Market Overview:
The global handicrafts 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 handicrafts from different applications such as discount retailers, department stores, specialty stores, catalogue retailers, internet retailers and independent retailers. Handprinted textile and scarves segment is expected to witness highest growth rate during the forecast period owing to rising popularity of these products in the global market. North America is estimated to hold dominant position in terms of revenue share in 2018 and Asia Pacific is projected to be fastest growing region over the forecast period.
Product Definition:
Handicrafts are objects made by hand, often with simple tools, from natural materials such as wood, stone, or metal.
Woodware:
Woodware is the material made up of wood and its derivatives such as plywood, veneers, and laminates. Wood has been used by humans for thousands of years for various purposes; it is one of the most important natural resources on earth. The growth factor in the global handicrafts market can be attributed to growing environmental concerns coupled with rising disposable income levels which are encouraging people to spend more on handcrafted products.
Art Metal Ware:
Art metal ware is a special type of metal ware which is used in various handicrafts. It consists of copper, brass, bronze and other metals like zinc & tin. The products made from art metal are called as “art Metal Work”. These products have gained popularity in the last few years on account of their aesthetic appeal and durability along with being corrosion resistant.
Application Insights:
The application segment is segregated into discount retailers, department stores, specialty stores, catalogue retailer and internet retailer. The catalogue retailers include ecommerce as well as physical retail shops that stock products manufactured by handicraftsmen from across the world. Internet based catalogues enable customers to browse through various designs and select the one they like. Independent handicrafts stores are those which have their own premises or just a few close to it where consumers can directly interact with the craftsman in person and check the quality of work before purchasing an item. Departmental store is a shopping complex which houses several small independent shops under one roof catering to different needs of consumers such as home decor & furnishing accessories etcetera.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing a growing demand for handicrafts from countries such as India, China, Japan, South Korea, Australia and New Zealand. Increasing disposable income levels coupled with rising tourism activities are expected to boost product sales in this region.
North America is projected to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 owing to increasing consumer preference towards handcrafted products along with their associated benefits such as high quality standards and low production cost per item. Europe also accounted for a significant share of global revenue due to high demand for unique handicrafts produced by skilled artisans using natural materials at affordable prices.
Growth Factors:
- Increasing disposable income of the middle-class population in developing countries is expected to drive the demand for handicrafts over the forecast period.
- Rising popularity of handmade products among consumers owing to their unique designs and craftsmanship is another key factor anticipated to boost market growth.
- Proliferation of online platforms that offer a wide range of handicrafts from different parts of the world is projected to fuel demand in the coming years.
- Growing trend of upcycling or repurposing old materials into new products is anticipated to create new opportunities for Handicrafts market growth over the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Handicrafts Market Research Report
By Type
Woodware, Art Metal Ware, Handprinted Textile and Scarves, Embroidered and Crocheted Goods, Zari and Zari Goods, Imitation Jewellery
By Application
Discount Retailers, Department Stores, Specialty Stores, Catalogue Retailer, Internet Retailer, Independent Retailer
By Companies
Asian Handicrafts, Fakih, Handicrafts and Handlooms Export Corp. (HHEC), Minhou Minxing Weaving, NGOC Dong, Oriental Handicraft, Asian Handicrafts
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
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Handicrafts Market Report Segments:
The global Handicrafts market is segmented on the basis of:
Types
Woodware, Art Metal Ware, Handprinted Textile and Scarves, Embroidered and Crocheted Goods, Zari and Zari Goods, Imitation Jewellery
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
Discount Retailers, Department Stores, Specialty Stores, Catalogue Retailer, Internet Retailer, Independent Retailer
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:
- Asian Handicrafts
- Fakih
- Handicrafts and Handlooms Export Corp. (HHEC)
- Minhou Minxing Weaving
- NGOC Dong
- Oriental Handicraft
- Asian Handicrafts
Highlights of The Handicrafts 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:
- Woodware
- Art Metal Ware
- Handprinted Textile and Scarves
- Embroidered and Crocheted Goods
- Zari and Zari Goods
- Imitation Jewellery
- By Application:
- Discount Retailers
- Department Stores
- Specialty Stores
- Catalogue Retailer
- Internet Retailer
- Independent Retailer
- 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 Handicrafts 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?
Handicrafts are the traditional methods of producing goods by hand. This includes things like quilting, knitting, and crochet.
Some of the major players in the handicrafts market are Asian Handicrafts, Fakih, Handicrafts and Handlooms Export Corp. (HHEC), Minhou Minxing Weaving, NGOC Dong, Oriental Handicraft, Asian Handicrafts.
