Global Sewing Thread Market Size, Share, and COVID-19 Impact Analysis, By Type (Natural and Synthetic), By Application (Apparel, Footwear, Beddings & Mattress, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033
Industry: Consumer GoodsGlobal Sewing Thread Market Insights Forecasts to 2033
- The Global Sewing Thread Market Size was estimated at USD 3.56 Billion in 2023
- The Global Sewing Thread Market Size is Expected to Grow at a CAGR of around 2.66% from 2023 to 2033
- The Worldwide Sewing Thread Market Size is Expected to Reach USD 4.63 Billion by 2033
- North America is expected to grow the fastest during the forecast period.
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The Global Sewing Thread Market Size is expected to cross USD 4.63 Billion by 2033, Growing at a CAGR of 2.66% from 2023 to 2033. The market for sewing thread has an opportunity due to the growing popularity of online purchasing. Compared to a conventional store, e-commerce platforms enable manufacturers to access a worldwide audience and provide a greater selection of products.
Market Overview
The global industry devoted to the manufacture, marketing, and distribution of sewing threads specialized yarns used to stitch or sew cloth and other materials is known as the sewing thread market. These sewing threads are vital parts of several industries, including household textiles, industrial uses, footwear, clothing, and automobiles. The sewing thread market offers both synthetic and natural thread varieties to meet the needs of both machine and hand stitching. Several interrelated causes, including growing consumer demand, technical breakthroughs, and expanding applications across many sectors, are contributing to the industry's notable rise. The development of the sewing thread market has also been significantly influenced by technological advancements in the thread production industry. The range of applications for sewing thread has increased due to the increasing usage of technological fabrics in a variety of sectors. The focus on sustainability complements international initiatives to lessen the negative environmental effects of textile production, which increases consumer demand for environmentally friendly products.
Report Coverage
This research report categorizes the sewing thread market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the sewing thread market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the sewing thread market.
Sewing Thread Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 3.56 Billion |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | CAGR of 2.66% |
2033 Value Projection: | USD 4.63 Billion |
Historical Data for: | 2019-2022 |
No. of Pages: | 244 |
Tables, Charts & Figures: | 126 |
Segments covered: | By Type, By Application, By Region and COVID-19 Impact Analysis |
Companies covered:: | Coats Group PLC, FUJIX Ltd., Gunze Limited, Coats Group PLC, FUJIX Ltd., Gunze Limited, Canwil Textiles, Inc., Leader Thread Corp., AURIFIL Srl, Perfectex Plus LLC, American & Efird LLC, Durak Tekstil San. Ve Tic. A.S., Ningbo MH Industry Co., Ltd., Threads (India) Private Limited, Vardhman Yarns & Threads Ltd., AMANN & Sohne GmbH & Co KG, W.L. Gore & Associates, Inc., and others Key Vendors. |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis. |
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Driving Factors
Several interrelated factors, such as growing consumer demand, increasing applications across numerous sectors, and technical improvements, are driving the sewing thread market's notable expansion. The growing demand in the clothing and footwear industries is one of the main factors driving the sewing thread market. Growing sewing thread applications and rising consumer demand are driving the sewing thread market. The medical and automotive sectors, as well as the clothing and home décor industries, are seeing a growth in the use of sewing threads. Growing customer desire for strong, long-lasting textiles is expected to propel the sewing thread market.
Restraining Factors
Price fluctuations for raw materials restrict market expansion. It is anticipated that these swings may cause ambiguity and present difficulties for producers concerning pricing and cost control.
Market Segmentation
The sewing thread market share is classified into type and application.
• The natural segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the type, the sewing thread market is divided into natural and synthetic. Among these, the natural segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Natural sewing threads made from cotton, silk, and linen are becoming more and more popular as a result of growing customer demand for eco-friendly and sustainable goods. Compared to synthetic counterparts, these threads are less harmful to the environment and biodegradable.
• The apparel segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the application, the sewing thread market is divided into apparel, footwear, beddings & mattress, and others. Among these, the apparel segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Several important variables that represent the changing dynamics of the global textile market are driving the rise of sewing threads in the apparel industry.
Regional Segment Analysis of the Sewing Thread Market
• North America (U.S., Canada, Mexico)
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)
Asia Pacific is anticipated to hold the largest share of the sewing thread market over the predicted timeframe.
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Asia Pacific is anticipated to hold the largest share of the sewing thread market over the predicted timeframe. The Asia Pacific region is experiencing a surge in demand for reasonably priced clothing and technology fabrics. The region has established itself as a worldwide manufacturing powerhouse and has drawn investments in cutting-edge production technology thanks to its robust textile export capabilities. China, India, and Bangladesh are among the nations that have contributed most to this rise because of their cheap labor costs and plentiful supply of raw materials.
North America is expected to grow at the fastest CAGR growth of the sewing thread market during the forecast period. The textile and garment sector is the main driver of North America. Due to their exceptional strength and durability, premium synthetic threads, primarily polyester and nylon, are becoming more and more in demand for a variety of applications, such as home textiles, clothing, and automobiles. The growth of e-commerce has made sewing threads more accessible to enterprises and individuals alike, which has fueled market expansion.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the sewing thread market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Coats Group PLC
- FUJIX Ltd.
- Gunze Limited
- Canwil Textiles, Inc.
- Leader Thread Corp.
- AURIFIL Srl
- Perfectex Plus LLC
- American and Efird LLC
- Durak Tekstil San. Ve Tic. A.S
- Ningbo MH Industry Co., Ltd.
- Threads (India) Private Limited
- Vardhman Yarns and Threads Ltd.
- AMANN and Sohne GmbH and Co KG
- W.L. Gore and Associates, Inc.
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the sewing thread market based on the below-mentioned segments:
Global Sewing Thread Market, By Type
- Natural
- Synthetic
Global Sewing Thread Market By Application
- Apparel
- Footwear
- Beddings & Mattress
- Others
Global Sewing Thread Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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