The global Handicrafts market was valued at 46913.2 Million USD in 2021 and will grow with a CAGR of 8.47% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Handicraft products are made up of several materials including sheet metal, wrought iron, natural fiber, wood, river stone, beads, textiles, horn and bone, and ceramics. On the basis of type, the global textile market can be classified into kitchenware, gardenware, toys, officeware, furniture and furnishings, jewelry, bathroom accessories, and others.The growth in international and domestic tourism is also expected to boost the growth of the market during the forecast period. For instance, Japan`s government has introduced several campaigns to increase the country`s tourism. The resultant rise in the number of tourists has led to an increase in the sales of handicraft items in Japan. The rise in tourism has fueled the demand for cultural goods, uncommon souvenirs, and indigenous art.

By Market Verdors:

Asian Handicrafts

Fakih

Handicrafts and Handlooms Export Corp. (HHEC)

Minhou Minxing Weaving

NGOC Dong

Oriental Handicraft

By Types:

Woodware

Artmetal Ware

Handprinted Textile and Scarves

Embroidered and Crocheted Goods

Zari and Zari Goods

Imitation Jewellery

By Applications:

Discount Retailers

Department Stores

Specialty Stores

Catalogue Retailer

Internet Retailer

Independent Retailer

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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