Global demand for sewing machines is forecast to expand 3.7% p.a. between 2015 and 2019. Bolivia, China, Philippines, the United States and Vietnam are considered the highest potential markets in the coming years.
Lewes, DE -- (SBWIRE) -- 04/17/2015 -- According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global sewing machine industry is forecast to reach 3.7% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 7.5%. Currently, automatic sewing machines account for 36.4% of the global demand while the remaining market share is divided between other sewing machines (35.0%), sewing machine needles (4.0%) and other sewing machine parts (24.6%).
Bangladesh, China, India, the United States and Vietnam represent the largest sewing machine markets while the strongest annual growth is forecast to occur in the United States (12.4%), Bolivia (8.3%), Philippines (7.6%), Vietnam (7.4%) and Kyrgyzstan (5.4%).
The information is extracted from a recently published reports: Global Sewing Machine Market Reports
Based on in-house analysis and an advanced model which takes into consideration the actual market size, trends, forecast market growth, and changes in the market environment, Global Research and Data Services calculates the Market Potential Rates, the predicted market potential of the country in the coming years. The larger the Market Potential Rate, the more potential the market has in the coming years; and conversely, the smaller the rate, the less potential the market is considered to have in the future. Based on these Market Potential Rates, the top 20 highest potential sewing machine markets in the coming years.
The market information is based on new industry data reports recently published by Global Research & Data Services. The reports offer the most up-to-date market data on the actual market situation, trends, and future outlook for sewing machines in the world and individually for the following countries:
Argentina, Armenia, Austria, Bangladesh, Belgium, Bolivia, Bulgaria, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Germany, Greece, India, Indonesia, Iran, Ireland, Italy, Japan, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Malaysia, Mexico, Moldova, Morocco, Netherlands, Norway, Pakistan, Peru, Philippines, Poland, Portugal, Romania, Slovakia, Slovenia, South Africa, Spain, Sweden, Thailand, Turkey, Ukraine, United Kingdom, United States, Vietnam
The reports include historic market data from 2008 to 2014 and forecasts until 2019 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs.
The latest market data for this research include:
- Overall sewing machine market size, 2008-2019
- Sewing machine market size by product segment, 2008-2019
- Growth rates of the overall sewing machine market and different product segments, 2008-2019
- Shares of different product segments of the overall sewing machine market, 2008, 2014 and 2019
- Market Potential Rates of the overall sewing machine market and different product segments
The product segments discussed in the reports include:
- Automatic sewing machines
- Other sewing machines
- Sewing machine needles
- Other sewing machine parts
The reports help answering the following questions:
- What is the current size of the sewing machine market in the world and in different countries?
- How is the sewing machine market divided into different product segments?
- How are the overall market and different product segments growing?
- How is the market predicted to develop in the future?
- What is the market potential compared to other countries?
For further information on this blog, please visit- http://www.marketresearchreports.com/blog/2015/04/15/world-sewing-machine-market-grow-37-annually-2015-2019
Find all Textile Machinery Reports at: http://www.marketresearchreports.com/textile-machinery
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