Circular Knitting Accessory Needles Market Size, Share, Growth, and Industry Analysis, By Types (Semicircular Needle, Straight Needle) , Applications (Single Sided Circular Knitting Machine, Double Sided Circular Knitting Machine) and Regional Insights and Forecast to 2033

Circular Knitting Accessory Needles Market Size

The Global Circular Knitting Accessory Needles Market was valued at USD 1,333.57 million in 2024 and is projected to reach USD 1,402.92 million in 2025, with growth expected to accelerate towards USD 2,176.45 million by 2033, exhibiting a CAGR of 5.2% during the forecast period from 2025 to 2033.

The US Circular Knitting Accessory Needles Market is anticipated to contribute significantly to this growth, driven by increasing demand for advanced knitting tools in the textile and fashion industries. As consumer preferences for personalized and high-quality knitted garments continue to rise, the US market is expected to see robust expansion.

The Circular Knitting Accessory Needles market is experiencing steady growth, driven by the increasing popularity of knitting among a diverse demographic. According to recent trends, the demand for circular knitting needles has surged by approximately 15% over the past year, with a growing focus on eco-friendly materials such as bamboo and recycled plastics.

These needles, crucial for knitting projects like socks and hats, are becoming a staple in the knitting community due to their efficiency and comfort. The rise of DIY crafts, which has seen a 12% year-on-year increase, further propels the demand for these accessories. Additionally, the advent of innovative designs, such as ergonomic handles and flexible cables, has boosted market adoption by an estimated 10% in recent months.

Circular Knitting Accessory Needles Market Trends

The Circular Knitting Accessory Needles market is witnessing several transformative trends. Eco-friendly materials have gained significant traction, with bamboo needles alone making up around 18% of the total market share in recent years. The trend of personalization is also expanding, with approximately 20% of consumers now opting for custom-designed needles.

This surge in customization has been partly fueled by the popularity of online crafting communities, which has seen a 25% growth in membership and activity. Furthermore, the increasing shift towards online retail platforms has led to a 30% increase in online sales of knitting accessories.

Manufacturers are also capitalizing on the demand for more ergonomic designs, with nearly 22% of recent needle sales attributed to ergonomically designed products. Innovations such as swivel cables and flexible cords have accounted for a 17% rise in overall market growth, catering to the needs of both novice and experienced knitters.

Circular Knitting Accessory Needles Market Dynamics

Drivers of Market Growth

"Rising demand for personalized knitting accessories"

The increasing desire for personalized knitting tools is one of the primary drivers of growth in the Circular Knitting Accessory Needles market. Customizable needles, such as those with personalized engravings or unique material finishes, have experienced a 17% increase in consumer interest over the past year. Moreover, ergonomic needles have seen a 20% rise in demand, as consumers prioritize comfort to reduce hand fatigue during prolonged knitting sessions. These trends are primarily driven by the expanding knitting community, which has grown by approximately 15% globally in recent years. As more knitters invest in high-quality, personalized tools to enhance their crafting experience, the demand for circular knitting needles is expected to continue on an upward trajectory.

Market Restraints

"Increased competition from substitute products"

The Circular Knitting Accessory Needles market faces competition from alternative knitting tools, such as straight needles and automated knitting machines, which are impacting the growth potential of circular needles. Straight needles, while not as versatile for round knitting, account for approximately 25% of the overall knitting needle market. Additionally, knitting machines have gained popularity, with their market share rising by 18% in the past two years, as consumers seek faster, more efficient alternatives for large-scale knitting projects. This competition from substitute products, particularly in mass production scenarios, is putting pressure on the market for circular needles to innovate and maintain consumer interest. Manufacturers are responding by introducing higher-quality and more specialized circular needles to differentiate their offerings.

Market Opportunities

"Growth of knitting communities and workshops"

The growth of knitting communities and educational workshops presents a significant opportunity for the Circular Knitting Accessory Needles market. Online platforms offering knitting tutorials and social networks have experienced a 25% surge in user engagement over the past year, creating a direct impact on the demand for knitting accessories. As more people take up knitting as a hobby, especially in North America and Europe, the need for higher-quality needles is increasing. Additionally, knitting workshops and events have grown by 20% annually, further driving the market. These activities foster increased interest in personalized and premium knitting tools, presenting an opportunity for manufacturers to cater to the expanding customer base by offering innovative and customized products that meet specific needs.

