The "Handicrafts Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global handicrafts market reached a value of US$ 718 Billion in 2020. Looking forward, the publisher expects the global handicrafts market to exhibit strong growth during the next five years.
Handicrafts refer to products that are handmade using simple tools and represent the culture and traditions of a country or region. Their production requires considerable hand-eye coordination and intense concentration. Each handcrafted product is unique as each craftsperson applies their strength differently, owing to which every product has distinct qualities. Handicrafts play a vital role in the economic development of a country as they are a prominent medium for foreign exchange revenue, require low capital investments and offer employment opportunities. In addition, handicraft items are perceived as a symbol of status owing to their uniqueness, quality, usage of natural materials, and the essence of vibrant art and culture.
In recent years, with the emergence of online retail and the proliferation of various e-commerce channels, the accessibility to handicrafts has become more convenient for consumers. This has provided a boost to the sales of handcrafted goods across the globe. Another factor driving the market growth is the shift from ethnic to contemporary designs, coupled with the strong demand from offices, hospitals and hotels. Apart from this, the growing travel and tourism industry has provided vast opportunities to local artisans and handicraft manufacturers to produce commoditized products and sell them to tourists who are willing to spend significantly on souvenirs and other craft items.
Moreover, handicrafts have lower energy requirements, unlike machine-made products which involve the utilization of electricity and various other fuels. On account of the low capital investments, the industry is flourishing, particularly in the developing regions such as India, China, and Afghanistan.
Fakih Group of Companies
Shandong Laizhou Arts
Ten Thousand Villages
Oriental Handicrafts Pte. Ltd.
NGOC Dong Ha Nam
Minhou Minxing Weaving Co. Ltd.
Key Questions Answered in This Report:
How has the global handicrafts market performed so far and how will it perform in the coming years?
What are the key regions in the global handicrafts market?
What has been the impact of COVID-19 on the global handicrafts market?
Which are the popular product types in the global handicrafts market?
What are the major end-use sectors in the global handicrafts market?
What are the major distribution channels in the global handicrafts market?
What are the various stages in the value chain of the global handicrafts market?
What are the key driving factors and challenges in the global handicrafts market?
What is the structure of the global handicrafts market and who are the key players?
What is the degree of competition in the global stone handicrafts market?
How are handicrafts manufactured?
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Handicrafts Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Price Analysis
5.5 Market Breakup by Product Type
5.6 Market Breakup by Distribution Channel
5.7 Market Breakup by End Use
5.8 Market Breakup by Region
5.9 Market Forecast
5.10 SWOT Analysis
5.11 Value Chain Analysis
5.12 Porter's Five Forces Analysis
5.13 Key Success Factors
6 Market Breakup by Product Type
6.2 Artmetal Ware
6.3 Handprinted Textiles and Scarves
6.4 Embroidered and Crocheted Goods
6.5 Zari and Zari Goods
6.6 Imitation Jewelry
6.8 Pottery and Glass Wares
6.9 Attars and Agarbattis
7 Market Breakup by Distribution Channel
7.1 Mass Retailers
7.2 Departmental Stores
7.3 Independent Retailers
7.4 Specialty Stores
7.5 Online Stores
8 Market Breakup by End-Use
9 Market Breakup by Region
9.1 North America
9.3 Asia Pacific
9.4 Latin America
9.5 Middle East and Africa
10 Techniques Used for Manufacturing Handicrafts
10.2 Basket Weaving
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
12 Key Player Profiles
For more information about this report visit https://www.researchandmarkets.com/r/e80w1p
View source version on businesswire.com: https://www.businesswire.com/news/home/20210414005348/en/
Laura Wood, Senior Press Manager
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