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Global Handicrafts Market 2015-2019

Handicrafts Sector: Worldwide Forecast until 2019

  • November 2015
  • 53 pages
  • ID: 3433134
In this report:
By the end of 2019, the Americas is expected to account for a ##.##% share, losing a marginal amount of share to Europe and MEA.
The global handicrafts market was valued at $##.## billion in 2014 and is expected to reach $##.## billion by 2019, growing at a CAGR of ##.##%.
In 2013, the company's export value stood at $## million, which ranked number one among all the companies in the Fujian province.

Summary

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Market overview of handicrafts

Research firm's market research analyst anticipates the overall handicrafts sector to grow at a tremendous rate of 12 % during the estimate period. The small initial investment required including the setup cost, labor, raw material, and transportation cost is the primary driver for the increase of this market. The handicrafts industry is also an crucial source of foreign exchange and has immense export potential.

The growth in worldwide and domestic tourism is also anticipated to boost the increase of the market during the outlook period. For example, Japan's government has introduced various campaigns to rise 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 (JP). The increase in tourism has fuelled the industry demand for cultural goods, uncommon souvenirs, and indigenous art.

Product segmentation and analysis of the handicrafts sector

Woodware handicrafts recorded for 34.0 percent of the market share during 2014. China (CN) and Nepal are known for their engaging architecture made up of carved wooden struts while Thailand is the main 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 top revenue contributing country.

Geographical segmentation and analysis of the overall handicrafts sector

- Americas

- Asia-Pac

- Europe (EU)

- MEA

The whole Americas controled the handicrafts sector during 2014 with a market share of 38%. The US is the biggest revenue contributor in this zone. The high demand for home accessories, jewelry, and other fashion accessories including handbags and belts is driving the market increase in this area.

What is the current competitive panorama? Who are the main vendors?

The overall handicrafts sector is highly fragmented owing to the presence of different small and medium providers. Handicrafts is a active industry, and its development is underpinned by factors including economic conditions, technology, skilled workforce, and innovative use of raw materials.

Other sellers in the market contain 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.

What are the main questions answered?n the market research

contain

- What will the market value and the increase rate be in 2019?

- What are the most significant drivers yielding the overall handicrafts sector?

- What are the main segment trends affecting the growth of the overall handicrafts sector?

- What are the conditions to market growth?

- Who are the main vendors in the handicrafts sector?

- What are the opportunities in this industry and segment risks faced by the sellers in the handicrafts sector?

- Trending factors influencing the Americas's market shares, Asia-Pac, Europe (EU), and MEA?

- What are the main outcomes of the Porter 5 forces analysis of the overall handicrafts sector?

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