“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%).
