Handicrafts Market Growth Analysis of all Top Key Players Like Asian Handicraft, Fakih Group of Companies, SHANDONG LAIZHOU LAIYI ARTS CRAFTS IMP.- EXP.CO. Ltd. and Others 2022 - 2027

According to IMARC Group latest published report, titled "Handicrafts Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" The global handicrafts market size reached US$ 680.10 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,252.30 Billion by 2027, exhibiting a CAGR of 10.41% during 2022-2027.

Handicrafts Market Trends:

Inflating income levels and the shifting consumer preference for contemporary designs and handmade and antique décor items for residential and commercial complexes represent one of the key factors positively influencing the market. Apart from this, the increasing environmental pollution level and health issues associated with the production of machine-made decorative items are catalyzing the demand for environment-friendly products made using jute, wool, and bamboo. Furthermore, expanding online distribution channels are offering seamless access to consumers, doorstep delivery, exciting offers, and virtual payment options. This, along with the thriving travel and tourism industry, is providing lucrative growth opportunities to leading handicraft manufacturers and local artisans.

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Covid-19 Impact Analysis:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

List of Major Key Players:

The major players in the market are Asian Handicraft, Fakih Group of Companies, SHANDONG LAIZHOU LAIYI ARTS CRAFTS IMP.- EXP.CO. Ltd., Ten Thousand Villages, Oriental Handicrafts Pte. Ltd., NGOC DONG HA NAM CO., LTD. , Minhou Minxing Weaving Co. Ltd., and Native Crafts and Arts Industries.

Industry Definition and Application:

Handicrafts are unique artifacts handmade or made using simple tools without the help of machinery. They include utility and decorative items that showcase the vibrant tradition and culture of a country or community. Their manufacturing requires extreme concentration and considerable visuospatial cognition to enhance artistic, functional, aesthetic, and decorative values. Additionally, they require less energy consumption and low capital investments, offer employment opportunities to individuals, and generate foreign exchange revenue. As a result, handicrafts are widely used as office ware, kitchenware, garden ware, furniture, puppets, pottery, and jewelry across the globe.

The report has been segmented the market into following categories:

By Product Type:

Woodware
Artmetal Ware
Handprinted Textiles and Scarves
Embroidered and Crocheted Goods
Zari and Zari Goods
Imitation Jewelry
Sculptures
Pottery and Glass wares
Attars and Agarbattis
Others
By Distribution Channel:

Mass Retailers
Departmental Stores
Independent Retailers
Specialty Stores
Online Stores
Others

By End Use:

Residential
Commercial

By Geography:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

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Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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