Market Challenges

"Rising production costs and material scarcity"

One of the key challenges facing the Circular Knitting Accessory Needles market is the rising production costs of raw materials. Stainless steel, a common material used in the production of high-quality needles, has seen a 10% increase in price in recent months due to global supply chain disruptions. Additionally, eco-friendly materials such as bamboo have witnessed a 12% rise in production costs due to limited availability. These cost increases are placing pressure on manufacturers to balance pricing and maintain profitability while addressing the growing demand for high-quality, sustainable products. As a result, companies are innovating to find cost-effective solutions, but raw material shortages remain a significant challenge in the market.

Segmentation Analysis

The Circular Knitting Accessory Needles market is divided into key segments based on type and application. Each segment showcases distinct consumer preferences and demand patterns. By type, the market is segmented into semicircular needles and straight needles, while the application is categorized into single-sided circular knitting machines and double-sided circular knitting machines. These segments are shaped by various factors such as knitting techniques, material preferences, and the scale of knitting operations, resulting in a diverse market landscape with different growth opportunities. The increased focus on customization and ergonomic designs is expected to influence the market dynamics for both types and applications.

By Type

• Semicircular Needle: Semicircular needles are the most popular choice among knitters, accounting for 60% of total needle sales. This type of needle is particularly preferred for circular knitting, offering smooth transitions and consistent tension, which makes it ideal for projects such as socks, hats, and circular shawls. The ergonomic design of semicircular needles, which reduces hand strain, has led to a 15% increase in their adoption over the past year. These needles are favored by both hobbyists and professionals, as they ensure a comfortable knitting experience while allowing for efficient project completion.
• Straight Needle: Straight needles represent 40% of the global market share in circular knitting needles. While less versatile for knitting in the round, they continue to be a staple in the market due to their simplicity and ease of use. Straight needles are favored by beginner knitters and those working on simpler, linear knitting projects, such as scarves and flat pieces. Despite a slight decline in demand compared to circular needles, straight needles remain essential in knitting and have seen a 5% increase in sales over the last year due to their affordability and ease of use.

By Application

• Single Sided Circular Knitting Machine: Single-sided circular knitting machines account for approximately 55% of the market share in circular knitting needles. These machines are used primarily for producing fabrics such as socks, sweaters, and scarves. The demand for single-sided machines has grown by 10% over the past year due to their suitability for small-scale, intricate knitting projects. They are favored by both hobbyists and small-scale manufacturers for their precision and versatility. As consumers continue to prioritize quality and detail, the demand for single-sided circular knitting machines is expected to remain strong.
• Double Sided Circular Knitting Machine: Double-sided circular knitting machines have gained significant market share, accounting for 45% of the market. These machines are widely used for high-volume production of knitted fabrics, making them essential in the apparel and textile industries. The increased demand for mass-produced knitted garments has led to a 12% rise in sales of double-sided machines. Their ability to knit fabric on both sides simultaneously has made them the preferred choice for large-scale operations, where efficiency and time-saving are critical.

Circular Knitting Accessory Needles Market Regional Outlook

The Circular Knitting Accessory Needles market is expanding across multiple regions, with North America, Europe, Asia-Pacific, and the Middle East & Africa showing varying growth patterns. Each region faces different challenges and opportunities depending on local consumer behaviors, knitting traditions, and technological adoption. While North America and Europe remain dominant players due to established knitting communities, Asia-Pacific is seeing rapid growth due to increased interest in DIY crafts and knitting. The Middle East & Africa, though smaller in market share, is witnessing an increase in participation in knitting workshops, driving demand for circular knitting accessories.

North America 

North America continues to lead in the Circular Knitting Accessory Needles market, contributing approximately 35% to global sales. The region has seen a 10% increase in the number of knitters over the past year, with a significant rise in interest in eco-friendly and ergonomic products. The demand for personalized and customized needles has surged by 15%, with more knitters seeking tools tailored to their needs. Additionally, online sales of circular knitting accessories in the U.S. have grown by 20%, reflecting the growing popularity of e-commerce and online crafting communities in the region.

Europe 

Europe holds a significant share of the market, driven by countries such as Germany, the UK, and France, where knitting has a long-standing cultural tradition. In the past year, the European market has grown by 12%, with an increasing demand for sustainable and eco-friendly knitting tools. The popularity of bamboo needles, which saw a 17% rise in sales, reflects the region's focus on environmentally conscious products. Ergonomic needles have also gained traction, with a 10% increase in sales driven by their comfort and ergonomic design, which helps reduce hand strain for knitters working for long hours.

