Handicrafts Market Growth, Demand and Challenges of the Key Industry Players 2024-2032
                     Global Handicrafts 
Market Research and 
Forecast Report 2024-
2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
About IMARC Group
In ternat ional  Market  Analys is  Research and Consul t ing Group is  a leading adv iser  on management  
s t rategy and market  research wor ldwide.  We par tner  wi th c l ients  in  a l l  regions and indust ry  
vert ica ls  to  ident i fy  thei r  h ighest -value oppor tuni t ies,  address thei r  most  cr i t ica l  chal lenges,  and 
t ransform thei r  bus inesses.
IMARC’s in format ion products  inc lude major market ,  sc ient i f ic ,  economic and technological  
developments  for  bus iness leaders  in  pharmaceut ica l ,  indust r ia l ,  and h igh technology 
organizat ions.  Market  forecasts  and indust ry  analys is  for  b iotechnology,  advanced mater ia ls ,  
chemicals ,  food and beverage,  t ravel  and tour ism, nanotechnology and novel  process ing methods 
are at  the top of  the company’s  exper t ise.
IMARC’s ta i lored approach combines unfathomable ins ight  in to the dynamics o f  companies and 
markets wi th c lose cooperat ion at  a l l  levels  of  the c l ient  organizat ion.  This ensures that  our  c l ients 
achieve unmatchable compet i t ive advantage,  bui ld  more pro f ic ient  organizat ions,  and secure 
las t ing resul ts .
Accord ing  t o  t he  la t es t  r epor t  by  I MARC Group ,  t i t l ed  "Hand i craf ts  Market :  
G loba l  I ndust ry  T rends ,  Share ,  S ize ,  Grow th ,  Opportun i ty  and  Forecast  2024-
2032, "  t he  g loba l  hand i c ra f t s  marke t  s i ze  reached  US$  830 .4  B i l l i on  in  2023 .
Hand i c ra f t s ,  a l so  known as  handmade  p roduc ts  o r  a r t i san ry ,  r e fe r  t o  i t ems made  
Report by  hand  us ing  s imp le  too ls ,  such  as  carv ing  imp lemen ts ,  sc isso rs ,  o r  hooks ,  ra ther  t han  mass  p roduc t ion  me thods  and equ ipm en t .  They  inc lude  t he  p roduc t ion  
o f  a  w ide  range  o f  ob jec t s ,  such  as  re l ig i ous  symbo ls  and  jewe l r y ,  c lo t h ing ,  and  a  
Highlight and va r i e t y  o f  paper  c ra f t s .  
Two  o f  t he  mos t  common t ypes  o f  hand i c ra f t s  i nc lude  c roche t i ng  and kn i t t i ng .  
Description Hand ic ra f t  p roduc ts  a re  p roduced  w i th  h igh  concen t ra t i on  and  hand-eye  coo rd ina t ion .  They  dep ic t  t he  cu l t u re  and t r ad i t i on  o f  t he  p lace  where  t hey  were  
o r ig ina ted  due  t o  t he i r  d i s t inc t  qua l i t i es .  I n  r ecent  years ,  hand ic ra f t s  have  ga ined  
t r ac t i on  as  some o f  t hese  p roduc t s  a lso  add aes the t i c  and  deco ra t i ve  va lue .
Request  fo r  a  PDF sample  o f  th is  repor t :  
ht tps : / / www. imarcgroup .com/hand ic ra f t s -marke t / reques tsamp le
Report Description
Global  Handi craf ts  Market  T rends:
One o f  t he  p r imary  fac t o r s  d r i v i ng  the  marke t  i s  t he  g row ing  pene t ra t ion  o f  on l ine  re t a i l  and  num erous  e -commerce  
p la t f o rms .  On  accoun t  o f  t he  a fo rement ioned f ac to r ,  t he  access ib i l i t y  o f  hand i c ra f t s  has  become more  conven ien t  f o r  
consumers ,  t hus  esca la t ing  demand fo r  handmade decor  i t ems  in  bo th  the  res iden t ia l  and  commerc ia l  sec to rs .  O the r  
t han  th is ,  t he re  has  been i nc reas ing  popu la r i t y  o f  t he  p roduc t  i n  hosp i ta l s ,  o f f i ces ,  and  ho t e l s  t o  dep ic t  t he  cu l tu re  
and t r ad i t i on  o f  t he  p lace ,  t hereby  pos i t i ve ly  i n f l uenc ing  t he  marke t  g rowth .  
Bes ides  t h is ,  t he  i nc reas ing  number  o f  t r ave l  en t hus ias ts ,  t he  exponent ia l  g rowth  in  t he  t rave l  and  t ou r i sm i ndus t r y ,  
a long  w i t h  t he  inc reas ing  w i l l i ngness  o f  i nd iv idua ls  t o  co l l ec t  souven i r s  i s  o f fe r ing  s ign i f i can t  oppor t un i t i es  to  a r t i sans  
and hand ic ra f t  manu fac t u re rs  g loba l l y .  I n  l i ne  w i th  th i s ,  i nd iv idua ls  a re  sh i f t i ng  t oward  con tempora ry  des igns ,  
expand ing  d isposab le  income l eve l s ,  l ow  cap i t a l  i nves tment s ,  and  s t imu la t ion  o f  c rea t i v i t y  and  imag ina t ion .
Look ing  forward ,  IMARC Group  expects  the  market  va lue  to  reach  US$  1 ,864 .1  B i l l i on  by 2032 ,  expand ing  a t  a  
CAGR o f  9 .2% dur i ng  the  fo recast  per iod  (2024-2032) .
V i ew Report  TOC,  F igures and  Tab les :  h t tps: / / www. i marcgroup .com/hand i cra f ts -market
Breakup by Product Type:
• Woodware
• Artmetal  Ware
• Handprinted Text i les and Scarves
• Embroidered and Crocheted Goods
• Zari  and Zar i  Goods
• Imitat ion Jewelry
Report • Sculptures
Segmentation • Pottery and Glass wares
• Attars and Agarbatt is
• Others
Breakup by Distribution Channel:
• Mass Retai lers
• Departmental  Stores
• Independent Retai lers
• Specialty  Stores
• Onl ine Stores
• Others
Breakup by End-Use:
• Resident ia l
Report • Commercial
Segmentation
Breakup by Region:
• Asia-Pacifi c
• North America
• Europe
• Middle East  and Afr ica
• Lat in America
• Asian Handicraft
• Fakih Group of Companies
• Shandong Laizhou Arts and Crafts Imp & 
Competitive Exp Co. Ltd.
• Ten Thousand Vi l lages
Landscape 
• Oriental  Handicrafts Pte. Ltd.
with Key • NGOC Dong Ha Nam
Players • Minhou Minxing Weaving Co. Ltd.
• Native Crafts and Arts Industr ies
What is the size of the global handicrafts market in 
2023?
What is the expected growth rate of the global 
handicrafts market during 2024-2032?
What are the key factors driving the global 
handicrafts market?
Key 
What has been the impact of COVID-19 on the 
Questions global handicrafts market?
Answered in What is the breakup of the global handicrafts market based on the product type?
the Report What is the breakup of the global handicrafts 
market based on the distribution channel?
What is the breakup of the global handicrafts 
market breakup based on the end use?
What are the key regions in the global handicrafts 
market?
Who are the key companies/players in the global 
handicrafts market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
Table of         2 . 4 . 1     B o t t o m - U p  A p p r o a c h        2 . 4 . 2     T o p - D o w n  A p p r o a c h
    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
    2 . 6     S t u d y  A s s u m p t i o n s
3     E x e c u t i v e  S u m m a r y
Contents 4     I n t r o d u c t i o n    4 . 1     O v e r v i e w
    4 . 2     K e y  I n d u s t r y  T r e n d s
5     G l o b a l  H a n d i c r a f t s  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     P r i c e  A n a l y s i s
        5 . 4 . 1     K e y  P r i c e  I n d i c a t o r s
        5 . 4 . 2     P r i c e  S t r u c t u r e
        5 . 4 . 3     M a r g i n  A n a l y s i s
    5 . 5     M a r k e t  B r e a k u p  b y  P r o d u c t  T y p e
    5 . 6     M a r k e t  B r e a k u p  b y  D i s t r i b u t i o n  C h a n n e l
    5 . 7     M a r k e t  B r e a k u p  b y  E n d  U s e
    5 . 8     M a r k e t  B r e a k u p  b y  R e g i o n
    5 . 9     M a r k e t  F o r e c a s t
    5 . 1 0     S W O T  A n a l y s i s
       
        5 . 1 0 . 1     O v e r v i e w
