The latest research study, “Indian Handicrafts Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” has been added by IMARC Group. The India handicrafts market is expected to exhibit a CAGR of 7.8% during 2022-2027.
Base Year: 2022
Forecast Year: 2022-2027
Industry Definition and Application:
Handicrafts refer to a wide range of textiles, embroidery pieces, ceramics, artisanry, jewelry, etc., created by hand or by using easy tools instead of machines. These unique items represent the culture, heritage, and tradition of a particular region and have different social, aesthetic, and religious values.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Numerous traditional techniques are applied to make handicrafts, including painting, hand dyeing, handloom weaving, woodblock, etc. In recent years, handicrafts have gained immense popularity as they require low capital investments, produce foreign exchange revenue, and offer employment opportunities.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Indian Handicrafts Market Trends and Drivers:
The expanding e-commerce industry is primarily driving the handicrafts market in India. Besides this, handicrafts are gaining immense traction due to the growing travel and tourism in the country. Tourists spend a considerable amount on purchasing souvenirs and other craft items, thereby providing scope for local artisans and craftsmen to manufacture and sell handicrafts.
Moreover, the rising demand for handmade décor accessories in homes, restaurants and offices, is also providing a thrust to the market. Various other factors, including the inflating consumer disposable incomes and the increasing willingness among individuals to invest in vintage and high-quality handicraft products, are expected to further propel the market for handicrafts in India over the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India handicrafts market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on product type, distribution channel and end use.
Indian Handicrafts Market Analysis and Segmentation:
The report has segmented on the basis of Product Type, end-use, distribution channel and geography
Market Breakup by Product Type:
- Artmetal Ware
- Handprinted Textiles and Scarves
- Embroidered and Crocheted Goods
- Zari and Zari Goods
- Imitation Jewelry
- Pottery and Glass wares
- Attars and Agarbattis
Market Breakup by Distribution Channel:
- Mass Retailers
- Departmental Stores
- Independent Retailers
- Specialty Stores
- Online Stores
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Market Breakup by End Use:
Market Breakup by Region:
- North India
- West and Central India
- South India
- East India
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