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Global Handicrafts Market Share, Trends, Growth, Forecast: By Product: Woodware, Artmetal Ware, Handprinted Textiles and Scarves, Embroidered and Crocheted Goods, Zari and Zari Goods, Imitation Jewellery, Sculptures, Pottery and Glassware, Others; By End User; By Distribution Channel; Regional Analysis; Competitive Landscape; 2024-2032
Global Handicrafts Market Size
The global handicrafts market stood at a value of USD 787.85 billion in 2023. The handicrafts market is projected to witness a CAGR of 11.8% over the forecast period of 2024-2032. It is expected to reach USD 2,149.93 billion by 2032.
| Global Handicrafts Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 787.9 |
| Market Size 2032 | USD Billion | 2,149.9 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 11.8% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 13.3% |
| CAGR 2024-2032 - Market by Country | India | 14.1% |
| CAGR 2024-2032 - Market by Country | China | 12.9% |
| CAGR 2024-2032 - Market by Product | Handprinted Textiles and Scarves | 13.5% |
| CAGR 2024-2032 - Market by End User | Residential | 12.2% |
| Market Share by Country | Saudi Arabia | 2.4% |
Handicrafts Market Report Snapshots
Handicrafts Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Handicrafts Market Analysis
8.1 Key Industry Highlights
8.2 Global Handicrafts Historical Market (2018-2023)
8.3 Global Handicrafts Market Forecast (2024-2032)
8.4 Global Handicrafts Market by Product
8.4.1 Woodware
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Artmetal Ware
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Handprinted Textiles and Scarves
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Embroidered and Crocheted Goods
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Zari and Zari Goods
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Imitation Jewellery
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Sculptures
8.4.7.1 Historical Trend (2018-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.4.8 Pottery and Glassware
8.4.8.1 Historical Trend (2018-2023)
8.4.8.2 Forecast Trend (2024-2032)
8.4.9 Attars and Agarbattis
8.4.9.1 Historical Trend (2018-2023)
8.4.9.2 Forecast Trend (2024-2032)
8.4.10 Others
8.5 Global Handicrafts Market by End User
8.5.1 Residential
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Commercial
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Handicrafts Market by Distribution Channel
8.6.1 Mass Retailers
8.6.1.2 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Departmental Stores
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Independent Retailers
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Online Stores
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Handicrafts Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Handicrafts Market Analysis
9.1 Market by Product
9.2 Market by End User
9.3 Market by Distribution Channel
9.4 Market by Country
9.4.1 United States of America
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Canada
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
10 Europe Handicrafts Market Analysis
10.1 Market by Product
10.2 Market by End User
10.3 Market by Distribution Channel
10.4 Market by Country
10.4.1 United Kingdom
10.4.1.1 Historical Trend (2018-2023)
10.4.1.2 Forecast Trend (2024-2032)
10.4.2 Germany
10.4.2.1 Historical Trend (2018-2023)
10.4.2.2 Forecast Trend (2024-2032)
10.4.3 France
10.4.3.1 Historical Trend (2018-2023)
10.4.3.2 Forecast Trend (2024-2032)
10.4.4 Italy
10.4.4.1 Historical Trend (2018-2023)
10.4.4.2 Forecast Trend (2024-2032)
10.4.5 Others
11 Asia Pacific Handicrafts Market Analysis
11.1 Market by Product
11.2 Market by End User
11.3 Market by Distribution Channel
11.4 Market by Country
11.4.1 China
11.4.1.1 Historical Trend (2018-2023)
11.4.1.2 Forecast Trend (2024-2032)
11.4.2 Japan
11.4.2.1 Historical Trend (2018-2023)
11.4.2.2 Forecast Trend (2024-2032)
11.4.3 India
11.4.3.1 Historical Trend (2018-2023)
11.4.3.2 Forecast Trend (2024-2032)
11.4.4 ASEAN
11.4.4.1 Historical Trend (2018-2023)
11.4.4.2 Forecast Trend (2024-2032)
11.4.5 South Korea
11.4.5.1 Historical Trend (2018-2023)
11.4.5.2 Forecast Trend (2024-2032)
11.4.6 Australia
11.4.6.1 Historical Trend (2018-2023)
11.4.6.2 Forecast Trend (2024-2032)
11.4.7 Others
12 Latin America Handicrafts Market Analysis
12.1 Market by Product
12.2 Market by End User
12.3 Market by Distribution Channel
12.4 Market by Country
12.4.1 Brazil
12.4.1.1 Historical Trend (2018-2023)
12.4.1.2 Forecast Trend (2024-2032)
12.4.2 Argentina
12.4.2.1 Historical Trend (2018-2023)
12.4.2.2 Forecast Trend (2024-2032)
12.4.3 Mexico
12.4.3.1 Historical Trend (2018-2023)
12.4.3.2 Forecast Trend (2024-2032)
12.4.4 Others
13 Middle East and Africa Handicrafts Market Analysis
13.1 Market by Product
13.2 Market by End User
13.3 Market by Distribution Channel
13.4 Market by Country
13.4.1 Saudi Arabia
13.4.1.1 Historical Trend (2018-2023)
13.4.1.2 Forecast Trend (2024-2032)
13.4.2 United Arab Emirates
13.4.2.1 Historical Trend (2018-2023)
13.4.2.2 Forecast Trend (2024-2032)
13.4.3 Nigeria
13.4.3.1 Historical Trend (2018-2023)
13.4.3.2 Forecast Trend (2024-2032)
13.4.4 South Africa
13.4.4.1 Historical Trend (2018-2023)
13.4.4.2 Forecast Trend (2024-2032)
13.4.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Asian Handicrafts Pvt. Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Native Crafts and Arts, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Fakih Group of Companies
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Gangamani Fashions (Art & Crafts)
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 HN Handicrafts
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 S. N. Handicrafts
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Unique Handicrafts Ltd
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Vietnam Handicraft Co., Ltd
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Haswani Handicrafts
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Sushil Craft
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Handicrafts Market: Key Industry Highlights, 2018 and 2032
2. Global Handicrafts Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Handicrafts Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Handicrafts Historical Market: Breakup by End User (USD Million), 2018-2023
5. Global Handicrafts Market Forecast: Breakup by End User (USD Million), 2024-2032
6. Global Handicrafts Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
7. Global Handicrafts Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
8. Global Handicrafts Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Handicrafts Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Handicrafts Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Handicrafts Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Handicrafts Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Handicrafts Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Handicrafts Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Handicrafts Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Handicrafts Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Handicrafts Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Handicrafts Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Handicrafts Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Handicrafts Market Structure
Key Questions Answered in the Report
In 2023, the global handicrafts market attained a value of nearly USD 787.85 billion.
The market is projected to grow at a CAGR of 11.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 2,149.93 billion by 2032.
The key factors of the market, such as the rising demand for kitchenware, decorative materials, toys, and others, increasing demand for an extensive range of handicraft products at an affordable price, and the rising demand for fashion accessories, home accessories, and jewellery, are expected to aid the market growth.
The key market trend guiding the growth of the handicrafts market includes the rising demand for the product as an important source of huge exports and potential foreign exchange in the forecast period.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Woodware is the leading product of handicrafts in the market.
The mass retailer segment leads the distribution channel segment.
The residential segment accounted for the leading end user sector of handicrafts.
The major players in the market are Asian Handicrafts Pvt. Ltd., Native Crafts and Arts, Inc., Fakih Group of Companies, Gangamani Fashions (Art & Crafts), HN Handicrafts, S. N. Handicrafts, Unique Handicrafts Ltd, Vietnam Handicraft Co., Ltd, Haswani Handicrafts, and Sushil Craft, among others.
Top players are Asian Handicrafts Pvt. Ltd., Noah’s Ark International Exports, Matr Boomie, The Citizenry, and Novica, among others.
The Asia Pacific holds the highest share in the region.
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