North America Knitting Yarn Ball Retail Market Size & Outlook
North America knitting yarn ball retail market, 2018-2030 (US$M)
Related Markets
North America knitting yarn ball retail market highlights
- The North America knitting yarn ball retail market generated a revenue of USD 1,912.0 million in 2022.
- The market is expected to grow at a CAGR of 4.1% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 1,912.0 million |
| Market revenue in 2030 | USD 2,630.7 million |
| Growth rate | 4.1% (CAGR from 2022 to 2030) |
| Largest segment | Physical stores |
| Fastest growing segment | Online Channels |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, North America region accounted for 33.4% of the global knitting yarn ball retail market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 461.1 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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North America 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 80.41% in 2022. Horizon Databook has segmented the North America knitting yarn ball retail market based on physical stores, online channels covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. accounted for the major share of the market in North America in 2022 owing to the presence of various organizations and groups who are involved in knitting for donation and charity purposes. The knitting activity is also becoming popular in the region owing to the rising interest of young and middle-aged people in art and craft.
Social media and influencers have also led people to adopt knitting to develop different clothing designs. This has further increased the demand for knitting yarn balls in North America. The region also has a long and ancient history of knitting wherein it was a source of income, especially for women.
Additionally, in the early times, women in North America used to knit clothes for their families as a pastime activity, and this tradition was passed down from generation to generation. This has kept the demand for yarn balls in the region significant over the years.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America knitting yarn ball retail market , including forecasts for subscribers. This continent databook contains high-level insights into North America knitting yarn ball retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America knitting yarn ball retail market size, by country, 2018-2030 (US$M)
North America Knitting Yarn Ball Retail Market Outlook Share, 2022 & 2030 (US$M)
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