Summary
Global Handicrafts Market 2023-2027
The analyst has been monitoring the handicrafts market and is forecast to grow by USD 407.15 bn during 2022-2027, accelerating at a CAGR of 8.87% during the forecast period. Our report on the handicrafts market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the need for low capital investments, growth in travel and tourism, and rise in government support and funding.
The handicrafts market is segmented as below:
By Product
• Metal art ware and jewelry
• Woodware
• Textile products
• Pottery and others
By Distribution Channel
• Offline
• Online
By Geographical Landscape
• North America
• Europe
• APAC
• Middle East and Africa
• South America
This study identifies the emergence of online retail and e-commerce channels as one of the prime reasons driving the handicrafts market growth during the next few years. Also, increasing demand for social and environmental sustainability of handicraft products and growing adoption of contemporary designs and sculptures in handicrafts will lead to sizable demand in the market.
The analyst presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the handicrafts market covers the following areas:
• Handicrafts market sizing
• Handicrafts market forecast
• Handicrafts market industry analysis
This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading handicrafts market vendors that include Asian Handicrafts Pvt. Ltd., Craft India Overseas, Crossroads Foundation, Divya Exports, Earthy workshop and Co Pty Ltd. and Akkaara, Fakih Group of Companies, HimalayanMart.com, Kathmandu Handicrafts Pvt. Ltd., Native Crafts and Arts, Nepal Craft Shop Pvt. Ltd., NGOC DONG HA NAM, Orient Handicraft Ltd., OSM HANDICRAFT, RTCrafts Enterprise, S.Sundaravadivel and Co., Sana Hastakala, Ten Thousand Villages, Thar Handicrafts Gallery Pvt. Ltd., The Handicrafts and Handloom Exports Corp. of India Ltd., and Zhejiang Hengtai Crafts Manufacturing Co. Ltd.. Also, the handicrafts market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The analyst presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
