Asia Pacific Knitting Yarn Ball Retail Market Size & Outlook
Asia Pacific knitting yarn ball retail market, 2018-2030 (US$M)
Related Markets
Asia Pacific knitting yarn ball retail market highlights
- The Asia Pacific knitting yarn ball retail market generated a revenue of USD 1,097.2 million in 2022.
- The market is expected to grow at a CAGR of 4.7% from 2023 to 2030.
- In terms of segment, physical stores was the largest revenue generating channel type in 2022.
- Online Channels is the most lucrative channel type segment registering the fastest growth during the forecast period.
- Country-wise, New Zealand is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 1,097.2 million |
| Market revenue in 2030 | USD 1,585.0 million |
| Growth rate | 4.7% (CAGR from 2022 to 2030) |
| Largest segment | Physical stores |
| Fastest growing segment | Online Channels |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Physical Stores, Online Channels |
| Key market players worldwide | Sullivans USA, Ganga Acrowools, Vardhman Group, Hobbii, Ball Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 19.2% of the global knitting yarn ball retail market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 461.1 million by 2030.
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Knitting Yarn Ball Retail Market Scope
Knitting Yarn Ball Retail Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific knitting yarn ball retail market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to knitting yarn ball retail market will help companies and investors design strategic landscapes.
Physical stores was the largest segment with a revenue share of 83.37% in 2022. Horizon Databook has segmented the Asia Pacific knitting yarn ball retail market based on physical stores, online channels covering the revenue growth of each sub-segment from 2018 to 2030.
The people in the region are involved in knitting for centuries and have passed this skill from generation to generation. This has kept hand knitting alive in the region, which is expected to positively impact the growth of the knitting yarn ball retail market.
Asia Pacific has countries with the largest population, which results in high consumption of woolen wear. The region also consists of a poor population with low or below average income in countries such as Afghanistan, Nepal, and Syria.
The poor population opts for hand-knitting their woolen wear on account of the inability to afford readymade garments. Hence, the immense population coupled with the poverty rate results in increasing knitting activities, which is expected to boost the demand for knitting yarn balls in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific knitting yarn ball retail market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific knitting yarn ball retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific knitting yarn ball retail market size, by country, 2018-2030 (US$M)
Asia Pacific Knitting Yarn Ball Retail Market Outlook Share, 2022 & 2030 (US$M)
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