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Knitted & Crocheted Fabric Manufacturing in the UK - Market Size, Industry Analysis, Trends and Forecasts (2024-2028)

Martha Sofia Garcia Guerrero Martha Sofia Garcia Guerrero London, United Kingdom Last Updated: July 2024 SIC UK-C1391

Revenue

£7.7bn

2024-25

£8.0bn

Past 5-Year Growth

Profit

£XXX.Xm

Employees

66,937

Businesses

3,591

Wages

£XXX.Xm

Knitted & Crocheted Fabric Manufacturing in the UK 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. 

Trends and Insights

  • 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.
  • 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.
  • 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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Top Questions Answered in this Report

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What is the market size of the Knitted & Crocheted Fabric Manufacturing industry in the United Kingdom in 2025?

The market size of the Knitted & Crocheted Fabric Manufacturing industry in the United Kingdom is £7.7bn in 2025.

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

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

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

The market size of the Knitted & Crocheted Fabric Manufacturing industry in the United Kingdom has been declining at a CAGR of 5.9 % between 2019 and 2024.

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

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

What does the Knitted & Crocheted Fabric Manufacturing industry in the United Kingdom include?

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

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

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

Everything you need in one report

  • Reliable market estimates from 2014-2029
  • Competitive analysis, industry segmentation, financial benchmarks
  • Powerful SWOT, Porter’s Five Forces and risk management frameworks
  • Online membership platform with PDF, Word, Excel and PPT exports

Table of Contents

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 the UK 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 the UK 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 bottom 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.

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