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Asia-Pacific represents the largest as well as the fastest growing region for the sewing machines market. Growth in the Asia-Pacific market will be primarily driven by an increase in demand for low-cost sewing machine models, essentially from China. The large production base for sewing machines in the region, particularly in China and Taiwan, will continue to help the Asia-Pacific market to find success at the international level.
As major garment exporters, China, India, and Vietnam, have been attracting several foreign sewing machine companies, thereby increasing the market opportunities for sewing machines in the region. Segment-wise, Industrial sewing machines market continues to be the largest and the fastest growing product segment, displaying a CAGR of about 4.3% over the period 2009-2017.
The global sewing machines market is forecast to reach 28.6 million units by 2017, driven by the post recession resurgence in consumer demand for apparel, which is expected to spike up the demand for industrial sewing machines.
Additionally, growing demand among hobby dressmakers and increase in self-mending of clothes and DIY craft work is expected to push the demand for home sewing machines.
Sewing machines represent a mature product line particularly in North America and Europe. The market in these regions typically grows less rapidly than the GNP, while rapid strides are being made in developing countries.
For more information on the sewing machines market, see the latest research: Sewing Machines Market Report
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