The Industrial Sewing Machine has experienced further declines since 2020 as a result of the new COVID-19 outbreak. And from the industry cycle, we believe that shoe Sewing Machine Industry chain demand is expected to recover. At the same time, we analyze the efficiency of large and small shoe enterprises in the industry, shoe making equipment investment / retention situation, found that
(1) large shoe enterprises pay more attention to "quality": large shoe enterprises continue to invest in equipment, per capital plant and shoe sewing equipment amount increased, per capital production efficiency significantly improved. From the trend of equipment efficiency, we believe that with the continuous technical iteration upgrade of equipment, the price of its Industrial Sewing machine is also expected to increase ;
(2) small shoe enterprises pay more attention to "quantity": small and medium-sized enterprises per capital equipment holdings are higher, in the small batch multi-batch trend, is expected to bring the industry-wide equipment holdings increase, we believe that shoe industry output is expected to achieve a sustained recovery , industry Shoe Machine enterprises are expected to usher in performance growth. Assuming the outbreak eases in 2021 and demand in the apparel industry picks up, we believe that demand for Pattern Sewing Machine is expected to continue to pick up, with annual demand for the shoe industry expected to exceed 8 million units again in 2022-2023.
Large shoe companies may pay more attention to the "quality" of their equipment. We believe that the technology of Computerized Sewing Machine has the tendency of continuous iteration and upgrading, and whether it is a big technology leap or a small technology upgrade, will bring about an increase in the per capital productivity of shoe enterprises. According to the reports of listed companies, the per capital amount of plant and equipment increased by investing in more efficient Shoe Sewing Machine by large shoe enterprises, although it did not lead to an increase in the output of single equipment but significantly increased per capital productivity . We believe that large shoe enterprises have more efficient personnel and equipment organization coordination, and through footwear shoe machine investment to play a more manual role / reduce labor dependence. We believe that with the continued development of leading footwear enterprises in the future, the demand for more efficient Automatic Sewing Machine will continue to be strong. At the same time, we believe that with the technical upgrading of pattern sewing machine , computerized sewing equipment terminal prices are also expected to increase, industrial sewing equipment sales scale is expected to further expand.
Downstream small companies may pay more attention to the "quantity" of equipment
Knitting and sewing are two of the most important ways of sewing shoes. Knitting is the use of knitting needles to make a variety of raw materials and varieties of yarns into coils, and then by a coil constantly knotted into a vamp; The computerized sewing equipment they need to use are mainly pattern sewing machines, double-needle sewing machine, triple needle sewing machine, Leather Sewing Machine and so on.
Post time: Apr-26-2022
