Global Handicrafts Market Growth 2023-2029

Global Handicrafts Market Growth 2023-2029

Handicraft products are made up of several materials including sheet metal, wrought iron, natural fiber, wood, river stone, beads, textiles, horn and bone, and ceramics. On the basis of type, the global textile market can be classified into kitchenware, gardenware, toys, officeware, furniture and furnishings, jewelry, bathroom accessories, and others.

LPI (LP Information)' newest research report, the “Handicrafts Industry Forecast” looks at past sales and reviews total world Handicrafts sales in 2022, providing a comprehensive analysis by region and market sector of projected Handicrafts sales for 2023 through 2029. With Handicrafts sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Handicrafts industry.

This Insight Report provides a comprehensive analysis of the global Handicrafts landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Handicrafts portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Handicrafts market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Handicrafts and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Handicrafts.

The global Handicrafts market size is projected to grow from US$ 456570 million in 2022 to US$ 841560 million in 2029; it is expected to grow at a CAGR of 841560 from 2023 to 2029.

The growth in international and domestic tourism is also expected to boost the growth of the market during the forecast period. For instance, Japan’s government has introduced several campaigns to increase the country's tourism. The resultant rise in the number of tourists has led to an increase in the sales of handicraft items in Japan. The rise in tourism has fueled the demand for cultural goods, uncommon souvenirs, and indigenous art.

This report presents a comprehensive overview, market shares, and growth opportunities of Handicrafts market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Woodware
Art Metal Ware
Handprinted Textile and Scarves
Embroidered and Crocheted Goods
Zari and Zari Goods
Imitation Jewellery

Segmentation by application
Discount Retailers
Department Stores
Specialty Stores
Catalogue Retailer
Internet Retailer
Independent Retailer

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Asian Handicrafts
Fakih
Handicrafts and Handlooms Export Corp. (HHEC)
Minhou Minxing Weaving
NGOC Dong
Oriental Handicraft

Key Questions Addressed in this Report

What is the 10-year outlook for the global Handicrafts market?

What factors are driving Handicrafts market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Handicrafts market opportunities vary by end market size?

How does Handicrafts break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.