Handicraft Market
Handicraft Market Forecasts to 2030 - Global Analysis By Product Type (Agarbattis, Attars, Embroidered and Crocheted Goods, Handprinted Textiles and Scarves and Other Product Types), Distribution Channel (Mass Retailers, Departmental Stores, Independent Retailers, Online Stores, Specialty Stores, and Other Distribution Channels) End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $835.69 BN |
|
Projected Year Value (2030) |
US $1,746.00 BN |
|
CAGR (2023-2030) |
11.1% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Handicraft Market is accounted for $835.69 billion in 2023 and is expected to reach $1,746.00 billion by 2030 growing at a CAGR of 11.1% during the forecast period. Handicraft refers to the creation of decorative or functional items by skilled artisans or craftsmen, typically using traditional methods and materials. Handicrafts encompass a wide range of crafts, including weaving, pottery, woodwork, metalwork, jewelry-making, textile arts, and more. These items are often produced individually or in small batches and can feature intricate designs, artistic embellishments, and cultural or regional influences.
According to India Brand Equity Foundation (IBEF), the Indian handicrafts sector is fragmented with over seven million regional craftsmen and 67,000 exporters/export houses, promoting regional art and craftsmanship in domestic and international markets. Let’s delve deeper to explore why the sector is all set to upsurge in 2022.
Market Dynamics:
Driver:
Rising trend of home decor
The surging trend of home decor represents a significant driver in the handicraft market. As consumers increasingly seek unique, personalized, and aesthetically appealing interiors, the demand for handcrafted items has soared. Handicrafts, with their individuality and artisanal charm, offer a distinctive touch to home spaces. These items, such as handmade furniture, ceramics, textiles, and decorative pieces, align with the desire for authenticity and craftsmanship. The rising popularity of home decor has led to an expanding market for artisans and craftspeople, fostering innovation, creativity, and a renaissance of traditional craft techniques, driving the growth of the handicraft market.
Restraint:
Unstable raw material prices
Handicrafts often rely on natural and traditional materials, such as wood, metals, textiles, and ceramics. Fluctuations in the cost of these materials can disrupt production budgets, erode profit margins for artisans and businesses, and hinder pricing consistency. As the price of raw materials rises unpredictably, it can make handcrafted products less competitive with mass-produced alternatives, potentially limiting market demand and growth.
Opportunity:
Rising consumer demand for unique handmade products
The desire for distinctive, personalized, and culturally rich goods has spurred a growing market for artisans and craftspeople. Handicrafts, with their artistic flair and cultural significance, align with this trend. Artisans can capitalize on this opportunity by creating and marketing their one-of-a-kind creations, allowing them to meet the burgeoning demand for handcrafted products. This trend fosters creativity, supports local economies, and fuels the growth of the handicraft market.
Threat:
Lack of managerial capabilities
Many artisans and craftsmen, while highly skilled in their craft, often lack the necessary business and management skills. This deficiency can lead to challenges in areas like marketing, pricing, distribution, and financial management. Ineffectively managed operations may result in inefficiencies, missed opportunities, and difficulties in reaching a broader customer base. Moreover, without proficient management, artisans may face challenges in reaching a wider market.
Covid-19 Impact:
The COVID-19 pandemic had a profound impact on the handicraft market. Lockdowns, supply chain disruptions, and reduced consumer spending significantly affected artisans and craft businesses. With craft fairs and in-person markets canceled, many artisans lost essential sales opportunities. However, the pandemic also accelerated the shift towards e-commerce and online sales, enabling some artisans to adapt and reach a broader audience. Moreover, as consumers sought comfort in handcrafted and unique products, there was a resurgence in demand for handicrafts during the pandemic.
The woodware segment is expected to be the largest during the forecast period
The woodware segment is anticipated to dominate the handicraft market during the forecast period. This projection is driven by the timeless appeal and versatility of wood as a crafting material. Woodware encompasses a wide range of products, including furniture, home decor, carvings, and utility items, and its popularity endures due to the inherent warmth and authenticity of wood. Additionally, the segment benefits from the growing consumer preference for eco-friendly and sustainable materials. Further, with its aesthetic charm and environmental appeal, the segment is propelled to grow.
The online stores segment is expected to have the highest CAGR during the forecast period
The online stores segment is expected to witness significant expansion in the forecast period. The shift towards e-commerce has been accelerated by the convenience and safety it offers, especially during the COVID-19 pandemic. Artisans and craft businesses have recognized the potential of online platforms to reach a broader global audience, overcoming geographical limitations. Moreover, the surge in online sales also allows artisans to reduce overhead costs associated with physical storefronts, which further contributes to segment expansion.
Region with largest share:
The Asia Pacific region is poised to hold the largest market share in the handicraft market during the forecast period. This projection is owing to region’s rich cultural heritage and traditions in the region, which have fostered a diverse and extensive array of handicrafts. With a burgeoning population and a growing middle class, there is a substantial local and international demand for unique, handmade products that reflect the region's cultural and artistic diversity. Furthermore, the adoption of e-commerce and the rise of online platforms have allowed artisans and craft businesses in Asia Pacific to reach market expansion.
Region with highest CAGR:
The North America region is expected to witness significant growth in the handicraft market over the forecast period. This projection is driven by a growing appreciation for handcrafted goods, reflecting a cultural shift toward unique, locally sourced, and artisanal products. The region's well-developed infrastructure, including craft fairs, exhibitions, and online platforms, facilitates the sale and promotion of handicrafts. Additionally, presence of a thriving community of skilled craftspeople and artisans further cements North America's dominance in the market.
Key players in the market
Some of the key players in Handicraft Market include Asian Handicrafts Pvt. Ltd., Craft India Overseas, Creative Expressions, Crossroads Foundation, Fakih Group of Companies, Gangga Sukta, Haswani Handicrafts, HN Handicrafts, Kathmandu Handicrafts Pvt. Ltd., Minhou Minxing Weaving Co. Ltd., Native Crafts and Arts, Inc., Nepal Craft Shop Pvt. Ltd., PT Fuzen Decor Bali, PT Harmoni Jaya Kreasi, Sana Hastakala, Sushil Craft, Ten Thousand Villages, The India Craft House, Unique Handicrafts Ltd and Vietnam Handicraft Co., Ltd.
Key Developments:
In June 2023, Amazing Home, a brand of Amazon, launched its range of home décor and furniture products to offer aesthetic home décor solutions to consumers.
In January 2023, Target, a U.S.-based mega retailer, launched a set of home accessories including tables, rugs, and other items through its designer collaborations, Hearth & Hand with Magnolia, Opalhouse designed with Jungalow, and Threshold with Studio McGee.
In September 2022, Crate&Barrel, a U.S.-based furniture retail company, undertook a partnership with Athena Calderone, a renowned interior designer, to design its exclusive home collection products including, furniture, textiles, glassware, and other home décor products.
Product Types Covered:
• Agarbattis
• Attars
• Embroidered and Crocheted Goods
• Handprinted Textiles and Scarves
• Imitation Jewelry
• Metal Artworks
• Pottery and Glass wares
• Sculptures
• Woodware
• Zari and Zari Goods
• Other Product Types
Distribution Channels Covered:
• Mass Retailers
• Departmental Stores
• Independent Retailers
• Online Stores
• Specialty Stores
• Other Distribution Channels
End Users Covered:
• Residential
• Commercial
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Handicraft Market, By Product Type
