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Global Handicrafts Market: By Product Type: Mass Retailers, Departmental Stores, Independent Retailers, Others; By Distribution Channel; By End Use; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Techniques Used for Manufacturing Handicrafts; Competitive Landscape; Industry Events and Developments
Global Handicrafts Market Outlook
The global handicrafts market stood at a value of USD 647.57 billion in 2020. The handicrafts market is projected to witness a CAGR of 10.9% over the forecast period of 2022-2027. It is expected to reach USD 1,204.7 billion by 2026.
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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.
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The handicrafts market is broadly categorized on the basis of product types:
- 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
Based on the distribution channel, the industry can be segmented into:
- Mass Retailers
- Departmental Stores
- Independent Retailers
- Specialty Stores
- Online Stores
- Others
The major end-use sectors of the global handicrafts market is bifurcated into:
- Residential
- Commercial
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.
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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. Orient Handicraft Co., Ltd
- Native Crafts and Arts
- 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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Distribution Channel, End Use, Region |
| Breakup by Product Type | 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 Distribution Channel | Mass Retailers, Departmental Stores, Independent Retailers, Specialty Stores, Online Stores, Others |
| Breakup by End Use | Residential, Commercial |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends-Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Asian Handicrafts Pvt. Ltd. Orient Handicraft Co., Ltd, Native Crafts and Arts, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Handicrafts Market Analysis
8.1 Key Industry Highlights
8.2 Global Handicrafts Historical Market (2017-2021)
8.3 Global Handicrafts Market Forecast (2022-2027)
8.4 Global Handicrafts Market by Product Type
8.4.1 Woodware
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Artmetal Ware
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Handprinted Textiles and Scarves
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Embroidered and Crocheted Goods
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Zari and Zari Goods
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2017-2021)
8.4.5.3 Forecast Trend (2022-2027)
8.4.6 Imitation Jewellery
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2017-2021)
8.4.6.3 Forecast Trend (2022-2027)
8.4.7 Sculptures
8.4.7.1 Market Share
8.4.7.2 Historical Trend (2017-2021)
8.4.7.3 Forecast Trend (2022-2027)
8.4.8 Pottery and Glassware
8.4.8.1 Market Share
8.4.8.2 Historical Trend (2017-2021)
8.4.8.3 Forecast Trend (2022-2027)
8.4.9 Attars and Agarbattis
8.4.9.1 Market Share
8.4.9.2 Historical Trend (2017-2021)
8.4.9.3 Forecast Trend (2022-2027)
8.4.10 Others
8.5 Global Handicrafts Market by Distribution Channel
8.5.1 Mass Retailers
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Departmental Stores
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Independent Retailers
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Specialty Stores
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.5.5 Online Stores
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2017-2021)
8.5.5.3 Forecast Trend (2022-2027)
8.5.6 Others
8.6 Global Handicrafts Market by End Use
8.6.1 Residential
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Commercial
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.7 Global Handicrafts Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Techniques Used for Manufacturing Handicrafts
11.1 Pottery
11.2 Basket Weaving
11.3 Tapestry
11.4 Mosaic
11.5 Tatting
11.6 Engraving
12 Value Chain Analysis
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Company Profiles
14.3.1 Asian Handicrafts Pvt. Ltd.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Demographic Reach and Achievements
14.3.1.4 Certifications
14.3.2 Orient Handicraft Co., Ltd
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Demographic Reach and Achievements
14.3.2.4 Certifications
14.3.3 Native Crafts and Arts
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Demographic Reach and Achievements
14.3.3.4 Certifications
14.3.4 Others
15 Industry Events and Developments
List of Key Figures and Tables
1. Global Handicrafts Market: Key Industry Highlights, 2016 and 2026
2. Global Handicrafts Historical Market: Breakup by Product Type (USD Billion), 2017-2021
3. Global Handicrafts Market Forecast: Breakup by Product Type (USD Billion), 2022-2027
4. Global Handicrafts Historical Market: Breakup by Distribution Channel (USD Billion), 2017-2021
5. Global Handicrafts Market Forecast: Breakup by Distribution Channel (USD Billion), 2022-2027
6. Global Handicrafts Historical Market: Breakup by End Use (USD Billion), 2017-2021
7. Global Handicrafts Market Forecast: Breakup by End Use (USD Billion), 2022-2027
8. Global Handicrafts Historical Market: Breakup by Region (USD Billion), 2017-2021
9. Global Handicrafts Market Forecast: Breakup by Region (USD Billion), 2022-2027
10. North America Handicrafts Historical Market: Breakup by Country (USD Billion), 2017-2021
11. North America Handicrafts Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Europe Handicrafts Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Europe Handicrafts Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Asia Pacific Handicrafts Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Asia Pacific Handicrafts Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Latin America Handicrafts Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Latin America Handicrafts Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Middle East and Africa Handicrafts Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Middle East and Africa Handicrafts Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Global Handicrafts Market Structure
Key Questions Answered in the Report
In 2020, the global handicrafts market attained a value of nearly USD 647.57 billion.
The market is projected to grow at a CAGR of 10.9% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach about USD 1,204.7 billion by 2026.
The major drivers of the industry, 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.
The woodware segment is the leading handicrafts product type in the industry.
The mass retailer segment leads the distribution channel segment.
The residential segment accounted for the leading end-use sector of handicrafts.
The major players in the industry are Asian Handicrafts Pvt. Ltd., Orient Handicraft Co., Ltd, and Native Crafts and Arts, among others.
Analyst Review
The global handicrafts market attained a value of USD 647.57 billion in 2020, 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 2022-2027, growing at a CAGR of 10.9%. The handicrafts market is projected to reach USD 1,204.7 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, 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 uses, 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., Orient Handicraft Co., Ltd, Native Crafts and Arts, and 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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