Handicrafts Market Share, Size, Trends, Industry Analysis Report, By Product Category (Woodwork, Potteryware), By Distribution Channel (Mass Retailers, Online Stores), By Region, And Segment Forecasts, 2024 - 2032

Handicrafts Market Share, Size, Trends, Industry Analysis Report, By Product Category (Woodwork, Potteryware), By Distribution Channel (Mass Retailers, Online Stores), By Region, And Segment Forecasts, 2024 - 2032



The global handicrafts market size is expected to reach USD 1,072.31 billion by 2032, according to a new study by Polaris Market Research. The report “Handicrafts Market Share, Size, Trends, Industry Analysis Report, By Product Category (Woodwork, Potteryware), By Distribution Channel (Mass Retailers, Online Stores), By Region, And Segment Forecasts, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market is experiencing robust growth due to increased consumer demand for unique handmade products, the widespread use of e-commerce platforms, a heightened emphasis on sustainability, supportive government initiatives, and a rise in cultural events and festivals. The growing desire among consumers for distinct, handcrafted items is a major catalyst for this growth. Artisans, leveraging their expertise and cultural knowledge, craft each piece meticulously, adding a level of individuality and customization that automated machinery cannot match. This trend is anticipated to drive market expansion in the foreseeable future.

Furthermore, the appeal of handmade items goes beyond their visual appeal; it lies in the stories they tell, the artisanal heritage they carry, and the artistic innovation infused into every creation. Moreover, consumers are now seeking products that provide not just practicality but also emotional and cultural value. As a result, this quest for distinctive products has significantly contributed to the thriving market in recent years.

The emergence of e-commerce platforms is another key driver of growth. This trend has made it possible for artisans to reach global audiences in a more democratic manner. Dedicated platforms focusing on handmade and vintage items serve as centralized marketplaces where artisans can showcase their creations to a worldwide consumer base. These platforms handle multiple aspects of the transaction process, including payment gateways and sometimes even shipping, enabling artisans to focus primarily on their craft. These factors play a pivotal role in the market's expansion.

Manufacturers are employing tactics like introducing new products and forming strategic partnerships to expand their market presence and tap into new customer bases. For instance, in January 2023, Target, introduced a range of home accessories, including tables, rugs, & other items, through their designer collaborations. These partnerships involve Hearth & Hand with the Magnolia, Opal-house designed with the Jungalow, & Threshold with Studio McGee.

Handicrafts Market Report Highlights

Woodwork segment held the largest share, primarily due to its aesthetic & artistic appeal, and high demand in developed economies

Online segment will grow at the rapid pace, owing to its comfort, convenience, and high value deals with discount and substantial offers

Asia Pacific dominated the market, owing to its diverse culture, availability of handicraft artisans, and rise in foreign tourists seeking hand-made products, depicting social cultures within an art form

The global players include Asian Handicrafts, Fakih Group, Gangamani Fashions, Haswani Handicrafts, HN Handicrafts, Native Crafts and Arts, S. N. Handicrafts, Sushil Craft, Unique Handicrafts, and Vietnam Handicrafts.

Polaris Market Research has segmented the handicrafts market report based on product, distribution channel, and region:

Handicrafts, Product Outlook (Revenue - USD Billion, 2019 - 2032)

Apparel & Accessories

Art Metalware

Fragrance & Incense Sticks

Glassware

Kitchen & Tableware

Potteryware

Sculpture

Woodwork

Others

Handicrafts, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)

