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North America Handicrafts Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The North America handicrafts market reached a value of around US$ 218 Billion in 2018. Handicrafts, also known as artisanry, handcrafting, crafting, and handcraftsmanship, can be defined as unique artefacts representing the tradition, culture and heritage of a country. They include products which are prepared either entirely by hand or with the help of tools. Handicraft products can have different values including aesthetic, creative, decorative, traditional, utilitarian, artistic, functional, cultural, social and religious. They play a vital role in the economic development of a country as handicrafts are a prominent medium for foreign exchange revenue, require low capital investments and offer employment opportunities.

North America Handicrafts Market Report

The origin of handicrafts cannot be pinpointed to an era or year as they are connected to the inception of a culture and tradition itself. However, decorative arts gained new appreciation with the initiation of the Arts and Crafts Movements which developed in the latter half of the 19th Century in Europe with a continuation by designers in North America. Subsequently, the movement emerged in the 1920s in Japan and was known as the Mingei movement. It had a significant effect in Europe until the 1930s when the movement was replaced by Modernism which defined various cultural trends and changes in western society during the late 19th Century and early 20th Century. With time, handicrafts also gained immense popularity and importance across the globe.

North America handicrafts market is currently being driven by several factors. Rising travel and tourism in the region has attracted large number of international visitors offering many opportunities to local handicraft manufacturers to sell their products to tourists as they are willing to spend significant amount of money on souvenirs and other craft items. Moreover, with the emergence of online retailing and proliferation of various e-commerce websites, the accessibility to handicrafts has significantly increased. Consumers can now buy handicraft items by the click of their smartphones and have them shipped anywhere in the world. Moreover, social media and the internet have made it more convenient for craftsmen to directly access their target markets. Catalyzed by the aesthetic appeal and unique designs of handmade décor accessories, the demand in homes, offices, restaurants and other commercial places has escalated. Furthermore, the use of handmade products in the gifting industry has provided a positive impact on the growth of the market. Apart from this, handicrafts are non-essential items with a strong correlation with disposable incomes. Driven by strong economic growth of the region, per capita incomes have been increasing continuously over the past few decades. This has triggered the demand for high-quality, luxurious and vintage handmade products across the region. Handcrafted products have proved to be unique, customized, cost-effective, environment-friendly and have diversified product portfolio such as metal wares, wood wares, hand printed textiles, shawls, carpets, earthenware, jute products, marble sculptures, imitation jewelry and various other miscellaneous handicrafts. Looking forward, IMARC Group expects the market to reach a value of US$ 402 Billion by 2024, registering a CAGR of nearly 11% during 2019-2024.


Report Scope:

  • North America Handicrafts Market
     
  • Key Regions Analyzed
    • United States
    • Canada
    • Mexico
       
  • Analysis for Each Country
  • Market 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
       
  • Market by End-Use
    • Residential
    • Commercial
       
  • Market by Distribution Channel
    • Mass Retailers
    • Departmental Stores
    • Independent Retailers
    • Specialty Stores
    • Online Stores
    • Others
       
  • Value Chain Analysis
  • Key Drivers and Challenges
  • Porters Five Forces Analysis
  • PESTEL Analysis
  • Competitive Landscape
    • Competitive Structure
    • Key Player Profiles


Key Questions Answered in This Report:

  • How has the North America handicrafts market performed so far and how will it perform in the coming years?
  • What are the key regions in the North America handicrafts market?
  • What is the breakup of the North America handicrafts market on the basis of product type?
  • What is the breakup of the North America handicrafts market on the basis of end-use?
  • What is the breakup of the North America handicrafts market on the basis of distribution channel?
  • What are the various stages in the value chain of the North America handicrafts industry?
  • What are the key driving factors and challenges in the North America handicrafts industry?
  • What is the structure of the North America handicrafts industry and who are the key players?
  • What is the degree of competition in the North America handicrafts industry?


Report Coverage:

  • Base Year Considered: 2018
  • Historical Data Coverage: 2013-2018
  • Market Forecast: 2019-2024
  • Currency: US$
  • Geography Covered: North America, United States, Canada and Mexico
  • Segments Covered: Product Type, End-Use and Distribution Channel


IMARC Group’s latest report provides a deep insight into the North America handicrafts market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America handicrafts market in any manner.

