The Knitting And Crochet Market is being driven by Initiatives for training and employment opportunities
The Knitting And Crochet Market is expected to grow at a CAGR of 6.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 12279.9 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 2023 event in Milan, Italy, which attracted 110,000 international attendees, the industry's growth and dynamism were underscored. A significant trend in this sector is the adoption of advanced, eco-friendly materials for the production of technical textiles, catering to diverse applications in fashion, sports, architecture, defense, and healthcare. Robotics and artificial intelligence (AI) are revolutionizing knitted textile manufacturing by automating processes, while 3D digitization is streamlining supply chains. The integration of AI in the early stages of production is facilitating retooling and efficiency enhancements, and autonomous machines are broadening their functionalities.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
221 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.9% |
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Market growth 2025-2029 |
USD 12279.9 million |
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Market structure |
fragmentation |
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YoY growth 2024-2025(%) |
6.4 |
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Key countries |
China, US, Japan, India, Australia, Germany, UK, Brazil, France, and Canada |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The knitting and crochet market encompasses a range of products, from hand-crafted items to industrial textiles. Key elements include hand-eye coordination through the use of knitting needles and crochet hooks, as well as knitting looms and machines. Fabrics produced include knitted and crocheted varieties, with active yarn loops forming intricate patterns and designs on delicate table runners, home textiles, and apparel. Sustainable materials, such as natural fibers, recycled fibers, and biodegradable materials, are increasingly popular, alongside digital knitting technologies and DIY culture. The market caters to various industries, from consumer goods and apparel to medical textiles and industrial products. Fast fashion trends continue to influence the market, while intricate patterns and decorative designs remain popular consumer preferences.
The knitting and crochet market falls under the expansive parent industry of global textiles, apparel, accessories, and luxury goods. This market encompasses businesses involved in the production and distribution of knitted and crocheted garments and accessories. Key components of this market include hand-eye coordination tools such as knitting needles and crochet hooks, as well as knitting looms. The market's growth is driven by the increasing working women population, leading to increased disposable income and consumer spending on textiles, apparel, accessories, and luxury goods. The global textiles, apparel, accessories, and luxury goods market size is calculated based on the combined revenues generated by manufacturers and marketers in these sectors. This market excludes footwear manufacturers. The market's expansion is further fueled by the growing trend towards personalized and customized designs, as well as the increasing popularity of sustainable and eco-friendly materials.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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