Canada Knitting Yarn Ball Retail Market Size & Outlook
Canada knitting yarn ball retail market, 2018-2030 (US$M)
Related Markets
Canada knitting yarn ball retail market highlights
- The Canada knitting yarn ball retail market generated a revenue of USD 461.5 million in 2022 and is expected to reach USD 649.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.4% 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 461.5 million |
| Market revenue in 2030 | USD 649.0 million |
| Growth rate | 4.4% (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, Canada accounted for 8.1% 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 North America, U.S. knitting yarn ball retail market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 649.0 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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Canada 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 81.52% in 2022. Horizon Databook has segmented the Canada 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 can be attributed to the continuously increasing elderly population base in the country. As knitting sweaters, dresses, and shawls for loved ones is a traditional activity among aged people, the increase in their number in the country is anticipated to surge the demand for yarn balls for knitting purposes.
Additionally, knitting is also a widely adopted art and craft activity by the young generation in Canada. People create stylish and modern knitting patterns to get the attention of a wide audience online. This is further expected to surge the adoption of knitting activity in the country, thereby positively impacting the growth of knitting yarn ball retail market in Canada.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada knitting yarn ball retail market , including forecasts for subscribers. This country databook contains high-level insights into Canada knitting yarn ball retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada knitting yarn ball retail market size, by channel type, 2018-2030 (US$M)
Canada Knitting Yarn Ball Retail Market Outlook Share, 2022 & 2030 (US$M)
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