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Global Handicrafts Market 2015-2019

Global Handicrafts Market 2015-2019

Market overview of handicrafts

Technavios market research analyst predicts the global handicrafts market to grow at a tremendous rate of 12 % during the forecast period. The small initial investment required such as the setup cost, labor, raw material, and transportation cost is the primary driver for the growth of this market. The handicrafts industry is also an important source of foreign exchange and has immense export potential.

The growth in international and domestic tourism is also expected to boost the growth of the market during the forecast period. For instance, Japans government has introduced several campaigns to increase the country's tourism. The resultant rise in the number of tourists has led to an increase in the sales of handicraft items in Japan. The rise in tourism has fuelled the demand for cultural goods, uncommon souvenirs, and indigenous art.

Product segmentation and analysis of the handicrafts market

Woodware
Artmetal ware
Handprinted textile and scarves
Embroidered and crocheted goods
Zari and zari goods
Imitation jewellery
Woodware handicrafts accounted for 34% of the market share during 2014. China and Nepal are known for their attractive architecture made up of carved wooden struts while Thailand is the key manufacturer of lacquerware, made up of wood or woven bamboo. The African region is also popular for its wood carving and sculptures with Kenya being the key revenue contributing country.

Geographical segmentation and analysis of the global handicrafts market

Americas
APAC
Europe
MEA
The Americas dominated the handicrafts market during 2014 with a market share of 38%. The US is the largest revenue contributor in this region. The high demand for home accessories, jewelry, and other fashion accessories such as handbags and belts is driving the market growth in this region.

Competitive landscape and key vendors

The global handicrafts market is highly fragmented due to the presence of several small and medium providers. Handicrafts is a dynamic industry, and its development is underpinned by factors such as economic conditions, technology, skilled workforce, and innovative use of raw materials.

The leading vendors in the market are

Asian Handicrafts
Fakih
Handicrafts and Handlooms Exports
Minhou Minxing Weaving
NGOC Dong Ha Nam
Oriental Handicrafts
Other vendors in the market include Creative Divya, Global Model Art Design, Himalayan Asian Handicrafts, Native Crafts and Arts, Nepal Handicraft Product, OSM Handicraft, RT Crafts, S. Sundaravadivel and Company, Sana Hastakala, Shandong Laizhou Arts and Crafts, Ten Thousand Villages, The Handicrafts Gallery, and Zhejiang Ocean Handicrafts.

Key questions answered in the report include

What will the market size and the growth rate be in 2019
What are the key factors driving the global handicrafts market
What are the key market trends impacting the growth of the global handicrafts market
What are the challenges to market growth
Who are the key vendors in the handicrafts market
What are the market opportunities and threats faced by the vendors in the handicrafts market
Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA
What are the key outcomes of the five forces analysis of the global handicrafts market
Technavio also offers customization on reports based on specific client requirement.

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Press Release

Technavio Announces the Publication of its Research Report Global Handicrafts Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Handicrafts Market: Asian Handicrafts, Fakih, Handicrafts and Handlooms Exports, Minhou Minxing Weaving, NGOC Dong Ha Nam and Oriental Handicrafts
Other Prominent Vendors in the market are: Creative Divya, Global Model Art Design, Himalayan Asian Handicrafts, Native Crafts and Arts, Nepal Handicraft Product, OSM Handicraft, RT Crafts, S. Sundaravadivel and Company, Sana Hastakala, Shandong Laizhou Arts and Crafts, Ten Thousand Villages, The Handicrafts Gallery, and Zhejiang Ocean Handicrafts.
Commenting on the report, an analyst from Technavios team said: Several trends are emerging that are expected to exert a positive influence on the market during the forecast period. One such trend is the rise in online retailing, which offers customers competitive prices and convenience. The demand for unique products that symbolize, in the purchaser's mind, a community or culture will propel market growth.
According to the report, several factors drive the growth of the global handicrafts market. The main factor is the low startup, labor, raw material, and transportation costs. Another key factor is the rise in tourism, leading to increased demand for cultural goods, uncommon souvenirs, and indigenous art.
Further, the report states that the growth of the market faces particular challenges. One such challenge is the highly fragmented and unorganized nature of the market, which restrict manufacturers from achieving economies of scale.

Companies Mentioned

Asian Handicrafts, Fakih, Handicrafts and Handlooms Exports, Minhou Minxing Weaving, NGOC Dong Ha Nam, Oriental Handicrafts, Creative Divya, Global Model Art Design, Himalayan Asian Handicrafts, Native Crafts and Arts, Nepal Handicraft Product, OSM Handicraft, RT Crafts, S. Sundaravadivel and Company, Sana Hastakala, Shandong Laizhou Arts and Crafts, Ten Thousand Villages, The Handicrafts Gallery, Zhejiang Ocean Handicrafts.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Overview of global handicrafts market
    • Market size and forecast
      • Table Global handicrafts market 2014-2019 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Table Global handicrafts market by product type 2014
  • Geographical segmentation
    • Market segmentation by geography
      • Table Global handicrafts market by geography 2014
      • Table Global handicrafts market by geography 2019
  • Key leading countries
    • Table Key leading countries
    • US
    • Japan
    • Germany
    • UK
    • France
  • Market drivers
    • Table Major drivers in global handicrafts market
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Major challenges in global handicrafts market
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Emerging trends in global handicrafts market
  • Vendor landscape
    • Competitive scenario
    • Popular vendors in global handicrafts market
      • Table Popular vendors in global handicrafts market
    • Other prominent vendors
  • Key vendor analysis
    • Asian Handicrafts
      • Table Asian Handicrafts: Product categories
    • Fakih
      • Table Fakih: Product segmentation
    • Handicrafts and Handlooms Export Corp. (HHEC)
      • Table HHEC: Product segmentation
    • Minhou Minxing Weaving
      • Table Minhou Minxing Weaving: Product categories
    • NGOC Dong
      • Table NGOC Dong: Product categories
    • Oriental Handicraft
      • Table Oriental Handicraft: Product categories
  • Appendix
    • List of abbreviations
  • Explore Technavio

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