The Europe handicrafts market size reached US$ 245.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 454.3 Billion by 2028, exhibiting a growth rate (CAGR) of 9.6% during 2023-2028.
Also known as handcrafting, crafting or artisanry, handicrafts refer to handmade artifacts representing the culture and traditions of a nation or community. They play a vital role in adding aesthetic, decorative, creative, artistic, functional, traditional, social and religious value to a space. Consequently, handicrafts act as a vital source of generating employment in Europe.
The market is primarily driven by the escalating demand for handicrafts items, such as silk and cashmere scarves, hand-woven rugs and carpets, pashmina shawls and wooden home décor, in Europe. Apart from this, the rising demand for eco-friendly products that are made using jute and bamboo are also contributing to the market growth. Furthermore, leading industry players are focusing on collaborations to introduce a fusion of ethnic and contemporary handicraft designs, which is strengthening the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe handicrafts market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on product type, distribution channel and end-use.
Breakup by Product Type:
Woodware
Artmetal Ware
Handprinted Textiles and Scarves
Embroidered and Crocheted Goods
Zari and Zari Goods
Imitation Jewelry
Sculptures
Pottery and Glass wares
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 Country:
Germany
France
United Kingdom
Italy
Spain
Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2022
Historical Period
2017-2022
Forecast Period
2023-2028
Units
US$ Billion
Segment Coverage
Product Type, Distribution Channel, End Use, Country
Countries Covered
Germany, France, United Kingdom, Italy, Spain, Others
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The Europe handicrafts market was valued at US$ 245.5 Billion in 2022.
We expect the Europe handicrafts market to exhibit a CAGR of 9.6% during 2023-2028.
The expanding travel and tourism industry, along with the growing demand for handicraft items as souvenirs, owing to their uniqueness, is primarily driving the Europe handicrafts market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of handicraft products across several European nations.
Based on the product type, the Europe handicrafts market can be divided into woodware, artmetal ware, handprinted textiles and scarves, embroidered and crocheted goods, Zari and Zari goods, imitation jewelry, sculptures, pottery and glass wares, attars and agarbattis, and others. Currently, woodware holds the majority of the total market share.
Based on the distribution channel, the Europe handicrafts market has been bifurcated into mass retailers, departmental stores, independent retailers, specialty stores, online stores, and others. Among these, mass retailers currently exhibit a clear dominance in the market.
Based on the end use, the Europe handicrafts market can be segmented into residential and commercial. Currently, residential accounts for the largest market share.
On a regional level, the market has been classified into Germany, France, United Kingdom, Italy, Spain, and others, where United Kingdom currently dominates the Europe handicrafts market.
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