Reports
Reports
Sale
The global handicrafts market stood at a value of USD 787.85 billion in 2023. The handicrafts market is projected to witness a CAGR of 11.8% over the forecast period of 2024-2032. It is expected to reach USD 2,149.93 billion by 2032.
Global Handicrafts Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 787.9 |
Market Size 2032 | USD Billion | 2,149.9 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 11.8% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 13.3% |
CAGR 2024-2032 - Market by Country | India | 14.1% |
CAGR 2024-2032 - Market by Country | China | 12.9% |
CAGR 2024-2032 - Market by Product | Handprinted Textiles and Scarves | 13.5% |
CAGR 2024-2032 - Market by End User | Residential | 12.2% |
Market Share by Country | Saudi Arabia | 2.4% |
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The demand for personalised products that depict certain uniqueness is on the rise among consumers. Handicrafts provide an ideal option for customisation in terms of design, materials, and finishes. The rising interest in products that represent cultural heritage and ethnic diversity has further led to a higher demand for traditional handicrafts from various regions.
Additionally, as people become more conscious of the environmental and social impact of mass-produced goods, they are turning to handmade products that are often made with sustainable materials and ethical practices.
Market Share by | Country |
Saudi Arabia | 2% |
USA | XX% |
Canada | XX% |
Srinagar, a city based in India, was given the title of 'World Craft City' by the World Crafts Council in June 2024. This title can boost the local economy and also promote the rich cultural heritage of Srinagar on a global scale. It is also expected to attract more tourists and artisans to the region, creating opportunities for skill development and economic growth. Additionally, it will help in preserving traditional crafts and techniques that have been passed down through generations in Srinagar.
On the basis of the product types, the woodware segment accounted for the largest market in the total global 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 and boost the handicrafts market value. 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.
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, which drives the growth of the global handicrafts market. 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.
Union Textiles Ministry in India announced in December 2023 that around Rs 1000 crore is expected to be invested in the handloom and handicraft sector in the next four to five years to promote the rich cultural heritage, create growth opportunities for the artisans and boost handicrafts market share in India.
Rising E-Commerce Sales and Popularity of Indian Handicrafts Globally
As per the market analysis of handicrafts industry, retail e-commerce sales worldwide have experienced significant growth from 2019 to 2025. In 2019, e-commerce sales were USD 3.351 trillion, accounting for 13.8% of total retail sales, with a growth rate of 20.5%. By 2020, driven partly by the COVID-19 pandemic, sales surged to USD 4.213 trillion, representing 17.8% of total retail sales and a growth rate of 25.7%. This trend continued in 2021, with e-commerce sales reaching USD 4.921 trillion, making up 19.6% of total retail sales, although the growth rate slowed to 16.8%.
As per the handicrafts industry analysis, from 2022 to 2025, e-commerce sales are projected to increase steadily, from USD 5.545 trillion in 2022 (21.0% of total retail sales) to USD 7.385 trillion by 2025 (24.5% of total retail sales). However, the annual growth rate is expected to decelerate, dropping to 12.7% in 2022 and further to 9.0% by 2025. Despite the slowing growth rate, the consistent increase in the share of e-commerce in total retail sales underscores the ongoing shift towards online shopping. As more consumers turn to online shopping for convenience and variety, artisans and handicraft businesses can leverage e-commerce platforms to reach a broader audience. The growth of e-commerce can facilitate direct-to-consumer sales, reducing reliance on intermediaries and allowing artisans to retain a larger share of profits, which contributes to the handicrafts industry revenue.
According to the Export Promotion Council for Handicrafts (EPCH), in 2022-23, the United States was the largest importer of India's handicrafts, accounting for 37% of exports by India. The United Arab Emirates and the United Kingdom each held a 6% share, followed by Germany (5%), the Netherlands (4%), France (4%), and Australia (2%). The remaining 36% was distributed among other countries. There is a strong demand for Indian handicrafts in Western markets, particularly the United States, which leads significantly and fuels growth of the handicrafts industry. Artisans and exporters should focus on these key markets to enhance their visibility and sales, leveraging the appreciation for unique and culturally rich handcrafted goods.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The handicrafts market is broadly categorised on the basis of product into:
CAGR 2024-2032 - Market by | Product |
Handprinted Textiles and Scarves | 13.5% |
Embroidered and Crocheted Goods | 12.6% |
Woodware | 12.2% |
Artmetal Ware | XX% |
Zari and Zari Goods | XX% |
Others | XX% |
On the bases of end user, the global market is bifurcated into:
CAGR 2024-2032 - Market by | End User |
Residential | 12.2% |
Commercial | 11.6% |
Based on the distribution channel, the market is segmented into:
CAGR 2024-2032 - Market by | Region |
Asia Pacific | 13.3% |
Middle East and Africa | 12.5% |
North America | XX% |
Europe | XX% |
Latin America | XX% |
The EMR report looks into the regional markets in the global market like North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.
