PUBLISHER: Orion Market Research | PRODUCT CODE: 1215627
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215627
Title: Global Portable Sewing Machine Market Size, Share &Trends Analysis Report by Type (Electric Sewing Machine, and Manual Sewing Machine), and by Distribution Channel (Online, and Offline) Forecast Period (2022-2028).
The global portable sewing machine market is anticipated to grow at a considerable CAGR during the forecast period. Over time sewing machines have evolved to become more compact, lightweight, portable, and simple to use. Benefits such as simple mechanisms travel friendly and affordability are rapidly increasing portable sewing machine demand among consumers. As compared to bulky and complex machines, people are inclining towards portable, handy, sleek designed stitching machines as they offer the same benefits as a larger one and save extra space that bigger models would consume. Portability is the major factor that is attracting consumers' attention to these machines. Additionally, the cordless models are extremely handy which makes it assist to move around the house for any quick repair work or small alterations to clothes. The affordability of these machines is another factor that attracts consumer demand, portable sewing machines come at a very affordable price too which makes them a low investment with high usability products.
The global portable sewing machine market is segmented based on the type, and distribution channel. Based on the type, the market is segmented into electric sewing machines and manual sewing machines. Based on the source, the market is sub-segmented into online and offline distribution channels. On the basis of the distribution channel, the online distribution channel segment is anticipated to cater to considerable growth over the forecast period. The expansion of e-commerce in recent years has fueled the demand for consumer and electronic products such as portable sewing machines. Company-owned websites and e-commerce channels such as Amazon, Flipkart, Ubuy, and Walmart provide easy access to different models to consumers across the globe. Online retail channels even offer a price comparison option and product reviews which is further adding to its growth. Hence, consumer preference has been shifting towards online retail channels for purchasing due to their time and money-saving factor.
Geographically, the global portable sewing machine market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is anticipated to hold a considerable share in the global portable sewing machine market owing to the increasing launch of various innovative technologies and software in sewing machines. The majority of sewing machine manufacturers in this region are coming up with advanced and feature-rich sewing machines which are increasing their adoption among consumers
The major companies serving the global portable sewing machine market include Akiara, Brother International Corp., Juki Corp., PFAFF, SINGER SEWING MACHINES TRADE INC., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2022, SVP Worldwide, announced the acquisition of Jaguar International Corp.'s sewing machine manufacturing operations and product engineering organization. The acquisition will strengthen SVP Worldwide's supply chain and create the needed capacity to support growth for the company's SINGER, HUSQVARNA VIKING, and PFAFF brands.
Research Methodology
The market study of the global portable sewing machine market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: