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Handicraft Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Oct 01, 2024
Length 80 Pages
SKU # FOB19224276

Description

Handicraft Market



Growth Factors of Handicraft Market

The handicraft market size was valued at USD 1007.07 billion in 2023, and the market is now projected to grow from USD 1107.67 billion in 2024 to USD 2394.32 billion by 2032, exhibiting a CAGR of 10.11% during the forecast period of 2024-2032.

The COVID-19 pandemic extensively impacted the global handicraft industry, affecting manufacturing potential, lockdowns, travel restrictions, and decreased call for hand-crafted products, threatening market boom in 2020.

Tourism interest is driving call for craft gadgets, as vacationers are searching for particular, regionally made gadgets to commemorate their journey reports. Handmade objects like textiles, jewelry, and ceramics are popular alternatives, driving handicraft market growth inside the future.

Home décor is gaining reputation as homeowners and renters invest in personalizing their dwelling spaces. The Do-lt-Yourself (DIY) way of life has boosted call for DIY domestic décor items like hand-crafted wall hangings and customized wood artworks, resulting in marketplace enlargement and a visually attractive and snug surroundings.

Comprehensive Analysis of Handicraft Market

The international market for woodworks, metallic works of art, hand-printed textiles, embroidered items, and imitation rings is predicted to dominate because of their aesthetic enchantment and lengthy-lasting capabilities. The residential phase is anticipated to maintain a major percentage because of domestic décor trends and the call for crafted products. The market is divided into area of expertise stores, unbiased retailers, and online stores. The strong point save section is predicted to lead due to its extensive product selection and excellent services. The online segment is predicted to develop faster due to advantages like hassle-free deliveries and attractive bargain offers. Retail shops are investing in e-retail to make bigger their purchaser base and geographical presence, doubtlessly accelerating the section's growth.

The Asia Pacific region lead the handicraft market share by benefitting a market size of USD 365.56 billion in 2023 due to the growing production of these products in countries like India, China, and Bangladesh.

Governments worldwide are providing financial assistance to small-scale manufacturers through loans, grants, startup costs, and subsidies. They are also investing in infrastructure development to create dedicated craft centers, workshops, studios, and exhibition areas. Key companies like Asian Handicrafts, Fakih Group of Companies, Laizhou Zhonghe Arts & Crafts, Ten Thousand Villages, Minhou Minxing Weaving, India Craft House, Creative Expressions, and others are promoting these initiatives.

Amazon's brand, Amazing Home, has launched a range of home décor and furniture products in June 2023 to provide aesthetic home décor solutions to consumers.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 10.11% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Product
  • Woodworks
  • MetalArtworks
  • Handprinted Textiles & Embroided Goods
  • Imitation Jewelry
  • Others
By End-user
  • Residential
  • Commercial
By Distribution Channel
  • Specialty Stores
  • Independent Stores
  • Online stores
  • Others
By Geography
  • North America (By Product, End-user, Distribution Channel, and Country)
  • U.S.
  • Canada
  • Mexico
  • Europe (By Product, End-user, Distribution Channel, and Country)
  • Germany
  • France
  • Italy
  • Spain
  • U.K.
  • Rest of Europe
  • Asia Pacific (By Product, End-user, Distribution Channel, and Country)
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia Pacific
  • South America (By Product, End-user, Distribution Channel, and Country)
  • Brazil
  • Argentina
  • Rest of South America
  • Middle East & Africa (By Product, End-user, Distribution Channel, and Country)
  • South Africa
  • UAE
  • Rest of ME&A


