Handicraft Market by Product (Woodworks, Metal Artworks, Hand-printed Textiles & Embroidered Goods, Imitation Jewelry, Others), by End-user (Residential, Commercial), by Distribution Channel (Specialty Stores, Independent Retailers, Online Stores, Others), by By Geography (North America), by Europe (Germany, France, Italy, Spain, U.K., Rest of Europe), by Asia Pacific (China, India, Japan, Australia, Rest of Asia Pacific), by South America (Brazil, Argentina, Rest of South America), by Middle East & Africa (South Africa, UAE, Rest of ME&A) Forecast 2024-2032
The Handicraft Market size was valued at USD 915.93 USD Billion in 2023 and is projected to reach USD 1794.00 USD Billion by 2032, exhibiting a CAGR of 10.08 % during the forecast period. Handicraft is the process of making different objects and accessories with their own hands using different kinds of tools, mainly by artists. It is a very broad field and covers all kinds of artefacts that man has made from the pre-historic periods like pottery and weaving, woodworking to even metalwork. Every kind of handicraft has its characteristics that can inform about the traditions of the creating people and their ideas. Handicrafts have uses in all aspects of existence, within households, in fashion accessories and many others, they both act as aesthetic and functional items. As is evidenced by the research, participation in handicrafts has numerous positive implications. First of all, it can provide creativity and skills to perform, giving a chance to be creative and improve skills to some people. In addition, art enhances cultural sustainability as it retains conventional practices and aesthetics that have been used in the making of products and artefacts for generations. Furthermore, handicrafts can create an economic benefit for artisans as it empowers them by giving a source of income and means to earn a living for those located in rural or impoverished areas.
Product:
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 10.08% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 10.08% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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