Product Code: ETC063163 | Publication Date: Aug 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Embroidery Machine market currently, in 2023, has witnessed an HHI of 6705, Which has increased slightly as compared to the HHI of 6698 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 Embroidery Machine Market in India is projected to reach US$ 173.6 million by 2027 from US$ 107.2=3 million in 2020, growing at a CAGR of 7.6% during the forecast period 2021-2027. The key factors driving the market are increasing demand for customized embroidered garments and apparel, rising awareness of fashion trends among the youth population, and increasing adoption of automated computerized embroidery machines with advanced features such as automatic thread trimming, pattern repetition and editing capabilities.
Increasing Demand for Customized Embroidered Garments and Apparel: The growth of custom clothing has been driven by an increase in consumer preferences for personalized products over standard products due to their unique design elements offered by various brands or companies that cater to individual tastes or needs. This trend has led to an increased demand for customized garments with intricate designs which can be only provided through embroidery machine technology thus leading to higher sales volumes of these machines across India. Rising Awareness among Youth Population about Latest Fashion Trends: There has been a significant rise in awareness among Indian youth population regarding latest trends in fashion which includes wearing stylishly designed clothes adorned with intricate designs created through modern day embroidery machines like multi-head & single head units used widely amongst garment manufacturers providing more options & opportunities when it comes to designing creative patterns on apparels making this segment highly attractive one for prospective buyers seeking efficient production solutions.
Availability Of Low Cost Imported Alternatives Offering Similar Performance Levels Compared To Domestic Manufacturers In India Which In Return Make It Difficult For Local Players To Compete Against Them On Price Point Fronts : Even though there are few domestic players operating within local markets offering relatively cost effective prices.
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 Embroidery Machine Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Embroidery Machine Market Revenues & Volume, 2020 & 2027F |
3.3 India Embroidery Machine Market - Industry Life Cycle |
3.4 India Embroidery Machine Market - Porter's Five Forces |
3.5 India Embroidery Machine Market Revenues & Volume Share, By Product Type, 2020 & 2027F |
3.6 India Embroidery Machine Market Revenues & Volume Share, By Applications, 2020 & 2027F |
4 India Embroidery Machine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Embroidery Machine Market Trends |
6 India Embroidery Machine Market, By Types |
6.1 India Embroidery Machine Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Embroidery Machine Market Revenues & Volume, By Product Type, 2018 - 2027F |
6.1.3 India Embroidery Machine Market Revenues & Volume, By Single Head, 2018 - 2027F |
6.1.4 India Embroidery Machine Market Revenues & Volume, By Multi Head, 2018 - 2027F |
6.2 India Embroidery Machine Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 India Embroidery Machine Market Revenues & Volume, By Household, 2018 - 2027F |
6.2.3 India Embroidery Machine Market Revenues & Volume, By Commercial, 2018 - 2027F |
6.2.4 India Embroidery Machine Market Revenues & Volume, By Industrial, 2018 - 2027F |
7 India Embroidery Machine Market Import-Export Trade Statistics |
7.1 India Embroidery Machine Market Export to Major Countries |
7.2 India Embroidery Machine Market Imports from Major Countries |
8 India Embroidery Machine Market Key Performance Indicators |
9 India Embroidery Machine Market - Opportunity Assessment |
9.1 India Embroidery Machine Market Opportunity Assessment, By Product Type, 2020 & 2027F |
9.2 India Embroidery Machine Market Opportunity Assessment, By Applications, 2020 & 2027F |
10 India Embroidery Machine Market - Competitive Landscape |
10.1 India Embroidery Machine Market Revenue Share, By Companies, 2020 |
10.2 India Embroidery Machine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |