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Global Automatic Sewing Machine Market Research Report 2025
Synopsis
An automated electric sewing machine sews fabric with thread without the need for complete manual intervention . Electric sewing machines have greatly increased the productivity of the clothing industry. Such machines can handle heavy-duty sewing jobs and can operate for a long duration of time.
The global Automatic Sewing Machine market was valued at US$ 927 million in 2023 and is anticipated to reach US$ 1353.4 million by 2030, witnessing a CAGR of 5.6% during the forecast period 2024-2030.
At present, China has developed into a veritable textile power, the main textile products of chemical fiber, yarn, cloth and other production capacity production is huge, the output has ranked first in the world. According to the statistics of China National Bureau of Statistics, China's 2022 production of yarn will be 27.191 million tons, chemical fiber production will be 66.978 million tons, and cloth production will be 36.75 billion meters. Developed countries have obvious advantages in science and technology research and development and brand channels, and their manufacturing capacity in high-end equipment, high-performance fibers, smart textiles and clothing continues to grow; developing countries have obvious advantages in labor costs, and with the implementation of regional trade agreements will reduce the cost of trade in the relevant countries, the textile industry of developing countries, such as India, Vietnam, Bangladesh, Pakistan and other developing countries, is showing a clear upward trend.
This report aims to provide a comprehensive presentation of the global market for Automatic Sewing Machine, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automatic Sewing Machine.
Report Scope
The Automatic Sewing Machine market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Automatic Sewing Machine market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Automatic Sewing Machine manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Brother
Feiyue Group
Juki Corporation
Jack Sewing Machine
ZOJE
SGSB Group
SVP Worldwide
Toyota
Gemsy
Jaguar
Vetron Typical
VSM Group
SunStar Sewing Machine
Zhejiang Maqi Sewing Machine
Janome
Bernina
Pegasus Sewing Machine
Baby Lock
Segment by Type
Single Head Sewing Machine
Multi Head Sewing Machine
Segment by Application
Apparel
Shoes (Sport Shoes, Boot, Leisure Shoes)
Bags
Cars (Car Seats, Seat Belts, Air Bags)
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Automatic Sewing Machine manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Automatic Sewing Machine by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Automatic Sewing Machine in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
An automated electric sewing machine sews fabric with thread without the need for complete manual intervention . Electric sewing machines have greatly increased the productivity of the clothing industry. Such machines can handle heavy-duty sewing jobs and can operate for a long duration of time.
The global Automatic Sewing Machine market was valued at US$ 927 million in 2023 and is anticipated to reach US$ 1353.4 million by 2030, witnessing a CAGR of 5.6% during the forecast period 2024-2030.
At present, China has developed into a veritable textile power, the main textile products of chemical fiber, yarn, cloth and other production capacity production is huge, the output has ranked first in the world. According to the statistics of China National Bureau of Statistics, China's 2022 production of yarn will be 27.191 million tons, chemical fiber production will be 66.978 million tons, and cloth production will be 36.75 billion meters. Developed countries have obvious advantages in science and technology research and development and brand channels, and their manufacturing capacity in high-end equipment, high-performance fibers, smart textiles and clothing continues to grow; developing countries have obvious advantages in labor costs, and with the implementation of regional trade agreements will reduce the cost of trade in the relevant countries, the textile industry of developing countries, such as India, Vietnam, Bangladesh, Pakistan and other developing countries, is showing a clear upward trend.
This report aims to provide a comprehensive presentation of the global market for Automatic Sewing Machine, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automatic Sewing Machine.
Report Scope
The Automatic Sewing Machine market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Automatic Sewing Machine market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Automatic Sewing Machine manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Brother
Feiyue Group
Juki Corporation
Jack Sewing Machine
ZOJE
SGSB Group
SVP Worldwide
Toyota
Gemsy
Jaguar
Vetron Typical
VSM Group
SunStar Sewing Machine
Zhejiang Maqi Sewing Machine
Janome
Bernina
Pegasus Sewing Machine
Baby Lock
Segment by Type
Single Head Sewing Machine
Multi Head Sewing Machine
Segment by Application
Apparel
Shoes (Sport Shoes, Boot, Leisure Shoes)
Bags
Cars (Car Seats, Seat Belts, Air Bags)
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Automatic Sewing Machine manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Automatic Sewing Machine by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Automatic Sewing Machine in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Automatic Sewing Machine Market Overview
1.1 Product Definition
1.2 Automatic Sewing Machine Segment by Type
1.2.1 Global Automatic Sewing Machine Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Single Head Sewing Machine
1.2.3 Multi Head Sewing Machine
1.3 Automatic Sewing Machine Segment by Application
1.3.1 Global Automatic Sewing Machine Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Apparel
1.3.3 Shoes (Sport Shoes, Boot, Leisure Shoes)
1.3.4 Bags
1.3.5 Cars (Car Seats, Seat Belts, Air Bags)
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global Automatic Sewing Machine Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Automatic Sewing Machine Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Automatic Sewing Machine Production Estimates and Forecasts (2019-2030)
1.4.4 Global Automatic Sewing Machine Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Automatic Sewing Machine Production Market Share by Manufacturers (2019-2024)
2.2 Global Automatic Sewing Machine Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Automatic Sewing Machine, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Automatic Sewing Machine Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Automatic Sewing Machine Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Automatic Sewing Machine, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Automatic Sewing Machine, Product Offered and Application
2.8 Global Key Manufacturers of Automatic Sewing Machine, Date of Enter into This Industry
2.9 Automatic Sewing Machine Market Competitive Situation and Trends
2.9.1 Automatic Sewing Machine Market Concentration Rate
2.9.2 Global 5 and 10 Largest Automatic Sewing Machine Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Automatic Sewing Machine Production by Region
3.1 Global Automatic Sewing Machine Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Automatic Sewing Machine Production Value by Region (2019-2030)
3.2.1 Global Automatic Sewing Machine Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Automatic Sewing Machine by Region (2025-2030)
3.3 Global Automatic Sewing Machine Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Automatic Sewing Machine Production by Region (2019-2030)
3.4.1 Global Automatic Sewing Machine Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Automatic Sewing Machine by Region (2025-2030)
3.5 Global Automatic Sewing Machine Market Price Analysis by Region (2019-2024)
3.6 Global Automatic Sewing Machine Production and Value, Year-over-Year Growth
3.6.1 North America Automatic Sewing Machine Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Automatic Sewing Machine Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Automatic Sewing Machine Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Automatic Sewing Machine Production Value Estimates and Forecasts (2019-2030)
4 Automatic Sewing Machine Consumption by Region
4.1 Global Automatic Sewing Machine Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Automatic Sewing Machine Consumption by Region (2019-2030)
4.2.1 Global Automatic Sewing Machine Consumption by Region (2019-2024)