Report Customization: Although IMARC has tried to cover everything in the North America handicrafts market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.

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
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Handicrafts Market
    5.1    Market Performance
    5.2    Market Breakup by Product Type
    5.3    Market Breakup by End-Use
    5.3    Market Breakup by Distribution Channel 
    5.4    Market Breakup by Region 
    5.5    Market Forecast 
6    North America Handicrafts Market
    6.1    Market Performance
    6.2    Market Forecast 
7    North America Handicrafts Market: Breakup by Product Type 
    7.1    Woodware
    7.2    Artmetal Ware
    7.3    Handprinted Textiles and Scarves
    7.4    Embroidered and Crocheted Goods
    7.5    Zari and Zari Goods
    7.6    Imitation Jewelry
    7.7    Sculptures
    7.8    Pottery and Glass Wares
    7.9    Attars and Agarbattis
    7.10    Others
8    North America Handicrafts Market: Breakup by End-Use
    8.1    Residential
    8.2    Commercial
9    North America Handicrafts Market: Breakup by Distribution Channel 
    9.1    Mass Retailers
    9.2    Departmental Stores
    9.3    Independent Retailers
    9.4    Specialty Stores
    9.5    Online Stores
    9.6    Others
10    North America Handicrafts Market: Breakup by Country 
    10.1   United States
     10.1.1    Historical Market Trends
     10.1.2    Market Breakup by Product Type
     10.1.3    Market Breakup by End-Use
     10.1.4    Market Breakup by Distribution Channel
     10.1.5    Market Forecast
    10.2   Canada
     10.2.1    Historical Market Trends
     10.2.2    Market Breakup by Product Type
     10.2.3    Market Breakup by End-Use
     10.2.4    Market Breakup by Distribution Channel
     10.2.5    Market Forecast
    10.3   Mexico
     10.3.1    Historical Market Trends
     10.3.2    Market Breakup by Product Type
     10.3.3    Market Breakup by End-Use
     10.3.4    Market Breakup by Distribution Channel
     10.3.5    Market Forecast
11    SWOT Analysis 
    11.1    Overview 
    11.2    Strengths
    11.3    Weaknesses 
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis 
    12.1    Overview
    12.2    Input Suppliers
    12.3    Handicrafts Manufacturers
    12.4    Distributors
    12.5    Retailers
    12.6    End-Consumers
13    Porter’s Five Forces Analysis 
    13.1     Overview
    13.2     Bargaining Power of Buyers
    13.3     Bargaining Power of Suppliers
    13.4     Degree of Rivalry
    13.5     Threat of New Entrants
    13.6     Threat of Substitutes
14    Price Analysis 
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players

