| Product Code: ETC110503 | Publication Date: Aug 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The India industrial sewing machines market import shipment demonstrated a significant growth trend with a CAGR of 9.4% from 2020 to 2024. However, there was a notable decline in growth rate between 2023 and 2024 at -19.7%, indicating a temporary slowdown in the market expansion. Overall, the market exhibited strong momentum despite a recent deceleration.
The India industrial sewing machines market is expected to grow significantly over the next five years, driven by increasing demand for apparel and textiles. The textile industry in India has been growing steadily since 2018, with an estimated compound annual growth rate of 8-11%. This growth can be attributed to the government???s ???Make in India??? initiative that promotes domestic production as well as increased exports. As a result, India apparel manufacturers are looking towards industrial sewing machines for cost effective solutions. Furthermore, technological advancements have made these machines more efficient and user friendly enhancing their acceptability among buyers.
The Indiaindustrial sewing machines market is driven by increasing investment from the apparel industry, rising demand for technologically advanced and high-precision machines, and supportive government policies. Additionally, the growing number of organized retail stores in India has increased the demand for readymade garments that are stitched using industrial sewing machines. Moreover, factors such as improved infrastructure facilities provided by the government to small-scale businesses, rising international trade activities in textiles and apparels have also boosted growth in this market. Furthermore, favorable demographics which include a large population base of working age people also act as a driver for growth in this sector.
While there is significant potential for the segment, there are also some challenges faced by market participants including lack of technical expertise among operators, high cost associated with installation & maintenance of equipment`s along with stringent safety policies imposed by authorities limiting its reach amongst small scale players operating within unorganized sector. Additionally rising competition from Chinese companies providing low-cost alternatives could also pose threat to established players within industry posing further challenge ahead.
The major players operating in industrial sewing machine market include Singer Corporation (Usha International Ltd), Brother Industries Ltd., Kansai Special Sewing Machine Co., Ltd., Juki Corporation , Pegasus Sewing Machines Pvt Ltd etc
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Industrial Sewing Machines Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Industrial Sewing Machines Market Revenues & Volume, 2021 & 2031F |
3.3 India Industrial Sewing Machines Market - Industry Life Cycle |
3.4 India Industrial Sewing Machines Market - Porter's Five Forces |
3.5 India Industrial Sewing Machines Market Revenues & Volume Share, By Fabric Weight, 2021 & 2031F |
3.6 India Industrial Sewing Machines Market Revenues & Volume Share, By Bed Type, 2021 & 2031F |
3.7 India Industrial Sewing Machines Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Industrial Sewing Machines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing textile industry in India leading to increased demand for industrial sewing machines |
4.2.2 Government initiatives promoting domestic manufacturing |
4.2.3 Technological advancements in industrial sewing machines improving efficiency and productivity |
4.3 Market Restraints |
4.3.1 High initial investment costs for industrial sewing machines |
4.3.2 Intense competition among market players leading to pricing pressures |
4.3.3 Fluctuating raw material prices affecting manufacturing costs |
5 India Industrial Sewing Machines Market Trends |
6 India Industrial Sewing Machines Market, By Types |
6.1 India Industrial Sewing Machines Market, By Fabric Weight |
6.1.1 Overview and Analysis |
6.1.2 India Industrial Sewing Machines Market Revenues & Volume, By Fabric Weight, 2021-2031F |
6.1.3 India Industrial Sewing Machines Market Revenues & Volume, By Lightweight, 2021-2031F |
6.1.4 India Industrial Sewing Machines Market Revenues & Volume, By Medium Weight, 2021-2031F |
6.1.5 India Industrial Sewing Machines Market Revenues & Volume, By Heavy Weight, 2021-2031F |
6.1.6 India Industrial Sewing Machines Market Revenues & Volume, By Extra-heavy Weight, 2021-2031F |
6.2 India Industrial Sewing Machines Market, By Bed Type |
6.2.1 Overview and Analysis |
6.2.2 India Industrial Sewing Machines Market Revenues & Volume, By Flat Bed, 2021-2031F |
6.2.3 India Industrial Sewing Machines Market Revenues & Volume, By Cylinder Bed, 2021-2031F |
6.2.4 India Industrial Sewing Machines Market Revenues & Volume, By Post Bed, 2021-2031F |
6.3 India Industrial Sewing Machines Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Industrial Sewing Machines Market Revenues & Volume, By Apparel, 2021-2031F |
6.3.3 India Industrial Sewing Machines Market Revenues & Volume, By Non-apparel, 2021-2031F |
7 India Industrial Sewing Machines Market Import-Export Trade Statistics |
7.1 India Industrial Sewing Machines Market Export to Major Countries |
7.2 India Industrial Sewing Machines Market Imports from Major Countries |
8 India Industrial Sewing Machines Market Key Performance Indicators |
8.1 Adoption rate of automated sewing technologies |
8.2 Percentage of industrial sewing machines equipped with IoT capabilities |
8.3 Number of new product launches in the industrial sewing machine market |
8.4 Rate of adoption of sustainable practices in industrial sewing machine manufacturing |
8.5 Level of skill development and training programs for industrial sewing machine operators |
9 India Industrial Sewing Machines Market - Opportunity Assessment |
9.1 India Industrial Sewing Machines Market Opportunity Assessment, By Fabric Weight, 2021 & 2031F |
9.2 India Industrial Sewing Machines Market Opportunity Assessment, By Bed Type, 2021 & 2031F |
9.3 India Industrial Sewing Machines Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Industrial Sewing Machines Market - Competitive Landscape |
10.1 India Industrial Sewing Machines Market Revenue Share, By Companies, 2024 |
10.2 India Industrial Sewing Machines Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |