Change Language

Select Language

Press Release:

Global Handicrafts Market to Witness Moderate Growth During 2020-2025, Bolstered by Rising Online Retail Channels

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Handicrafts Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global handicrafts market reached a value of US$ 718 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 10% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.

Handicrafts refer to products that are handmade using simple tools and represent the culture and traditions of a country or region. Their production requires considerable hand-eye coordination and intense concentration. Each handcrafted product is unique as each craftsperson applies their strength differently, owing to which every product has distinct qualities. Handicrafts play a vital role in the economic development of a country as they are a prominent medium for foreign exchange revenue, require low capital investments and offer employment opportunities. In addition, handicraft items are perceived as a symbol of status owing to their uniqueness, quality, usage of natural materials, and the essence of vibrant art and culture.

Handicrafts Market Trends:

In recent years, with the emergence of online retail and the proliferation of various e-commerce channels, the accessibility to handicrafts has become more convenient for consumers. This has provided a boost to the sales of handcrafted goods across the globe. Another factor driving the market growth is the shift from ethnic to contemporary designs, coupled with the strong demand from offices, hospitals and hotels. Apart from this, the growing travel and tourism industry has provided vast opportunities to local artisans and handicraft manufacturers to produce commoditized products and sell them to tourists who are willing to spend significantly on souvenirs and other craft items. Moreover, handicrafts have lower energy requirements, unlike machine-made products which involve the utilization of electricity and various other fuels. On account of the low capital investments, the industry is flourishing, particularly in the developing regions such as India, China, and Afghanistan.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global handicrafts market report, along with forecasts for growth at the global, regional and country-level from 2021-2026. Our report has categorized the market based on product type, distribution channel, end user and region.

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

On the basis of the product type, woodware currently represents the most popular type of handicraft products across the globe. These woodwares are also used in the manufacturing of kitchenware, decorative materials, toys, etc.

Breakup by Distribution Channel:

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

The majority of the handicrafts are distributed through mass retailers, also known as discounters, who sell a wide variety of products at lower than conventional prices. 

Breakup by End Use:

  • Residential
  • Commercial

At present, the residential sector dominates the market and is further categorized into home accessories, furniture, jewelry, home textiles and others.   

Regional Insights:

  • Asia-Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America

Region-wise, North America exhibits a clear dominance in the market as consumers in the region are willing to spend substantially on handicrafts, including handmade jewelry, apparel and handcrafted home accessories.

Competitive Landscape:

The global handicrafts market is fragmented in nature with the presence of a large number of small and big manufacturers. Some of the leading players operating in the market are:

  • Asian Handicraft
  • Fakih Group of Companies
  • Shandong Laizhou Arts and Crafts
  • Ten Thousand Villages
  • Oriental Handicrafts Pte. Ltd.
  • NGOC Dong Ha Nam
  • Minhou Minxing Weaving Co. Ltd.
  • Native Crafts and Arts Industries