Mass Retailers

Independent Retailers

Specialty Stores

Online Stores

Others

Handicrafts, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa


1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Handicrafts Market Insights
4.1. Handicrafts Market – Industry Snapshot
4.2. Handicrafts Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Growing global interest in diverse cultures and traditions fuels the demand for authentic and traditional handicrafts, driving market growth
4.2.1.2. Rising Consumer Preferences for Unique Products
4.2.2. Restraints and Challenges
4.2.2.1. Competition from Mass Production
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Handicrafts Industry trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Handicrafts Market, by Product
5.1. Key Findings
5.2. Introduction
5.2.1. Global Handicrafts, by Product, 2019-2032 (USD Billion)
5.3. Apparel & Accessories
5.3.1. Global Handicrafts Market, by Apparel & Accessories, by Region, 2019-2032 (USD Billion)
5.4. Woodwork
5.4.1. Global Handicrafts Market, by Woodwork, by Region, 2019-2032 (USD Billion)
5.5. Glassware
5.5.1. Global Handicrafts Market, by Glassware, by Region, 2019-2032 (USD Billion)
5.6. Potteryware
5.6.1. Global Handicrafts Market, by Potteryware, by Region, 2019-2032 (USD Billion)
5.7. Art Metalware
5.7.1. Global Handicrafts Market, by Art Metalware, by Region, 2019-2032 (USD Billion)
5.8. Kitchen & Tableware
5.8.1. Global Handicrafts Market, by Kitchen & Tableware, by Region, 2019-2032 (USD Billion)
5.9. Sculpture
5.9.1. Global Handicrafts Market, by Sculpture, by Region, 2019-2032 (USD Billion)
5.10. Fragrance & Incense Sticks
5.10.1. Global Handicrafts Market, by Fragrance & Incense Sticks, by Region, 2019-2032 (USD Billion)
5.11. Others
5.11.1. Global Handicrafts Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Handicrafts Market, by Distribution Channel
6.1. Key Findings
6.2. Introduction
6.2.1. Global Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
6.3. Mass Retailers
6.3.1. Global Handicrafts Market, by Mass Retailers, by Region, 2019-2032 (USD Billion)
6.4. Independent Retailers
6.4.1. Global Handicrafts Market, by Independent Retailers, by Region, 2019-2032 (USD Billion)
6.5. Specialty Stores
6.5.1. Global Handicrafts Market, by Specialty Stores, by Region, 2019-2032 (USD Billion)
6.6. Online Stores
6.6.1. Global Handicrafts Market, by Online Stores, by Region, 2019-2032 (USD Billion)
6.7. Others
6.7.1. Global Handicrafts Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Handicrafts Market, by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Handicrafts Market Assessment, By Geography, 2019-2032 (USD Billion)
7.3. Handicrafts Market – North America
7.3.1. North America: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.3.2. North America: Handicrafts Market, by Product, 2019-2032 (USD Billion)
7.3.3. Handicrafts Market – U.S.
7.3.3.1. U.S.: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.3.3.2. U.S.: Handicrafts Market, by Product, 2019-2032 (USD Billion)
7.3.4. Handicrafts Market – Canada
7.3.4.1. Canada: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.3.4.2. Canada: Handicrafts Market, by Product, 2019-2032 (USD Billion)
7.4. Handicrafts Market – Europe
7.4.1. Europe: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.4.2. Europe: Handicrafts Market, by Product, 2019-2032 (USD Billion)
7.4.3. Handicrafts Market – UK
7.4.3.1. UK: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.4.3.2. UK: Handicrafts Market, by Product, 2019-2032 (USD Billion)
7.4.4. Handicrafts Market – France
7.4.4.1. France: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.4.4.2. France: Handicrafts Market, by Product, 2019-2032 (USD Billion)
7.4.5. Handicrafts Market – Germany
7.4.5.1. Germany: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.4.5.2. Germany: Handicrafts Market, by Product, 2019-2032 (USD Billion)
7.4.6. Handicrafts Market – Italy
7.4.6.1. Italy: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.4.6.2. Italy: Handicrafts Market, by Product, 2019-2032 (USD Billion)
7.4.7. Handicrafts Market – Spain
7.4.7.1. Spain: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.4.7.2. Spain: Handicrafts Market, by Product, 2019-2032 (USD Billion)
7.4.8. Handicrafts Market – Netherlands
7.4.8.1. Netherlands: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.4.8.2. Netherlands: Handicrafts Market, by Product, 2019-2032 (USD Billion)
7.4.9. Handicrafts Market – Russia
7.4.9.1. Russia: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.4.9.2. Russia: Handicrafts Market, by Product, 2019-2032 (USD Billion)
7.5. Handicrafts Market – Asia Pacific
7.5.1. Asia Pacific: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.5.2. Asia Pacific: Handicrafts Market, by Product, 2019-2032 (USD Billion)
7.5.3. Handicrafts Market – China
7.5.3.1. China: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.5.3.2. China: Handicrafts Market, by Product, 2019-2032 (USD Billion)
7.5.4. Handicrafts Market – India
7.5.4.1. India: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.5.4.2. India: Handicrafts Market, by Product, 2019-2032 (USD Billion)
7.5.5. Handicrafts Market – Malaysia
7.5.5.1. Malaysia: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.5.5.2. Malaysia: Handicrafts Market, by Product, 2019-2032 (USD Billion)
7.5.6. Handicrafts Market – Japan
7.5.6.1. Japan: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.5.6.2. Japan: Handicrafts Market, by Product, 2019-2032 (USD Billion)
7.5.7. Handicrafts Market – Indonesia
7.5.7.1. Indonesia: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.5.7.2. Indonesia: Handicrafts Market, by Product, 2019-2032 (USD Billion)
7.5.8. Handicrafts Market – South Korea
7.5.8.1. South Korea: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.5.8.2. South Korea: Handicrafts Market, by Product, 2019-2032 (USD Billion)
7.6. Handicrafts Market – Middle East & Africa
7.6.1. Middle East & Africa: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.6.2. Middle East & Africa: Handicrafts Market, by Product, 2019-2032 (USD Billion)
7.6.3. Handicrafts Market – Saudi Arabia
7.6.3.1. Saudi Arabia: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.6.3.2. Saudi Arabia: Handicrafts Market, by Product, 2019-2032 (USD Billion)
7.6.4. Handicrafts Market – UAE
7.6.4.1. UAE: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.6.4.2. UAE: Handicrafts Market, by Product, 2019-2032 (USD Billion)
7.6.5. Handicrafts Market – Israel
7.6.5.1. Israel: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.6.5.2. Israel: Handicrafts Market, by Product, 2019-2032 (USD Billion)
7.6.6. Handicrafts Market – South Africa
7.6.6.1. South Africa: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.6.6.2. South Africa: Handicrafts Market, by Product, 2019-2032 (USD Billion)
7.7. Handicrafts Market – Latin America
7.7.1. Latin America: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.7.2. Latin America: Handicrafts Market, by Product, 2019-2032 (USD Billion)
7.7.3. Handicrafts Market – Mexico
7.7.3.1. Mexico: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.7.3.2. Mexico: Handicrafts Market, by Product, 2019-2032 (USD Billion)
7.7.4. Handicrafts Market – Brazil
7.7.4.1. Brazil: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.7.4.2. Brazil: Handicrafts Market, by Product, 2019-2032 (USD Billion)
7.7.5. Handicrafts Market – Argentina
7.7.5.1. Argentina: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
7.7.5.2. Argentina: Handicrafts Market, by Product, 2019-2032 (USD Billion)
8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
9.1. Asian Handicrafts Pvt. Ltd.
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. Fakih Group of Companies
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. Gangamani Fashions (Art & Crafts)
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. Haswani Handicrafts
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. HN Handicrafts
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. Native Crafts and Arts, Inc.
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. S. N. Handicrafts
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development
9.8. Sushil Craft
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Development
9.9. Unique Handicrafts Ltd
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Development
9.10. Vietnam Handicraft Co., Ltd
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Development

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