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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

04-22-2024 12:09 PM CET | Consumer Goods & Retail

Press release from: Polaris Market Research & Consulting

Handicrafts Market

Handicrafts Market

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.

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ
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.

๐†๐ž๐ญ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: 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.

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ

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.

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž:

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:

โ€ข Asian Handicrafts Pvt. Ltd.
โ€ข Fakih Group of Companies
โ€ข Gangamani Fashions (Art & Crafts)
โ€ข Haswani Handicrafts
โ€ข HN Handicrafts
โ€ข Native Crafts and Arts, Inc.
โ€ข S. N. Handicrafts
โ€ข Sushil Craft
โ€ข Unique Handicrafts Ltd
โ€ข Vietnam Handicraft Co., Ltd

๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐“๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ: https://www.polarismarketresearch.com/buy/3104/2

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ฅ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
Polaris Market Research has segmented the handicrafts market report based on product, distribution channel, and region:

๐‡๐š๐ง๐๐ข๐œ๐ซ๐š๐Ÿ๐ญ๐ฌ, ๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž - ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ— - ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ)

โ€ข Apparel & Accessories
โ€ข Art Metalware
โ€ข Fragrance & Incense Sticks
โ€ข Glassware
โ€ข Kitchen & Tableware
โ€ข Potteryware
โ€ข Sculpture
โ€ข Woodwork
โ€ข Others

๐‡๐š๐ง๐๐ข๐œ๐ซ๐š๐Ÿ๐ญ๐ฌ, ๐ƒ๐ข๐ฌ๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž - ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ— - ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ)

โ€ข Mass Retailers
โ€ข Independent Retailers
โ€ข Specialty Stores
โ€ข Online Stores
โ€ข Others

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‚๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ž๐ซ๐ž: https://www.polarismarketresearch.com/industry-analysis/handicrafts-market

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

Handicrafts, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

โ€ข North America

o U.S.
o Canada

โ€ข Europe

o Germany
o UK
o France
o Italy
o Spain
o Russia
o Netherlands

โ€ข Asia Pacific

o China
o India
o Japan
o South Korea
o Indonesia
o Malaysia

โ€ข Latin America

o Argentina
o Brazil
o Mexico

โ€ข Middle East & Africa

o UAE
o Saudi Arabia
o Israel
o South Africa

๐™ˆ๐™ค๐™ง๐™š ๐™๐™ง๐™š๐™ฃ๐™™๐™ž๐™ฃ๐™œ ๐™‡๐™–๐™ฉ๐™š๐™จ๐™ฉ ๐™๐™š๐™ฅ๐™ค๐™ง๐™ฉ๐™จ ๐™—๐™ฎ ๐™‹๐™ค๐™ก๐™–๐™ง๐™ž๐™จ ๐™ˆ๐™–๐™ง๐™ ๐™š๐™ฉ ๐™๐™š๐™จ๐™š๐™–๐™ง๐™˜๐™:

๐ˆ๐ง๐๐จ๐จ๐ซ ๐€๐ข๐ซ ๐๐ฎ๐ซ๐ข๐Ÿ๐ข๐œ๐š๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/indoor-air-purification-market
๐’๐ฉ๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/spa-market
๐’๐ก๐จ๐ฐ๐ž๐ซ ๐‡๐ž๐š๐๐ฌ ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/shower-heads-system-market
๐๐จ๐š๐ซ๐ ๐†๐š๐ฆ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/board-games-market
๐Œ๐š๐ญ๐ญ๐ซ๐ž๐ฌ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/mattress-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐ˆ๐ง๐Ÿ๐จ:
Polaris Market Research
30 Wall Street, 8th Floor,
New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

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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