The latest research study, “Indian Handicrafts Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” has been added by IMARC Group. The Indian handicraft market is expected to grow at a CAGR of 7.8% during the period 2022-2027.
Handicraft refers to a wide range of textiles, pieces of embroidery, ceramics, handicrafts, jewelry, etc., created by hand or using simple tools instead of machines. These unique objects represent the culture, heritage and tradition of a particular region and have different social, aesthetic and religious values.
Like the novel coronavirus (COVID-19[feminine]) the crisis is taking over the world, we are constantly monitoring the changes in the markets, as well as the purchasing behavior of consumers around the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic.
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Many traditional techniques are applied to make handicrafts including painting, hand dyeing, hand weaving, wood carving, etc. In recent years, handicrafts have gained immense popularity as they require low capital investment, produce foreign exchange earnings and provide employment opportunities.
The expansion of the e-commerce industry is mainly driving the handicraft market in india. In addition to this, the craft is gaining popularity due to the growth of travel and tourism in the country. Tourists spend considerable sums on souvenirs and other handicrafts, providing local artisans with the opportunity to make and sell handicrafts.
Moreover, the growing demand for handmade decorative accessories in homes, restaurants and offices is also giving impetus to the market. Various other factors including consumer disposable income inflation and increasing willingness of individuals to invest in vintage and high quality handicrafts are expected to further propel the handicrafts market in India over the coming years.
Top Indian Handicraft Companies
Breakdown by product type:
- Art metal items
- Hand printed textiles and scarves
- Embroidered and crocheted products
- Zari and Zari products
- Imitation jewelry
- Pottery and glassware
- Attars and Agarbattis
Breakdown by distribution channel:
- Mass retailers
- Departmental stores
- Independent retailers
- Specialty stores
- Online stores
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Breakdown by end use:
Breakdown by region:
- North India
- West and Central India
- South India
- Eastern India
Note – We are updating our reports, if you want the latest primary and secondary data (2021-2026) with cost module, business strategy, distribution channel, etc. Click on request a sample free report, the published report will be delivered to you in PDF format via email within 24 to 48 hours.
Browse related reports:
Global Handicrafts Market Report: https://www.fortbendnow.com/handicrafts-market-estimated-to-reach-us-xxx-billion-globally-by-2027/
U.S. Crafts Market Report: https://industrialit.com.au/united-states-handicrafts-market-report-2021-industry-analysis-trends-demand-and-business-opportunities/
Asia-Pacific Handicrafts Market Report: https://www.riponcollegedays.com/asia-pacific-handicrafts-market-report-2021-top-manufacturers-market-size-opportunities-and-forecast-by-2026/
Report on the craft market in Europe: https://bit.ly/2QUk5MQ
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