Knitting and Crochet Market Size, Share, Growth, and Industry Analysis, By Type (Clothing, Blanket), Application (18+34 years old, 35-54 years old, 55+ years old), and Regional Insights and Forecast to 2032

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KNITTING AND CROCHET MARKET REPORT OVERVIEW

The global Knitting and Crochet market size was valued at approximately USD 0.2 billion in 2023 and is expected to reach USD 0.29 billion by 2032, growing at a compound annual growth rate (CAGR) of about 4% from 2023 to 2032

The knitting and crochet market is growing constantly due to the increase in hobbycraft, eco-style, individual handmade accessories. A rising popularity for organic yarns and the allow for a variety of tutorial videos online has increase the market related to younger generations. There has been increased accessibility due to increased e-commerce platforms pushing for products and pattern diversification. crafting is headed for sustainability with North America and Europe leading the pace.

COVID-19 IMPACT

How COVID-19 Accelerated the Growth of the Knitting and Crochet Market: Increased Crafting at Home Amid Lockdowns

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

This market was affected by the COVID-19 theme; however, lockdown measures promoted craft product sales and the use of Crochet Need. As people look for a creative way to relax during these tough times, the market for yarns, patterns and other crafting supplies, saw a boost. A new dimension ensued in which people found it necessary to shop online due to compulsory shutdown of physical shops. Increased home office and leisure time was also a factor for participants and novices to continue knitting and crocheting by sustaining market growth beyond the relaxation of restrictive measures.

LATEST TREND

The Shift Towards Eco-Friendly Fibers in the Knitting and Crochet Market

An emerging aspect of this market is the trend towards the application of ecological and natural material such as organic cotton in knitting and crocket and bamboo and recycled yarns. People interested in crafting are focusing on using environmentally friendly materials to limit the impact they make as they indulge in handmade items. Another contemporary knitting/crochet concept also prevails known as mindful crafting where knitting/crochet provides a mental health benefit.

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KNITTING AND CROCHET MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Clothing, Blanket.

• Clothing: ISpeech sentiment analysis is the method of using natural language processing and machine learning to determine and understand the emotional context.

• Blanket: Blanketed segment is indeed popular in this market for its handmade, cozy and customer home décor products.

By Application

Based on type the global market can be categorized into 18+34 years old, 35-54 years old, 55+ years old.

• 18+34 years old: Within this market, the leading application segment comprises differently aged consumers, aged 18-34 YO; young people are eager to use DIY activities to produce clothing.

• 35-54 years old: Section wise, the major application area identified among the global is the age group of 35-54, as more numbers of craft lovers engage in creating gifts, home decors and therapy works.

• 55+ years old: The 55+ age bracket is a busy application segment in knitting and crochet, as most customers knit and crochet for leisure, gifts, and other handmade projects.

DRIVING FACTOR

Growing Interest in DIY Crafting: A Driving Factor in the Knitting and Crochet Sector

Another factor that has also come in to play favourably with the knitting and crochet market is the trend in DIY crafts. With the demand for creative activities especially on the rise are especially popular because they give the individual an opportunity to be creative and also to see the results of their work. Social networks and communities have become valuable sources of stimulation for both the novices and experienced crafters since they demonstrate new patterns and elaborate on participation-stimulating projects.

Sustainable and Eco-Friendly Materials: Influencing Consumer Choices in the Knitting and Crochet Sector

However, one major driving force within this market that cannot be ignored is the taste and trend for green or rather sustainable materials. Customers are getting more sensitive to environment and they try to find natural fiber products like organic cotton, bamboo and recycled yarns. They are reflected in selecting material and products for craft: purchasers are paying attention to sustainability. 

RESTRAINING FACTORS

Challenges of Accessibility: A Restraining Factor in the Knitting and Croche Sector.

Accessibility to sector materials and tools is one of the major contenders to this market in this decade. Although brick-and-mortar stores’ limited stock negatively impacted availability during the ‘90s, not all customers can readily obtain premium yarns, patterns, and knitting equipment over the Internet for free or at low cost whenever they live in rural areas.

OPPORTUNITY

Digital Innovation: An Opportunity for Growth in this Sector

Innovation in digital technology offers a great prospect for market to grow as well. Since the emergence of internet, e-business and social networks, brands are able to cover a large audience via internet sales, social networks and digital marketing. Also, the growing number of mobile applications on knit and crochet patterns, lessons, and communities has expanded new opportunities for communication. 

CHALLENGE

Market Saturation: A Challenge for the Knitting and Croche Industry

The problem affecting this market competition; with the growing market for brands and knit products, it is hard for a particular company to market its products effectively. As more and more people grasp self-constructed activity, the customers are definitely spoiled by choices and hence confused and fatigued. This saturation can cause a lot of rivalry and hence putting pressure on prices as well as margins, which could prove cumbersome to struggling businesses bearing the market competition of well-established brands. 

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KNITTING AND CROCHET SECTOR REGIONAL INSIGHTS

• North America

According to the survey, this industry is well developed in North America due to the large crafting community and the big variety of products and DIY projects. In the US Knitting and Crochet market, it is facilitated by the demand for sustainable materials and materials found on the internet for crafting, and knitting and crocheting as hobbies during the COVID-19 pandemic.

• Europe

This business in Europe is built based on the tradition of textile arts and the increasing trend towards environmentally friendly knitting and crocheting. Most European consumers thus prefer environmentally friendly products, making organic and recycled yarns popular. Local crafting communities and workshops acting as the main source of ongoing collaboration among master knitters contribute to Europe dominating the market.

• Asia

This market in Asia is rapidly expanding because of the younger generations’ desire to make crafts independently and the rediscovery of the textile industry. More localized manufacturers are beginning to appear, especially from rapidly developing countries such as China and India. Besides this, the Asian market of e-commerce is constantly growing, and the choice of materials for creation of craft products is wider; people can try knitting and creating objects using a crochet as hobbies; all this also contributes to the development of the market in the Asian region.

KEY INDUSTRY PLAYERS

Key Industry Players Shaping the Market Through Innovation and Market Expansion

This market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in cloth wardrobes, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List Of  Knitting and Crochet Companies

• Knit-N-Crochet (United States)
• LoveCrafts (United Kingdom)
• Crochet (United States)
• Lion Brand Yarn (United States)

INDUSTRIAL DEVELOPMENT

January 2021: Increase its global market access and diversify its product portfolio, Yarnspirations recently created a web-based Yankee Store for direct consumer sales. The purpose of this program is to offer more choices of yarns and designs as the interest in crafting materials available on the internet increases.

REPORT COVERAGE

This report has focused on the companies that influence future estimates. It entails thorough market research into crucial topics such as market segmentation, opportunities, and industry advances. The study also investigates the trends, growth patterns, market size, share, and potential restrictions, offering a full picture of the current situation.

This Research provides information related to market development, such as changes taking place among the important players and altering dynamics. This guarantees that the report is authenticated and provides useful insights into both current and future trends.