The 2022 global market size for sewing and embroidery machines reached US $ 7.85 billion and projections indicate a climb to US $ 14 billion by 2028, boasting a Compound Annual Growth Rate (CAGR) of 10.13 per cent during the review period.
By 2024, the market is expected to exhibit a steady growth rate, propelled by key players adopting strategic measures. The combined functionality of sewing and embroidery machines, as highlighted in a 360MarketUpdates report, offers users a single machine with versatile capabilities, presenting a more economically and spatially advantageous solution compared to two separate machines.
The report emphasises that the textile and apparel industry’s increasing demand will be a key driver for the market’s expansion. In 2024, the global clothing market is estimated to be valued at US $ 2.20 trillion, with the growing world population fuelling the demand for garments. This surge in demand has not only contributed to the continuous growth of the sewing and embroidery machine industry but has also played a significant role in the overall expansion of the clothing sector.
Data from the World Economic Forum underscores the immense scale of the global fashion industry, producing over 10-150 billion garments annually, with apparel accounting for more than 60 per cent of total textile consumption.
Moreover, with more than 75 per cent of textile workers being women, their participation, along with that of disadvantaged groups, has been instrumental in ensuring the mass production of garments aligned with market trends, particularly in embroidered textiles. This has led to a surge in domestic sales of sewing and embroidery machines.
