Global Handicrafts Market Share, Size, Trends, Growth, Forecast: By Product: Woodware, Artmetal Ware, Handprinted Textiles and Scarves, Embroidered and Crocheted Goods, Zari and Zari Goods, Imitation Jewellery, Sculptures, Pottery and Glassware, Others; By End User; By Distribution Channel; Regional Analysis; Competitive Landscape; 2023-2028

Global Handicrafts Market Outlook

The global handicrafts market stood at a value of USD 704.7 billion in 2022. The handicrafts market is projected to witness a CAGR of 11.8% over the forecast period of 2023-2028. It is expected to reach USD 1376.12 billion by 2028.

 

Handicrafts Market

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On the basis of the product types, the woodware segment accounted for the largest market in the total global handicrafts market in 2020 as they are usually used in the manufacturing of kitchenware, decorative materials, and toys, among others. Based on the distribution channel, the mass retailer segment dominated the handicrafts market in 2020. Since mass retailer distributes a wide variety of handicraft products at an affordable price, they are, thus, expected to retain their dominance in the forecast period. On the basis of end use, the market is bifurcated into residential and commercial. The residential segment accounted for the largest end-use segment, owing to the rising demand for fashion accessories, home accessories, and jewellery, among others.

 

Properties and Applications 

Handicrafts are the handmade products, which are prepared using simple tools instead of machines and require considerable hand-eye coordination, along with intense concentration. They artistically represent the culture and tradition of the country or a region. Each handcrafted product is unique and exhibits distinct qualities and is perceived as a symbol of status for consumers as it reflects the essence of vibrant art and culture. Additionally, handicrafts require low capital investments, offer employment opportunities to artisans, and act as a prominent medium for foreign exchange revenue. Owing to the aforementioned factors, handicraft products play a vital role in the overall growth of an economy and are expected to uplift the demand for handcrafted products in the coming years.

 

Handicrafts Market by Segments

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The handicrafts market is broadly categorised on the basis of product into:

  • Woodware
  • Artmetal Ware
  • Handprinted Textiles and Scarves
  • Embroidered and Crocheted Goods
  • Zari and Zari Goods
  • Imitation Jewellery
  • Sculptures
  • Pottery and Glassware
  • Attars and Agarbattis
  • Others

 

On the bases of end user, the global handicrafts market is bifurcated into:

  • Residential
  • Commercial

 

Based on the distribution channel, the market is segmented into:

  • Mass Retailers
  • Departmental Stores
  • Independent Retailers
  • Online Stores
  • Others

 

The EMR report looks into the regional markets in the global handicrafts market like North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

 

Handicrafts Market by region

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Market Analysis 

With the emergence of online retail and various e-commerce channels, the accessibility to handcrafted products has become more convenient for consumers, which, in turn, has provided a thrust to the sales of handcrafted goods across the globe. Also, the transition from ethnic to contemporary designs, coupled with the strong demand from offices, homes, hospitals, and hotels are increasing the demand for handcrafted products. The growing travel and tourism industry has also provided vast opportunities to local artisans as well as handicraft manufacturers to produce commoditised products and sell them to tourists who are willing to spend significantly on craft items. Moreover, handicrafts require low energy, unlike machine-made products, which involve the utilisation of electricity. Due to the low capital investments, the handicrafts market is growing, particularly in developing regions such as India and China. Furthermore, the handicrafts business is also an important source of huge exports and potential foreign exchange; thus, they are likely to boost the global handicraft market in the near future. 

 

Competitive Landscape 

The report presents a detailed analysis of the following key players in the global handicrafts market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

 

  • Asian Handicrafts Pvt. Ltd.
  • 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
  • Sushil Craft
  • Others

 

