Circular Knitting Accessory Needles Market Trends: Reginal Size Share Analy

Circular Knitting Accessory Needles Market Revenue was valued at USD 1.2 Billion in 2024 and is estimated to reach USD 1.8 Billion by 2033, growing at a CAGR of 5% from 2026 to 2033.

Circular Knitting Accessory Needles Market Regional Size and Share Analysis

In 2022, the global circular knitting accessory needles market was valued at USD 1.5 billion and is projected to reach USD 2.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2030. North America led the market, contributing approximately 35% to global sales, with a 10% increase in the number of knitters over the past year and a 20% growth in online sales of knitting accessories. Europe followed, with a 12% market growth, driven by a 17% rise in sales of bamboo needles and a 10% increase in ergonomic needle sales. The Asia Pacific region experienced a 15% increase in demand, with countries like China and India emerging as significant markets due to a growing interest in DIY crafts and knitting. The Middle East & Africa, though smaller in market share, witnessed an 8% increase in demand, particularly in South Africa and the UAE, where knitting workshops and crafting events have become more popular. Opportunities in the circular knitting accessory needles market are expanding, driven by increasing consumer interest in DIY crafts and the therapeutic benefits of knitting. The trend towards eco friendly and ergonomic products has led to a 15% surge in demand for personalized and customized needles in North America. In Europe, the focus on sustainability has resulted in a 17% rise in sales of bamboo needles. The Asia Pacific regions growing middle class and urbanization present significant opportunities, with a 15% increase in demand over the past year. Manufacturers can capitalize on these trends by innovating in materials and design, such as developing ergonomic needles that reduce hand fatigue and using sustainable materials like bamboo and recycled plastics. Additionally, the rise of online platforms and social media has increased visibility for knitting enthusiasts, driving both new and seasoned knitters to invest in quality tools.

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Who are the largest manufacturers in the Circular Knitting Accessory Needles Market?

• Organ Needle

• Groz-Beckert

• Samsung Needles

• Shibata Needle Manufacturing

• Morton Machinery Company

By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.

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What are the factors driving the growth of the Global Circular Knitting Accessory Needles Market?

Growing demand for below applications around the world has had a direct impact on the growth of the Global Circular Knitting Accessory Needles Market

By Material Type

• Metal Needles

• Plastic Needles

• Wooden Needles

• Bamboo Needles

• Carbon Fiber Needles

By Needle Size

• Extra Small (US 0 - 3)

• Small (US 4 - 6)

• Medium (US 7 - 9)

• Large (US 10 - 13)

• Extra Large (US 14 and above)

By Type of Circular Knitting Needles

• Fixed Circular Needles

• Interchangeable Circular Needles

• Flexible Circular Needles

• Magic Loop Needles

• Chunky Circular Needles

By Brand

• Addi

• Clover

• Knit Picks

• Boyes

• Pony

By User Experience Level

• Beginner

• Intermediate

• Advanced

• Professional

• Hobbyist

Which regions are leading the Global Circular Knitting Accessory Needles Market?

• US (United States, US and Mexico)

• Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)

• Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

• South America (Brazil, Argentina, Columbia, etc.)

• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Detailed TOC of Global Circular Knitting Accessory Needles Market Research Report, 2024-2032

1. Introduction of the Global Circular Knitting Accessory Needles Market

• Overview of the Market

• Scope of Report

• Assumptions

2. Executive Summary

3. Research Methodology of Verified Market Reports

• Data Mining

• Validation

• Primary Interviews

• List of Data Sources

4. Global Circular Knitting Accessory Needles Market Outlook

• Overview

• Market Dynamics

• Drivers

• Restraints

• Opportunities

• Porters Five Force Model

• Value Chain Analysis

5. Global Circular Knitting Accessory Needles Market, By Type

6. Global Circular Knitting Accessory Needles Market, By Application

7. Global Circular Knitting Accessory Needles Market, By Geography

• US

• Europe

• Asia Pacific

• Rest of the World

8. Global Circular Knitting Accessory Needles Market Competitive Landscape

• Overview

• Company Market Ranking

• Key Development Strategies

9. Company Profiles

10. Appendix

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