Authored By: Sarah
09 Oct 2024

Latest News:- Knitting And Crochet Market: Apparel is expected to lead the Application segment during 2024-2028

Knitting And Crochet Market to grow at a CAGR of 6.4% during 2024-2028

The Knitting And Crochet Market is expected to grow at a CAGR of 6.4% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 10694 million. The global knitting and crochet market is undergoing substantial evolution, fueled by technological innovations and a heightened emphasis on sustainability. At the recent ITMA exhibition in Milan, Italy, which attracted 110,000 international attendees in 2023, the industry's dynamic growth and innovation were underscored. A prominent trend is the adoption of advanced, eco-friendly materials, giving rise to technical textiles with multifunctional applications in fashion, sports, architecture, defense, and healthcare. Robotics and artificial intelligence (AI) are pivotal in automating knitted textiles' production, while 3D digitization streamlines supply chains. Early AI integration facilitates retooling and efficiency enhancements, enabling autonomous machines to broaden their capabilities. 

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The Apparel subsegment is expected to dominate the Application segment during the forecast period 

Technavio analysts predict that the Apparel subsegment will lead the Application segment during 2024 and 2028 The knitting and crochet market represents a significant niche within the textile industry, showcasing robust growth and innovation. Key players engage in manufacturing and distributing a wide array of knitted and crocheted products, including garments, accessories, and home textiles. Consumer demand for customized, eco-friendly, and high-quality items fuels market expansion. Strategic partnerships, technological advancements, and sustainable practices are essential for maintaining competitiveness.

Here are the various ways based on which the market is segmented: 

  • Application
    • Apparel
    • Home textile
    • Industrial
    • Others
  • Distribution Channel
    • Online
    • Offline
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • Middle East and Africa

Reasons to Purchase the Global Knitting And Crochet Market Market Research Report by Technavio. What is in it for you?

  • Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
  • Insight into Current Market Trends: Our research reports provide our readers insights into the latest market intelligence, competitor strategies, market trends, changes taking place in the industry and customer preferences, forecasted market opportunities that influence them to make better business decisions
  • High ROI with Extensive Hands-on Research: Technavio is renowned for offering personalized market research reports as per unique business needs, delving deep into specific markets, product segments and demographics. Additionally, it is also well-known for providing high return on investments through its wide collection of data at pocket-friendly rates

There are several factors that are causing the market to flourish initiatives for training and employment opportunities

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

Title: Exploring the Knitting and Crochet Market: Tools, Skills, and Creations The knitting and crochet market is a vibrant and diverse community of creatives who share a passion for transforming fiber into beautiful garments, home decor, and more. Both hobbies require unique tools and skills, but they each offer distinct advantages. For crochet, hooks and threads are essential. Crochet hooks come in various sizes and materials, allowing for intricate stitch work and delicate fabric creation. Crochet thread is often thinner than knitting yarn, making it perfect for creating detailed patterns, such as crochet sock patterns or table runners. Knitting, on the other hand, involves needles and yarn. Knitting machines and looms can also be used for larger projects. Knitting techniques include active yarn loops, stitches, and color and design combinations. Knitted fabrics are known for their drape and texture, making them ideal for garments and blankets. Both hobbies require hand-eye coordination and patience, but the results are well worth the effort. From crocheted fabric flowers to knitted sweater vests, the possibilities are endless. Whether you're a beginner or an experienced crafter, the knitting and crochet market offers a wealth of resources, techniques, and projects to explore. So, grab your favorite fiber and get started!

Market Research Overview

The global apparel, accessories, and luxury goods market encompasses businesses involved in the manufacturing and marketing of textiles, apparel, accessories, and luxury goods, excluding footwear manufacturers. This market is driven by several key factors, including the expanding working female population, which contributes to increased household disposable income and subsequent spending on apparel, accessories, and luxury goods. According to Technavio, the market size is determined by the consolidated revenues of textiles, apparel, accessories, and luxury goods manufacturers and marketers.

The Knitting And Crochet Market is experiencing significant growth, fueled by the initiatives for training and employment opportunities. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

 

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