Craft Market Analysis 2022-2027, Industry Trends, Share, Size, Growth and Forecast – Queen Anne and Mangolia News

The latest research study, “Handicraft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” was added by the IMARC group. The Global handicraft market size reached 680 billion US$ in 2021. Looking ahead, the market is forecast to reach 1.252 billion US$ by 2027, with a CAGR of 10.41% during the period 2022-2027.

Handicraft refers to handmade products that are prepared using simple tools instead of machines. Some of the materials used to create decorative items include sheet metal, wood, natural fibers, beads, stones, wrought iron, textiles, paper, and ceramics. Handicrafts represent the artistic side of the traditions or cultures of a country or region. Moreover, they play an important role in the economic development of a country as they provide job opportunities and are an important source of foreign exchange earnings. Apart from that, handicrafts are seen as a status symbol due to their uniqueness and vibrant artistry.

Market trends

The proliferation of online retail channels represents one of the major drivers of market growth. A growing number of e-commerce platforms are now supporting craft sales as people are willing to spend on craft items. In addition, unlike machine-made products, the preparation of artisanal products requires little energy because it eliminates the use of electricity or any other fuel. This associated convenience is driving the market growth significantly. Additionally, there is a growing demand for handmade decorative items in the residential and commercial sectors. With this in mind, manufacturers are introducing modern designs to cater to consumer tastes and preferences, which, in turn, acts as a growth factor.

Request a free sample of this report: https://www.imarcgroup.com/handicrafts-market/requestsample

Apart from this, the governments of several countries have taken initiatives to strengthen their travel and tourism industry, while investing in various programs encouraging craft production. Sincere efforts are being made, both at the governmental and non-governmental level, to streamline the production process and day-to-day operations, with the aim of economically empowering field workers. This consequently attracts a large number of domestic and international investors, which creates a positive outlook for the market. Some of the other factors driving the growth of the market are swelling income levels and a shift towards ethnic decorative items.

Competitive landscape

The competitive landscape of the market has also been examined with some of the major players being Asian Handicrafts, Fakih Handicrafts, Shandong Laizhou Handicrafts, Ten Thousand Villages, Indigenous Handicrafts & Arts, Gallery of crafts, Minhou Minxing weaving, NGOC Dong Ha Nam. and oriental crafts.

Purchase the full report with full table of contents: https://www.imarcgroup.com/checkout/detail?id=921&method=1

Market Segmentation Overview:

Market breakdown by product

1. Wooden items

2. Art metal items

3. Hand-printed textiles and scarves

4. Embroidered and crocheted products

5. Zari and Zari products

6. Imitation Jewelry

7. Others

Market breakdown by distribution channel

1. Mass retailers

2. Department stores

3. Specialty shops

4. Independent retailers

5. Online

6. Others

Market Breakdown by End Use

1. Residential

2. Commercial

Based on end use, the report finds that residential currently represents the largest craft end use segment, followed by commercial.

Market Breakdown by Region

1. North America

2. Europe

3. Asia-Pacific

4. Middle East and Africa

5. Latin America

Browse related reports:

Beard Grooming Products Market 2021-26 | Report on industry trends, market share, size, growth and forecast

Facial Makeup Market Analysis 2021-26: Industry Trends, Share, Size, Growth and Forecast

Lip Care Products Market 2021-26, Global Industry Trends, Share, Size, Growth and Opportunities

India Conveyor Belt Market Size 2021-26: Share, Growth, Trends and Forecast Report

List of Top 10 Indian Handicraft Companies

United States Craft Market Report 2021-26: Industry Analysis, Size, Share, Trends and Forecast

List of the best craft companies in the world

India Handicraft Market Report 2022-27: Industry Analysis, Size, Share, Trends and Forecast

Asia-Pacific Handicrafts Market 2021-26: Industry Analysis, Size, Share, Trends and Forecast Report

About Us

The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.

contact us

IMARC Group
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on Twitter: @immarcglobal