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Global Handicraft Market to reach USD 1974.83 billion by the end of 2030.

Global Handicraft Market Size Study & Forecast, by Product (Woodworks, MetalArtworks, Handprinted Textiles & Embroided Goods, Imitation Jewelry, Others), by End-user (Residential, Commercial), by Distribution Channel (Specialty Stores, Independent Stores, Online stores, Others), and Regional Analysis, 2023-2030

Product Code: OIRHG-21591975
Publish Date: 20-12-2023
Page: 200

Global Handicraft Market is valued at approximately USD 915.93 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 10.08% over the forecast period 2023-2030. Handicraft includes a wide range of handmade or handcrafted objects or products created by skilled artisans or craftspersons. These items primarily encompass textiles, pottery, glassware, paper goods, wooden creations, metal and silver pieces, and a myriad of other crafts. The rising trend of travel, enabling consumers to experience diverse cultures and their indigenous handicrafts, is anticipated to fuel the Handicraft Market. Additionally, the surge in construction activities, both commercial and residential, is encouraging the trend of embellishing homes with distinctive and artistic handicrafts.
In addition, rising disposable incomes and a growing middle class, along with the growing demand for sustainable and ethical products are playing a vital role in the market demand across the globe.

Also, the availability of handicrafts has become increasingly convenient for consumers due to the trend of online retail and the proliferation of various online platforms, which has significantly amplified the global sales of handicraft products. With the rise of e-commerce, access to a global audience has been democratized. Specialized platforms for handmade and vintage items provide a centralized marketplace where artisans can exhibit their creations to a worldwide customer base. These platforms often manage various aspects of the transaction process, including secure payment gateways and, in some cases, shipping logistics, allowing artisans to concentrate on their craft. According to Statista, in 2015 the global retail e-commerce sales were USD 1,548 billion and the number is anticipated to reach USD 8,148 billion by 2026. Moreover, the user-friendly and secure nature of these digital platforms encourages more artisans to transition their businesses online. In addition to this, e-commerce offers valuable tools for detailed analytics, offering artisans valuable insights into customer behavior and emerging market trends. When combined, these factors underscore the profound impact of e-commerce platforms on the expansion of the handicrafts market. Furthermore, the rising interest in handmade and DIY, as well as the augmenting trend of tourism activities present various lucrative opportunities over the forecast years. However, the fluctuations in the raw material prices and the competition from mass-produced goods are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Handicraft Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is a dominating the market in 2022 primarily due to the escalating production of handmade and craft products in countries such as India, China, Bangladesh, and so on. Furthermore, the presence of esteemed artisans and manufacturers of handmade products, as well as growing awareness of cultural heritage and tradition in these nations creates highly promising opportunities for the Asia Pacific market. Whereas, North America is expected to grow at a significant CAGR over the forecast years. Growing awareness of cultural heritage and tradition, growth of online marketplaces, and increasing tourism are significantly propelling the market demand across the region.

Major market players included in this report are:
Asian Handicrafts Pvt. Ltd. (India)
Fakih Group of Companies (UAE)
Laizhou Zhonghe Arts & Crafts Co. Ltd. (China)
Ten Thousand Villages (U.S.)
Fujian Minhou Minxing Weaving Co. Ltd. (China)
The India Craft House (India)
Creative Expressions (U.K.)
PT Harmoni Jaya Kreasi (Indonesia)
Gangga Sukta (Indonesia)
PT Fuzen Decor Bali (Indonesia)

Recent Developments in the Market:
Ø In June 2023, Amazon’s brand Amazing Home released its line of furniture and home décor products to provide consumers with stylish home décor options.
Ø In January 2023, Target, a major U.S. retailer, introduced a range of home accessories, such as tables and rugs, in collaboration with designers from Hearth & Hand with Magnolia, Opalhouse designed with Jungalow, and Threshold with Studio McGee.
Ø In September 2022, Crate & Barrel, a furniture retailer based in the United States, entered a partnership with renowned interior designer Athena Calderone to create its own home collection of furnishings, textiles, glassware, and other home décor items.

