Iceland Knitting Yarn Ball Retail Market Size & Outlook
Iceland knitting yarn ball retail market, 2018-2030 (US$M)
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Iceland knitting yarn ball retail market highlights
- The Iceland knitting yarn ball retail market generated a revenue of USD 9.5 million in 2022 and is expected to reach USD 17.4 million by 2030.
- The Iceland market is expected to grow at a CAGR of 7.9% 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 9.5 million |
| Market revenue in 2030 | USD 17.4 million |
| Growth rate | 7.9% (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, Iceland accounted for 0.2% 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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Iceland 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 85.26% in 2022. Horizon Databook has segmented the Iceland knitting yarn ball retail market based on physical stores, online channels covering the revenue growth of each sub-segment from 2018 to 2030.
The art has been practiced by both, women and men in Iceland and has been a source of income for a number of people as well. The strong knitting culture in the country has helped in keeping the sales of knitting yarn balls high in Iceland.
As such, knitting yarn is sold in grocery stores and gas stations as well in the country. With time, knitting has been stereotyped as the job of old women. However, the young generation in Iceland has brought the knitting culture back to transform old-fashioned products into high-fashion art.
It has also resulted in the establishment of various online and offline groups influencing people of all ages and backgrounds to adopt knitting. This is expected to surge the demand for knitting yarn balls in the country in the coming years.
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Our clientele includes a mix of knitting yarn ball retail market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Iceland knitting yarn ball retail market , including forecasts for subscribers. This country databook contains high-level insights into Iceland knitting yarn ball retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Iceland knitting yarn ball retail market size, by channel type, 2018-2030 (US$M)
Iceland Knitting Yarn Ball Retail Market Outlook Share, 2022 & 2030 (US$M)
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