Handicrafts Market Expected to Grow USD 514.92 Billion from 2020 to 2025 | need low capital investment to drive growth | Over 17,000 Technavio reports |

NEW YORK, January 13, 2022 /PRNewswire/ — The “Handicraft Market by Product (Metal Art & Jewelry, Wooden, Textile and Other) and Geography (North America, EuropeAPAC, MEA and South America) – Forecasts and Analysis 2021-2025report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proud to have partnered with over 100 Fortune 500 companies for over 16 years. 35% of market growth will come from North America during the forecast period. The United States is the key market for the craft market in North America. Market growth in this region will be slower than market growth in Europe. Presence of favorable government policies for the import of handicrafts and growing demand for handicraft products such as hand-printed textiles, metalware and embroidered items will facilitate the growth of the handicraft market in North America over the forecast period

The difference in potential growth of the handicrafts market between 2020 and 2025 is $514.92 billion. To get the exact annual growth variance and annual growth rate, Talk to our analyst.

Key Market Dynamics:

  • market engine
  • Market challenges

the low capital investment required will stimulate the handicraft market. However, factors such as lack of information on handicrafts will challenge the growth of the market. The holistic analysis of drivers and challenges will help infer end goals and refine marketing strategies to gain competitive advantage.

To learn more about key drivers, trends and additional challenges – Read our FREE sample report now!

The Handicraft Market report is segmented by Product (metal art items and jewelry, wooden items, textile products and others) and Geography (North America, EuropeAPAC, MEA and South America).

The growth in the market share of handicrafts by metal art and jewelry segment will be important for revenue generation. Traditional metal art items have an established market across the world and contribute a significant share of employment in the global craft market. The demand for metal-based outdoor crafts such as swings and furniture is increasing, especially in European countries such as France and Germany.

See our sample report for additional information on the contribution of all segments and regional opportunities in the report.

Some companies mentioned with their offers

The craft market is fragmented and suppliers are deploying growth strategies such as product innovations and gaining a foothold in local markets to compete in the marketplace.

    • Asian Crafts Pvt. Ltd- The company offers Indian handicrafts and fashion jewelry such as gifts and home decorations (such as photo frames, jewelry boxes, dream catcher bands, placement, coasters and napkin rings), nursery accessories, Christmas and seasonal decorations (such as Christmas ornaments and Christmas spray), and fashion jewelry and accessories (such as necklace and earring).
    • Fakih Group of Companies Pvt. Ltd- The company offers handicrafts such as souvenir gifts, furniture, traditional gifts, decorative items, lamps, frames and oil perfumes.
    • HimalayanMart.com – The company offers Nepalese handicrafts such as khukuri, thanka/thangka, cashmere shawl, pashmina shawl, Buddhist ritual object, cashmere silk rug, wooden carving, Nepalese silver jewelry, stone carving, Nepalese product to herbal, Nepali musical instruments, herbal tea, pashmina product, singing bowl, aromatic herb, Himalayan book, Tibetan carpet, prayer wheel, Nepali doll/puppet/mask, gifts, cashmere wood product and Tibetan artifacts.
    • Minhou Minxing Weaving Co.Ltd. – The company offers handcrafted products such as traditional tables, displays, cabinets, coffee tables, storage, functional wall objects, wall decorations and trays.
    • Indigenous Arts and Crafts – The company offers handicrafts such as bamboo lanterns, candle holders, gift wrap, food covers, lighting products and wooden handicrafts.
  • To access more supplier profiles with their key offerings available with Technavio, Click here

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Handicraft Market Scope

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of around 13%

Market Growth 2021-2025

$514.92 billion

Market structure

Fragmented

Annual growth (%)

12.03

Regional analysis

North America, Europe, APAC, MEA and South America

Successful market contribution

North America at 35%

Main consumer countries

United States, United Kingdom, Germany, Japan and United Arab Emirates

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Asian Crafts Pvt. Ltd., Fakih Group of Companies Pvt. Ltd., HimalayanMart.com, Minhou Minxing Weaving Co. Ltd., Indigenous Arts and Crafts, Ngoc Dong Ha Nam Co. Ltd., Orient Handicraft Co. Ltd., OSM HANDICRAFT, Ten Thousand Villages US and The Handicrafts & Handloom Exports Corp . of India Ltd.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Main topics covered:

  • Abstract
  • Market landscape
  • Market sizing
  • Five forces analysis
  • Market segmentation
  • Customer landscape
  • Geographic landscape
  • Supplier Landscape
  • Vendor analysis
  • appendix

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