Global Handicraft Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product, End-user, Distribution Channel, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Handprinted Textiles & Embroided Goods
Imitation Jewelry

By End-user:

By Distribution Channel:
Specialty Stores
Independent Stores
Online stores

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Handicraft Market, by Region, 2020-2030 (USD Billion)
1.2.2. Handicraft Market, by Product, 2020-2030 (USD Billion)
1.2.3. Handicraft Market, by End-user, 2020-2030 (USD Billion)
1.2.4. Handicraft Market, by Distribution Channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Handicraft Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Handicraft Market Dynamics
3.1. Handicraft Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing trend of online retail and the proliferation of various online platforms Rising tourism
3.1.2. Market Challenges Fluctuations in the raw material prices Competition from mass-produced goods
3.1.3. Market Opportunities Rising interest in handmade and DIY Augmenting trend of tourism activities
Chapter 4. Global Handicraft Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Handicraft Market, by Product
5.1. Market Snapshot
5.2. Global Handicraft Market by Product, Performance – Potential Analysis
5.3. Global Handicraft Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Handicraft Market, Sub Segment Analysis
5.4.1. Woodworks
5.4.2. MetalArtworks
5.4.3. Handprinted Textiles & Embroided Goods
5.4.4. Imitation Jewelry
5.4.5. Others
Chapter 6. Global Handicraft Market, by End-user
6.1. Market Snapshot
6.2. Global Handicraft Market by End-user, Performance – Potential Analysis
6.3. Global Handicraft Market Estimates & Forecasts by End-user 2020-2030 (USD Billion)
6.4. Handicraft Market, Sub Segment Analysis
6.4.1. Residential
6.4.2. Commercial
Chapter 7. Global Handicraft Market, by Distribution Channel
7.1. Market Snapshot
7.2. Global Handicraft Market by Distribution Channel, Performance – Potential Analysis
7.3. Global Handicraft Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
7.4. Handicraft Market, Sub Segment Analysis
7.4.1. Specialty Stores
7.4.2. Independent Stores
7.4.3. Online stores
7.4.4. Others
Chapter 8. Global Handicraft Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Handicraft Market, Regional Market Snapshot
8.4. North America Handicraft Market
8.4.1. U.S. Handicraft Market Product breakdown estimates & forecasts, 2020-2030 End-user breakdown estimates & forecasts, 2020-2030 Distribution Channel breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Handicraft Market
8.5. Europe Handicraft Market Snapshot
8.5.1. U.K. Handicraft Market
8.5.2. Germany Handicraft Market
8.5.3. France Handicraft Market
8.5.4. Spain Handicraft Market
8.5.5. Italy Handicraft Market
8.5.6. Rest of Europe Handicraft Market
8.6. Asia-Pacific Handicraft Market Snapshot
8.6.1. China Handicraft Market
8.6.2. India Handicraft Market
8.6.3. Japan Handicraft Market
8.6.4. Australia Handicraft Market
8.6.5. South Korea Handicraft Market
8.6.6. Rest of Asia Pacific Handicraft Market
8.7. Latin America Handicraft Market Snapshot
8.7.1. Brazil Handicraft Market
8.7.2. Mexico Handicraft Market
8.8. Middle East & Africa Handicraft Market
8.8.1. Saudi Arabia Handicraft Market
8.8.2. South Africa Handicraft Market
8.8.3. Rest of Middle East & Africa Handicraft Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Asian Handicrafts Pvt. Ltd. (India) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Fakih Group of Companies (UAE)
9.3.3. Laizhou Zhonghe Arts & Crafts Co. Ltd. (China)
9.3.4. Ten Thousand Villages (U.S.)
9.3.5. Fujian Minhou Minxing Weaving Co. Ltd. (China)
9.3.6. The India Craft House (India)
9.3.7. Creative Expressions (U.K.)
9.3.8. PT Harmoni Jaya Kreasi (Indonesia)
9.3.9. Gangga Sukta (Indonesia)
9.3.10. PT Fuzen Decor Bali (Indonesia)
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
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Technological advancements and projected developments in the market
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