4.2.2 Global Automatic Sewing Machine Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Automatic Sewing Machine Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Automatic Sewing Machine Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Automatic Sewing Machine Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Automatic Sewing Machine Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Automatic Sewing Machine Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Automatic Sewing Machine Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Automatic Sewing Machine Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Automatic Sewing Machine Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Automatic Sewing Machine Production by Type (2019-2030)
5.1.1 Global Automatic Sewing Machine Production by Type (2019-2024)
5.1.2 Global Automatic Sewing Machine Production by Type (2025-2030)
5.1.3 Global Automatic Sewing Machine Production Market Share by Type (2019-2030)
5.2 Global Automatic Sewing Machine Production Value by Type (2019-2030)
5.2.1 Global Automatic Sewing Machine Production Value by Type (2019-2024)
5.2.2 Global Automatic Sewing Machine Production Value by Type (2025-2030)
5.2.3 Global Automatic Sewing Machine Production Value Market Share by Type (2019-2030)
5.3 Global Automatic Sewing Machine Price by Type (2019-2030)
6 Segment by Application
6.1 Global Automatic Sewing Machine Production by Application (2019-2030)
6.1.1 Global Automatic Sewing Machine Production by Application (2019-2024)
6.1.2 Global Automatic Sewing Machine Production by Application (2025-2030)
6.1.3 Global Automatic Sewing Machine Production Market Share by Application (2019-2030)
6.2 Global Automatic Sewing Machine Production Value by Application (2019-2030)
6.2.1 Global Automatic Sewing Machine Production Value by Application (2019-2024)
6.2.2 Global Automatic Sewing Machine Production Value by Application (2025-2030)
6.2.3 Global Automatic Sewing Machine Production Value Market Share by Application (2019-2030)
6.3 Global Automatic Sewing Machine Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Brother
7.1.1 Brother Automatic Sewing Machine Corporation Information
7.1.2 Brother Automatic Sewing Machine Product Portfolio
7.1.3 Brother Automatic Sewing Machine Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Brother Main Business and Markets Served
7.1.5 Brother Recent Developments/Updates
7.2 Feiyue Group
7.2.1 Feiyue Group Automatic Sewing Machine Corporation Information
7.2.2 Feiyue Group Automatic Sewing Machine Product Portfolio
7.2.3 Feiyue Group Automatic Sewing Machine Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Feiyue Group Main Business and Markets Served
7.2.5 Feiyue Group Recent Developments/Updates
7.3 Juki Corporation
7.3.1 Juki Corporation Automatic Sewing Machine Corporation Information
7.3.2 Juki Corporation Automatic Sewing Machine Product Portfolio
7.3.3 Juki Corporation Automatic Sewing Machine Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Juki Corporation Main Business and Markets Served
7.3.5 Juki Corporation Recent Developments/Updates
7.4 Jack Sewing Machine
7.4.1 Jack Sewing Machine Automatic Sewing Machine Corporation Information
7.4.2 Jack Sewing Machine Automatic Sewing Machine Product Portfolio
7.4.3 Jack Sewing Machine Automatic Sewing Machine Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Jack Sewing Machine Main Business and Markets Served
7.4.5 Jack Sewing Machine Recent Developments/Updates
7.5 ZOJE
7.5.1 ZOJE Automatic Sewing Machine Corporation Information
7.5.2 ZOJE Automatic Sewing Machine Product Portfolio
7.5.3 ZOJE Automatic Sewing Machine Production, Value, Price and Gross Margin (2019-2024)
7.5.4 ZOJE Main Business and Markets Served
7.5.5 ZOJE Recent Developments/Updates
7.6 SGSB Group
7.6.1 SGSB Group Automatic Sewing Machine Corporation Information
7.6.2 SGSB Group Automatic Sewing Machine Product Portfolio
7.6.3 SGSB Group Automatic Sewing Machine Production, Value, Price and Gross Margin (2019-2024)
7.6.4 SGSB Group Main Business and Markets Served
7.6.5 SGSB Group Recent Developments/Updates
7.7 SVP Worldwide
7.7.1 SVP Worldwide Automatic Sewing Machine Corporation Information
7.7.2 SVP Worldwide Automatic Sewing Machine Product Portfolio
7.7.3 SVP Worldwide Automatic Sewing Machine Production, Value, Price and Gross Margin (2019-2024)
7.7.4 SVP Worldwide Main Business and Markets Served
7.7.5 SVP Worldwide Recent Developments/Updates
7.8 Toyota
7.8.1 Toyota Automatic Sewing Machine Corporation Information
7.8.2 Toyota Automatic Sewing Machine Product Portfolio