        5 . 1 0 . 2     S t r e n g t h s
        5 . 1 0 . 3     W e a k n e s s e s
        5 . 1 0 . 4     O p p o r t u n i t i e s
        5 . 1 0 . 5     T h r e a t s
    5 . 1 1     V a l u e  C h a i n  A n a l y s i s
        5 . 1 1 . 1     O v e r v i e w
        5 . 1 1 . 2     I n p u t  S u p p l i e r s
        5 . 1 1 . 3     H a n d i c r a f t s  M a n u f a c t u r e r s
        5 . 1 1 . 4     D i s t r i b u t o r s
        5 . 1 1 . 5     R e t a i l e r s
Table of         5 . 1 1 . 6     E n d  C o n s u m e r    5 . 1 2     P o r t e r ’ s  F i v e  F o r c e s  A n a l y s i s
        5 . 1 2 . 1     O v e r v i e w
        5 . 1 2 . 2     B a r g a i n i n g  P o w e r  o f  B u y e r s
Contents         5 . 1 2 . 3     B a r g a i n i n g  P o w e r  o f  S u p p l i e r s        5 . 1 2 . 4     D e g r e e  o f  R i v a l r y
        5 . 1 2 . 5     T h r e a t  o f  N e w  E n t r a n t s
        5 . 1 2 . 6     T h r e a t  o f  S u b s t i t u t e s
    5 . 1 3     K e y  S u c c e s s  F a c t o r s
        5 . 1 3 . 1     I m p a c t  o f  G l o b a l i z a t i o n
        5 . 1 3 . 2     R a p i d  C h a n g e s  i n  M a r k e t  T r e n d s
        5 . 1 3 . 3     C o n t e m p o r a r y  M i n i m a l i s m
        5 . 1 3 . 4     G r o w t h  i n  O n l i n e  S a l e s
        5 . 1 3 . 5     H e i g h t e n e d  A w a r e n e s s  o f  E n v i r o n m e n t a l  a n d  S o c i a l  
C o n c e r n s
6    M a r k e t  B r e a k u p  b y  P r o d u c t  T y p e
    6 . 1     W o o d w a r e
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
h t t p s : / / w w w. im a rcg ro u p . co m / h a n d i c r a f t s - m a r ke t / t o c
Disclaimer
© 2023  IMARC Al l  R ights  Reserved 
Th is  Pub l i ca t ion  and  a l l  i t ’ s  con ten ts  un less  o therw ise  men t i oned  a re  copy r i gh ted  in  the  name o f  
I n t e rna t i ona l  Marke t  Ana lys i s  Research  and  Consu l t ing  ( IMARC) .  No  pa r t  o f  t h i s  pub l i ca t ion  may  be  
rep roduced ,  repackaged ,  red i s t r i bu ted  o r  res o ld  i n  who le  o r  i n  any  pa r t .  The  pub l i ca t ion  may  a l so  
no t  be  used  i n  any  f o rm o r  by  and means  g raph i c  e lec t ron ic  o r  mechan ic a l ,  i nc lud ing  pho tocopy ing ,  
reco rd ing ,  t ap ing  o r  by  i n fo rmat i on  s to rage  o r  re t r ieva l ,  o r  by  any  o the r  f o rm,  w i t hou t  the  exp ress  
c ons en t  o f  I n t e rna t iona l  Marke t  Ana lys i s  Research  and  Consu l t i ng  ( IMARC) .
Disc la imer :  Al l  con ten ts  and  da ta  o f  t h i s  pub l i c a t i on ,  i nc lud ing  fo recas t s ,  da ta  ana lys i s  and  op in ion  
have  been  based  on  in f o rmat ion  and  sources  be l ieved  to  be  accu ra te  and  re l iab le  a t  t he  t ime  o f  
pub l i sh ing .  In t e rna t i ona l  Ma rke t  Ana l ys is  Research  and  Consu l t ing  makes  no  rep resen ta t ion  o f  
war ran t y  o f  any  k ind  as  to  t he  acc u racy  o r  comp le teness  o f  any  I n fo rmat i on  p rov ided .  IMARC 
accep ts  no  l i ab i l i t y  wha tsoever  f o r  any  los s  o r  damage  resu l t i ng  f rom op in ion ,  e r ro rs  o r  
i naccu rac ies  i f  any  f ound  th is  pub l i ca t ion .
IMARC,  IMARC Group  and  G loba l  Therapy  I ns igh t  Ser i es  a re  reg is t e red  t rademarks  o f  I n te rna t iona l  
Marke t  Ana lys i s  Research  and  Consu l t ing .  A l l  o the r  t rademarks  used  i n  th i s  pub l i ca t i on  a re  
reg i s te red  t rademarks  o f  t he i r  r espec t i ve  compan ies .
Contact Us
Visit us at :
https://www.imarcgroup.com
TELEPHONE: +1-631-791-1145 
E-MAIL: [email protected]