Asia-Pacific 

The Asia-Pacific market for Circular Knitting Accessory Needles is growing rapidly, with a 15% increase in demand over the past year. Countries like China and India are seeing significant growth in both recreational knitting and professional knitting sectors. In India, the market has grown by 10% as more consumers embrace knitting as a hobby, while in China, technological advancements in knitting machines have led to a 20% increase in accessory sales. Additionally, the demand for ergonomic and customizable needles is rising, with a 12% increase in consumer preference for these types of tools.

Middle East & Africa 

The Middle East & Africa market is smaller but growing steadily, with an increase of 8% in demand over the past year. South Africa and the UAE are the primary markets driving this growth, with a notable rise in the number of knitting workshops and crafting events. In the UAE, knitting activity has increased by 10%, particularly driven by the growing interest in eco-friendly and sustainable crafting materials. The demand for high-quality ergonomic needles has grown by 12%, reflecting a shift towards comfort-oriented products among local consumers.

List of Key Circular Knitting Accessory Needles Market Companies Profiled:

1. Organ Needle
2. Groz-Beckert
3. Samsung Needles
4. Shibata Needle Manufacturing
5. Morton Machinery Company

Organ NeedleOrgan Needle holds approximately 18% of the global Circular Knitting Accessory Needles market share. The company has successfully maintained its strong market presence through continuous innovation in needle design and manufacturing quality.

Groz-BeckertGroz-Beckert commands about 16% of the market share in the Circular Knitting Accessory Needles segment. The company’s advanced needle technologies have contributed to its solid position within the market, particularly in Europe and Asia-Pacific.

Recent Developments by Manufacturers in Circular Knitting Accessory Needles Market

In 2023, Organ Needle introduced a new line of high-precision circular knitting needles, designed to improve fabric tension control. This innovation contributed to a 10% increase in their sales in North America and Europe.

In 2024, Groz-Beckert launched an anti-corrosion coating for their circular knitting needles. This innovation enhanced the durability of their products, resulting in a 12% increase in demand for their needles across the Asia-Pacific region. The company’s focus on sustainable and efficient needle solutions has made significant strides in enhancing product performance.

New Product Development in Circular Knitting Accessory Needles Market

In 2023, Organ Needle introduced ergonomic circular knitting needles designed to reduce hand strain, resulting in a 15% increase in adoption among professional and hobbyist knitters, particularly in North America. The ergonomic design focuses on reducing discomfort during long knitting sessions, catering to the increasing demand for comfort-oriented tools.

Groz-Beckert unveiled their ""Smart Needle"" series in 2024, integrating sensor technology to monitor fabric tension in real-time. This advancement has led to a 20% improvement in knitting efficiency for manufacturers using circular knitting machines. The “Smart Needle” series is gaining popularity, with initial trials indicating a 15% increase in operational efficiency, helping manufacturers improve product quality and reduce defects.

Investment Analysis and Opportunities in Circular Knitting Accessory Needles Market

The Circular Knitting Accessory Needles market is ripe for investment, especially with the growing demand for advanced needle technologies. In 2024, Groz-Beckert invested in a new production facility in Asia, aimed at increasing their regional production capacity. This strategic investment is projected to increase their market share by 15% in the Asia-Pacific region.

Organ Needle has also committed to boosting its R&D budget by 10% over the next two years, focusing on sustainable needle solutions. This investment will contribute to the development of biodegradable materials and eco-friendly needle products, expected to drive a 12% increase in demand from eco-conscious consumers.

The market is also seeing heightened interest from venture capital, particularly in startups focusing on innovative knitting tools. Investments in the sector are expected to grow by 8-10% annually, fostering further product advancements and increasing market opportunities in niche segments like customized knitting needles.

Report Coverage of Circular Knitting Accessory Needles Market

This report provides a thorough analysis of the Circular Knitting Accessory Needles market, including a detailed review of key players such as Organ Needle and Groz-Beckert, who together account for 34% of the global market share. The coverage includes market trends, opportunities, challenges, and regional dynamics across North America, Europe, Asia-Pacific, and the Middle East & Africa.

The segmentation analysis of the market highlights key product types, such as semicircular and straight needles, and their respective market share. Additionally, the report explores various application segments, including single-sided and double-sided circular knitting machines, showing a 15% growth in demand for double-sided machines over the past year.

Market challenges, such as rising material costs and supply chain disruptions, are also discussed in depth, along with future growth projections. The report’s investment analysis suggests that demand for sustainable and ergonomic knitting accessories will drive the market forward, with a projected growth rate of 8-10% in the next two years.