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The Knitting And Crochet Market size is forecast to increase by USD 10.69 billion, at a CAGR of 6.4% between 2023 and 2028. The market is experiencing significant growth, driven by initiatives for training and employment opportunities in the textile industry. These programs aim to enhance the skills of artisans and increase the production capacity of small and medium-sized enterprises (SMEs). Additionally, innovations in knitting machines, such as the integration of automation and digitalization, are transforming the production process, leading to improved efficiency and productivity. However, challenges persist, including rising raw material costs, intense competition, and increasing labor costs. To remain competitive, market players must continuously innovate and invest in technology to reduce production costs and improve product quality. Overall, the knitting and crochet market is poised for growth, with opportunities in sustainable and eco-friendly textiles, customization, and the integration of technology into the production process.
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The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The apparel segment is estimated to witness significant growth during the forecast period. The market encompasses the creation and production of various textile items using yarn, knitting needles, and crochet hooks. Both hobbies require exceptional hand-eye coordination, as crafters manipulate fiber through techniques such as knit stitch and single crochet to form active yarn loops. Color and design play significant roles in these crafts, with knitted fabrics offering drape and versatility, while crocheted fabrics create delicate, intricate designs.
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The apparel segment was valued at USD 9.96 billion in 2018. Projects range from garments like sweaters and hats to blankets, table runners, and crochet sock patterns. Knitting looms and machines facilitate mass production, while knitting needles and crochet hooks cater to individual artisans. The difference between knitting and crocheting lies in the method of creating fabric: knitting involves interlocking loops, while crocheting forms fabric through a single loop. Learning the skills required for knitting and crocheting involves acquiring various tools, including patterns and supplies, and mastering techniques. The difficulty level varies, with some projects requiring more counting and fixing mistakes than others. The finished products can be found on platforms like Ravelry, showcasing the creativity and diversity within the knitting and crocheting community.
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APAC is estimated to contribute 57% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market showcases a rich diversity of textile arts, with purl stitches and yarn overs being essential techniques in creating intricate patterns. The cost and availability of these crafts hinge on various factors, including the type of yarn used, the complexity of the pattern, and the level of expertise required. Tension plays a crucial role in ensuring the consistency and texture of the fabric, with proper tension leading to a visually appealing and durable final product. The market caters to a wide range of consumers, from hobbyists seeking to create personal projects to professionals selling their creations in retail stores. The availability of a vast array of yarn types and colors further enhances the appeal of knitting and crochet, making it an enduring and versatile craft.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ABHINANDAN KNITS PVT. LTD. - The company offers Knitting and crochet such as Knitted Fabrics, Warp Knitted Fabrics and others.
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Market structure |
Fragmented |
YoY growth 2023-2024 |
6.2 |
The market is experiencing significant growth, driven by initiatives for training and employment opportunities in the textile industry. These programs aim to enhance the skills of artisans and increase the production capacity of small and medium-sized enterprises (SMEs). Additionally, innovations in knitting machines, such as the integration of automation and digitalization, are transforming the production process, leading to improved efficiency and productivity. However, challenges persist, including rising raw material costs, intense competition, and increasing labor costs. To remain competitive, market players must continuously innovate and invest in technology to reduce production costs and improve product quality. Overall, the market is poised for growth, with opportunities in sustainable and eco-friendly textiles, customization, and the integration of technology into the production process. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Initiatives for training and employment opportunities are notably driving market growth. The market continues to expand, fueled by initiatives that promote handicraft skills and provide economic opportunities. One notable example is the collaboration between Ability Fair Trade Village (AFTV) and the Global Envirotech Initiative (GEI), which launched a transformative training program in Cambodia in September 2024. This program, in partnership with Cambodia Knits (CK), empowers women by teaching them knitting and crocheting techniques. In July and August 2023, 40 women from two villages received scholarships to attend a 16-day training course. Through this program, they learned to work with various fibers, yarns, and tools, including knitting needles, crochet hooks, and knitting looms. Participants honed their skills in creating stitches, such as the knit stitch and single crochet, and mastered techniques like counting and fixing mistakes.
Upon completion of the course, they were able to produce knitted and crocheted fabrics, which can be used to create delicate garments, blankets, table runners, and crochet sock patterns. The finished products showcase the unique drape and texture of these handmade fabrics, making them highly desirable for consumers. The program's success underscores the importance of preserving and promoting these traditional crafts while providing sustainable livelihoods. The learning curve for knitting and crocheting can be steep, but the satisfaction of creating beautiful projects using color and design is a rewarding experience. The global community of knitters and crocheters continues to grow, with online platforms offering a wealth of resources and inspiration for enthusiasts. Thus, such factors are driving the market's growth during the forecast period.