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
    2.6    Study Assumptions
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Handicrafts Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Price Analysis
        5.4.1    Key Price Indicators
        5.4.2    Price Structure
        5.4.3    Margin Analysis
    5.5    Market Breakup by Product Type
    5.6    Market Breakup by Distribution Channel
    5.7    Market Breakup by End Use
    5.8    Market Breakup by Region
    5.9    Market Forecast
    5.10    SWOT Analysis
        5.10.1    Overview
        5.10.2    Strengths
        5.10.3    Weaknesses
        5.10.4    Opportunities
        5.10.5    Threats
    5.11    Value Chain Analysis
        5.11.1    Overview
        5.11.2    Input Suppliers
        5.11.3    Handicrafts Manufacturers
        5.11.4    Distributors
        5.11.5    Retailers
        5.11.6    End Consumer
    5.12    Porter’s Five Forces Analysis
        5.12.1    Overview
        5.12.2    Bargaining Power of Buyers
        5.12.3    Bargaining Power of Suppliers
        5.12.4    Degree of Rivalry
        5.12.5    Threat of New Entrants
        5.12.6    Threat of Substitutes
    5.13    Key Success Factors
        5.13.1    Impact of Globalization
        5.13.2    Rapid Changes in Market Trends
        5.13.3    Contemporary Minimalism
        5.13.4    Growth in Online Sales
        5.13.5    Heightened Awareness of Environmental and Social Concerns
6   Market Breakup by Product Type
    6.1    Woodware
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Artmetal Ware
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Handprinted Textiles and Scarves
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Embroidered and Crocheted Goods
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Zari and Zari Goods
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Imitation Jewelry
        6.6.1 Market Trends
        6.6.2 Market Forecast
    6.7    Sculptures
        6.7.1 Market Trends
        6.7.2 Market Forecast
    6.8    Pottery and Glass Wares
        6.8.1 Market Trends
        6.8.2 Market Forecast
    6.9    Attars and Agarbattis
        6.9.1 Market Trends
        6.9.2 Market Forecast
    6.10    Others
        6.10.1 Market Trends
        6.10.2 Market Forecast
7   Market Breakup by Distribution Channel
    7.1    Mass Retailers
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Departmental Stores
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Independent Retailers
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Specialty Stores
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Online Stores
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others
        7.6.1 Market Trends
        7.6.2 Market Forecast
8   Market Breakup by End-Use
    8.1    Residential
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Commercial
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Europe
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Asia Pacific
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Latin America
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Forecast
10  Techniques Used for Manufacturing Handicrafts
    10.1    Pottery
    10.2    Basket Weaving
    10.3    Tapestry
    10.4    Mosaic
    10.5    Tatting
    10.6    Engraving
11  Competitive Landscape
    11.1    Market Structure
    11.2    Key Players
12  Key Player Profiles
    12.1    Asian Handicraft
    12.2    Fakih Group of Companies
    12.3    Shandong Laizhou Arts and Crafts
    12.4    Ten Thousand Villages
    12.5    Oriental Handicrafts Pte. Ltd.
    12.6    NGOC Dong Ha Nam
    12.7    Minhou Minxing Weaving Co. Ltd.
    12.8    Native Crafts and Arts Industries
 
