Product Code: ETC110502 | Publication Date: Jun 2021 | Updated Date: Jun 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
South Korea Industrial Sewing Machines market currently, in 2023, has witnessed an HHI of 8108, Which has increased slightly as compared to the HHI of 4882 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The industrial sewing machines market in South Korea is growing, driven by the textile and apparel industries. Industrial sewing machines are essential for high-speed and precision sewing operations. The market benefits from technological advancements and the demand for efficient and automated sewing solutions.
The South Korean industrial sewing machines market is propelled by the robust growth of the textile and apparel industries, which demand high-speed and efficient sewing equipment. The market is also driven by the adoption of advanced technologies, such as computer-controlled sewing machines, which enhance precision and productivity. Additionally, the increasing export of garments and government support for the textile sector bolster market expansion.
The industrial sewing machines market in South Korea encounters challenges such as technological advancements in sewing technologies, managing fluctuations in raw material prices, and compliance with safety and operational standards. The market is driven by demand from the textile, apparel, and automotive industries. Additionally, competition from low-cost imports, the need for continuous product innovation, and providing customized solutions for specific applications are significant hurdles for market participants.
The South Korean government supports the industrial sewing machines market through policies aimed at enhancing textile manufacturing efficiency, product quality, and technological advancement. Regulations ensure the safety standards and performance reliability of sewing machines used in apparel, footwear, and upholstery industries. Financial incentives are provided for companies investing in automated sewing technologies that improve production speed, reduce labor costs, and enhance stitching precision. Additionally, there are initiatives to promote R&D in sewing machine innovation, fostering collaborations to develop smart sewing solutions and sustainable manufacturing practices in the textile sector.
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 South Korea Industrial Sewing Machines Market Overview |
3.1 South Korea Country Macro Economic Indicators |
3.2 South Korea Industrial Sewing Machines Market Revenues & Volume, 2020 & 2027F |
3.3 South Korea Industrial Sewing Machines Market - Industry Life Cycle |
3.4 South Korea Industrial Sewing Machines Market - Porter's Five Forces |
3.5 South Korea Industrial Sewing Machines Market Revenues & Volume Share, By Fabric Weight, 2020 & 2027F |
3.6 South Korea Industrial Sewing Machines Market Revenues & Volume Share, By Bed Type, 2020 & 2027F |
3.7 South Korea Industrial Sewing Machines Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 South Korea Industrial Sewing Machines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 South Korea Industrial Sewing Machines Market Trends |
6 South Korea Industrial Sewing Machines Market, By Types |
6.1 South Korea Industrial Sewing Machines Market, By Fabric Weight |
6.1.1 Overview and Analysis |
6.1.2 South Korea Industrial Sewing Machines Market Revenues & Volume, By Fabric Weight, 2018 - 2027F |
6.1.3 South Korea Industrial Sewing Machines Market Revenues & Volume, By Lightweight, 2018 - 2027F |
6.1.4 South Korea Industrial Sewing Machines Market Revenues & Volume, By Medium Weight, 2018 - 2027F |
6.1.5 South Korea Industrial Sewing Machines Market Revenues & Volume, By Heavy Weight, 2018 - 2027F |
6.1.6 South Korea Industrial Sewing Machines Market Revenues & Volume, By Extra-heavy Weight, 2018 - 2027F |
6.2 South Korea Industrial Sewing Machines Market, By Bed Type |
6.2.1 Overview and Analysis |
6.2.2 South Korea Industrial Sewing Machines Market Revenues & Volume, By Flat Bed, 2018 - 2027F |
6.2.3 South Korea Industrial Sewing Machines Market Revenues & Volume, By Cylinder Bed, 2018 - 2027F |
6.2.4 South Korea Industrial Sewing Machines Market Revenues & Volume, By Post Bed, 2018 - 2027F |
6.3 South Korea Industrial Sewing Machines Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 South Korea Industrial Sewing Machines Market Revenues & Volume, By Apparel, 2018 - 2027F |
6.3.3 South Korea Industrial Sewing Machines Market Revenues & Volume, By Non-apparel, 2018 - 2027F |
7 South Korea Industrial Sewing Machines Market Import-Export Trade Statistics |
7.1 South Korea Industrial Sewing Machines Market Export to Major Countries |
7.2 South Korea Industrial Sewing Machines Market Imports from Major Countries |
8 South Korea Industrial Sewing Machines Market Key Performance Indicators |
9 South Korea Industrial Sewing Machines Market - Opportunity Assessment |
9.1 South Korea Industrial Sewing Machines Market Opportunity Assessment, By Fabric Weight, 2020 & 2027F |
9.2 South Korea Industrial Sewing Machines Market Opportunity Assessment, By Bed Type, 2020 & 2027F |
9.3 South Korea Industrial Sewing Machines Market Opportunity Assessment, By Application, 2020 & 2027F |
10 South Korea Industrial Sewing Machines Market - Competitive Landscape |
10.1 South Korea Industrial Sewing Machines Market Revenue Share, By Companies, 2020 |
10.2 South Korea Industrial Sewing Machines Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |