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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421816
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421816
Handicrafts Market Share, Size, Trends, Industry Analysis Report, By Product Category (Woodwork, Potteryware), By Distribution Channel (Mass Retailers, Online Stores), By Region, And Segment Forecasts, 2024 - 2032
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The global handicrafts market size is expected to reach USD 1,072.31 billion by 2032, according to a new study by Polaris Market Research. The report "Handicrafts Market Share, Size, Trends, Industry Analysis Report, By Product Category (Woodwork, Potteryware), By Distribution Channel (Mass Retailers, Online Stores), By Region, And Segment Forecasts, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market is experiencing robust growth due to increased consumer demand for unique handmade products, the widespread use of e-commerce platforms, a heightened emphasis on sustainability, supportive government initiatives, and a rise in cultural events and festivals. The growing desire among consumers for distinct, handcrafted items is a major catalyst for this growth. Artisans, leveraging their expertise and cultural knowledge, craft each piece meticulously, adding a level of individuality and customization that automated machinery cannot match. This trend is anticipated to drive market expansion in the foreseeable future.
Furthermore, the appeal of handmade items goes beyond their visual appeal; it lies in the stories they tell, the artisanal heritage they carry, and the artistic innovation infused into every creation. Moreover, consumers are now seeking products that provide not just practicality but also emotional and cultural value. As a result, this quest for distinctive products has significantly contributed to the thriving market in recent years.
The emergence of e-commerce platforms is another key driver of growth. This trend has made it possible for artisans to reach global audiences in a more democratic manner. Dedicated platforms focusing on handmade and vintage items serve as centralized marketplaces where artisans can showcase their creations to a worldwide consumer base. These platforms handle multiple aspects of the transaction process, including payment gateways and sometimes even shipping, enabling artisans to focus primarily on their craft. These factors play a pivotal role in the market's expansion.
Manufacturers are employing tactics like introducing new products and forming strategic partnerships to expand their market presence and tap into new customer bases. For instance, in January 2023, Target, introduced a range of home accessories, including tables, rugs, & other items, through their designer collaborations. These partnerships involve Hearth & Hand with the Magnolia, Opal-house designed with the Jungalow, & Threshold with Studio McGee.
Handicrafts Market Report Highlights
Woodwork segment held the largest share, primarily due to its aesthetic & artistic appeal, and high demand in developed economies
Online segment will grow at the rapid pace, owing to its comfort, convenience, and high value deals with discount and substantial offers
Asia Pacific dominated the market, owing to its diverse culture, availability of handicraft artisans, and rise in foreign tourists seeking hand-made products, depicting social cultures within an art form
The global players include: Asian Handicrafts, Fakih Group, Gangamani Fashions, Haswani Handicrafts, HN Handicrafts, Native Crafts and Arts, S. N. Handicrafts, Sushil Craft, Unique Handicrafts, and Vietnam Handicrafts.
Polaris Market Research has segmented the handicrafts market report based on product, distribution channel, and region:
Handicrafts, Product Outlook (Revenue - USD Billion, 2019 - 2032)
- Apparel & Accessories
- Art Metalware
- Fragrance & Incense Sticks
- Glassware
- Kitchen & Tableware
- Potteryware
- Sculpture
- Woodwork
- Others
Handicrafts, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)
- Mass Retailers
- Independent Retailers
- Specialty Stores
- Online Stores
- Others
Handicrafts, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Product Code: PM4136
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Handicrafts Market Insights
- 4.1. Handicrafts Market - Industry Snapshot
- 4.2. Handicrafts Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growing global interest in diverse cultures and traditions fuels the demand for authentic and traditional handicrafts, driving market growth
- 4.2.1.2. Rising Consumer Preferences for Unique Products
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Competition from Mass Production
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Handicrafts Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Handicrafts Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Handicrafts, by Product, 2019-2032 (USD Billion)
- 5.3. Apparel & Accessories
- 5.3.1. Global Handicrafts Market, by Apparel & Accessories, by Region, 2019-2032 (USD Billion)
- 5.4. Woodwork
- 5.4.1. Global Handicrafts Market, by Woodwork, by Region, 2019-2032 (USD Billion)
- 5.5. Glassware
- 5.5.1. Global Handicrafts Market, by Glassware, by Region, 2019-2032 (USD Billion)
- 5.6. Potteryware
- 5.6.1. Global Handicrafts Market, by Potteryware, by Region, 2019-2032 (USD Billion)
- 5.7. Art Metalware
- 5.7.1. Global Handicrafts Market, by Art Metalware, by Region, 2019-2032 (USD Billion)
- 5.8. Kitchen & Tableware
- 5.8.1. Global Handicrafts Market, by Kitchen & Tableware, by Region, 2019-2032 (USD Billion)
- 5.9. Sculpture
- 5.9.1. Global Handicrafts Market, by Sculpture, by Region, 2019-2032 (USD Billion)
- 5.10. Fragrance & Incense Sticks
- 5.10.1. Global Handicrafts Market, by Fragrance & Incense Sticks, by Region, 2019-2032 (USD Billion)
- 5.11. Others
- 5.11.1. Global Handicrafts Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Handicrafts Market, by Distribution Channel
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 6.3. Mass Retailers
- 6.3.1. Global Handicrafts Market, by Mass Retailers, by Region, 2019-2032 (USD Billion)
- 6.4. Independent Retailers
- 6.4.1. Global Handicrafts Market, by Independent Retailers, by Region, 2019-2032 (USD Billion)
- 6.5. Specialty Stores
- 6.5.1. Global Handicrafts Market, by Specialty Stores, by Region, 2019-2032 (USD Billion)
- 6.6. Online Stores
- 6.6.1. Global Handicrafts Market, by Online Stores, by Region, 2019-2032 (USD Billion)
- 6.7. Others
- 6.7.1. Global Handicrafts Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Handicrafts Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Handicrafts Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Handicrafts Market - North America
- 7.3.1. North America: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.3.2. North America: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- 7.3.3. Handicrafts Market - U.S.
- 7.3.3.1. U.S.: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- 7.3.4. Handicrafts Market - Canada
- 7.3.4.1. Canada: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- 7.4. Handicrafts Market - Europe
- 7.4.1. Europe: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.4.2. Europe: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- 7.4.3. Handicrafts Market - UK
- 7.4.3.1. UK: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- 7.4.4. Handicrafts Market - France
- 7.4.4.1. France: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.4.4.2. France: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- 7.4.5. Handicrafts Market - Germany
- 7.4.5.1. Germany: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- 7.4.6. Handicrafts Market - Italy
- 7.4.6.1. Italy: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- 7.4.7. Handicrafts Market - Spain
- 7.4.7.1. Spain: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- 7.4.8. Handicrafts Market - Netherlands
- 7.4.8.1. Netherlands: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- 7.4.9. Handicrafts Market - Russia
- 7.4.9.1. Russia: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- 7.5. Handicrafts Market - Asia Pacific
- 7.5.1. Asia Pacific: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- 7.5.3. Handicrafts Market - China
- 7.5.3.1. China: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.5.3.2. China: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- 7.5.4. Handicrafts Market - India
- 7.5.4.1. India: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.5.4.2. India: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- 7.5.5. Handicrafts Market - Malaysia
- 7.5.5.1. Malaysia: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- 7.5.6. Handicrafts Market - Japan
- 7.5.6.1. Japan: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- 7.5.7. Handicrafts Market - Indonesia
- 7.5.7.1. Indonesia: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- 7.5.8. Handicrafts Market - South Korea
- 7.5.8.1. South Korea: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- 7.6. Handicrafts Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- 7.6.3. Handicrafts Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- 7.6.4. Handicrafts Market - UAE
- 7.6.4.1. UAE: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- 7.6.5. Handicrafts Market - Israel
- 7.6.5.1. Israel: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- 7.6.6. Handicrafts Market - South Africa
- 7.6.6.1. South Africa: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- 7.7. Handicrafts Market - Latin America
- 7.7.1. Latin America: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- 7.7.3. Handicrafts Market - Mexico
- 7.7.3.1. Mexico: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- 7.7.4. Handicrafts Market - Brazil
- 7.7.4.1. Brazil: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- 7.7.5. Handicrafts Market - Argentina
- 7.7.5.1. Argentina: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Handicrafts Market, by Product, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Asian Handicrafts Pvt. Ltd.
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Fakih Group of Companies
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Gangamani Fashions (Art & Crafts)
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Haswani Handicrafts
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. HN Handicrafts
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Native Crafts and Arts, Inc.
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. S. N. Handicrafts
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Sushil Craft
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Unique Handicrafts Ltd
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Vietnam Handicraft Co., Ltd
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
Product Code: PM4136
List of Tables
- Table 1 Global Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 2 Global Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 3 Handicrafts Market Assessment, By Geography, 2019-2032 (USD Billion)
- Table 4 North America: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 5 North America: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 6 U.S.: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 7 U.S.: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 8 Canada: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 9 Canada: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 10 Europe: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 11 Europe: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 12 UK: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 13 UK: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 14 France: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 15 France: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 16 Germany: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 17 Germany: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 18 Italy: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 19 Italy: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 20 Spain: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 21 Spain: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 22 Netherlands: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 23 Netherlands: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 24 Russia: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 25 Russia: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 26 Asia Pacific: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 27 Asia Pacific: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 28 China: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 29 China: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 30 India: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 31 India: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 32 Malaysia: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 33 Malaysia: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 34 Japan: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 35 Japan: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 36 Indonesia: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 37 Indonesia: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 38 South Korea: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 39 South Korea: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 40 Middle East & Africa: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 41 Middle East & Africa: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 42 Saudi Arabia: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 43 Saudi Arabia: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 44 UAE: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 45 UAE: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 46 Israel: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 47 Israel: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 48 South Africa: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 49 South Africa: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 50 Latin America: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 51 Latin America: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 52 Mexico: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 53 Mexico: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 54 Brazil: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 55 Brazil: Handicrafts Market, by Product, 2019-2032 (USD Billion)
- Table 56 Argentina: Handicrafts Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 57 Argentina: Handicrafts Market, by Product, 2019-2032 (USD Billion)
List of Figures
- Figure 1 Global Handicrafts Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Distribution Channel
- Figure 7 Global Handicrafts Market, by Distribution Channel, 2022 & 2032 (USD Billion)
- Figure 8 Market by Product
- Figure 9 Global Handicrafts Market, by Product, 2022 & 2032 (USD Billion)
- Figure 10 Handicrafts Market Assessment, By Geography, 2019-2032 (USD Billion)
- Figure 11 Strategic Analysis - Handicrafts Market
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