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Knitted & Crocheted Fabric Manufacturing in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 1391 July 2024 Spotlight Report

Revenue

€7.7bn

2019-2024 8.8 %
2024-2029 X.X %

Employees

66,937

2019-2024 2.1 %
2024-2029 X.X %

Businesses

3,591

2019-2024 0.2 %
2024-2029 X.X %

Wages

€XXX.Xm

2019-2024 X.X %
2024-2029 X.X %

Knitted & Crocheted Fabric Manufacturing in Europe industry analysis

Europe's Knitted and Crocheted Fabric Manufacturing industry is seeing dynamic changes in the face of new consumer trends and disruptive technologies, with sustainability becoming the industry norm. Dynamic economies like France, Italy and Spain are leading this transformation and making impressive strides in what's becoming a more earth-conscious, fashion-forward industry. However, volatile consumer sentiment has caused many downstream producers to spend more cautiously, exacerbating the uptake of cheap imports. Industry revenue is expected to drop at a compound annual rate of 8.8% over the five years through 2024 to €7.7 billion – including an estimated slump of 3.1% in the current year.

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  • Market estimates from 2014-2029
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Industry Statistics and Trends

Knitted & Crocheted Fabric Manufacturing in Europe key trends

Sustainability is transforming the textile industry.

 

Demand for eco-friendly practices among consumers and tighter regulations in France and Italy incite producers to adopt organic materials, recycling and waste reduction techniques.

High-end, artisanal fabrics are in high demand.

 

This shift towards premium designer wear is not only influencing new style trends but also significantly enhancing the profitability of the textile and fashion industry.

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Knitted & Crocheted Fabric Manufacturing in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Knitted & Crocheted Fabric Manufacturing in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 8.8 % over the past five years, to reach an estimated €7.7bn in 2024.

Trends and Insights

Technological advancements reshape knitted and crocheted fabric manufacturing processes

  • Italy, Germany, France and Spain are developing technologies to address sustainability. Their focus is reducing manufacturing waste, conserving energy and water and producing knitted and crocheted fabrics from recycled and bio-based fibres.

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Knitted & Crocheted Fabric Manufacturing in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

High-end artisanal fabrics will drive a profitable niche market in the industry

  • The rising interest in high-end, artisanal fabrics in regions like Italy and France will cater to a profitable niche market that values quality and craftsmanship and will drive higher profit despite smaller production volumes.

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Revenue

€7.7bn

2019-2024 8.8 %
2024-2029 X.X %

Employees

66,937

2019-2024 2.1 %
2024-2029 X.X %

Wages

€XXX.Xm

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 2.1 % *
  • Job Growth

Top 5 Countries

  1. Poland +12.9%
  2. Spain +4.6%
  3. Italy +4.6%
  4. Serbia +3.3%
  5. Slovenia +2.6%

Bottom 5 Countries

  1. Greece -12.5%
  2. Hungary -10.1%
  3. Romania -8.8%
  4. Croatia -8.6%
  5. Denmark -8.1%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Knitted & Crocheted Fabric Manufacturing in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Miroglio SpA
550.1
54.0
9.8
Sudwolle Group
499.1
46.7
9.3
Manifattura Valcismon SpA
134.2
12.6
9.4

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Knitted & Crocheted Fabric Manufacturing in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Knitted & Crocheted Fabric Manufacturing industry in Europe in 2024?

The market size of the Knitted & Crocheted Fabric Manufacturing industry in Europe is €7.7bn in 2024.

How many businesses are there in the Knitted & Crocheted Fabric Manufacturing in Europe industry in 2024?

There are 3,591 businesses in the Knitted & Crocheted Fabric Manufacturing industry in Europe, which has declined at a CAGR of 0.2 % between 2019 and 2024.

Has the Knitted & Crocheted Fabric Manufacturing industry in Europe grown or declined over the past 5 years?

The market size of the Knitted & Crocheted Fabric Manufacturing industry in Europe has been declining at a CAGR of 8.8 % between 2019 and 2024.

What is the forecast growth of the Knitted & Crocheted Fabric Manufacturing industry in Europe over the next 5 years?

Over the next five years, the Knitted & Crocheted Fabric Manufacturing industry in Europe is expected to grow.

What does the Knitted & Crocheted Fabric Manufacturing in Europe include?

Knitted and crocheted wool fabric and Knitted and crocheted hair and cashmere fabric are part of the Knitted & Crocheted Fabric Manufacturing industry.

Which countries have the most businesses in the Knitted & Crocheted Fabric Manufacturing industry in Europe?

The European country with the most businesses in the Knitted & Crocheted Fabric Manufacturing industry is Turkey.

How competitive is the Knitted & Crocheted Fabric Manufacturing industry in Europe?

The level of competition is high and increasing in the Knitted & Crocheted Fabric Manufacturing industry in Europe.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Companies in this industry primarily manufacture knitted and crocheted fabrics, using various yarns and techniques in the production processes.

Related Terms

Gauge Pilling Yarn Count

What's included in this industry?

Knitted and crocheted wool fabric Knitted and crocheted hair and cashmere fabric Knitted and crocheted fine animal hair fabric Knitted and crocheted cotton fabric Knitted and crocheted man-made fibre fabric Knitted and crocheted other fabric

Companies

Miroglio SpASudwolle GroupManifattura Valcismon SpA

Industry Code

ISIC 2006

1391 - Manufacture of knitted and crocheted fabrics in Europe

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Performance

Key Takeaways

Technological advancements reshape knitted and crocheted fabric manufacturing processes

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Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Knitted & Crocheted Fabric Manufacturing in Europe industry (2011 -2029)
  • Employees in the Knitted & Crocheted Fabric Manufacturing in Europe industry (2011 -2029)
  • Business in the Knitted & Crocheted Fabric Manufacturing in Europe industry (2011 -2029)
  • Profit in the Knitted & Crocheted Fabric Manufacturing in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Knitted & Crocheted Fabric Manufacturing in Europe industry?


Outlook

Analysis

What's driving the Knitted & Crocheted Fabric Manufacturing in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Knitted & Crocheted Fabric Manufacturing in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Knitted & Crocheted Fabric Manufacturing in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Knitting fabrics significantly contribute to the growth of the textile industry. Manufacturers constantly innovate to minimise environmentally detrimental processes, catering to consumer demand for organic fabrics.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Knitted & Crocheted Fabric Manufacturing in Europe industry's products and services performing?

Analysis

What are innovations in the Knitted & Crocheted Fabric Manufacturing in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Knitted & Crocheted Fabric Manufacturing in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Exporter
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

High import penetration weakens concentration. The substantial influx of fabric from China is diminishing the market share of European manufacturers because of its competitive pricing.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for Miroglio SpA
  • Countries of operation for Sudwolle Group
  • Countries of operation for Manifattura Valcismon SpA
  • Countries of operation for Polontex SA
  • Countries of operation for Dollfus-Mieg & Compagnie
  • Countries of operation for Maglificio Ripa SRL
  • Countries of operation for Baltex
  • Countries of operation for TINTEX Textiles
  • Countries of operation for Georg+Otto Friedrich GmbH
  • Countries of operation for Bosforus Textile

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

The European Knitted and Crocheted Fabric industry is highly regulated. Regulations focus on environmental safety, waste management, use of chemicals and fair labour practices, ensuring consumer safety and environmental sustainability.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Knitted & Crocheted Fabric Manufacturing in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Sustainability in the industry enhances profitability. Manufacturers attract eco-conscious consumers by employing green technologies and materials, resulting in better profit and stronger brand loyalty.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Knitted & Crocheted Fabric Manufacturing in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.