Australia Knitting Yarn Ball Retail Market Size & Outlook
Australia knitting yarn ball retail market, 2018-2030 (US$M)
Related Markets
Australia knitting yarn ball retail market highlights
- The Australia knitting yarn ball retail market generated a revenue of USD 169.1 million in 2022 and is expected to reach USD 250.9 million by 2030.
- The Australia market is expected to grow at a CAGR of 5.1% 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.
Knitting yarn ball retail market data book summary
| Market revenue in 2022 | USD 169.1 million |
| Market revenue in 2030 | USD 250.9 million |
| Growth rate | 5.1% (CAGR from 2022 to 2030) |
| Largest segment | Physical stores |
| Fastest growing segment | Online Channels |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Australia accounted for 3.0% of the global knitting yarn ball retail market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China knitting yarn ball retail market is projected to lead the regional market in terms of revenue in 2030.
- New Zealand is the fastest growing regional market in Asia Pacific and is projected to reach USD 146.2 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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Australia 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 79.54% in 2022. Horizon Databook has segmented the Australia knitting yarn ball retail market based on physical stores, online channels covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the market in this country can be attributed to the presence of various knitting groups that work through offline and online channels in Australia. The leading knitting groups in Australia are Queensland Spinners Weavers & Fiber Artists Group, Melbourne Crochet and Craft Group, Fabric Garden's Sewing Circle, and Eastern Shore Crafting and Connection.
These groups result in increased participation of people in the creation of knitted products, thereby fueling the demand for knitting yarn balls in the country in the coming years. In Australia, knitting forms a part of protests as well.
For instance, a group of women named Knitting Nannas in the country sat and protested while knitting. They knitted scarves, hats, and flags to pass their time while protesting for environmental issues, as well as for the future of children. Additionally, the people who joined their protest also participated in knitting.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia knitting yarn ball retail market , including forecasts for subscribers. This country databook contains high-level insights into Australia knitting yarn ball retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia knitting yarn ball retail market size, by channel type, 2018-2030 (US$M)
Australia Knitting Yarn Ball Retail Market Outlook Share, 2022 & 2030 (US$M)
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