5.1 Introduction
5.2 Agarbattis
5.3 Attars
5.4 Embroidered and Crocheted Goods
5.5 Handprinted Textiles and Scarves
5.6 Imitation Jewelry
5.7 Metal Artworks
5.8 Pottery and Glass wares
5.9 Sculptures
5.10 Woodware
5.11 Zari and Zari Goods
5.12 Other Product Types
6 Global Handicraft Market, By Distribution Channel
6.1 Introduction
6.2 Mass Retailers
6.3 Departmental Stores
6.4 Independent Retailers
6.5 Online Stores
6.6 Specialty Stores
6.7 Other Distribution Channels
7 Global Handicraft Market, By End User
7.1 Introduction
7.2 Residential
7.3 Commercial
8 Global Handicraft Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Asian Handicrafts Pvt. Ltd.
10.2 Craft India Overseas
10.3 Creative Expressions
10.4 Crossroads Foundation
10.5 Fakih Group of Companies
10.6 Gangga Sukta
10.7 Haswani Handicrafts
10.8 HN Handicrafts
10.9 Kathmandu Handicrafts Pvt. Ltd.
10.10 Minhou Minxing Weaving Co. Ltd.
10.11 Native Crafts and Arts, Inc.
10.12 Nepal Craft Shop Pvt. Ltd.
10.13 PT Fuzen Decor Bali
10.14 PT Harmoni Jaya Kreasi
10.15 Sana Hastakala
10.16 Sushil Craft
10.17 Ten Thousand Villages
10.18 The India Craft House
10.19 Unique Handicrafts Ltd
10.20 Vietnam Handicraft Co., Ltd
List of Tables
1 Global Handicraft Market Outlook, By Region (2021-2030) ($MN)
2 Global Handicraft Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Handicraft Market Outlook, By Agarbattis (2021-2030) ($MN)
4 Global Handicraft Market Outlook, By Attars (2021-2030) ($MN)
5 Global Handicraft Market Outlook, By Embroidered and Crocheted Goods (2021-2030) ($MN)
6 Global Handicraft Market Outlook, By Handprinted Textiles and Scarves (2021-2030) ($MN)
7 Global Handicraft Market Outlook, By Imitation Jewelry (2021-2030) ($MN)
8 Global Handicraft Market Outlook, By Metal Artworks (2021-2030) ($MN)
9 Global Handicraft Market Outlook, By Pottery and Glass wares (2021-2030) ($MN)
10 Global Handicraft Market Outlook, By Sculptures (2021-2030) ($MN)
11 Global Handicraft Market Outlook, By Woodware (2021-2030) ($MN)
12 Global Handicraft Market Outlook, By Zari and Zari Goods (2021-2030) ($MN)
13 Global Handicraft Market Outlook, By Other Product Types (2021-2030) ($MN)
14 Global Handicraft Market Outlook, By Distribution Channel (2021-2030) ($MN)
15 Global Handicraft Market Outlook, By Mass Retailers (2021-2030) ($MN)
16 Global Handicraft Market Outlook, By Departmental Stores (2021-2030) ($MN)
17 Global Handicraft Market Outlook, By Independent Retailers (2021-2030) ($MN)
18 Global Handicraft Market Outlook, By Online Stores (2021-2030) ($MN)
19 Global Handicraft Market Outlook, By Specialty Stores (2021-2030) ($MN)
20 Global Handicraft Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
21 Global Handicraft Market Outlook, By End User (2021-2030) ($MN)
22 Global Handicraft Market Outlook, By Residential (2021-2030) ($MN)
23 Global Handicraft Market Outlook, By Commercial (2021-2030) ($MN)
24 North America Handicraft Market Outlook, By Country (2021-2030) ($MN)
25 North America Handicraft Market Outlook, By Product Type (2021-2030) ($MN)
26 North America Handicraft Market Outlook, By Agarbattis (2021-2030) ($MN)
27 North America Handicraft Market Outlook, By Attars (2021-2030) ($MN)
28 North America Handicraft Market Outlook, By Embroidered and Crocheted Goods (2021-2030) ($MN)
29 North America Handicraft Market Outlook, By Handprinted Textiles and Scarves (2021-2030) ($MN)
30 North America Handicraft Market Outlook, By Imitation Jewelry (2021-2030) ($MN)
31 North America Handicraft Market Outlook, By Metal Artworks (2021-2030) ($MN)
32 North America Handicraft Market Outlook, By Pottery and Glass wares (2021-2030) ($MN)
33 North America Handicraft Market Outlook, By Sculptures (2021-2030) ($MN)
34 North America Handicraft Market Outlook, By Woodware (2021-2030) ($MN)
35 North America Handicraft Market Outlook, By Zari and Zari Goods (2021-2030) ($MN)
36 North America Handicraft Market Outlook, By Other Product Types (2021-2030) ($MN)
37 North America Handicraft Market Outlook, By Distribution Channel (2021-2030) ($MN)
