post-Bed Sewing Machines, Long-Arm Sewing Machine, Others), By Operation (Manual Sewing Machine, Automatic Sewing Machine, Computer Controlled Sewing Machine), By Application (Apparel and Non-Apparel), and Regional Forecast, 2019-2026”, shares that the market value stood at USD 4.10 billion in 2018 and will register a CAGR of 4.1% from 2019 to 2026.
JUKI and YKK Jointly Develop AiryString™, the Tapeless Zipper
Skyrocketing demand for fashionable garments, especially from urban areas, is one of the leading industrial sewing machines market trends and major companies in this market are developing machines with higher speeds and better efficiency. In January 2017, the Japanese industrial sewing machines leader, JUKI Corporation, and the leading zipper manufacturer, YKK Corporation, entered into a technology exchange partnership. In July 2019, the two companies collaboratively developed an innovative tapeless zipper called AiryString™, along with a specialized machine to sew zipper to the cloth. The tapeless zipper would remove the need to have the zipper tape, making the end product lighter and softer. The novelty shown in the development of this product proves that the scope for innovation is wide and seemingly boundless, thereby augmenting the market’s potential.
To Get the detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/industry-reports/industrial-sewing-machines-market-100613
Governmental Push to Construction Activities to Foster Sustained Market Growth
The industrial sewing machines market growth is anticipated to receive a major thrust from increasing government support to construction activities, especially in developing countries, to meet housing requirements in urban and rural areas. For instance, the Government of India approved the setting up of the National Urban Housing Fund in February 2018 to ensure availability of houses to the people all around the country. Similarly, in 2019, the government announced the Affordable Housing Fund for stalled housing projects in the country. Efforts to revitalize the housing sector in developing nations is expected to augment the industrial sewing machinery market demand as construction activities require sewn materials such as tarpaulins, canopies, and scaffolding nets.
Entry of Industry Behemoths in the Apparel Business to Redefine Contours of Competition
Competition in this market set to get reenergized as diverse players seek to strengthen their position, the industrial sewing machines market report notes. While innovation is still the most preferred for companies, many other smaller participants are upping their game as they brace for the entry of large MNCs into the market.
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Global Industrial Sewing Machines Market Scope Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2015-2026 |
Base Year | 2018 |
Forecast Period | 2019-2026 |
Historical Period | 2015-2017 |
Unit | Value (USD billion) |
Segmentation | By Product
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By Operation
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By Application
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By Region
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