India Knitting Yarn Ball Retail Market Size & Outlook
India knitting yarn ball retail market, 2018-2030 (US$M)
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India knitting yarn ball retail market highlights
- The India knitting yarn ball retail market generated a revenue of USD 182.7 million in 2022 and is expected to reach USD 265.1 million by 2030.
- The India 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 182.7 million |
| Market revenue in 2030 | USD 265.1 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, India accounted for 3.2% 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 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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India 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 86.48% in 2022. Horizon Databook has segmented the India knitting yarn ball retail market based on physical stores, online channels covering the revenue growth of each sub-segment from 2018 to 2030.
Knitting is considered a traditional skill of women in India, where many of them can be found knitting for their family or income. The tradition has been passed from generation to generation. Indian population is fond of wearing homemade knitwear such as sweaters, socks, shawls, scarves, and gloves.
In addition, the low-income group of the country opts for knitting their woolen wear to save money, which has resulted in high demand for knitting yarn balls in the country. The population in the country is growing at a high rate, which has resulted in high demand for clothing and apparel.
The temperature in the country falls in the winter season, which promotes the knitting of a large number of woolen wear, thus increasing the demand for knitting yarn balls in the country. The country also has various knitting groups that meet online as well as offline to knit in groups.
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Horizon Databook provides a detailed overview of country-level data and insights on the India knitting yarn ball retail market , including forecasts for subscribers. This country databook contains high-level insights into India knitting yarn ball retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India knitting yarn ball retail market size, by channel type, 2018-2030 (US$M)
India Knitting Yarn Ball Retail Market Outlook Share, 2022 & 2030 (US$M)
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