PUBLISHER: IMARC | PRODUCT CODE: 1451243
PUBLISHER: IMARC | PRODUCT CODE: 1451243
North America Handicrafts Market Report by Product Type, End-Use, Distribution Channel, and Country 2024-2032
The North America handicrafts market size reached US$ 331.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 744.1 Billion by 2032, exhibiting a growth rate (CAGR) of 9.1% during 2024-2032.
Handicrafts, also known as artisanry, handcrafting, crafting, and handcraftsmanship, can be defined as unique artefacts representing the tradition, culture and heritage of a country. They include products which are prepared either entirely by hand or with the help of tools. Handicraft products can have different values including aesthetic, creative, decorative, traditional, utilitarian, artistic, functional, cultural, social and religious. They play a vital role in the economic development of a country as handicrafts are a prominent medium for foreign exchange revenue, require low capital investments and offer employment opportunities.
The origin of handicrafts cannot be pinpointed to an era or year as they are connected to the inception of a culture and tradition itself. However, decorative arts gained new appreciation with the initiation of the Arts and Crafts Movements which developed in the latter half of the 19th Century in Europe with a continuation by designers in North America. Subsequently, the movement emerged in the 1920s in Japan and was known as the Mingei movement. It had a significant effect in Europe until the 1930s when the movement was replaced by Modernism which defined various cultural trends and changes in western society during the late 19th Century and early 20th Century. With time, handicrafts also gained immense popularity and importance across the globe.
North America handicrafts market is currently being driven by several factors. Rising travel and tourism in the region has attracted large number of international visitors offering many opportunities to local handicraft manufacturers to sell their products to tourists as they are willing to spend significant amount of money on souvenirs and other craft items. Moreover, with the emergence of online retailing and proliferation of various e-commerce websites, the accessibility to handicrafts has significantly increased. Consumers can now buy handicraft items by the click of their smartphones and have them shipped anywhere in the world. Moreover, social media and the internet have made it more convenient for craftsmen to directly access their target markets. Catalyzed by the aesthetic appeal and unique designs of handmade decor accessories, the demand in homes, offices, restaurants and other commercial places has escalated. Furthermore, the use of handmade products in the gifting industry has provided a positive impact on the growth of the market. Apart from this, handicrafts are non-essential items with a strong correlation with disposable incomes. Driven by strong economic growth of the region, per capita incomes have been increasing continuously over the past few decades. This has triggered the demand for high-quality, luxurious and vintage handmade products across the region. Handcrafted products have proved to be unique, customized, cost-effective, environment-friendly and have diversified product portfolio such as metal wares, wood wares, hand printed textiles, shawls, carpets, earthenware, jute products, marble sculptures, imitation jewelry and various other miscellaneous handicrafts.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America handicrafts market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on product type, end-use and distribution channel.
Key Regions Analyzed
United States
Canada
Mexico
Analysis for Each Country
Market 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
Market by End-Use
Residential
Commercial
Market by Distribution Channel
Mass Retailers
Departmental Stores
Independent Retailers
Specialty Stores
Online Stores
Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Competitive Landscape
Competitive Structure
Key Player Profiles
IMARC Group's latest report provides a deep insight into the North America handicrafts market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America handicrafts market in any manner.
Key Questions Answered in This Report
- 1. What was the size of the North America handicrafts market in 2023?
- 2. What is the expected growth rate of the North America handicrafts market during 2024-2032?
- 3. What has been the impact of COVID-19 on the North America handicrafts market?
- 4. What are the key factors driving the North America handicrafts market?
- 5. What is the breakup of the North America handicrafts market based on the product type?
- 6. What is the breakup of the North America handicrafts market based on the end-use?
- 7. What is the breakup of the North America handicrafts market based on the distribution channel?
