According to a recent report released by MENAFN, the sewing machine market is expected to expand 1.5x from 2021 to 2031.
By 2022, the sewing machine market was valued at US $ 3.40 billion and it is projected to see over 4.30 per cent CAGR by 2031.
The report further says that deepening automation penetration is broadening the scope for computerised sewing machines, accounting for over two-fifths of the global demand.
The market is currently experiencing significant advancements in machine technology, with leading manufacturers of apparel in destinations like India, Bangladesh, Cambodia, China, Vietnam and other parts of the world embracing innovations like Wi-Fi-enabled precision and intelligent sewing.
The future growth of the industry hinges on the expanding domain of automation within sewing technologies. To this end, well-known manufacturers such as Juki, Jack, Brother, IMB, Duerkopp Adler, Vibemac, Pegasus, Yamato, and Maqi, to name a few, are saturating the market with cutting-edge smart sewing machines.
