Press release
Handicrafts Market is anticipated to grow to US$ 1072.31 Billion by 2032, at a CAGR of 4.8% during the forecast period 2024 to 2032 | PMR
Polaris Market Research recently published its latest research report titled "Handicrafts Market by Product Category (Woodwork, Potteryware), By Distribution Channel (Mass Retailers, Online Stores), By Region - Global Forecast to 2032." The report states that the market for handicrafts was valued at USD 706.83 billion in 2023. It is anticipated to grow to USD 1072.31 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.8% during the forecast period, 2024 to 2032.๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
Handicrafts refer to a form of art in which goods are made predominantly by hand. The handicraft items are usually decorative and have a specific use. Along with hands, the craft may involve the usage of non-automated tools such as chisels, knives, hammers, and scissors, amongst others. Handicrafts typically represent the culture and heritage of a specific region.
๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/handicrafts-market/request-for-sample
These crafts encompass a wide range of arts whose origins can be traced back to the valleys, mountains, and civilizations of the past. Some of the major types of handicrafts include apparel and accessories, woodwork, glassware, pottery ware, sculpture, and fragrance & incense sticks.
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ
The growing trend of tourism is having a significant impact on driving the demand for handicraft products. Travelers often prefer unique experiences on their tours, extending to souvenirs they choose to take along with them. Handicraft products such as jewelry and textiles provide an authentic reflection of the local culture and craftsmanship.
The growing preference for handmade dรฉcor in various settings such as restaurants, offices, and homes is another factor driving the growth of the industry. Besides, the increased demand for homemade items from the gifting sector is having a favorable impact on the market expansion.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
The handicrafts market is characterized by intense competition. The industry has the presence of both large and small-scale manufacturers. The top industry participants are employing strategies like mergers, collaboration, and product launches to maintain their competitive edge. Some of the top industry players are:
โข Asian Handicrafts Pvt. Ltd.
โข Fakih Group of Companies
โข Gangamani Fashions (Art & Crafts)
โข Haswani Handicrafts
โข HN Handicrafts
โข Native Crafts and Arts, Inc.
โข S. N. Handicrafts
โข Sushil Craft
โข Unique Handicrafts Ltd
โข Vietnam Handicraft Co., Ltd
๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ: https://www.polarismarketresearch.com/buy/3104/2
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
Polaris Market Research has segmented the handicrafts market report based on product, distribution channel, and region:
๐๐๐ง๐๐ข๐๐ซ๐๐๐ญ๐ฌ, ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐๐๐ฏ๐๐ง๐ฎ๐ - ๐๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐๐๐๐ - ๐๐๐๐)
โข Apparel & Accessories
โข Art Metalware
โข Fragrance & Incense Sticks
โข Glassware
โข Kitchen & Tableware
โข Potteryware
โข Sculpture
โข Woodwork
โข Others
๐๐๐ง๐๐ข๐๐ซ๐๐๐ญ๐ฌ, ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐๐๐ฏ๐๐ง๐ฎ๐ - ๐๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐๐๐๐ - ๐๐๐๐)
โข Mass Retailers
โข Independent Retailers
โข Specialty Stores
โข Online Stores
โข Others
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐: https://www.polarismarketresearch.com/industry-analysis/handicrafts-market
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
Handicrafts, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
โข North America
o U.S.
o Canada
โข Europe
o Germany
o UK
o France
o Italy
o Spain
o Russia
o Netherlands
โข Asia Pacific
o China
o India
o Japan
o South Korea
o Indonesia
o Malaysia
โข Latin America
o Argentina
o Brazil
o Mexico
โข Middle East & Africa
o UAE
o Saudi Arabia
o Israel
o South Africa
๐๐ค๐ง๐ ๐๐ง๐๐ฃ๐๐๐ฃ๐ ๐๐๐ฉ๐๐จ๐ฉ ๐๐๐ฅ๐ค๐ง๐ฉ๐จ ๐๐ฎ ๐๐ค๐ก๐๐ง๐๐จ ๐๐๐ง๐ ๐๐ฉ ๐๐๐จ๐๐๐ง๐๐:
๐๐ง๐๐จ๐จ๐ซ ๐๐ข๐ซ ๐๐ฎ๐ซ๐ข๐๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/indoor-air-purification-market
๐๐ฉ๐ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/spa-market
๐๐ก๐จ๐ฐ๐๐ซ ๐๐๐๐๐ฌ ๐๐ฒ๐ฌ๐ญ๐๐ฆ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/shower-heads-system-market
๐๐จ๐๐ซ๐ ๐๐๐ฆ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/board-games-market
๐๐๐ญ๐ญ๐ซ๐๐ฌ๐ฌ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/mattress-market
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ง๐๐จ:
Polaris Market Research
30 Wall Street, 8th Floor,
New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.
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