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • End User
  • Distribution Channel
  • Region
Breakup by Product
  • Woodware
  • Artmetal Ware
  • Handprinted Textiles and Scarves
  • Embroidered and Crocheted Goods
  • Zari and Zari Goods
  • Imitation Jewellery
  • Sculptures
  • Pottery and Glassware
  • Attars and Agarbattis
  • Others
Breakup by End User
  • Residential
  • Commercial
Breakup by Distribution Channel
  • Mass Retailers
  • Departmental Stores
  • Independent Retailers
  • Online Stores
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Asian Handicrafts Pvt. Ltd.
  • 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
  • Sushil Craft
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Handicrafts  Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Handicrafts Historical Market (2018-2022) 
    8.3    Global Handicrafts Market Forecast (2023-2028)
    8.4    Global Handicrafts Market by Product 
        8.4.1    Woodware
            8.4.1.1    Historical Trend (2018-2022) 
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Artmetal Ware
            8.4.2.1    Historical Trend (2018-2022) 
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Handprinted Textiles and Scarves
            8.4.3.1    Historical Trend (2018-2022) 
            8.4.3.2    Forecast Trend (2023-2028)
        8.4.4    Embroidered and Crocheted Goods
            8.4.4.1    Historical Trend (2018-2022) 
            8.4.4.2    Forecast Trend (2023-2028)
        8.4.5    Zari and Zari Goods
            8.4.5.1    Historical Trend (2018-2022) 
            8.4.5.2    Forecast Trend (2023-2028)
        8.4.6    Imitation Jewellery
            8.4.6.1    Historical Trend (2018-2022) 
            8.4.6.2    Forecast Trend (2023-2028)
        8.4.7    Sculptures
            8.4.7.1    Historical Trend (2018-2022) 
            8.4.7.2    Forecast Trend (2023-2028)
        8.4.8    Pottery and Glassware
            8.4.8.1    Historical Trend (2018-2022) 
            8.4.8.2    Forecast Trend (2023-2028)
        8.4.9    Attars and Agarbattis
            8.4.9.1    Historical Trend (2018-2022) 
            8.4.9.2    Forecast Trend (2023-2028)
        8.4.10    Others
    8.5    Global Handicrafts Market by End User
        8.5.1    Residential
            8.5.1.1    Historical Trend (2018-2022) 
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Commercial
            8.5.2.1    Historical Trend (2018-2022) 
            8.5.2.2    Forecast Trend (2023-2028)
    8.6    Global Handicrafts Market by Distribution Channel
        8.6.1    Mass Retailers
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Departmental Stores
            8.6.2.1    Historical Trend (2018-2022) 
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Independent Retailers
            8.6.3.1    Historical Trend (2018-2022) 
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Online Stores
            8.6.4.1    Historical Trend (2018-2022) 
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Others
    8.7    Global Handicrafts Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2022) 
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2022) 
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2022) 
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2022) 
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2022) 
            8.7.5.2    Forecast Trend (2023-2028)
9    North America  Handicrafts Market Analysis
    9.1    Market by Product 
    9.2    Market by End User
    9.3    Market by Distribution Channel
    9.4    Market by Country
        9.4.1    United States of America 
            9.4.1.1    Historical Trend (2018-2022) 
            9.4.1.2    Forecast Trend (2023-2028)
        9.4.2    Canada
            9.4.2.1    Historical Trend (2018-2022) 
            9.4.2.2    Forecast Trend (2023-2028)
10    Europe Handicrafts Market Analysis
    10.1    Market by Product 
    10.2    Market by End User
    10.3    Market by Distribution Channel
    10.4    Market by Country
        10.4.1    United Kingdom
            10.4.1.1    Historical Trend (2018-2022) 
            10.4.1.2    Forecast Trend (2023-2028)
        10.4.2    Germany
            10.4.2.1    Historical Trend (2018-2022) 
            10.4.2.2    Forecast Trend (2023-2028)
        10.4.3    France
            10.4.3.1    Historical Trend (2018-2022) 
            10.4.3.2    Forecast Trend (2023-2028)
        10.4.4    Italy
            10.4.4.1    Historical Trend (2018-2022) 
            10.4.4.2    Forecast Trend (2023-2028)
        10.4.5    Others
11    Asia Pacific Handicrafts Market Analysis
    11.1    Market by Product 
    11.2    Market by End User
    11.3    Market by Distribution Channel
    11.4    Market by Country
        11.4.1    China
            11.4.1.1    Historical Trend (2018-2022) 
            11.4.1.2    Forecast Trend (2023-2028)
        11.4.2    Japan
            11.4.2.1    Historical Trend (2018-2022) 
            11.4.2.2    Forecast Trend (2023-2028)
        11.4.3    India
            11.4.3.1    Historical Trend (2018-2022) 
            11.4.3.2    Forecast Trend (2023-2028)
        11.4.4    ASEAN
            11.4.4.1    Historical Trend (2018-2022) 
            11.4.4.2    Forecast Trend (2023-2028)
        11.4.5    South Korea
            11.4.5.1    Historical Trend (2018-2022) 
            11.4.5.2    Forecast Trend (2023-2028)
        11.4.6    Australia
            11.4.6.1    Historical Trend (2018-2022) 
            11.4.6.2    Forecast Trend (2023-2028)
        11.4.7    Others
12    Latin America Handicrafts Market Analysis
    12.1    Market by Product 
    12.2    Market by End User
    12.3    Market by Distribution Channel
    12.4    Market by Country
        12.4.1    Brazil
            12.4.1.1    Historical Trend (2018-2022) 
            12.4.1.2    Forecast Trend (2023-2028)
        12.4.2    Argentina
            12.4.2.1    Historical Trend (2018-2022) 
            12.4.2.2    Forecast Trend (2023-2028)
        12.4.3    Mexico
            12.4.3.1    Historical Trend (2018-2022) 
            12.4.3.2    Forecast Trend (2023-2028)
        12.4.4    Others
13    Middle East and Africa Handicrafts Market Analysis
    13.1    Market by Product 
    13.2    Market by End User
    13.3    Market by Distribution Channel
    13.4    Market by Country
        13.4.1    Saudi Arabia
            13.4.1.1    Historical Trend (2018-2022) 
            13.4.1.2    Forecast Trend (2023-2028)
        13.4.2    United Arab Emirates
            13.4.2.1    Historical Trend (2018-2022) 
            13.4.2.2    Forecast Trend (2023-2028)
        13.4.3    Nigeria
            13.4.3.1    Historical Trend (2018-2022) 
            13.4.3.2    Forecast Trend (2023-2028)
        13.4.4    South Africa
            13.4.4.1    Historical Trend (2018-2022) 
            13.4.4.2    Forecast Trend (2023-2028)
        13.4.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Asian Handicrafts Pvt. Ltd.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Native Crafts and Arts, Inc.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Fakih Group of Companies
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Gangamani Fashions (Art & Crafts)
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    HN Handicrafts
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    S. N. Handicrafts
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Unique Handicrafts Ltd
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Vietnam Handicraft Co., Ltd
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Haswani Handicrafts
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Sushil Craft
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Handicrafts Market: Key Industry Highlights, 2018 and 2028
2.    Global Handicrafts Historical Market: Breakup by Product (USD Million), 2018-2022
3.    Global Handicrafts Market Forecast: Breakup by Product (USD Million), 2023-2028
4.    Global Handicrafts Historical Market: Breakup by End User (USD Million), 2018-2022
5.    Global Handicrafts Market Forecast: Breakup by End User (USD Million), 2023-2028
6.    Global Handicrafts Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
7.    Global Handicrafts Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
8.    Global Handicrafts Historical Market: Breakup by Region (USD Million), 2018-2022
9.    Global Handicrafts Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    North America Handicrafts Historical Market: Breakup by Country (USD Million), 2018-2022
11.    North America Handicrafts Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Europe Handicrafts Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Europe Handicrafts Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Asia Pacific Handicrafts Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Asia Pacific Handicrafts Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Latin America Handicrafts Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Latin America Handicrafts Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Middle East and Africa Handicrafts Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Middle East and Africa Handicrafts Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Global Handicrafts Market Structure

