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Overview Handicrafts Market: Global Industry Trends, Share, Size, Growth,

Added: (Thu Dec 06 2018)

Pressbox (Press Release) - Over the recent years, the global handicrafts market has been witnessing a healthy growth. Some of the factors which are giving impetus to the market include small capital investments, growing interest of consumers in art and culture, flourishing tourism sector and elevating disposable incomes.

According to the latest report by IMARC Group, titled “Handicrafts Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global handicrafts market reached a value of around US$ 526 Billion in 2017. Handicrafts, considered as an artistic representation of a tradition, are products of utility as well as decoration which are handmade with simple tools instead of machines. They are generally made from good quality raw materials like wood, sheet metal, wrought iron, natural fiber, beads, textiles and ceramics. Apart from this, handicrafts aid in strengthening an economy as it offers self-employment to numerous artisans. Some of the handicraft products include handloom, jewellery, apparel, paintings, paper products and leather products.

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Click here for the summary of the report and table of contents: https://www.imarcgroup.com/handicrafts-market

Market Summary:

Based on product, the market has been segmented as woodware, artmetal ware, handprinted textile and scarves, embroidered and crochet goods, zari and zari goods, imitation jewellery and others. Presently, woodware exhibits a clear dominance in the market, holding the largest share.
On the basis of distribution channel, departmental stores account for the majority of the market share as they offer convenience to the consumers. Departmental stores are followed by mass retailers, specialty stores, independent retailers, online and others.
Based on end-use, the report finds that residential currently represents the biggest end-use segment of handicrafts which is followed by commercial.
Region-wise, the market has been classified as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Amongst these, North America is the leading market with the majority of the global share.
The competitive landscape of the market has also been examined with some of the key players being Asian Handicrafts, Fakih Handicrafts, Shandong Laizhou Arts and Crafts, Ten Thousand Villages, Native Crafts and Arts, The Handicrafts Gallery, Minhou Minxing Weaving, NGOC Dong Ha Nam and Oriental Handicrafts.

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Submitted by:Kanika Sharma
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