Global Industrial Machine Needles market cagr 9.0%

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Industrial Machine Needles

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Industrial Machine Needles Market Size and Growth

The Industrial Machine Needles market is experiencing steady growth, driven by increasing automation in manufacturing and rising demand for precision tools. The market size is estimated at USD 1.2 billion in 2023, with a projected annual growth rate of 5% through 2030, influenced by innovations and expanding end-use industries.

Companies Covered

(Covid 19 Impact Covered)

◍ Groz-Beckert

◍ Schmetz

◍ Organ Needle

◍ Dotec Needle

◍ Jiangsu Flying Tiger Needle

◍ Juki

◍ Brother

◍ Singer

◍ Nantong ShengYi Needle

◍ Jiangsu Mais Sewing Machine Needles

The Industrial Machine Needles Market features key players like Groz-Beckert, Schmetz, and Organ Needle, who innovate and expand product offerings, enhancing operational efficiency across sectors. Companies like Juki and Brother leverage advanced technology to capture market share, driving growth. Revenue figures vary, with leading companies reporting substantial sales successes.

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Market Segmentation

By Application

By Product

◍ Chainstitch Needles ◍ Clothing ◍ Leather ◍ Technical Textile ◍ Embroidery

Shoes

◍ Lockstitch Sewing Needles

◍ Interlock Sewing Needles

◍ Overlock Sewing Needles

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Market Growth

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$ X Billion USD

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