List of Figures

Figure 1: Global: Handicrafts Market: Sales Value (in Billion US$), 2013-2018
Figure 2: Global: Handicrafts Market: Breakup by Product Type (in %), 2018
Figure 3: Global: Handicrafts Market: Breakup by End-Use (in %), 2018
Figure 4: Global: Handicrafts Market: Breakup by Distribution Channel (in %), 2018
Figure 5: Global: Handicrafts Market: Breakup by Region (in %), 2018
Figure 6: Global: Handicrafts Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 7: North America: Handicrafts Market: Sales Value (in Billion US$), 2013-2018
Figure 8: North America: Handicrafts Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 9: North America: Handicrafts Industry: SWOT Analysis
Figure 10: North America: Handicrafts Industry: Value Chain Analysis
Figure 11: North America: Handicrafts Industry: Porter’s Five Forces Analysis
Figure 12: North America: Handicrafts Market: Breakup by Product Type (in %), 2018
Figure 13: North America: Handicrafts (Woodware) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 14: North America: Handicrafts (Woodware) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 15: North America: Handicrafts (Handprinted Textiles and Scarves) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 16: North America: Handicrafts (Handprinted Textiles and Scarves) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 17: North America: Handicrafts (Embroidered and Crocheted Goods) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 18: North America: Handicrafts (Embroidered and Crocheted Goods) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 19: North America: Handicrafts (Zari and Zari Goods) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 20: North America: Handicrafts (Zari and Zari Goods) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 21: North America: Handicrafts (Imitation Jewelry) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 22: North America: Handicrafts (Imitation Jewelry) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 23: North America: Handicrafts (Sculptures) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 24: North America: Handicrafts (Sculptures) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 25: North America: Handicrafts (Pottery and Glass Wares) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 26: North America: Handicrafts (Pottery and Glass Wares) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 27: North America: Handicrafts (Attars and Agarbattis) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 28: North America: Handicrafts (Attars and Agarbattis) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 29: North America: Handicrafts (Other Product Types) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 30: North America: Handicrafts (Other Product Types) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 31: North America: Handicrafts Market: Breakup by End-Use (in %), 2018
Figure 32: North America: Handicrafts (Residential) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 33: North America: Handicrafts (Residential) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 34: North America: Handicrafts (Commercial) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 35: North America: Handicrafts (Commercial) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 36: North America: Handicrafts Market: Breakup by Distribution Channel (in %), 2018
Figure 37: North America: Handicrafts Sale Through Mass Retailers Market: Sales Value (in Billion US$), 2013 & 2018
Figure 38: North America: Handicrafts Sale Through Mass Retailers Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 39: North America: Handicrafts Market: Sales Through Departmental Stores (in Billion US$), 2013 & 2018
Figure 40: North America: Handicrafts Market Forecast: Sales Through Departmental Stores (in Billion US$), 2019-2024
Figure 41: North America: Handicrafts Market: Sales Through Independent Retailers (in Billion US$), 2013 & 2018
Figure 42: North America: Handicrafts Market Forecast: Sales Through Independent Retailers (in Billion US$), 2019-2024
Figure 43: North America: Handicrafts Market: Sales Through Specialty Stores (in Billion US$), 2013 & 2018
Figure 44: North America: Handicrafts Market Forecast: Sales Through Specialty Stores (in Billion US$), 2019-2024
Figure 45: North America: Handicrafts Market: Sales Through Online Stores (in Billion US$), 2013 & 2018
Figure 46: North America: Handicrafts Market Forecast: Sales Through Online Stores (in Billion US$), 2019-2024
Figure 47: North America: Handicrafts Market: Sales Through Other Distribution Channels (in Billion US$), 2013 & 2018
Figure 48: North America: Handicrafts Market Forecast: Sales Through Other Distribution Channels (in Billion US$), 2019-2024
Figure 49: United States: Handicrafts Market: Sales Value (in Billion US$), 2013-2018
Figure 50: United States: Handicrafts Market: Breakup by Product Type (in %), 2018
Figure 51: United States: Handicrafts Market: Breakup by End-Use (in %), 2018
Figure 52: United States: Handicrafts Market: Breakup by Distribution Channel (in %), 2018
Figure 53: United States: Handicrafts Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 54: Canada: Handicrafts Market: Sales Value (in Billion US$), 2013-2018
Figure 55: Canada: Handicrafts Market: Breakup by Product Type (in %), 2018
Figure 56: Canada: Handicrafts Market: Breakup by End-Use (in %), 2018
Figure 57: Canada: Handicrafts Market: Breakup by Distribution Channel (in %), 2018
Figure 58: Canada: Handicrafts Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 59: Mexico: Handicrafts Market: Sales Value (in Billion US$), 2013-2018
Figure 60: Mexico: Handicrafts Market: Breakup by Product Type (in %), 2018
Figure 61: Mexico: Handicrafts Market: Breakup by End-Use (in %), 2018
Figure 62: Mexico: Handicrafts Market: Breakup by Distribution Channel (in %), 2018
Figure 63: Mexico: Handicrafts Market Forecast: Sales Value (in Billion US$), 2019-2024


List of Tables

Table 1: North America: Handicrafts Market: Key Industry Highlights, 2018 and 2024
Table 2: North America: Handicrafts Market Forecast: Breakup by Product Type (in Billion US$), 2019-2024
Table 3: North America: Handicrafts Market Forecast: Breakup by End-Use (in Billion US$), 2019-2024
Table 4: North America: Handicrafts Market Forecast: Breakup by Distribution Channel (in Billion US$), 2019-2024
Table 5: North America: Handicrafts Market Forecast: Breakup by Region (in Billion US$), 2019-2024
Table 6: North America: Handicrafts Market: Competitive Structure
Table 7: North America: Handicrafts Market: Key Players

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