In a recent research report by Maximize Market Research, the Heavy Duty Sewing Machines Market is expected to surpass US $4500 million by the year 2026, from US $3250 million in 2019.
Heavy Duty Sewing Machines Market trends:
Many Asian countries including Bangladesh, Taiwan, Vietnam and others are the dominating suppliers of the raw material in the market. Taiwan accounts for approximately 53% exports of cotton and raw Steel to China. Moreover, high working class across the regions and increasing economic growth in the regions have propelled the market growth for heavy duty sewing machines. Cheap availability of raw textile products in the region is the key factor attributing growth in the market.
According to Textile Magazine Survey, Heavy Duty Sewing Machines Market is anticipated to lead the textile and automation sectors owing to increasing applications of developments probed by manufacturers. Heavy integration among the manufacturers during the forecast period owing to chain of products available in the market and innovative Heavy Duty Sewing Machines designs along with refining standards of manufacturing are the key factors considered to drive the growth of the market. According to Sales experts, sales are projected to reach approximately 5 million units worldwide during the forecast period owing to intensifying demand for apparels across the globe.
APAC is the dominating region in the market owing to well established infrastructure for textiles and raw material exports sector and implementation of application based manufacturing in the region. Moreover, increasing investment of key players in the market capitalisation for automotive Applications and systems is the key factor considered to drive the growth of the regional market. Europe market is expected to pose as the fastest growing region in the market owing to rising adoption of safety systems by OEMs in the region and hi-tech implementations by key players in the region of China, India and Japan.
Despite a huge decline in the sales of Heavy Duty Sewing Machines during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 5.6%, during the tenure of 2020 – 2026.
The study is consolidated on the basis of six major segments and further into sub-segments, Machine Product (welding and soldering), Application (constant current, constant voltage and hybrid), Product (automatic and semi-automatic), End Users (0/1.2, 8/1.0 and others), Distribution Channel (cold wire feeder and electrode wire feeder), and by Fabric Weight (aerospace, medical devices, manufacturing and fabrication, automotive, energy and Application, transportation, petrochemical and electronics and electricals) to forecast the market value; Also includes the analysis of past market dynamics from 2016 – 2019, considering 2019 as the base year.
Lastly, the market research report provides a regional comparison and a complete country level analysis for the latest trends, along with the major key players- Singer Corporation, Brother Industries, Ltd., Kaulin, Bernina International AG, JUKI Corporation, PFAFF GmbH, Seiko Sewing Machine Co. Ltd., Janome, Pegasus Sewing machine Mfg. Co. Ltd., Jack Sewing machine Co. Ltd., Million Special Industries Co. Ltd., W.S Bessett, Inc., Toyota, AMF Reece CR, Durkopp Adler AG, Mitsubishi Electric Corporation, YAMATO, Husqvarna AB, Shang Gong Group Co. Ltd., Feiyu, ZOJE, Jaguar, Viking, MAX, Maqi
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Heavy Duty Sewing Machines Market.”
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