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The India handicrafts market is expected to exhibit a CAGR of 7.8% during 2022-2027. 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 sectors. These insights are included in the report as a major market contributor.
Handicrafts refer to unique artifacts that are either handmade or made using simple tools instead of machines. They represent the traditional, cultural and artistic values of a place or nation. As they add aesthetic and decorative value, their demand is escalating across India.
Significant advancements in the accessibility of handicraft products on various online portals are strengthening the market growth in India. Besides this, handicrafts are gaining immense popularity due to the increasing travel and tourism in the country. Tourists spend a considerable amount on purchasing souvenirs and other craft items, thereby expanding the scope for local artisans and craftsmen to produce and sell efficient handicrafts. Moreover, the escalating demand for handmade décor accessories in homes, offices and restaurants, along with the increasing demand from the gifting industry, is propelling the market growth. Furthermore, the inflating disposable incomes and the increasing willingness among individuals to invest in vintage and high-quality handicraft products are impelling the market growth in the country. However, the increasing cases of the coronavirus disease (COVID-19) and consequent lockdowns by the Government of India have negatively influenced the handicrafts market. The market will experience growth once lockdown restrictions are uplifted.
IMARC Group provides an analysis of the key trends in each sub-segment of the India handicrafts market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on product type, distribution channel and end use.
Breakup by Product Type:
Breakup by Distribution Channel:
Breakup by End Use:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Product Type, Distribution Channel, End Use, Region|
|Region Covered||North India, East India, West and Central India, South India|
|Customization Scope||10% Free Customization|
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|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)|
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