Spain Knitting Yarn Ball Retail Market Size & Outlook
Spain knitting yarn ball retail market, 2018-2030 (US$M)
Related Markets
Spain knitting yarn ball retail market highlights
- The Spain knitting yarn ball retail market generated a revenue of USD 133.6 million in 2022 and is expected to reach USD 186.8 million by 2030.
- The Spain market is expected to grow at a CAGR of 4.3% 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 133.6 million |
| Market revenue in 2030 | USD 186.8 million |
| Growth rate | 4.3% (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, Spain accounted for 2.3% 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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Spain 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 80.54% in 2022. Horizon Databook has segmented the Spain knitting yarn ball retail market based on physical stores, online channels covering the revenue growth of each sub-segment from 2018 to 2030.
As knitting activity in Spain is carried out by the masses during the holiday season, various groups in the country have come together to organize knitting workshops and classes. Additionally, yarn shops also arrange group activities in Spain for teaching knitting.
Such initiatives are expected to keep the knitting trend alive in the country, thereby surging the demand for yarn balls in Spain in the coming years. As knitting has always been a traditional practice among aged people, the large base of the elderly population in Spain is expected to fuel the demand for knitting yarn balls in the country in the coming years.
In addition, several blogs also state that the wide variety of colors and shades of yarn balls is attracting the young population for knitting sweaters, scarves, dresses, etc. Thus, the inclination of the young population toward knitting is expected to contribute to the demand for knitting yarn balls in the country in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain knitting yarn ball retail market , including forecasts for subscribers. This country databook contains high-level insights into Spain knitting yarn ball retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain knitting yarn ball retail market size, by channel type, 2018-2030 (US$M)
Spain Knitting Yarn Ball Retail Market Outlook Share, 2022 & 2030 (US$M)
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