China Knitting Yarn Ball Retail Market Size & Outlook
China knitting yarn ball retail market, 2018-2030 (US$M)
Related Markets
China knitting yarn ball retail market highlights
- The China knitting yarn ball retail market generated a revenue of USD 347.7 million in 2022 and is expected to reach USD 504.7 million by 2030.
- The China market is expected to grow at a CAGR of 4.8% 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 347.7 million |
| Market revenue in 2030 | USD 504.7 million |
| Growth rate | 4.8% (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, China accounted for 6.1% 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 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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China 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 84.5% in 2022. Horizon Databook has segmented the China knitting yarn ball retail market based on physical stores, online channels covering the revenue growth of each sub-segment from 2018 to 2030.
Many younger people in China are getting encouraged to knit for making unique garments and accessories, thus making it a hobby to show a personal style. Furthermore, the high population in the country has also led to the rising demand for winter wear, which results in higher sales of knitting yarn balls for making sweaters, scarves, shawls, and socks.
In addition, retired women with many years of experience in knitting have started giving live classes. Knitting wools and tools suppling company started one such team where they provide classes on knitting patterns and methods.
The classes were mainly for young people who want to do knitting but are not trained enough to accomplish their task. Such initiatives in the country are expected to attract more people to knit, which, in turn, is likely to boost the demand for knitting yarn balls in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the China knitting yarn ball retail market , including forecasts for subscribers. This country databook contains high-level insights into China knitting yarn ball retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China knitting yarn ball retail market size, by channel type, 2018-2030 (US$M)
China Knitting Yarn Ball Retail Market Outlook Share, 2022 & 2030 (US$M)
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