List of Figures

Figure 1: Global: Handicrafts: Major Drivers and Challenges
Figure 2: Global: Handicrafts Market: Value Trends (in Billion US$), 2015-2020
Figure 3: Global: Handicrafts Market: Breakup by Product Type (in %), 2020
Figure 4: Global: Handicrafts Market: Breakup by Distribution Channel (in %), 2020
Figure 5: Global: Handicrafts Market: Breakup by End Use (in %), 2020
Figure 6: Global: Handicrafts Market: Breakup by Region (in %), 2020
Figure 7: Global: Handicrafts Market Forecast: Value Trends (in Billion US$), 2021-2026
Figure 8: Global: Handicrafts Industry: SWOT Analysis
Figure 9: Global: Handicrafts Industry: Value Chain Analysis
Figure 10: Global: Handicrafts Industry: Porter’s Five Forces Analysis
Figure 11 Global: Handicrafts Market (Woodware): Value Trends (in Billion US$), 2015 & 2020
Figure 12: Global: Handicrafts Market Forecast (Woodware): Value Trends (in Billion US$), 2021-2026
Figure 13: Global: Handicrafts Market (Artmetal Ware): Value Trends (in Billion US$), 2015 & 2020
Figure 14: Global: Handicrafts Market Forecast (Artmetal Ware): Value Trends (in Billion US$), 2021-2026
Figure 15: Global: Handicrafts Market (Handprinted Textiles and Scarves): Value Trends (in Billion US$), 2015 & 2020
Figure 16: Global: Handicrafts Market Forecast (Handprinted Textiles and Scarves): Value Trends (in Billion US$), 2021-2026
Figure 17: Global: Handicrafts Market (Embroidered and Crotched Goods): Value Trends (in Billion US$), 2015 & 2020
Figure 18: Global: Handicrafts Market Forecast (Embroidered and Crotched Goods): Value Trends (in Billion US$), 2021-2026
Figure 19: Global: Handicrafts Market (Zari and Zari Goods): Value Trends (in Billion US$), 2015 & 2020
Figure 20: Global: Handicrafts Market Forecast (Zari and Zari Goods): Value Trends (in Billion US$), 2021-2026
Figure 21: Global: Handicrafts Market (Imitation Jewelry): Value Trends (in Billion US$), 2015 & 2020
Figure 22: Global: Handicrafts Market Forecast (Imitation Jewelry): Value Trends (in Billion US$), 2021-2026
Figure 23: Global: Handicrafts Market (Sculptures): Value Trends (in Billion US$), 2015 & 2020
Figure 24: Global: Handicrafts Market Forecast (Sculptures): Value Trends (in Billion US$), 2021-2026
Figure 25: Global: Handicrafts Market (Pottery and Glass Ware): Value Trends (in Billion US$), 2015 & 2020
Figure 26: Global: Handicrafts Market Forecast (Pottery and Glass Ware): Value Trends (in Billion US$), 2021-2026
Figure 27: Global: Handicrafts Market (Attars and Agarbattis): Value Trends (in Billion US$), 2015 & 2020
Figure 28: Global: Handicrafts Market Forecast (Attars and Agarbattis): Value Trends (in Billion US$), 2021-2026
Figure 29: Global: Handicrafts Market (Others): Value Trends (in Billion US$), 2015 & 2020
Figure 30: Global: Handicrafts Market Forecast (Others): Value Trends (in Billion US$), 2021-2026
Figure 31: Global: Handicrafts Market: Sales through Mass Retailers (in Billion US$), 2015 & 2020
Figure 32: Global: Handicrafts Market Forecast: Sales through Mass Retailers (in Billion US$) 2021-2026
Figure 33: Global: Handicrafts Market: Sales through Departmental Stores (in Billion US$), 2015 & 2020
Figure 34: Global: Handicrafts Market Forecast: Sales through Departmental Stores (in Billion US$), 2021-2026
Figure 35: Global: Handicrafts Market: Sales through Independent Retailers (in Billion US$), 2015 & 2020
Figure 36: Global: Handicrafts Market Forecast: Sales through Independent Retailers (in Billion US$), 2021-2026
Figure 37: Global: Handicrafts Market: Sales through Specialty Stores (in Billion US$), 2015 & 2020
Figure 38: Global: Handicrafts Market Forecast: Sales through Specialty Stores (in Billion US$), 2021-2026
Figure 39: Global: Handicrafts Market: Sales through Online Stores (in Billion US$), 2015 & 2020
Figure 40: Global: Handicrafts Market Forecast: Sales through Online stores (in Billion US$), 2021-2026
Figure 41: Global: Handicrafts Market: Sales through Other Distribution Channels (in Billion US$), 2015 & 2020
Figure 42: Global: Handicrafts Market Forecast: Sales through Other Distribution Channels (in Billion US$), 2021-2026
Figure 43: Global: Handicrafts Market (Residential): Value Trends (in Billion US$), 2015 & 2020
Figure 44: Global: Handicrafts Market Forecast (Residential): Value Trends (in Billion US$), 2021-2026
Figure 45: Global: Handicrafts Market (Commercial): Value Trends (in Billion US$), 2015 & 2020
Figure 46: Global: Handicrafts Market Forecast (Commercial): Value Trends (in Billion US$), 2021-2026
Figure 47: North America: Handicrafts Market: Value Trends (in Billion US$), 2015 & 2020
Figure 48: North America: Handicrafts Market Forecast: Value Trends (in Billion US$), 2021-2026
Figure 49: Europe: Handicrafts Market: Value Trends (in Billion US$), 2015 & 2020
Figure 50: Europe: Handicrafts Market Forecast: Value Trends (in Billion US$), 2021-2026
Figure 51: Asia-Pacific: Handicrafts Market: Value Trends (in Billion US$), 2015 & 2020
Figure 52: Asia-Pacific: Handicrafts Market Forecast: Value Trends (in Billion US$), 2021-2026
Figure 53: Latin America: Handicrafts Market: Value Trends (in Billion US$), 2015 & 2020
Figure 54: Latin America: Handicrafts Market Forecast: Value Trends (in Billion US$), 2021-2026
Figure 55: Middle East and Africa: Handicrafts Market: Value Trends (in Billion US$), 2015 & 2020
Figure 56: Middle East and Africa: Handicrafts Market Forecast: Value Trends (in Billion US$), 2021-2026
Figure 57: Global: Handicraft Market: Manufacturing Cost Breakup (in %)
Figure 58: Global: Handicrafts Industry: Profit Margins at Various Stages of Supply

