Market Overview:
The global craft kits and projects market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for creative and innovative products, rising disposable income, and growing trend of DIY (Do It Yourself) among consumers. Based on type, the global craft kits and projects market is segmented into painting kits, knitting kits, splice kits, and other crafts kit segments. Painting kit segment is expected to dominate the global craft kit market with a share of more than 50% by 2030 owing to its high popularity among all age groups. Knitting kit segment is projected to grow at a highest CAGR during the forecast period due its growing popularity among women across different regions. Splice kit segment is anticipated witness significant growth in terms of revenue over the forecast period as it offers an easy way for creating new designs without any prior experience or skillset required in this domain. Based on application, kids are expected account for majority share in terms of revenue followed by adult applications segments over the forecast period from 2018-2030 . This can be attributed parental inclination towards providing their children with creative & innovative products along with opportunities for self-expression which ultimately foster their overall development process Kids Craft Kits are also witnessing an increase in demand owing popular TV shows such as “HobbyKidsTV” that promote Do It Yourself activities through their episodes globally .
Product Definition:
Craft kits and projects are important because they allow people to learn new skills and express their creativity. They can also be a way to bond with friends or family members.
Painting Kits:
Painting kits are small containers of paints, which can be used for home-based art projects and craft activities. These kits are available in different forms such as liquid, pastels, acrylics and oils. The product is gaining popularity among children and adults for hobby painting as well as creative designing. Moreover, the product has gained significant traction in the corporate world to create works of art that add aesthetic value to a room or office space.
Knitting Kits:
Knitting kits are small packages of yarn and other materials that help in knitting or crocheting various types of craft projects. It is a fun activity for kids as well as adults, which helps in developing fine motor skills and creativity. The global market for knitting kits is expected to witness significant growth over the forecast period owing to increasing number of craft activities among children and adults across the world.
Application Insights:
The kids application segment led the market and accounted for more than 50.0% share of the global revenue in 2017. The growth is attributed to increasing demand for craft kits among children as a way of encouraging them to develop creativity and innovation skills while learning new things. Moreover, rising number of parents who are working individuals and those who are employed in remote or rural areas where internet connectivity is limited will further propel industry growth over the forecast period.
Adult application segment will expand at a CAGR exceeding 11% from 2018 to 2030 owing to increased interest among people above 30 years old towards DIY activities that help them express their individuality by developing their creative side while bonding with family members or friends over fun projects together at home. Furthermore, rising disposable income levels coupled with changing lifestyles has created an impetus towards self-expression through art which can be achieved through various types of craft kits available in stores these days such as painting kits, knitting kits, splicing kit etc.
Regional Analysis:
North America dominated the global craft kits and projects market in 2017. The region is expected to maintain its position during the forecast period owing to high disposable income of consumers, increasing popularity of DIY (Do-It-Yourself) activities, and presence of a large number of manufacturers in countries such as U.S. and Canada that cater to international demand for craft supplies.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising disposable income especially in developing economies such as China, India, Thailand, Malaysia etc., growing popularity for various types crafts including knitting & crochet crafts among kids & adults coupled with increasing awareness about health benefits associated with these crafts will drive regional demand during the forecast period from 2018 - 2030 timeframe).
Growth Factors:
- Increasing popularity of do-it-yourself projects and crafts among all age groups.
- Rising disposable income of consumers, which enables them to spend more on craft kits and projects.
- Proliferation of online platforms that offer a wide range of craft kit and project options at competitive prices.
- Growing trend of customization in home décor, which is fueling demand for unique craft kits and projects.
- Increasing awareness about the benefits of crafting, such as stress relief and improved creativity, which is driving demand for these products
Scope Of The Report
Report Attributes
Report Details
Report Title
Craft Kits and Projects Market Research Report
By Type
Painting Kits, Knitting Kits, Splice Kits, Other
By Application
Kids, Adult
By Companies
Lego, Mattel, Melissa & Doug, Haba, Magformers, Magna-Tiles (Valtech), Arteza, Graham Keegan, Wool & The Gang, Livia Cetti
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Craft Kits and Projects Market Report Segments:
The global Craft Kits and Projects market is segmented on the basis of:
Types
Painting Kits, Knitting Kits, Splice Kits, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Kids, Adult
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lego
- Mattel
- Melissa & Doug
- Haba
- Magformers
- Magna-Tiles (Valtech)
- Arteza
- Graham Keegan
- Wool & The Gang
- Livia Cetti
Highlights of The Craft Kits and Projects Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Painting Kits
- Knitting Kits
- Splice Kits
- Other
- By Application:
- Kids
- Adult
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Craft Kits and Projects Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Craft Kits and Projects are collections of materials, instructions, and tools that allow people to create their own projects.
Some of the major companies in the craft kits and projects market are Lego, Mattel, Melissa & Doug, Haba, Magformers, Magna-Tiles (Valtech), Arteza, Graham Keegan, Wool & The Gang, Livia Cetti.
The craft kits and projects market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Craft Kits and Projects Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Craft Kits and Projects Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Craft Kits and Projects Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Craft Kits and Projects Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Craft Kits and Projects Market Size & Forecast, 2020-2028
4.5.1 Craft Kits and Projects Market Size and Y-o-Y Growth
4.5.2 Craft Kits and Projects Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Painting Kits
5.2.2 Knitting Kits
5.2.3 Splice Kits
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Kids
6.2.2 Adult
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Craft Kits and Projects Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Craft Kits and Projects Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Painting Kits
9.6.2 Knitting Kits
9.6.3 Splice Kits
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Kids
9.10.2 Adult
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Painting Kits
10.6.2 Knitting Kits
10.6.3 Splice Kits
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Kids
10.10.2 Adult
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Painting Kits
11.6.2 Knitting Kits
11.6.3 Splice Kits
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Kids
11.10.2 Adult
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Painting Kits
12.6.2 Knitting Kits
12.6.3 Splice Kits
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Kids
12.10.2 Adult
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Painting Kits
13.6.2 Knitting Kits
13.6.3 Splice Kits
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Kids
13.10.2 Adult
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Craft Kits and Projects Market: Competitive Dashboard
14.2 Global Craft Kits and Projects Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lego
14.3.2 Mattel
14.3.3 Melissa & Doug
14.3.4 Haba
14.3.5 Magformers
14.3.6 Magna-Tiles (Valtech)
14.3.7 Arteza
14.3.8 Graham Keegan
14.3.9 Wool & The Gang
14.3.10 Livia Cetti
