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GCC Handicrafts Market Size, Top Players, Sales Analysis, Business Opportunity 2024-2032

12-27-2023 11:35 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

GCC Handicrafts Market Report 2024

GCC Handicrafts Market Report 2024

IMARC Group's report titled "GCC Handicrafts Market Report 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, and Others), Distribution Channel (Mass Retailers, Departmental Stores, Independent Retailers, Specialty Stores, Online Stores, and Others), End Use (Residential, Commercial), and Region 2024-2032" The increasing demand for authentic and traditional products, the rising governmental support and initiatives aimed at preserving and promoting traditional crafts, and the growing emphasis on sustainability are some of the key factors driving the market.

The GCC handicrafts market size is projected to exhibit a growth rate (CAGR) of 11.8% during 2024-2032.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/gcc-handicrafts-market/requestsample

Factors Affecting the Growth of the GCC Handicrafts Industry:

• Growing Demand for Sustainable and Eco-Friendly Handicrafts:

One of the prominent trends in the GCC handicraft market is the increasing demand for sustainable and eco-friendly products. Individuals are becoming more conscious of the ecological impact of their purchases and are looking for products that are created from natural, renewable, and biodegradable materials. Handicrafts, often made from locally sourced materials, fit well into this sustainability narrative. This trend is also encouraging artisans and manufacturers to adopt eco-friendly production practices and use recycled or upcycled materials, thereby reducing their carbon footprint.

• Online Marketplaces and E-commerce:

The advent of e-commerce and online marketplaces is expanding the reach of handicraft products. Artisans and craftsmen from remote parts of the GCC region are capable of showcasing and selling their products to a global audience. This trend is democratizing the handicrafts market, allowing small-scale artisans to compete with larger manufacturers. Online platforms also offer a convenient way for people to explore and purchase a diverse range of handmade products from different cultures, contributing to the increasing sales of various handicraft items.

• Ethical and Fair Trade Practices:

People are showing a growing interest in the ethical and fair trade aspects of the handicrafts they purchase. They are seeking assurance that artisans are paid fairly for their work and that production processes adhere to ethical standards. Fair trade certifications and ethical sourcing practices are becoming more common in the industry, ensuring that artisans receive a fair payment of the proceeds and that communities benefit from the handicrafts trade. Many companies are also recognizing the importance of adopting ethical and fair trade practices. They understand that it not only enhances their reputation but also attracts socially conscious consumers.

GCC Handicrafts Market Report Segmentation:

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

Based on the product type, the market has been segmented into woodware, art metalware, handprinted textiles and scarves, embroidered and crocheted goods, zari and zari goods, imitation jewellery, sculptures, pottery and glasswares, attars and agarbattis, and others.

By Distribution Channel:

• Mass Retailers
• Departmental Stores
• Independent Retailers
• Specialty Stores
• Online Stores
• Others

On the basis of the distribution channel, the market has been divided into mass retailers, departmental stores, independent retailers, specialty stores, online stores, and others.

By End Use:

• Residential
• Commercial

Based on the end use, the market has been bifurcated into residential and commercial.

Regional Insights:

• Saudi Arabia
• UAE
• Qatar
• Bahrain
• Kuwait
• Oman

Region-wise the market has been segregated into Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, and Oman.

GCC Handicrafts Market Trends:

Cultural exchange programs and events promote cross-cultural understanding and appreciation, leading to a heightened interest in handicrafts of the GCC region. Travelers are also seeking unique souvenirs and mementos from the places they visit, increasing the sales of local handicrafts. Handicrafts are also being personalized and customized to cater to individual preferences. This trend allows people to have a more active role in the design and creation process. Customization options range from choosing specific colors, patterns, or even requesting personalized engravings or embroidery on handmade items. The ability to tailor handicrafts to personal tastes enhances their value and emotional connection for buyers.

Other Key Points Covered in the Report:

• COVID-19 Impact
• Porters Five Forces Analysis
• Value Chain Analysis
• Strategic Recommendations

Contact US

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: sales@imarcgroup.com
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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