Innovations in knitting machines are the key trend in the market. The market is undergoing substantial growth, fueled by technological innovations and a heightened focus on sustainability. At the recent ITMA exhibition in Milan, Italy, which attracted over 110,000 international attendees in 2023, the industry's dynamic development and inventiveness were on full display. A significant trend in this sector is the adoption of advanced, eco-friendly materials, resulting in the creation of functional textiles for various applications, including fashion, sports, architecture, defense, and healthcare. Robotics and artificial intelligence (AI) are playing a pivotal role in automating knitted textiles, while 3D digitization is revolutionizing supply chains. The early implementation of AI facilitates retooling and efficiency enhancements that were previously unachievable, with autonomous machines broadening their capabilities. Knitting involves using knitting needles and yarn to create active yarn loops, forming knitted fabrics, while crocheting employs crochet hooks and thread to create stitches and crocheted fabrics. Both hobbies require excellent hand-eye coordination, skills, and an array of tools, including knitting looms and machines.
The learning curve for mastering these techniques can be steep, but the satisfaction of completing intricate projects, such as garments, blankets, table runners, and crochet sock patterns, is well worth the effort. The online platform offers a wealth of resources, patterns, and supplies for knitters and crocheters alike. Whether you're a beginner or an experienced crafter, the knitting and crochet market offers endless opportunities for creativity and self-expression. The knit stitch and single crochet are fundamental techniques, but there are numerous variations and combinations to explore. While knitting and crocheting can be challenging at times, with practice and patience, the finished products are a testament to your dedication and craftsmanship. Thus, such trends will shape the market's growth during the forecast period.
Challenges faced by textile industry are the major challenge that affects the growth of the market. The market encompasses various fiber-based textile crafts, including knitting and crocheting, which involve creating fabric from yarn using techniques such as hand-eye coordination and manipulating active yarn loops. Knitting employs the use of knitting needles, while crocheting utilizes crochet hooks. Both crafts offer an array of projects, from garments and blankets to delicate fabrics like table runners and crochet sock patterns. The choice between knitting and crocheting often depends on the desired drape and sustainable fabric texture. Hand-eye coordination, color and design, and fiber selection are essential skills for knitters and crocheters. Knitting machines and knitting looms offer alternatives to manual methods, producing knitted fabrics on a larger scale.
Similarly, crochet thread and crochet hooks create crocheted fabrics. The market offers a vast range of stitches and patterns, with varying degrees of difficulty and learning curves. Supplies, such as yarn, knitting needles, crochet hooks, and patterns, are essential for both hobbies. Online platforms offers a wealth of resources for knitters and crocheters, including patterns, tutorials, and a community of like-minded enthusiasts. The market caters to diverse needs, from beginners to advanced crafters, offering a rich and dynamic industry. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
The market is witnessing significant growth due to the increasing popularity of these crafting techniques as hobbies and the versatility of their finished products. Knitting and crocheting involve working with fiber, such as yarn, to create fabric using techniques like knit stitch and single crochet. Both crafts require hand-eye coordination and the use of tools like knitting needles, crochet hooks, and knitting looms. Yarn is a crucial component, available in various colors and designs, which allows crafters to express their creativity. Knitted fabrics offer drape and versatility, suitable for garments and blankets, while crocheted fabrics provide a delicate texture, ideal for table runners and crochet sock patterns. The difference between knitting and crocheting lies in the active yarn loops and the techniques used.
The learning curve for these crafts can vary, with some finding knitting easier due to the use of needles and the repetitive nature of stitches. Crocheting, on the other hand, may have a steeper learning curve due to the need for counting and fixing mistakes. Despite the challenges, the sense of accomplishment from creating a finished project keeps crafters engaged. Online platforms provide access to a wealth of patterns and supplies, making it easier for enthusiasts to explore and expand their skills. With the vast array of techniques, tools, and materials available, the knitting and crocheting market continues to thrive, offering endless opportunities for creativity and self-expression.
Market Scope |
|
Report Coverage |
Details |
Page number |
205 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.4% |
Market Growth 2024-2028 |
USD 10.69 billion |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 57% |
Key countries |
China, US, Japan, India, Germany, UK, Canada, Mexico, Spain, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aarti International Ltd, ABHINANDAN KNITS PVT. LTD., Contempora Fabrics, KD Fabrics and Apparel, KPR Mill Ltd., Laguna Fabrics Inc., Lenzing AG, Loyal Textile Mills Ltd., Marvel Vinyls Ltd., Pacific Textiles Holdings Ltd., Pine Crest Fabrics Inc., Response Fabrics Pvt. Ltd., RSWM Ltd., Sahni Fabs, Sivaraj Spinning Mills Pvt Ltd., TEEJAY LANKA PLC, The LYCRA Co. LLC, Tintex Textiles, Toray Industries Inc., and W.Ball and Son Ltd. |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, AI impact on market trends, COVID -19 impact and recovery analysis and future consumer dynamics, market condition analysis for the market forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Application
9 Market Segmentation by Distribution Channel
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
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