The handicrafts market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Handicrafts 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 Handicrafts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Handicrafts 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 Handicrafts 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 Handicrafts Market Size & Forecast, 2018-2028
4.5.1 Handicrafts Market Size and Y-o-Y Growth
4.5.2 Handicrafts Market Absolute $ Opportunity
Chapter 5 Global Handicrafts 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 Handicrafts Market Size Forecast by Type
5.2.1 Woodware
5.2.2 Art Metal Ware
5.2.3 Handprinted Textile and Scarves
5.2.4 Embroidered and Crocheted Goods
5.2.5 Zari and Zari Goods
5.2.6 Imitation Jewellery
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Handicrafts 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 Handicrafts Market Size Forecast by Applications
6.2.1 Discount Retailers
6.2.2 Department Stores
6.2.3 Specialty Stores
6.2.4 Catalogue Retailer
6.2.5 Internet Retailer
6.2.6 Independent Retailer
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Handicrafts 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 Handicrafts 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 Handicrafts Analysis and Forecast
9.1 Introduction
9.2 North America Handicrafts 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 Handicrafts Market Size Forecast by Type
9.6.1 Woodware
9.6.2 Art Metal Ware
9.6.3 Handprinted Textile and Scarves
9.6.4 Embroidered and Crocheted Goods
9.6.5 Zari and Zari Goods
9.6.6 Imitation Jewellery
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 Handicrafts Market Size Forecast by Applications
9.10.1 Discount Retailers
9.10.2 Department Stores
9.10.3 Specialty Stores
9.10.4 Catalogue Retailer
9.10.5 Internet Retailer
9.10.6 Independent Retailer
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 Handicrafts Analysis and Forecast
10.1 Introduction
10.2 Europe Handicrafts 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 Handicrafts Market Size Forecast by Type
10.6.1 Woodware
10.6.2 Art Metal Ware
10.6.3 Handprinted Textile and Scarves
10.6.4 Embroidered and Crocheted Goods
10.6.5 Zari and Zari Goods
10.6.6 Imitation Jewellery
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 Handicrafts Market Size Forecast by Applications
10.10.1 Discount Retailers
10.10.2 Department Stores
10.10.3 Specialty Stores
10.10.4 Catalogue Retailer
10.10.5 Internet Retailer
10.10.6 Independent Retailer
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 Handicrafts Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Handicrafts 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 Handicrafts Market Size Forecast by Type
11.6.1 Woodware
11.6.2 Art Metal Ware
11.6.3 Handprinted Textile and Scarves
11.6.4 Embroidered and Crocheted Goods
11.6.5 Zari and Zari Goods
11.6.6 Imitation Jewellery
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 Handicrafts Market Size Forecast by Applications
11.10.1 Discount Retailers
11.10.2 Department Stores
11.10.3 Specialty Stores
11.10.4 Catalogue Retailer
11.10.5 Internet Retailer
11.10.6 Independent Retailer
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 Handicrafts Analysis and Forecast
12.1 Introduction
12.2 Latin America Handicrafts 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 Handicrafts Market Size Forecast by Type
12.6.1 Woodware
12.6.2 Art Metal Ware
12.6.3 Handprinted Textile and Scarves
12.6.4 Embroidered and Crocheted Goods
12.6.5 Zari and Zari Goods
12.6.6 Imitation Jewellery
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 Handicrafts Market Size Forecast by Applications
12.10.1 Discount Retailers
12.10.2 Department Stores
12.10.3 Specialty Stores
12.10.4 Catalogue Retailer
12.10.5 Internet Retailer
12.10.6 Independent Retailer
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) Handicrafts Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Handicrafts 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) Handicrafts Market Size Forecast by Type
13.6.1 Woodware
13.6.2 Art Metal Ware
13.6.3 Handprinted Textile and Scarves
13.6.4 Embroidered and Crocheted Goods
13.6.5 Zari and Zari Goods
13.6.6 Imitation Jewellery
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) Handicrafts Market Size Forecast by Applications
13.10.1 Discount Retailers
13.10.2 Department Stores
13.10.3 Specialty Stores
13.10.4 Catalogue Retailer
13.10.5 Internet Retailer
13.10.6 Independent Retailer
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 Handicrafts Market: Competitive Dashboard
14.2 Global Handicrafts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Asian Handicrafts
14.3.2 Fakih
14.3.3 Handicrafts and Handlooms Export Corp. (HHEC)
14.3.4 Minhou Minxing Weaving
14.3.5 NGOC Dong
14.3.6 Oriental Handicraft
14.3.7 Asian Handicrafts