7.8.3 Toyota Automatic Sewing Machine Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Toyota Main Business and Markets Served
7.7.5 Toyota Recent Developments/Updates
7.9 Gemsy
7.9.1 Gemsy Automatic Sewing Machine Corporation Information
7.9.2 Gemsy Automatic Sewing Machine Product Portfolio
7.9.3 Gemsy Automatic Sewing Machine Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Gemsy Main Business and Markets Served
7.9.5 Gemsy Recent Developments/Updates
7.10 Jaguar
7.10.1 Jaguar Automatic Sewing Machine Corporation Information
7.10.2 Jaguar Automatic Sewing Machine Product Portfolio
7.10.3 Jaguar Automatic Sewing Machine Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Jaguar Main Business and Markets Served
7.10.5 Jaguar Recent Developments/Updates
7.11 Vetron Typical
7.11.1 Vetron Typical Automatic Sewing Machine Corporation Information
7.11.2 Vetron Typical Automatic Sewing Machine Product Portfolio
7.11.3 Vetron Typical Automatic Sewing Machine Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Vetron Typical Main Business and Markets Served
7.11.5 Vetron Typical Recent Developments/Updates
7.12 VSM Group
7.12.1 VSM Group Automatic Sewing Machine Corporation Information
7.12.2 VSM Group Automatic Sewing Machine Product Portfolio
7.12.3 VSM Group Automatic Sewing Machine Production, Value, Price and Gross Margin (2019-2024)
7.12.4 VSM Group Main Business and Markets Served
7.12.5 VSM Group Recent Developments/Updates
7.13 SunStar Sewing Machine
7.13.1 SunStar Sewing Machine Automatic Sewing Machine Corporation Information
7.13.2 SunStar Sewing Machine Automatic Sewing Machine Product Portfolio
7.13.3 SunStar Sewing Machine Automatic Sewing Machine Production, Value, Price and Gross Margin (2019-2024)
7.13.4 SunStar Sewing Machine Main Business and Markets Served
7.13.5 SunStar Sewing Machine Recent Developments/Updates
7.14 Zhejiang Maqi Sewing Machine
7.14.1 Zhejiang Maqi Sewing Machine Automatic Sewing Machine Corporation Information
7.14.2 Zhejiang Maqi Sewing Machine Automatic Sewing Machine Product Portfolio
7.14.3 Zhejiang Maqi Sewing Machine Automatic Sewing Machine Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Zhejiang Maqi Sewing Machine Main Business and Markets Served
7.14.5 Zhejiang Maqi Sewing Machine Recent Developments/Updates
7.15 Janome
7.15.1 Janome Automatic Sewing Machine Corporation Information
7.15.2 Janome Automatic Sewing Machine Product Portfolio
7.15.3 Janome Automatic Sewing Machine Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Janome Main Business and Markets Served
7.15.5 Janome Recent Developments/Updates
7.16 Bernina
7.16.1 Bernina Automatic Sewing Machine Corporation Information
7.16.2 Bernina Automatic Sewing Machine Product Portfolio
7.16.3 Bernina Automatic Sewing Machine Production, Value, Price and Gross Margin (2019-2024)
7.16.4 Bernina Main Business and Markets Served
7.16.5 Bernina Recent Developments/Updates
7.17 Pegasus Sewing Machine
7.17.1 Pegasus Sewing Machine Automatic Sewing Machine Corporation Information
7.17.2 Pegasus Sewing Machine Automatic Sewing Machine Product Portfolio
7.17.3 Pegasus Sewing Machine Automatic Sewing Machine Production, Value, Price and Gross Margin (2019-2024)
7.17.4 Pegasus Sewing Machine Main Business and Markets Served
7.17.5 Pegasus Sewing Machine Recent Developments/Updates
7.18 Baby Lock
7.18.1 Baby Lock Automatic Sewing Machine Corporation Information
7.18.2 Baby Lock Automatic Sewing Machine Product Portfolio
7.18.3 Baby Lock Automatic Sewing Machine Production, Value, Price and Gross Margin (2019-2024)
7.18.4 Baby Lock Main Business and Markets Served
7.18.5 Baby Lock Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Automatic Sewing Machine Industry Chain Analysis
8.2 Automatic Sewing Machine Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Automatic Sewing Machine Production Mode & Process
8.4 Automatic Sewing Machine Sales and Marketing
8.4.1 Automatic Sewing Machine Sales Channels
8.4.2 Automatic Sewing Machine Distributors
8.5 Automatic Sewing Machine Customers
9 Automatic Sewing Machine Market Dynamics
9.1 Automatic Sewing Machine Industry Trends
9.2 Automatic Sewing Machine Market Drivers
9.3 Automatic Sewing Machine Market Challenges
9.4 Automatic Sewing Machine Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
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