Press release
Arts And Crafts Market Size, Share, Growth & Trends 2024-2033 | Competitive Analysis & Forecast
Arts And Crafts Market Size
According to The Business Research Company's, The arts and crafts market size has grown strongly in recent years. It will grow from $41.60 billion in 2023 to $44.71 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to growth of eco-friendly and sustainable products, celebration of cultural diversity, growth of giving gifts culture, increased instruction and workshops, and customer preference for personalization.
The arts and crafts market size is expected to see strong growth in the next few years. It will grow to $60.50 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to growing digital transformation, increasing personalization, increasing cross-sector influences, growing interest in DIY (do-it-yourself)culture, and increasing disposable income. Major trends in the forecast period include tech-integrated crafts, product innovation, technological advancements, integration of technologies, and growing collaborations.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/arts-and-crafts-global-market-report
Market Drivers and Trends:
Increasing government funding for arts and crafts is expected to propel the growth of the arts and crafts market going forward. Government funding refers to the funding for the programs or policies implemented by a government to address specific social, economic, environmental, or political issues within a country or region. Governments can help ensure that arts and crafts continue to thrive as a vibrant part of the economy and culture, supporting not only individual artists and craftspeople but also the broader community. For instance, in August 2023, according to the Americans for the Arts, a US-based non-profit organization, local government funding to local arts agencies reached $1.01 billion in 2023, representing a 7.5% increase from 2022. Therefore, increasing government funding for arts and crafts drives the arts and crafts market.
Major companies operating in the arts and crafts market are developing innovative products, such as specialized crafting tools, to gain a competitive edge in the market. Specialized crafting tools can significantly expand the creative possibilities for a crafter, enabling more intricate and professional results. These tools are often essential in turning a crafting hobby into a viable professional practice. For instance, in April 2024, D & L Craftworkz, an Australia-based manufacturer of arts and crafts materials, launched a range of arts and crafts supplies for enthusiasts and professionals in Australia. This new collection offers a comprehensive array of tools and materials essential for turning imaginative visions into reality. The new range of products includes D & L Air-dry clay, which is a versatile and low-cost material suitable for both children and adult crafts, from preschool art projects to handmade wedding decorations.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=15127&type=smp
Major Key Players of the Market:
FILA Group LLC, Hobby Lobby Stores Inc., Michaels Stores Inc., Shanghai M&G Stationery, Etsy Inc., Newell Brands Inc., Société Bic S.A., Jo-Ann Stores Inc., Fiskars Group, Crayola LLC, IG Design Group PLC, Pilot-Pen, Pelikan International Corporation, Mundial SA, Kokuyo Camlin Ltd., Arteza LLC, Westcott, Asian Handicrafts Pvt. Ltd., Pentel, Faber-Castell AG, CREA Innovations Ltd., Beifa Group Co. Ltd., Laizhou Zhonghe Arts and Crafts Co. Ltd.
Arts And Crafts Market 2024 Key Insights:
• The arts and crafts market size is expected to see strong growth in the next few years. It will grow to $60.50 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.
• Boost In Government Funding Fuels Growth In The Arts And Crafts Market
• Innovative Crafting Tools Propel Market Growth As Companies Aim For Competitive Advantage
• North America was the largest region in the arts and crafts market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=15127&type=smp
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Arts And Crafts Market Size, Share, Growth & Trends 2024-2033 | Competitive Analysis & Forecast here
News-ID: 3699004 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Arts
Future Electronics Partners with Performing Arts Non-Profit Overture With the Ar …
Image: https://www.globalnewslines.com/uploads/2025/06/1748858181.jpg
Future Electronics is proud to support Overture With the Arts (OWTA) and their annual Winter Wonderland event, which brought holiday joy to over 100 children and families in Montreal. A donation helped provide a festive brunch, gifts, and live entertainment.
Montreal, Canada - June 2, 2025 - Future Electronics, a global leader in electronic components distribution, is delighted to announce its partnership with Overture With the Arts (OWTA), a Montreal-based…
The thread arts
Here's a sample article tailored for ThreadArts.com, focusing on women's ethnic dresses:
The Timeless Beauty of Women's Ethnic Dresses
In a world where fashion trends come and go, the charm of ethnic wear remains unparalleled. Women's ethnic dresses are not just garments; they are stories woven with tradition, culture, and heritage. At ThreadArts.com, we celebrate the artistry and elegance of ethnic fashion, bringing you closer to the roots while keeping you in…
A' Performing Arts Award Reveals Top Design Trends Shaping Stage and Performance …
The A' Performing Arts, Stage, Style and Scenery Design Award, a highly prestigious international design competition, has announced the most influential trends shaping the future of performance arts and stage design for 2024. This comprehensive analysis, derived from innovative submissions and award-winning works, reflects emerging patterns in theatrical design, stage architecture, and performance spaces that are transforming how audiences experience live performances.
These identified trends highlight significant shifts in how performance…
Fine Arts Logistics Market Is Booming Worldwide with Deutsche Bahn, Lotus Fine A …
Market Intellix (MI) published a new report, titled, "Fine Arts Logistics Market." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine steps to be taken to gain a competitive advantage.
The report…
Martial Arts Software Market Is Booming Worldwide with RainMaker Martial Arts So …
HTF MI recently introduced Global Martial Arts Software Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are MINDBODY, Zen Planner, Member Solutions, ClubWorx, WellnessLiving Systems, JIBASoft Inc.,…
Visual Arts and Culture at Hawkfield Gallery Fine Arts Consultants Review
The landscape of the art industry continually changes due to the rapid evolution of technology. Technological innovations have provided artists with new tools to express themselves and their ideas. Though the digital art was of great deal in this modern era, traditional art still remains vital to a society and to a country’s culture.
If you are an art lover and a collector visiting Massachusetts, you won't want to miss exploring…
