PUBLISHER: Lucintel | PRODUCT CODE: 1416566
PUBLISHER: Lucintel | PRODUCT CODE: 1416566
Embroidery Equipment Trends and Forecast
The future of the global embroidery equipment market looks promising with opportunities in the domestic and commercial markets. The global embroidery equipment market is expected to reach an estimated $2.0 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are growing popularity of customized and personalized clothing, accessories, and home decor items, rising prevalence of embroidered designs in fashion runway exhibitions and various facets of popular culture, and progress in embroidery equipment technology to produce high-quality designs at faster speeds.
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Embroidery Equipment by Segment
The study includes a forecast for the global embroidery equipment by machine type, needle type, end use industry, and region.
Embroidery Equipment Market by Machine Type [Shipment Analysis by Value from 2018 to 2030]:
Embroidery Equipment Market by Needle Type [Shipment Analysis by Value from 2018 to 2030]:
Embroidery Equipment Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
Embroidery Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of Embroidery Equipment Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies embroidery equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the embroidery equipment companies profiled in this report include-
Embroidery Equipment Market Insights
Lucintel forecasts that computerized embroidery machines will remain the largest segment over the forecast period because these machines come with an extensive pre-programmed stitch library, requiring users to input basic commands, as well as facilitate the downloading of additional applications from the internet, thereby broadening employees' capabilities.
Within this market, commercial is expected to witnes the higher growth over the forecast period due to rising applications in the apparel and fashion industry for embroidery, as well as its growing demand in commercial applications include hotels, restaurants, and retail stores among others.
APAC will remain the largest region over the forecast period due to presence of large-scale manufacturing businesses and traditional market for embroidery machines in China and India.
Features of the Global Embroidery Equipment Market
Market Size Estimates: Embroidery equipment market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Embroidery equipment market size by machine type, needle type, end use industry, and region in terms of value ($B).
Regional Analysis: Embroidery equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different machine types, needle types, end use industries, and regions for the embroidery equipment market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the embroidery equipment market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q.1 What is the embroidery equipment market size?
Answer: The global embroidery equipment market is expected to reach an estimated $2.0 billion by 2030.
Q.2 What is the growth forecast for embroidery equipment market?
Answer: The global embroidery equipment market is expected to grow with a CAGR of 4.8% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the embroidery equipment market?
Answer: The major drivers for this market are growing popularity of customized and personalized clothing, accessories, and home decor items, rising prevalence of embroidered designs in fashion runway exhibitions and various facets of popular culture, and progress in embroidery equipment technology to produce high-quality designs at faster speeds .
Q4. What are the major segments for embroidery equipment market?
Answer: The future of the embroidery equipment market looks promising with opportunities in the domestic and commercial markets.
Q5. Who are the key embroidery equipment market companies?
Answer: Some of the key embroidery equipment companies are as follows:
Q6. Which embroidery equipment market segment will be the largest in future?
Answer: Lucintel forecasts that computerized embroidery machines will remain the largest segment over the forecast period because these machines come with an extensive pre-programmed stitch library, requiring users to input basic commands, as well as facilitate the downloading of additional applications from the internet, thereby broadening employees' capabilities.
Q7. In embroidery equipment market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to presence of large-scale manufacturing businesses and traditional market for embroidery machines in China and India.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.