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Table of Contents

80 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Emerging Trends
4. Key Insights
4.1. Overview of the Parent/Related Markets
4.2. Industry SWOT Analysis
4.3. Supply Chain and Regulatory Analysis
4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
4.5. Qualitative Analysis (In relation to COVID-19)
4.5.1. Impact of COVID-19
4.5.2. Supply Chain Challenges
4.5.3. Potential Opportunities due to COVID-19
5. Global Handicraft Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecast
5.2.1. By Product (Value)
5.2.1.1. Woodworks
5.2.1.2. Metal Artworks
5.2.1.3. Handprinted Textiles & Embroidered Goods
5.2.1.4. Imitation Jewelry
5.2.1.5. Others
5.2.2. By End-user (Value)
5.2.2.1. Residential
5.2.2.2. Commercial
5.2.3. By Distribution Channel (Value)
5.2.3.1. Specialty Stores
5.2.3.2. Independent Retailers
5.2.3.3. Online Stores
5.2.3.4. Others
5.2.4. By Region (Value)
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia Pacific
5.2.4.4. South America
5.2.4.5. Middle East & Africa
6. North America Handicraft Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Product (Value)
6.2.1.1. Woodworks
6.2.1.2. Metal Artworks
6.2.1.3. Handprinted Textiles & Embroidered Goods
6.2.1.4. Imitation Jewelry
6.2.1.5. Others
6.2.2. By End-user (Value)
6.2.2.1. Residential
6.2.2.2. Commercial
6.2.3. By Distribution Channel (Value)
6.2.3.1. Specialty Stores
6.2.3.2. Independent Retailers
6.2.3.3. Online Stores
6.2.3.4. Others
6.2.4. By Country (Value)
6.2.4.1. U.S
6.2.4.2. Canada
6.2.4.3. Mexico
7. Europe Handicraft Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Product (Value)
7.2.1.1. Woodworks
7.2.1.2. Metal Artworks
7.2.1.3. Handprinted Textiles & Embroidered Goods
7.2.1.4. Imitation Jewelry
7.2.1.5. Others
7.2.2. By End-user (Value)
7.2.2.1. Residential
7.2.2.2. Commercial
7.2.3. By Distribution Channel (Value)
7.2.3.1. Specialty Stores
7.2.3.2. Independent Retailers
7.2.3.3. Online Stores
7.2.3.4. Others
7.2.4. By Country (Value)
7.2.4.1. Germany
7.2.4.2. France
7.2.4.3. Italy
7.2.4.4. Spain
7.2.4.5. U.K.
7.2.4.6. Rest of Europe
8. Asia-Pacific Handicraft Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Product (Value)
8.2.1.1. Woodworks
8.2.1.2. Metal Artworks
8.2.1.3. Handprinted Textiles & Embroidered Goods
8.2.1.4. Imitation Jewelry
8.2.1.5. Others
8.2.2. By End-user (Value)
8.2.2.1. Residential
8.2.2.2. Commercial
8.2.3. By Distribution Channel (Value)
8.2.3.1. Specialty Stores
8.2.3.2. Independent Retailers
8.2.3.3. Online Stores
8.2.3.4. Others
8.2.4. By Country (Value)
8.2.4.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.4.4. Australia
8.2.4.5. Rest of Asia-Pacific
9. South America Handicraft Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Product (Value)
9.2.1.1. Woodworks
9.2.1.2. Metal Artworks
9.2.1.3. Handprinted Textiles & Embroidered Goods
9.2.1.4. Imitation Jewelry
9.2.1.5. Others
9.2.2. By End-user (Value)
9.2.2.1. Residential
9.2.2.2. Commercial
9.2.3. By Distribution Channel (Value)
9.2.3.1. Specialty Stores
9.2.3.2. Independent Retailers
9.2.3.3. Online Stores
9.2.3.4. Others
9.2.4. By Country (Value)
9.2.4.1. Brazil
9.2.4.2. Argentina
9.2.4.3. Rest of South America
10. Middle East & Africa Handicraft Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast
10.2.1. By Product (Value)
10.2.1.1. Woodworks
10.2.1.2. Metal Artworks
10.2.1.3. Handprinted Textiles & Embroidered Goods
10.2.1.4. Imitation Jewelry
10.2.1.5. Others
10.2.2. By End-user (Value)
10.2.2.1. Residential
10.2.2.2. Commercial
10.2.3. By Distribution Channel (Value)
10.2.3.1. Specialty Stores
10.2.3.2. Independent Retailers
10.2.3.3. Online Stores
10.2.3.4. Others
10.2.4. By Country (Value)
10.2.4.1. UAE
10.2.4.2. South Africa
10.2.4.3. Rest of Middle East & Africa
11. Competitive Matrix
11.1. Business Strategies Adopted by Leading Players
11.2. Global Handicraft Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2023
12. Company Profiles
12.1. Asian Handicrafts
12.1.1. Overview
12.1.2. Description
12.1.3. Product Portfolio
12.1.4. Financials (Data as available in public domain and/or on paid databases)
12.1.5. Recent Developments
12.2. Fakih Group of Companies
12.2.1. Overview
12.2.2. Description
12.2.3. Product Portfolio
12.2.4. Financials (Data as available in public domain and/or on paid databases)
12.2.5. Recent Developments
12.3. Laizhou Zhonghe Arts&Crafts Co., Ltd.
12.3.1. Overview
12.3.2. Description
12.3.3. Product Portfolio
12.3.4. Financials (Data as available in public domain and/or on paid databases)
12.3.5. Recent Developments
12.4. Ten Thousand Villages.
12.4.1. Overview
12.4.2. Description
12.4.3. Product Portfolio
12.4.4. Financials (Data as available in public domain and/or on paid databases)
12.4.5. Recent Developments
12.5. Minhou Minxing Weaving Co. Ltd.
12.5.1. Overview
12.5.2. Description
12.5.3. Product Portfolio
12.5.4. Financials (Data as available in public domain and/or on paid databases)
12.5.5. Recent Developments
12.6. The India Craft House
12.6.1. Overview
12.6.2. Description
12.6.3. Product Portfolio
12.6.4. Financials (Data as available in public domain and/or on paid databases)
12.6.5. Recent Developments
12.7. Creative Expressions Company
12.7.1. Overview
12.7.2. Description
12.7.3. Product Portfolio
12.7.4. Financials (Data as available in public domain and/or on paid databases)
12.7.5. Recent Developments
12.8. PT. Harmoni Jaya Kreasi
12.8.1. Overview
12.8.2. Description
12.8.3. Product Portfolio
12.8.4. Financials (Data as available in public domain and/or on paid databases)
12.8.5. Recent Developments
12.9. Gangga Sukta
12.9.1. Overview
12.9.2. Description
12.9.3. Product Portfolio
12.9.4. Financials (Data as available in public domain and/or on paid databases)
12.9.5. Recent Developments
12.10. PT Fuzen Decor Bali Ltd.
12.10.1. Overview
12.10.2. Description
12.10.3. Product Portfolio
12.10.4. Financials (Data as available in public domain and/or on paid databases)
12.10.5. Recent Developments
13. Appendix

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