List of Tables

Table 1: Global: Handicrafts Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Handicrafts Market: Trade Organizations
Table 3: Global: Handicrafts Market: Major E-Commerce Companies
Table 4: Global: Handicrafts Market Forecast: Breakup by Product type (in Billion US$), 2021-2026
Table 5: Global: Woodware Market: Major Products
Table 6: Global: Artmetal Ware Market: Major Products
Table 7: Global: Handprinted Textiles and Scarves Market: Major Products
Table 8: Global: Embroidered and Crocheted Market: Major Products
Table 9: Global: Zari and Zari goods Market: Major Products
Table 10: Global: Imitation Jewelry Market: Major Products
Table 11: Global: Sculptures Market: Major Products
Table 12: Global: Pottery and Glassware Market: Major Products
Table 13: Global: Attars and Agarbattis Market: Major Products
Table 14: Global: Handicrafts Market Forecast: Breakup by Distribution Channels (in Billion US$), 2021-2026
Table 15: Global: Handicrafts Market Forecast: Breakup by End-Use (in Billion US$), 2021-2026
Table 16: Global: Handicrafts Market Forecast: Breakup by Region (in Billion US$), 2021-2026
Table 17: Global: Handicrafts Market: Major Techniques Used
Table 18: Global: Handicrafts Market: Competitive Structure
Table 19: Global: Handicrafts Market: Key Players

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Key Question Answered in this Report

The global handicrafts market was valued at US$ 718 Billion in 2020.

Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in supply chain disruptions of handicraft products.

We expect the global handicrafts market to exhibit a CAGR of around 10% during 2021-2026.

In recent years, with the emergence of e-commerce channels, the accessibility to handicraft products has become more convenient for consumers, thereby representing one of the key factors catalyzing the global handicrafts market.

Based on the product type, the global 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, where woodware holds the largest market share.

Based on the distribution channel, the global handicrafts market has been bifurcated into mass retailers, departmental stores, independent retailers, specialty stores, online stores, and others. Among these, mass retailers exhibit a clear dominance in the market.

Based on the end use, the global handicrafts market can be segmented into residential and commercial. Currently, the residential sector represents the largest segment.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global handicrafts market include Asian Handicraft, Fakih Group of Companies, Shandong Laizhou Arts and Crafts, Ten Thousand Villages, Oriental Handicrafts Pte. Ltd., NGOC Dong Ha Nam, Minhou Minxing Weaving Co. Ltd., and Native Crafts and Arts Industries.

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Related Report

Europe Adult Diaper Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Read More

GCC Adult Diaper Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Read More

India Adult Diaper Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Read More

United States Adult Diaper Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Read More

Air Freshener Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Read More

Purchase Options




$ 2299

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )

Drop us an email at

sales@imarcgroup.com

Social Links