United States Handicrafts Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

United States Handicrafts Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A3006
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Market Overview:

The United States handicrafts market size reached US$ 268.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 467.6 Billion by 2028, exhibiting a growth rate (CAGR) of 9.8% during 2023-2028.

Handicrafts, also known as artisanry, refer to handmade products that are made using simple tools instead of machines. They represent the culture and traditions of a community and add aesthetic, decorative and artistic value to a space. At present, handicrafts are gaining immense popularity in the United States as they are widely used for generating foreign exchange revenues that require low capital investments.

There is a significant rise in the demand for handicraft products in the United States on account of the constant support of various institutions, such as the Association of Crafts and Creative Industries (ACCI), Home Industries Association (HIA), and the Southwest Craft and Hobby Association (SWCHA). Apart from this, various handicraft merchants are relying on antique techniques, such as woodblock, printing, handloom weaving and hand dyeing to produce glasswork, ceramics, and accessories. They are also expanding their businesses via online platforms, which, in turn, 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 United States handicrafts market report, along with forecasts at the country and regional 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 Region:

  • Northeast
  • Midwest
  • South
  • West
     

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, Region
Region Covered Northeast, Midwest, South, West
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 United States handicrafts market was valued at US$ 268.3 Billion in 2022.

We expect the United States handicrafts market to exhibit a CAGR of 9.8% during 2023-2028.

The expanding travel and tourism industry, along with the growing utilization of handicraft items as souvenirs, owing to their uniqueness, is primarily driving the United States 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 the nation.

Based on the product type, the United States 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 United States 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 United States 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 Northeast, Midwest, South, and West.

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United States Handicrafts Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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