Global Handicrafts Market Demand Analysis Report, Share, Size, Trends, Growth, Overview Forecast To 2023

1
    Global Handicrafts Market Stimulated by
Ascending Interest of Consumers in Art

Copyright IMARC. All Rights Reserved
2
About IMARC Group
Report Description
IMARC is a leading advisor on management
strategy and market research worldwide. We
partner with clients in all sectors and regions
to identify their highest-value opportunities,
address their most critical challenges, and
transform their businesses. IMARCs information
products include major market, scientific,
economic and technological developments for
business leaders in pharmaceutical, industrial,
and high technology organizations. Market
forecasts and industry analysis for
biotechnology, advanced materials,
pharmaceuticals, food and beverage, travel and
tourism, nanotechnology and novel processing
methods are at the top of the companys
expertise. IMARCs tailored approach combines
unfathomable insight into the dynamics of
companies and markets with close cooperation at
all levels of the client organization. This
ensures that our clients achieve unmatchable
competitive advantage, build more proficient
organizations, and secure lasting results.
3
Report Description and Highlights
Report Description
  Global Handicrafts Market Stimulated by
Ascending Interest of Consumers in Art Over the
recent years, the global handicrafts market has
been witnessing a healthy growth. Some of the
factors which are giving impetus to the market
include small capital investments, growing
interest of consumers in art and culture,
flourishing tourism sector and elevating
disposable incomes. According to the latest
report by IMARC Group, titled Handicrafts
Market Global Industry Trends, Share, Size,
Growth, Opportunity and Forecast 2018-2023,
the global handicrafts market reached a value of
around US 526 Billion in 2017. Handicrafts,
considered as an artistic representation of a
tradition, are products of utility as well as
decoration which are handmade with simple tools
instead of machines. They are generally made from
good quality raw materials like wood, sheet
metal, wrought iron, natural fiber, beads,
textiles and ceramics. Apart from this,
handicrafts aid in strengthening an economy as it
offers self-employment to numerous artisans. Some
of the handicraft products include handloom,
jewellery, apparel, paintings, paper products and
leather products.
4
Report Description and Highlights
Report Description
On account of increasing interest of the global
population in art and culture, the global
handicrafts market is witnessing a healthy
growth. Soaring demand for luxury home décor
products due to escalating disposable incomes and
willingness of the consumers to pay premium
prices for unique and antique handicrafts is
contributing to the development of the market. In
addition to this, the fusion of ethnic and
contemporary handicraft design is appealing to a
large population. From the manufacturers point
of view, a strong penetration of e-commerce,
particularly in the emerging regions, has
produced numerous remunerative opportunities for
investors of the handicrafts market. Small
initial investments, which include setup cost,
raw materials, labour and transportation
expenditure, is facilitating a rise in the demand
for handicrafts. Further, flourishing
international and domestic tourism is catalysing
the growth of the market across the globe. This
coupled with rising collaborations between
artisans and designers is fuelling the market.
Looking forward, the market value is projected to
exceed US 984 Billion by 2023, expanding at a
CAGR of more than 11 during 2018-2023. Read
more here https//www.imarcgroup.com/handicrafts-
market
5
Report Description and Highlights
Report Description

•  
• Market Summary
• Based on product, the market has been segmented
  as woodware, artmetal ware, handprinted textile
  and scarves, embroidered and crochet goods, zari
  and zari goods, imitation jewellery and others.
  Presently, woodware exhibits a clear dominance in
  the market, holding the largest share.
• On the basis of distribution channel,
  departmental stores account for the majority of
  the market share as they offer convenience to the
  consumers. Departmental stores are followed by
  mass retailers, specialty stores, independent
  retailers, online and others.
• Based on end-use, the report finds that
  residential currently represents the biggest
  end-use segment of handicrafts which is followed
  by commercial.
• Region-wise, the market has been classified as
  North America, Europe, Asia Pacific, Middle East
  and Africa, and Latin America. Amongst these,
  North America is the leading market with the
  majority of the global share.
• The competitive landscape of the market has also
  been examined with some of the key players being
  Asian Handicrafts, Fakih Handicrafts, Shandong
  Laizhou Arts and Crafts, Ten Thousand Villages,
  Native Crafts and Arts, The Handicrafts Gallery,
  Minhou Minxing Weaving, NGOC Dong Ha Nam and
  Oriental Handicrafts. 
• Want more information about this market? Request
  a free report sample
• https//www.imarcgroup.com/request?typereportid
  921flagB

6
Report Description and Highlights
Browse More Related Reports  Toys and Games
Market https//www.imarcgroup.com/toys-games-mark
et Hair Care Market https//www.imarcgroup.com/h
air-care-market
7
Report Description and Highlights
Report Description

2017 IMARC All Rights Reserved This
Publication and all its contents unless
otherwise mentioned are copyrighted in the name
of International Market Analysis Research and
Consulting (IMARC). No part of this publication
may be reproduced, repackaged, redistributed or
resold in whole or in any part. The publication
may also not be used in any form or by and means
graphic electronic or mechanical, including
photocopying, recording, taping or by information
storage or retrieval, or by any other form,
without the express consent of International
Market Analysis Research and Consulting
(IMARC). Disclaimer All contents and data of
this publication, including forecasts, data
analysis and opinion have been based on
information and sources believed to be accurate
and reliable at the time of publishing.
International Market Analysis Research and
Consulting makes no representation of warranty of
any kind as to the accuracy or completeness of
any Information provided. IMARC accepts no
liability whatsoever for any loss or damage
resulting from opinion, errors or inaccuracies if
any found this publication. IMARC, IMARC Group
and Global Therapy Insight Series are registered
trademarks of International Market Analysis
Research and Consulting. All other trademarks
used in this publication are registered
trademarks of their respective companies.
8

Contact Us