Quadintel published a recovery-based report for Global “Needlecraft Patterns Market” that provides crucial details on company opportunities, growth plans, trends, innovations, the competitive landscape in 2022, and the geographic outlook. Based on relevant market and regional segmentation, a thorough assessment of this worldwide market includes the historical analysis of this market (from 2023 to 2030) and develops reliable and approximative timeline estimations up to 2030.
Get a complete report on Global Needlecraft Patterns Market’ (Including Full TOC, 100+ Tables & Figures, and charts). –Covers Precise Information on Pre & Post COVID-19 Market Outbreak by Region.
Global Needlecraft Patterns Market is valued approximately USD $$ billion in 2020 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023 to 2030.
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In Needlecraft Patterns instead of stitching the fabric, punch needle is used to stitch thread or yarn into the fabric, while keeping the needle on the surface. The punch needlecraft embroidery results in textured design made of loops. Growing creative manufacturing and handmade (CMH) sector and rising cross border e-commerce are key drivers for the growth of Needlecraft Patterns market. For instance, according to a recent article of World Economic Forum (WEF)- as of 2021 creative manufacturing and handmade (CMH) sector has revenue of more than USD 500 billion and global CMH sector is estimated to grow by 20% per year to reach to USD 1 trillion by the year 2024. Also, as per global database management company Statista- in the year 2019 the value of the B2C cross-border e-commerce market in EU was estimated at USD 164.8 billion and by the year 2022 the cross-border e-commerce market is estimated to reach to USD 248.5 billion. Also, with the increasing demand for handicrafts and growing penetration of online sales, the adoption & demand for Needlecraft Patterns is likely to increase the market growth during the forecast period. However, negative impact of covid 19 on end use industries impede the growth of the market over the forecast period of 2021-2027.
The key regions considered for the global Needlecraft Patterns market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to increasing demand for home decor with handicraft in the region. Whereas Europe is anticipated to exhibit highest growth rate / CAGR over the forecast period 2021-2027. Factors such as growing cross border e-commerce and increasing demand in fashion industry, there is a growing demand for handicrafts which would create lucrative growth prospects for the Needlecraft Patterns market across Europe region.
Major market player included in this report are:
- DMC Group
- Needle in A Haystack
- Ningbo Yinzhou Xindew Textile Co.Ltd.
- Hobbycraft Trading Ltd.
- MyStitchWorld
- Red Gate Stitchery
- Stitched Modern
- Mary Maxim Company
- Butterick Patterns
- Jalie Patterns
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Crocheting
Bead Embroidery
Hand Embroidery
Knitting
Needlepoint
Other
By Technology:
Hand-Made/Hand-Stitched
Sewing Machine
By Sales Channel:
Offline
Online
By End Use Industries:
Residential
Commercial
Industrial
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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