Handicrafts represent the products that are hand-made using simple tools instead of machines. They are an artistic representation, reflecting the traditions and cultures of a particular city or nation.There are several trends in handicraft Markets now a days.This marketing trends flourishing international and domestic tourism in growth of the market across the globe.
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.
