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

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

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.

• Asian Handicrafts Pvt. Ltd. - The company offers Indian handicrafts and fashion jewelry items such as gifts and home decorations (such as photo frames, jewelry boxes, dream catcher, placement, coaster, and napkin ring groups), kids room accessories, Christmas and season decor (such as Christmas ornament and Christmas spray) and fashion jewelry and accessories (such as necklace and earing).
• Fakih Group of Companies Pvt. Ltd. - The company offers handicraft products such as souvenir gifts, furniture, traditional gifts, decorative items, lamps, frames, and oil perfumes.
• HimalayanMart.com - The company offers Nepalese handicrafts such as khukuri, thanka/thangka, cashmere shawl, pashmina shawl, Buddhist ritual item, cashmere silk carpet, wooden sculpture, Nepalese silver jewelry, stone sculpture, Nepalese herbal product, Nepali musical instruments, herbal tea, pashmina product, singing bowl, aromatic herb, Himalayan book, Tibetan carpet, prayer wheel, Nepalese doll/puppet/mask, gifts, cashmere wooden product, and Tibetan artifacts.
• Minhou Minxing Weaving Co. Ltd. - The company offers handicraft products such as traditional tables, display shelves, cabinets, coffee tables, storage, functional wall items, wall art, and tray.
• Native Crafts and Arts - The company offers handicraft products such as bamboo lanterns, candle holders, gift packing, food cover, lighting products, and wood crafts.
• To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

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Key Topics Covered:

• Executive Summary
• Market Landscape
• Market Sizing
• Five Forces Analysis
• Market Segmentation
• Customer landscape
• Geographic Landscape
• Vendor Landscape
• Vendor Analysis
• Appendix

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