Key Questions Answered in the Report

In 2022, the global handicrafts market attained a value of nearly USD 704.7 billion.

The market is projected to grow at a CAGR of 11.8% between 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 1376.12 billion by 2028.

The major drivers of the market, such as the rising demand for kitchenware, decorative materials, toys, and others, increasing demand for an extensive range of handicraft products at an affordable price, and the rising demand for fashion accessories, home accessories, and jewellery, are expected to aid the market growth.

The key market trend guiding the growth of the handicrafts market includes the rising demand for the product as an important source of huge exports and potential foreign exchange in the forecast period.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific. 

Woodware is the leading product of handicrafts in the market.

The mass retailer segment leads the distribution channel segment.  

The residential segment accounted for the leading end user sector of handicrafts.

The major players in the market are Asian Handicrafts Pvt. Ltd., 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.

Analyst Review

The global handicrafts market attained a value of USD 704.7 billion in 2022, driven by the rising demand for fashion accessories, home accessories, and jewellery. Aided by the emergence of these products as an important source of huge exports and potential foreign exchange, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 11.8%. The handicrafts market is projected to reach USD 1376.12 billion by 2028.

 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product, the woodware segment led the handicrafts market. On the basis of distribution channel, the mass retailer segment accounts for the largest market share. On the basis of end user, the market is led by the residential sector. The major regional markets for handicrafts are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Asian Handicrafts Pvt. Ltd., 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.

 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.  

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