Pune, 15 Dec. 2021 (GLOBE NEWSWIRE) — The Handicrafts Market Report 2021 is the extensive study by industry experts for development modules, arrangements, movements and sizes. The report also estimates existing and past market norms to project the potential management of the market through the forecast period between 2021 and 2027. This handicraft research study involved the wide use of sources of primary and secondary data. This contains the study of several parameters affecting the industry, containing the government plan, market situation, competitive landscape, historical data, present market trends, technical invention, future technologies and the technical growth in the related industry.
According to Verified Market Research, Global Handicrafts Market was valued at USD 466720 Million in 2020 and is projected to reach USD 847730 Million by the end of 2027, growing at a CAGR of 8.8% during 2021-2027.
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Handicrafts are made of several materials including sheet metal, wrought iron, natural fibers, wood, river stone, beads, textiles, horn and bone, and ceramics. On the basis of type, the global textile market can be categorized into kitchen utensils, gardening items, toys, office items, furniture & furnishings, jewelry, bathroom accessories, and others.
Growth in international and domestic tourism is also expected to drive the growth of the market over the forecast period. For example, the Japanese government has launched several campaigns to increase tourism in the country. The resulting increase in tourist numbers has led to increased sales of handicrafts in Japan. The tourism boom has fueled the demand for cultural goods, rare souvenirs and indigenous art.
The major market leading companies mainly focus on new ideas associated with inventing and providing craftsmanship. These policies will allow major players to expand their trading boundaries and increase their market position. Here are some of the major players in the craft market:
The main players in the handicraft market are:
- Asian crafts
- Export of Handicrafts and Looms (HHEC)
- Minhou Minxing weaving
- NGOC Dong
- oriental handicrafts
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On the basis of Product, this report displays the production, revenue, price, market share and growth rate of Crafts market types split into:
- Art metal items
- Hand printed textiles and scarves
- Embroidered and crocheted products
- Zari and Zari products
- Imitation jewelry
On the basis of the end-users/applications, this report focuses on the status and outlook for major applications/end-users, sales volume, market share and growth rate of Handicrafts market applications, includes :
- Discount retailers
- Department stores
- Specialty stores
- catalog retailer
- Internet retailer
- Independent retailer
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil etc.)
- Middle East and Africa (Egypt and GCC countries)
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The report published on the handicrafts market provides a detailed description of collaborations, agreements, designations, patent information, etc. The report also provides a detailed description of competitor profiles with key milestones.
A few points covered by TOC:
1 Handicraft Market Overview
2 Handicrafts Market Competition by Manufacturers
3 Handicrafts Retrospective Market Scenario by Regions
4 Global Craftsmanship Historical Market Analysis by Type
5 Global Handicrafts Historic Market Analysis by Application
6 key companies profiled
7 Artisan Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Dynamics of the handicraft market
10 Global Market Forecast
11 Research finding and conclusion
12 Methodology and data source
Answers to key questions in the market research report:
- What are the key overall market statistics or market estimates (market overview, market size – by value, forecast figures, market segmentation, market shares) of the global handicrafts market?
- What is the industry size by region, growth drivers and key market trends?
- What are the current and future major innovations, opportunities, trends, and regulations in the global handicrafts market?
- Who are the leading competitors, what are their key strengths and weaknesses, and how are they performing in the Global Craft Market based on Competitive Benchmarking Matrix?
- What are the key findings derived from the market research conducted during the study on the global handicraft market?
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