Germany Knitting Yarn Ball Retail Market Size & Outlook
Germany knitting yarn ball retail market, 2018-2030 (US$M)
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Germany knitting yarn ball retail market highlights
- The Germany knitting yarn ball retail market generated a revenue of USD 390.0 million in 2022 and is expected to reach USD 621.5 million by 2030.
- The Germany market is expected to grow at a CAGR of 6% 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 390.0 million |
| Market revenue in 2030 | USD 621.5 million |
| Growth rate | 6% (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, Germany accounted for 6.8% 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 Europe, Germany knitting yarn ball retail market is projected to lead the regional market in terms of revenue in 2030.
- Scandinavia is the fastest growing regional market in Europe and is projected to reach USD 444.2 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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Germany 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 Germany knitting yarn ball retail market based on physical stores, online channels covering the revenue growth of each sub-segment from 2018 to 2030.
The country comprises a number of knitters presenting their patterns, designs, tips, and finished products through offline and online channels. This has influenced young and middle-aged population alike in Germany to create clothes and accessories from yarn knitting.
As such, a large number of people in the country are engaged in knitting activity, thereby driving the demand for yarn balls in Germany. The country also experiences snowfall, which increases the demand for winter wear in Germany.
The increasing life expectancy has resulted in a large base of the elderly population in Germany. Thus, the presence of a large old population base in the country is expected to increase the demand for knitting yarn balls in Germany in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany knitting yarn ball retail market , including forecasts for subscribers. This country databook contains high-level insights into Germany knitting yarn ball retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany knitting yarn ball retail market size, by channel type, 2018-2030 (US$M)
Germany Knitting Yarn Ball Retail Market Outlook Share, 2022 & 2030 (US$M)
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