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Arts & Crafts Supplies Market worth $79.24 billion by 2030, growing at a CAGR of 8.16% - Exclusive Report by 360iResearch
Arts & Crafts Supplies Market | 360iResearch
The Global Arts & Crafts Supplies Market to grow from USD 45.75 billion in 2023 to USD 79.24 billion by 2030, at a CAGR of 8.16%.
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Arts & crafts supplies encompass various materials, tools, and accessories for creative and decorative activities. These supplies cater to many consumers, including amateur hobbyists, professional artists, educators, and children. The growing focus of educational institutes on arts & crafts activities and the increasing penchant of consumers to spend on luxury art supplies are driving the demand for arts & crafts supplies. In addition, the rising online market presence of arts & crafts manufacturers is also fueling market development. The availability of a wide range of substitutes and high competition in the market with an increasing number of players are limiting the market growth. The introduction of attractive and innovative products such as pens with multipurpose use and the development of eco-friendly products and do-it-yourself (DIY) kits are expected to contribute to growth in the arts & crafts supplies market in the coming years.
In the Americas, particularly in the United States and Canada, a growing trend towards do-it-yourself (DIY) crafts reflects a significant consumer interest in personalized goods and activities that promote mindfulness and mental well-being. Upticks in hobbyist arts and crafts resonate with consumer needs for leisure and educational activities, as evidenced by the rising demand for craft supplies. The United States specifically has seen a proliferation of e-commerce platforms that simplify the purchasing process, catering to the convenience consumers increasingly seek. In Europe, the growing preference for handcrafted and sustainable products nurtures the arts and crafts supplies market. Initiatives to promote arts in education and community activities reflect the consumer need for creative outlets and sustainability. The market is characterized by a rich heritage of traditional crafts, which varies from country to country, influencing customer preferences. In the Middle East and Africa, despite the presence of a relatively nascent arts and crafts culture, there is burgeoning interest driven by educational reforms and the recognition of art as an important element for cultural expression and tourism. The Asia Pacific region, encompassing China, Japan, and India, among others, showcases a diverse arts and crafts ecology. In this region, traditional crafts are an integral part of cultural heritage, significantly influencing consumer choices. The evolving needs of both education sectors and a sizable hobbyist population drive demand. In China, government support for cultural businesses has contributed to market growth, while Japan's rich tradition in crafts, including origami, fuels local and international interest. India's diverse artisan communities and government initiatives to support handicrafts also play an important role in the regional market dynamics.
Market Segmentation & Coverage:
This research report categorizes the Arts & Crafts Supplies Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product Type, market is studied across Drawing & Painting Supplies, Jewelry Making Supplies, Scrapbooking & Paper Crafting, and Textile & Fiber Crafts. The Scrapbooking & Paper Crafting is projected to witness significant market share during forecast period.
Based on Sales Channel, market is studied across Offline and Online Sales. The Offline is further studied across Departmental Stores, Stationery Stores, and Supermarkets. The Online Sales is projected to witness significant market share during forecast period.
Based on End User, market is studied across Academic Institutions, Household, Industries, and Offices. The Academic Institutions is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Arts & Crafts Supplies Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Arts & Crafts Supplies Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Arts & Crafts Supplies Market, highlighting leading vendors and their innovative profiles. These include Brustro, Coliro GmbH, COLOP Stempelerzeugung Skopek Gesellschaft m.b.H. & Co. KG, Crafter's Companion Ltd., Craftslane, Daler-Rowney Ltd., DecoArt, LLC, Deli Group Co., Ltd., DOMS Industries Limited, eeBoo Corporation, Fabbrica Italiana Lapis ed Affini S.p.A., Faber-Castell AG, Hindustan Pencils Pvt. Ltd., Hygloss Products, Inc., ITC Limited, Jacquard Products, Jags India, Jovi, S.A., Lotus Stationery, Miraj Group, Navneet Education Limited, Ohuhu Inc., Sabmatt Corporation, STAEDTLER SE, and Sundaram Multi Pap Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Arts & Crafts Supplies Market, by Product Type
7. Arts & Crafts Supplies Market, by Sales Channel
8. Arts & Crafts Supplies Market, by End User
9. Americas Arts & Crafts Supplies Market
10. Asia-Pacific Arts & Crafts Supplies Market
11. Europe, Middle East & Africa Arts & Crafts Supplies Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Arts & Crafts Supplies Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Arts & Crafts Supplies Market?
3. What is the competitive strategic window for opportunities in the Arts & Crafts Supplies Market?
4. What are the technology trends and regulatory frameworks in the Arts & Crafts Supplies Market?
5. What is the market share of the leading vendors in the Arts & Crafts Supplies Market?
6. What modes and strategic moves are considered suitable for entering the Arts & Crafts Supplies Market?
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