Expert Market Research Explores the Top 7 Companies Dominating the Global Handicrafts Market

Asian Handicrafts Pvt, Native Crafts and Arts, Inc. Fakih Group of Companies, Gangamani Fashions (Art & Crafts), HN Handicrafts, S. N. Handicrafts, Unique Handicrafts Ltd, Vietnam Handicraft Co., Ltd, Haswani Handicrafts, and Sushil Craft, among others, are the major players in the global handicrafts market.

The global handicrafts market reached a value of about USD 787.85 billion in 2023. The market is projected to grow at a CAGR of 11.8% in the forecast period of 2024-2032 to reach around USD 2149.93 billion by 2032. As per the analysis by Expert Market Research, the market is expected to be driven by the rising consumer interest in unique and personalised products and increasing online retail platforms.

Handicrafts are typically made using natural materials and traditional methods, which are environmentally friendly. The growing consumer preference for sustainable products boosts the handicrafts market growth. Handicraft production provides livelihood opportunities, especially in rural and developing areas. They are extensively used in home decor items such as pottery, wall hangings, textiles, and furniture, adding a unique and personal touch to interior space. Jewelry, purses, scarves, and clothes are examples of handicrafts that are valued for their artistry and originality

A major factor driving the handicrafts market expansion, increasing demand, and establishing new industry trends is the growing customer need for individualized and distinctive products. Products with a strong craftsmanship and cultural legacy tend to be more appealing to consumers. A stronger link to stories and histories is made possible by the use of local materials and traditional techniques in handicrafts. Items with personalization frequently hold sentimental significance. Whether it’s a customized piece of jewellery or a handcrafted home décor item, these products are cherished for the memories and personal significance they hold.

Due to the ability of artisans to reach a worldwide audience, the emergence of e-commerce platforms has completely transformed the market. Platforms like Esty, Amazon Handmade, and others facilitate the sale of handmade products worldwide. E-commerce platforms provide a user-friendly interface for both artisans and buyers, making it easy to list, browse, and purchase handmade items. This accessibility encourages more artisans to participate in the market. Thus, e-commerce platforms have democratized the handicrafts market.

In August 2023 Vietnam Handicraft took immense pride in presenting their exquisite Water Hyacinth storage baskets, a true embodiment of eco-conscious artistry. These baskets are a true representation of ecologically conscious creativity. These Vietnamese-made baskets are an example of their dedication to excellent artisanry and sustainable business methods. Their artists skillfully utilized the natural beauty of water hyacinth, painstakingly weaving each strand to create beautiful, useful storage solutions.

Top 7 Handicraft Companies in the World:

Asian Handicrafts Pvt. Ltd.

Asian Handicrafts Pvt. Ltd. is a leading Indian handicraft company that offers a diverse range of products showcasing the latest designs, colour mixes, and innovative techniques. Their experienced in-house design and product development team continuously updates the product range to cater to evolving market demands. Committed to preserving traditional craftsmanship, Asian handcrafts blend ethnic artistry with contemporary aesthetic, delighting customers worldwide with their unique, handcrafted creations for gifts, home decor, and holiday decorations.

Native Crafts and Arts, Inc.

Established in 1994, the company redirected its focus towards manufacturing and exporting various home decorations and lighting accessories. Transitioning from traditional handicrafts to simple candleholders to intricate design-oriented lighting pieces, Native Crafts adapted to a constantly evolving market. This flexibility enabled them to cater to and satisfy diverse clientele across America, Europe, and Asia for over 40 years.

Gangamani Fashions (Art & Crafts)

Established in 1998, Gangamani Fashions (Arts & Crafts) is a manufacturer, supplier, and exporter based in Rajasthan, India, specializing in Indian ethnic art and handicrafts. Built upon a foundation of profound knowledge and expertise in Indian art and handicraft, Gangamani Fashions is driven by a vision to promote Indian art aesthetics on a global scale. Specializing in handicraft gift items suitable for all occasions, this Indian art and craft company endeavours to preserve tradition and culture in an increasingly materialistic world.

HN Handicrafts

H.N Handicrafts was established in 1992 by Mr. Liaqat Ali, who has 35 years of experience in the handicrafts industry. H.N Handicrafts focuses on producing quality fair products for world markets, with a particular emphasis on the American and European handicrafts market. The company prides itself on convenient access to quality raw materials, skilled labour, and a state-of-the-art production unit equipped with modern machinery for manufacturing handicraft items.

Unique Handicrafts Ltd

Unique Handicraft is a company that specializes in manufacturing and exporting high-quality Ganesh Murtis. It was founded in 2015 and has its office in Meerut, India. Its core business is manufacturing and distributing women's fashionable clothing. Since its inception, Unique Handicrafts has made its sole intention to create exquisite Ganesha idols that reflect passion and artistry. To bring to market products that are as timeless as they are innovative, the firm relies on the craftsmanship of skilled masters, the best technological tools, and fine materials.

Vietnam Handicraft Co. Ltd

The company specializes in manufacturing and exporting a wide range of handcrafted products for homes. The specialty of the company is, that it manufactures and sells handcrafted home décor products with a huge range of product portfolio. Vietnam Handicrafts Company, for instance, has had more than ten years of managing production in Vietnam and quality assurance. The company is targeting a global market by offering environmentally friendly goods by using local craftsmen. Vietnam Handicraft Company also provides electronic product lists to ensure ease and efficiency when making orders for clients.

Sushil Craft

Sushil Craft is a leading manufacturer, exporter, and supplier of a wide range of wooden furniture and handicrafts based in Jodhpur, Rajasthan, India. The company specializes in producing antique cabinets, wooden almirahs, and vintage wooden furniture. Sushil Craft exports its products to various countries, particularly the USA, and is considered one of the most reputed firms specializing in vintage wooden furniture manufacturing and antique furniture exporting.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.