Prospects and Suggestions of Industry Situation in 2021

Looking forward to 2021, the external situation facing the industry will continue to improve, the downstream large and medium-sized garment enterprises are expected to recover one after another, the confidence in investment and development is expected to be significantly enhanced, the damaged market demand in Southeast Asia is expected to rebound, and China's sewing machinery industry will gradually usher in a new round of recovery and growth opportunities.

It is expected that the industry economy will show a recovery trend of "first rising and then suppressing" and "oscillating and picking up" throughout the year.

Pattern Sewing Machine

Prospects and Suggestions of Industry Situation in 2021

In the first half of the year, the orders of downstream industries in China were relatively sufficient, and the activities of increasing production and expanding production were more active. It is expected that the domestic demand of sewing equipment will achieve a large increase, the industry economy will rebound obviously, and various economic indicators will turn from negative to positive and achieve recovery medium-speed growth.

In the second half of the year, with the end of the replenishment cycle of sewing equipment industry chain and the continuous repair of the global textile and garment supply chain, the domestic demand will be weak in stages. However, driven by the economic unsealing and demand release of developed economies, the external demand of sewing equipment is expected to obviously pick up, which has become an important driving force for the industry to continue to pick up.

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Footwear Sewing Machine, Leather Sewing Machine.

With the increase of the base in the same period of last year, the economic growth of the industry will enter a low-speed growth mode in the second half of the year, and the total economic volume of the industry is expected to recover and significantly exceed the level of 2019. The annual revenue, production and sales are expected to achieve double-digit growth.

Development suggestions: insight into new changes in the market and construction of a new market pattern; Increase technological innovation and accelerate digital transformation; Accelerate the shortcomings and build new advantages in comprehensive competition; Strengthen development strategic planning and comprehensively promote high-quality development.

Computerized Sewing Machine, Industrial Sewing Machine

Post time: Apr-26-2022