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. As per the handicrafts market dynamics and trends, 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. 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.
CAGR 2024-2032 - Market by | Country |
India | 14.1% |
China | 12.9% |
Saudi Arabia | 12.4% |
Canada | 12.1% |
France | 9.2% |
USA | XX% |
UK | XX% |
Germany | XX% |
Italy | XX% |
Japan | 8.1% |
Australia | XX% |
Brazil | XX% |
Mexico | XX% |
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:
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The Asia Pacific region accounts for a substantial market share due to the presence of well-known artisans and manufacturers of handmade products in countries such as India, China, and Bangladesh, among others. Furthermore, due to the low capital investments, the market size of handicrafts is growing, particularly in developing regions such as India and China.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Product |
|
Breakup by End User |
|
Breakup by Distribution Channel |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
Handicrafts Market Regional Analysis
*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.
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 (2018-2023)
8.3 Global Handicrafts Market Forecast (2024-2032)
8.4 Global Handicrafts Market by Product
8.4.1 Woodware
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Artmetal Ware
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Handprinted Textiles and Scarves
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Embroidered and Crocheted Goods
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Zari and Zari Goods
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Imitation Jewellery
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Sculptures
8.4.7.1 Historical Trend (2018-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.4.8 Pottery and Glassware
8.4.8.1 Historical Trend (2018-2023)
8.4.8.2 Forecast Trend (2024-2032)
8.4.9 Attars and Agarbattis
8.4.9.1 Historical Trend (2018-2023)
8.4.9.2 Forecast Trend (2024-2032)
8.4.10 Others
8.5 Global Handicrafts Market by End User
8.5.1 Residential
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Commercial
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Handicrafts Market by Distribution Channel
8.6.1 Mass Retailers
8.6.1.2 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Departmental Stores
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Independent Retailers
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Online Stores
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Handicrafts Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Canada
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
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 (2018-2023)
10.4.1.2 Forecast Trend (2024-2032)
10.4.2 Germany
10.4.2.1 Historical Trend (2018-2023)
10.4.2.2 Forecast Trend (2024-2032)
10.4.3 France
10.4.3.1 Historical Trend (2018-2023)
10.4.3.2 Forecast Trend (2024-2032)
10.4.4 Italy
10.4.4.1 Historical Trend (2018-2023)
10.4.4.2 Forecast Trend (2024-2032)
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 (2018-2023)
11.4.1.2 Forecast Trend (2024-2032)
11.4.2 Japan
11.4.2.1 Historical Trend (2018-2023)
11.4.2.2 Forecast Trend (2024-2032)
11.4.3 India
11.4.3.1 Historical Trend (2018-2023)
11.4.3.2 Forecast Trend (2024-2032)
11.4.4 ASEAN
11.4.4.1 Historical Trend (2018-2023)
11.4.4.2 Forecast Trend (2024-2032)
11.4.5 South Korea
11.4.5.1 Historical Trend (2018-2023)
11.4.5.2 Forecast Trend (2024-2032)
11.4.6 Australia
11.4.6.1 Historical Trend (2018-2023)
11.4.6.2 Forecast Trend (2024-2032)
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 (2018-2023)
12.4.1.2 Forecast Trend (2024-2032)
12.4.2 Argentina
12.4.2.1 Historical Trend (2018-2023)
12.4.2.2 Forecast Trend (2024-2032)
12.4.3 Mexico
12.4.3.1 Historical Trend (2018-2023)
12.4.3.2 Forecast Trend (2024-2032)
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 (2018-2023)
13.4.1.2 Forecast Trend (2024-2032)
13.4.2 United Arab Emirates
13.4.2.1 Historical Trend (2018-2023)
13.4.2.2 Forecast Trend (2024-2032)
13.4.3 Nigeria
13.4.3.1 Historical Trend (2018-2023)
13.4.3.2 Forecast Trend (2024-2032)
13.4.4 South Africa
13.4.4.1 Historical Trend (2018-2023)
13.4.4.2 Forecast Trend (2024-2032)
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 2032
2. Global Handicrafts Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Handicrafts Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Handicrafts Historical Market: Breakup by End User (USD Million), 2018-2023
5. Global Handicrafts Market Forecast: Breakup by End User (USD Million), 2024-2032
6. Global Handicrafts Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
7. Global Handicrafts Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
8. Global Handicrafts Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Handicrafts Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Handicrafts Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Handicrafts Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Handicrafts Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Handicrafts Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Handicrafts Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Handicrafts Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Handicrafts Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Handicrafts Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Handicrafts Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Handicrafts Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Handicrafts Market Structure
In 2023, the global handicrafts market attained a value of nearly USD 787.85 billion.
The market is projected to grow at a CAGR of 11.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 2,149.93 billion by 2032.
The key factors 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.
Top players are Asian Handicrafts Pvt. Ltd., Noah’s Ark International Exports, Matr Boomie, The Citizenry, and Novica, among others.
The Asia Pacific holds the highest share in the region.
Datasheet
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.