- 8. What are the key regions in the North America handicrafts market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Handicrafts Market
- 5.1 Market Performance
- 5.2 Market Breakup by Product Type
- 5.3 Market Breakup by End-Use
- 5.4 Market Breakup by Distribution Channel
- 5.5 Market Breakup by Region
- 5.6 Market Forecast
6 North America Handicrafts Market
- 6.1 Market Performance
- 6.2 Impact of COVID-19
- 6.3 Market Forecast
7 North America Handicrafts Market: Breakup by Product Type
- 7.1 Woodware
- 7.2 Artmetal Ware
- 7.3 Handprinted Textiles and Scarves
- 7.4 Embroidered and Crocheted Goods
- 7.5 Zari and Zari Goods
- 7.6 Imitation Jewelry
- 7.7 Sculptures
- 7.8 Pottery and Glass Wares
- 7.9 Attars and Agarbattis
- 7.10 Others
8 North America Handicrafts Market: Breakup by End-Use
- 8.1 Residential
- 8.2 Commercial
9 North America Handicrafts Market: Breakup by Distribution Channel
- 9.1 Mass Retailers
- 9.2 Departmental Stores
- 9.3 Independent Retailers
- 9.4 Specialty Stores
- 9.5 Online Stores
- 9.6 Others
10 North America Handicrafts Market: Breakup by Country
- 10.1 United States
- 10.1.1 Historical Market Trends
- 10.1.2 Market Breakup by Product Type
- 10.1.3 Market Breakup by End-Use
- 10.1.4 Market Breakup by Distribution Channel
- 10.1.5 Market Forecast
- 10.2 Canada
- 10.2.1 Historical Market Trends
- 10.2.2 Market Breakup by Product Type
- 10.2.3 Market Breakup by End-Use
- 10.2.4 Market Breakup by Distribution Channel
- 10.2.5 Market Forecast
- 10.3 Mexico
- 10.3.1 Historical Market Trends
- 10.3.2 Market Breakup by Product Type
- 10.3.3 Market Breakup by End-Use
- 10.3.4 Market Breakup by Distribution Channel
- 10.3.5 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
- 12.1 Overview
- 12.2 Input Suppliers
- 12.3 Handicrafts Manufacturers
- 12.4 Distributors
- 12.5 Retailers
- 12.6 End-Consumers
13 Porter's Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Rivalry
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
List of Figures
- Figure 1: North America: Handicrafts Market: Major Drivers and Challenges
- Figure 2: Global: Handicrafts Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Handicrafts Market: Breakup by Product Type (in %), 2023
- Figure 4: Global: Handicrafts Market: Breakup by End-Use (in %), 2023
- Figure 5: Global: Handicrafts Market: Breakup by Distribution Channel (in %), 2023
- Figure 6: Global: Handicrafts Market: Breakup by Region (in %), 2023
- Figure 7: Global: Handicrafts Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 8: North America: Handicrafts Market: Sales Value (in Billion US$), 2018-2023
- Figure 9: North America: Handicrafts Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 10: North America: Handicrafts Industry: SWOT Analysis
- Figure 11: North America: Handicrafts Industry: Value Chain Analysis
- Figure 12: North America: Handicrafts Industry: Porter's Five Forces Analysis
- Figure 13: North America: Handicrafts Market: Breakup by Product Type (in %), 2023
- Figure 14: North America: Handicrafts (Woodware) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 15: North America: Handicrafts (Woodware) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 16: North America: Handicrafts (Artmetal Ware) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 17: North America: Handicrafts (Artmetal Ware) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 18: North America: Handicrafts (Handprinted Textiles and Scarves) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 19: North America: Handicrafts (Handprinted Textiles and Scarves) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 20: North America: Handicrafts (Embroidered and Crocheted Goods) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 21: North America: Handicrafts (Embroidered and Crocheted Goods) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 22: North America: Handicrafts (Zari and Zari Goods) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 23: North America: Handicrafts (Zari and Zari Goods) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 24: North America: Handicrafts (Imitation Jewelry) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 25: North America: Handicrafts (Imitation Jewelry) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 26: North America: Handicrafts (Sculptures) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 27: North America: Handicrafts (Sculptures) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 28: North America: Handicrafts (Pottery and Glass Wares) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 29: North America: Handicrafts (Pottery and Glass Wares) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 30: North America: Handicrafts (Attars and Agarbattis) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 31: North America: Handicrafts (Attars and Agarbattis) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 32: North America: Handicrafts (Other Product Types) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 33: North America: Handicrafts (Other Product Types) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 34: North America: Handicrafts Market: Breakup by End-Use (in %), 2023
- Figure 35: North America: Handicrafts (Residential) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 36: North America: Handicrafts (Residential) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 37: North America: Handicrafts (Commercial) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 38: North America: Handicrafts (Commercial) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 39: North America: Handicrafts Market: Breakup by Distribution Channel (in %), 2023
- Figure 40: North America: Handicrafts Market: Sale through Mass Retailers (in Billion US$), 2018 & 2023
- Figure 41: North America: Handicrafts Market Forecast: Sale through Mass Retailers (in Billion US$), 2024-2032
- Figure 42: North America: Handicrafts Market: Sales through Departmental Stores (in Billion US$), 2018 & 2023
- Figure 43: North America: Handicrafts Market Forecast: Sales through Departmental Stores (in Billion US$), 2024-2032
- Figure 44: North America: Handicrafts Market: Sales through Independent Retailers (in Billion US$), 2018 & 2023
- Figure 45: North America: Handicrafts Market Forecast: Sales through Independent Retailers (in Billion US$), 2024-2032
- Figure 46: North America: Handicrafts Market: Sales through Specialty Stores (in Billion US$), 2018 & 2023
- Figure 47: North America: Handicrafts Market Forecast: Sales through Specialty Stores (in Billion US$), 2024-2032
- Figure 48: North America: Handicrafts Market: Sales through Online Stores (in Billion US$), 2018 & 2023
- Figure 49: North America: Handicrafts Market Forecast: Sales through Online Stores (in Billion US$), 2024-2032
- Figure 50: North America: Handicrafts Market: Sales through Other Distribution Channels (in Billion US$), 2018 & 2023
- Figure 51: North America: Handicrafts Market Forecast: Sales through Other Distribution Channels (in Billion US$), 2024-2032
- Figure 52: North America: Handicrafts Market: Breakup by Country (in %), 2023
- Figure 53: United States: Handicrafts Market: Sales Value (in Billion US$), 2018-2023
- Figure 54: United States: Handicrafts Market: Breakup by Product Type (in %), 2023
- Figure 55: United States: Handicrafts Market: Breakup by End-Use (in %), 2023
- Figure 56: United States: Handicrafts Market: Breakup by Distribution Channel (in %), 2023
- Figure 57: United States: Handicrafts Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 58: Canada: Handicrafts Market: Sales Value (in Billion US$), 2018-2023
- Figure 59: Canada: Handicrafts Market: Breakup by Product Type (in %), 2023
- Figure 60: Canada: Handicrafts Market: Breakup by End-Use (in %), 2023
- Figure 61: Canada: Handicrafts Market: Breakup by Distribution Channel (in %), 2023
- Figure 62: Canada: Handicrafts Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 63: Mexico: Handicrafts Market: Sales Value (in Billion US$), 2018-2023
- Figure 64: Mexico: Handicrafts Market: Breakup by Product Type (in %), 2023
- Figure 65: Mexico: Handicrafts Market: Breakup by End-Use (in %), 2023
- Figure 66: Mexico: Handicrafts Market: Breakup by Distribution Channel (in %), 2023
- Figure 67: Mexico: Handicrafts Market Forecast: Sales Value (in Billion US$), 2024-2032
List of Tables
- Table 1: North America: Handicrafts Market: Key Industry Highlights, 2023 and 2032
- Table 2: North America: Handicrafts Market Forecast: Breakup by Product Type (in Billion US$), 2024-2032
- Table 3: North America: Handicrafts Market Forecast: Breakup by End-Use (in Billion US$), 2024-2032
- Table 4: North America: Handicrafts Market Forecast: Breakup by Distribution Channel (in Billion US$), 2024-2032
- Table 5: North America: Handicrafts Market Forecast: Breakup by Country (in Billion US$), 2024-2032
- Table 6: North America: Handicrafts Market: Competitive Structure
- Table 7: North America: Handicrafts Market: Key Players
