South Korea Knitting Yarn Ball Retail Market Size & Outlook
South Korea knitting yarn ball retail market, 2018-2030 (US$M)
Related Markets
South Korea knitting yarn ball retail market highlights
- The South Korea knitting yarn ball retail market generated a revenue of USD 38.2 million in 2022 and is expected to reach USD 53.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 4.4% 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 38.2 million |
| Market revenue in 2030 | USD 53.7 million |
| Growth rate | 4.4% (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, South Korea accounted for 0.7% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Knitting Yarn Ball Retail Market Scope
Knitting Yarn Ball Retail Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 82.46% in 2022. Horizon Databook has segmented the South Korea 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 has a presence of many knitting yarn shops, which offer a place for people to knit. The shops further conduct classes and workshops to teach different patterns. They also showcase seasonal accessories & clothing patterns for people visiting the shops so that they can copy the patterns as per their requirements.
These factors have influenced many people in following different patterns and knit, in turn, boosting the demand for knitting yarn balls in the country. There are several cafés as well that sell knitting goods, such as Banul Knitting Café situated in Seoul, South Korea.
This café sells products required for hand knitting, such as needles and yarn balls. It offers yarn in various shapes and colors, which is expected to attract people. People share their techniques & ideas in the café and the cafe further attracts young people.
Reasons to subscribe to South Korea knitting yarn ball retail market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea knitting yarn ball retail market databook
-
Our clientele includes a mix of knitting yarn ball retail market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea knitting yarn ball retail market , including forecasts for subscribers. This country databook contains high-level insights into South Korea knitting yarn ball retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea knitting yarn ball retail market size, by channel type, 2018-2030 (US$M)
South Korea Knitting Yarn Ball Retail Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
