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.
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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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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Growing demand for below applications around the world has had a direct impact on the growth of the Global Circular Knitting Accessory Needles Market
Metal Needles
Plastic Needles
Wooden Needles
Bamboo Needles
Carbon Fiber Needles
Extra Small (US 0 - 3)
Small (US 4 - 6)
Medium (US 7 - 9)
Large (US 10 - 13)
Extra Large (US 14 and above)
Fixed Circular Needles
Interchangeable Circular Needles
Flexible Circular Needles
Magic Loop Needles
Chunky Circular Needles
Addi
Clover
Knit Picks
Boyes
Pony
Beginner
Intermediate
Advanced
Professional
Hobbyist
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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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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