NEW YORK, Feb. 7, 2025 /PRNewswire/ -- Report with the AI impact on market trends - The global knitting and crochet market size is estimated to grow by USD 10.69 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  6.4%  during the forecast period. Initiatives for training and employment opportunities is driving market growth, with a trend towards innovations in knitting machines. However, challenges faced by textile industry  poses a challenge. Key market players include 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..

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Market Driver

The Knitting and Crocheting market is thriving in demand for yarn, knitting needles, crochet hooks, and related supplies. Trends include intricate stitch work, hand-eye coordination, and exploration of color and design in knitted and crocheted fabrics. Fiber types and techniques vary, from active yarn loops in knitting to crochet thread and stitches. Knitted fabrics offer drape and versatility for garments, while crocheted fabrics create delicate textures for blankets, table runners, and crochet sock patterns. The difference between knitting and crocheting lies in techniques, with knitting using active yarn loops and crocheting using a hook to create stitches. Learning these skills comes with a manageable difficulty and a satisfying learning curve. Ravelry, an online platform, offers a wealth of patterns and supplies for both hobbies. Cost and availability of supplies, such as yarn, knitting needles, crochet hooks, and knitting looms or machines, influence the market. Techniques like single crochet, knit stitch, and purl stitch require practice and patience, but the finished product is a testament to one's creativity and craftsmanship. 

The global knitting and crochet market is witnessing notable progress, fueled by technological innovations and a heightened emphasis on sustainability. At the recent ITMA event in Milan, Italy, over 110,000 international attendees gathered, showcasing the industry's growth and continuous evolution. A significant trend in this sector is the adoption of advanced, eco-friendly materials, leading to the production of technical textiles with a wide range of functionalities in fashion, sports, architecture, defense, and healthcare. Robotics and artificial intelligence (AI) are essential tools in automating knitted textiles, while 3D digitization is revolutionizing supply chains. The early integration of AI facilitates retooling and efficiency enhancements, enabling autonomous machines to expand their capabilities. 

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 Market Challenges

• The Knitting and Crochet market encompasses the creation and sale of knitted and crocheted projects using yarn, fiber, and various tools. Challenges in this industry include mastering hand-eye coordination for intricate stitching, selecting the right color and design, and understanding techniques such as knitting needles, crochet hooks, knitting looms, and knitting machines. Supplies like yarn, stitches, and active yarn loops are essential, with differences between knitted and crocheted fabrics impacting drape and garment types. Learning curves and difficulty levels vary for beginners, with resources like Ravelry offering patterns and supplies. Cost and availability of tools, fibers, and finished products are key factors in this hobby-turned-business. Skills in single crochet, knit stitch, purl stitch, and more advanced techniques are necessary for creating high-quality projects. Counting stitches and fixing mistakes are common challenges, but the satisfaction of completing a project makes it all worthwhile.
• The textile industry, a major contributor to the global knitting and crochet market, faces significant challenges in Bangladesh, a significant player in the ready-made garment sector. Political instability has negatively impacted the economy, particularly affecting the 85% of informal workers in the industry. In 2024, Dhaka's real GDP growth slowed to 4.8%, with a current account deficit of 0.8% of GDP, projected to decline further to 2.7% in 2025, according to the International Monetary Fund. The textile industry, which accounts for 80% of Bangladesh's exports and 15% of its GDP, is crucial yet vulnerable to these economic fluctuations.

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Segment Overview 

This knitting and crochet market report extensively covers market segmentation by  

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

1.1 Apparel-  The global knitting and crochet market's apparel segment offers a wide selection of top-notch garments for men, women, and children. These garments are manufactured using various materials, including 100% conventional and organic cotton, cotton blends, and fair-trade cotton. The segment includes categories such as casual wear, sportswear, activewear, sleepwear, and workwear, each designed to address specific consumer requirements. Recently, The Lycra Company, a major player in the apparel and personal care industries, underwent a full equity acquisition by a consortium of financial institutions. This transition allows Lycra to concentrate on sustainable solutions, foster strategic technology partnerships, and develop innovative materials. Additionally, the company is dedicated to digital transformation initiatives aimed at improving operational efficiencies and customer engagement. Consumer demand for sustainable and ethically produced garments is driving the apparel segment's growth. Consumers are increasingly aware of the environmental and social impacts of their purchases, leading to a preference for garments made from organic and fair-trade materials. Innovations in fiber and technology solutions, such as those offered by Lycra, are essential in meeting these evolving consumer expectations and maintaining a competitive edge in the market. Furthermore, the integration of digital technologies streamlines production processes and enhances the overall consumer experience.

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Research Analysis

Discover the captivating world of knitting and crocheting, two beloved hobbies that offer endless creative possibilities. With yarn as your canvas, unleash your imagination through various projects, from intricate stitch patterns to cozy garments and home decor. These crafts not only hone hand-eye coordination but also allow for self-expression through color and design. Fiber choices range from wool and cotton to silk and linen, each with unique textures and characteristics. Master essential techniques using knitting needles and crochet hooks, or explore alternative tools like knitting looms and machines. Transform your creations into knitted fabrics, which can be soft and drapey or sturdy and textured, or into crocheted fabrics that showcase delicate stitches and active yarn loops. Create garments, blankets, table runners, and more, each with its own distinct drape and charm. Whether you're a beginner or an experienced crafter, knitting and crocheting offer endless opportunities to learn new skills and explore the beauty of fiber arts.

Market Research Overview

Discover the captivating world of knitting and crocheting, two beloved hobbies that offer endless creative possibilities. These crafting techniques allow you to transform humble yarn into beautiful projects, from intricate stitch patterns to cozy garments and home décor. Hand-eye coordination plays a crucial role in knitting and crocheting, as you manipulate fiber, fiber types, and colors to bring your designs to life. Explore various techniques, such as knitting with needles and crocheting with hooks, and learn the differences between active yarn loops and fabric structures like knitted and crocheted fabrics. Drape, texture, and cost are essential factors when selecting yarns and patterns. Mastering these skills requires patience and dedication, with a learning curve that can be both challenging and rewarding. Tools like knitting looms, knitting machines, and crochet hooks are essential for creating intricate stitches and achieving the desired tension. Connect with a global community of knitters and crocheters on Ravelry, where you can find patterns, supplies, and inspiration for your next project. From single crochet and knit stitches to purl stitches and yarn overs, there's a wealth of knowledge and resources available to help you grow as a crafter. Embrace the joy of knitting and crocheting, and let your creativity shine through in every project. Whether you're making a delicate garment or a cozy blanket, the finished product is a testament to your dedication and skill.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

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

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio