Handloom Products Market

Handloom Products Market

Growth Factors of Handloom Products Market

The handloom product size was valued at USD 7.29 billion in 2023, and the market is now projected to grow from 27.93 billion in 2024 to USD 13.68 billion by 2032, exhibiting a CAGR of 8.41% during the forecast period of 2024-2032.

This report has found that COVID-19 had various effects to the handloom products market since it changed the abilities of production and sales due to lock down measures and reduced demand. Some weavers most especially those in the rural areas were affected because their supply channels to raw materials were disrupted. Unfortunately, the temporary shutdown of physical markets compounded the problem by making it difficult for artisans to sell their products. But, it also forced few changes in these structures changing the handloom products to reach out online and, therefore, get the right markets; and artisans, over time, started making good money.

The handloom products market has recently been gradually liberalizing as customer attention turns to the issue of sustainable and environmentally friendly fashion. The following consumer trends are apparent, specialty as well as hand made products with traditional motifs and work heritage of woven and knitted textiles are popular among the customers. The new generation designers are coordinating with weavers with trendy handloom products to attract youth. Two more developments are market reach where the sale of handmade products has been extended through online platforms. Moreover, the government and organizations are actively involved in advertising handloom through promoting local crafts. The above-mentioned factors are driving the handloom product market growth.

A little analysis of this sector is making it easy to recognize various factors attributing to the growth of the handloom products market. Rising concern for the environmental impact of fashion has created a trend towards handmade fabrics from natural materials. It was further explained that the cultural value of handloom products coupled with the general reception about homemade materialistic goods which are perceived to be one-of-a-kind make it a favorable choice for the buyers. This includes government support for indigenous arts and crafts, and grants the weaver’s money to continue the craft which also stimulates the market. Further, partnerships with designers incorporate new ideas and trends to the conventional patterns which enhance a wider market appeal. The growth of online markets help to extend contact between artisans and global markets thus improving their economic status.

Comprehensive Analysis Handloom Products Market

A variety of products come under handloom products market which are such as sarees, apparels and accessories, furnishing and bed linens, bed and bath products and carpets, mats and rugs. The different products- each depict various aspects of handloom weaving technique and the rich cultural background of the society that develops the products. Key fabrics include cotton, silk, linen and wool: these fabrics all have their own unique properties and characteristics, which give the finished textile garments their special characteristics. Cotton is chosen because it provides good breathing and it is very comfortable, while silk gives elegance and luxury. Linen is appreciated for the sturdiness and finish and texture while wool gives the warmth and the richness to handloom textiles that are not only aesthetic but are usable items.

The handloom products market is dominated by India where handloom has great tradition and variety of weaving styles. Handloom textiles of West Bengal, Gujarat, Tamil Nadu, and Uttar Pradesh are famous for offering different and specific patterns. Additional resources of fabrics such as cotton, silk and wool in the country also add towards the reputation. The Indian handloom sector is currently promoted by the government through programmes that focus on training the handloom artisans and creating market linkages for the sector, and enhancing the presence of Indian handloom products on the international market.

Key players in this sector include Maheshwari Handloom Works (India), GoCoop (India), Chandan Rugs (India), Sri LaxmiNarasimha Handloom Sarees (India), Manisha Silk Weaves (India), Medusa Exim (India), Dhananjay Creations (India), Shree Jee (India), Global Floor Furnishers (India), Dream Home Carpets Pvt. Ltd. (India)

The handloom market in 2024 is a fashionable saree segment influenced mostly by tradition and modernity in 2024. People are now moving to more sustainable materials, with organic cotton and more hand-woven sarees of silk being in high demand. Some of the new trends in the market area involve fusion of saree designer wears new cuts fusions designs, new patterns and so on especially among the young buyers. Moreover there has been a change which has favored the artisans; the digital technologies available today offered the option of selling the sarees online making it possible to reach the international market. More other versatility features such as an option of choosing the preferred color and designs has also started to gain popularity thus making handloom saree more appealing to the consumers.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 8.20% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Type

Primary Control Surface System

Secondary Control Surface System

By Component

Control Surfaces

Actuators

Flight Control Surface Mechanism

Sensors

Cockpit control

Others

By Platform

Commercial Aircraft

• Narrow Body
• Wide Body
• Regional Jet
• Commercial Helicopter

Military Aircraft

• Combat & Multirole
• Military Transport Aircraft
• Military Helicopter

Business Jets

General Aviation Aircraft

By Country

North America (By Type, Component, Platform, and Country)

• U.S. (By Platform)
• Canada (By Platform)

Europe (By Type, Component, Platform, and Country)

• U.K. (By Platform)
• Germany (By Platform)
• France (By Platform)
• Russia (By Platform)
• Rest of Europe (By Platform)

Asia Pacific (By Type, Component, Platform, and Country)

• China (By Platform)
• India (By Platform)
• Japan (By Platform)
• Australia (By Platform)
• Rest of Asia Pacific (By Platform)

Rest of the World (By Type, Component, Platform, and Country)

• Latin America (By Platform)
• Middle East & Africa (By Platform)


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