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Handicrafts Market to grow by USD 514.92 billion from 2020 to 2025 | Need for Low Capital Investments to Boost Growth | 17000+ Technavio Reports

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NEW YORK, Jan. 13, 2022 /PRNewswire/ — The “Handicrafts Market by Product (Metal art ware and jewelry, Woodware, Textile Products, and Others) and Geography (North America, Europe, APAC, MEA, and South America) – Forecast and Analysis 2021-2025” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. 35% of the market’s growth will originate from North America during the forecast period. The US is the key market for handicrafts market in North America. Market growth in this region will be slower than the growth of the market in Europe. The presence of favorable government policies for the import of handicrafts and growing demand for handicraft products such as handprinted textiles, metalware, and embroidered goods will facilitate the handicrafts market growth in North America over the forecast period

Attractive Opportunities in Handicrafts Market by Product and Geography – Forecast and Analysis 2021-2025

The potential growth difference for the handicrafts market between 2020 and 2025 is USD 514.92 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.

Key Market Dynamics:

  • Market Driver

  • Market Challenges

The need for low capital investments will boost the handicrafts market. However, factors such as lack of information regarding handicraft products will challenge market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge.

To learn about additional key drivers, trends, and challenges – Read our FREE Sample Report right now!

The handicrafts market report is segmented by Product (Metal art ware and jewelry, Woodware, Textile Products, and Others) and Geography (North America, Europe, APAC, MEA, and South America).

The handicrafts market share growth by the metal art ware and jewelry segment will be significant for revenue generation. Traditional metal art ware has an established market across the globe and contributes to a significant share of employment in the global handicrafts market. The demand for metal-based outdoor handicrafts such as swings and furniture is increasing, especially in European countries such as France and Germany.

View our sample report for additional insights into the contribution of all the segments & regional opportunities in the report.

Some Companies Mentioned with their Offerings

The handicrafts market is fragmented and the vendors are deploying growth strategies such as product innovations and gaining a market foothold in local markets to compete in the market.

  • To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

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Handicrafts Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of about 13%

Market growth 2021-2025

USD 514.92 billion

Market structure

Fragmented

YoY growth (%)

12.03

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 35%

Key consumer countries

US, UK, Germany, Japan, and UAE

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Asian Handicrafts Pvt. Ltd., Fakih Group of Companies Pvt. Ltd., HimalayanMart.com, Minhou Minxing Weaving Co. Ltd., Native Crafts and Arts, Ngoc Dong Ha Nam Co. Ltd., Orient Handicraft Co. Ltd., OSM HANDICRAFT, Ten Thousand Villages US, and The Handicrafts & Handloom Exports Corp. of India Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

  • Executive Summary

  • Market Landscape

  • Market Sizing

  • Five Forces Analysis

  • Market Segmentation

  • Customer landscape

  • Geographic Landscape

  • Vendor Landscape

  • Vendor Analysis

  • Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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