38 North America Handicraft Market Outlook, By Mass Retailers (2021-2030) ($MN)
39 North America Handicraft Market Outlook, By Departmental Stores (2021-2030) ($MN)
40 North America Handicraft Market Outlook, By Independent Retailers (2021-2030) ($MN)
41 North America Handicraft Market Outlook, By Online Stores (2021-2030) ($MN)
42 North America Handicraft Market Outlook, By Specialty Stores (2021-2030) ($MN)
43 North America Handicraft Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
44 North America Handicraft Market Outlook, By End User (2021-2030) ($MN)
45 North America Handicraft Market Outlook, By Residential (2021-2030) ($MN)
46 North America Handicraft Market Outlook, By Commercial (2021-2030) ($MN)
47 Europe Handicraft Market Outlook, By Country (2021-2030) ($MN)
48 Europe Handicraft Market Outlook, By Product Type (2021-2030) ($MN)
49 Europe Handicraft Market Outlook, By Agarbattis (2021-2030) ($MN)
50 Europe Handicraft Market Outlook, By Attars (2021-2030) ($MN)
51 Europe Handicraft Market Outlook, By Embroidered and Crocheted Goods (2021-2030) ($MN)
52 Europe Handicraft Market Outlook, By Handprinted Textiles and Scarves (2021-2030) ($MN)
53 Europe Handicraft Market Outlook, By Imitation Jewelry (2021-2030) ($MN)
54 Europe Handicraft Market Outlook, By Metal Artworks (2021-2030) ($MN)
55 Europe Handicraft Market Outlook, By Pottery and Glass wares (2021-2030) ($MN)
56 Europe Handicraft Market Outlook, By Sculptures (2021-2030) ($MN)
57 Europe Handicraft Market Outlook, By Woodware (2021-2030) ($MN)
58 Europe Handicraft Market Outlook, By Zari and Zari Goods (2021-2030) ($MN)
59 Europe Handicraft Market Outlook, By Other Product Types (2021-2030) ($MN)
60 Europe Handicraft Market Outlook, By Distribution Channel (2021-2030) ($MN)
61 Europe Handicraft Market Outlook, By Mass Retailers (2021-2030) ($MN)
62 Europe Handicraft Market Outlook, By Departmental Stores (2021-2030) ($MN)
63 Europe Handicraft Market Outlook, By Independent Retailers (2021-2030) ($MN)
64 Europe Handicraft Market Outlook, By Online Stores (2021-2030) ($MN)
65 Europe Handicraft Market Outlook, By Specialty Stores (2021-2030) ($MN)
66 Europe Handicraft Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
67 Europe Handicraft Market Outlook, By End User (2021-2030) ($MN)
68 Europe Handicraft Market Outlook, By Residential (2021-2030) ($MN)
69 Europe Handicraft Market Outlook, By Commercial (2021-2030) ($MN)
70 Asia Pacific Handicraft Market Outlook, By Country (2021-2030) ($MN)
71 Asia Pacific Handicraft Market Outlook, By Product Type (2021-2030) ($MN)
72 Asia Pacific Handicraft Market Outlook, By Agarbattis (2021-2030) ($MN)
73 Asia Pacific Handicraft Market Outlook, By Attars (2021-2030) ($MN)
74 Asia Pacific Handicraft Market Outlook, By Embroidered and Crocheted Goods (2021-2030) ($MN)
75 Asia Pacific Handicraft Market Outlook, By Handprinted Textiles and Scarves (2021-2030) ($MN)
76 Asia Pacific Handicraft Market Outlook, By Imitation Jewelry (2021-2030) ($MN)
77 Asia Pacific Handicraft Market Outlook, By Metal Artworks (2021-2030) ($MN)
78 Asia Pacific Handicraft Market Outlook, By Pottery and Glass wares (2021-2030) ($MN)
79 Asia Pacific Handicraft Market Outlook, By Sculptures (2021-2030) ($MN)
80 Asia Pacific Handicraft Market Outlook, By Woodware (2021-2030) ($MN)
81 Asia Pacific Handicraft Market Outlook, By Zari and Zari Goods (2021-2030) ($MN)
82 Asia Pacific Handicraft Market Outlook, By Other Product Types (2021-2030) ($MN)
83 Asia Pacific Handicraft Market Outlook, By Distribution Channel (2021-2030) ($MN)
84 Asia Pacific Handicraft Market Outlook, By Mass Retailers (2021-2030) ($MN)
85 Asia Pacific Handicraft Market Outlook, By Departmental Stores (2021-2030) ($MN)
86 Asia Pacific Handicraft Market Outlook, By Independent Retailers (2021-2030) ($MN)
87 Asia Pacific Handicraft Market Outlook, By Online Stores (2021-2030) ($MN)
88 Asia Pacific Handicraft Market Outlook, By Specialty Stores (2021-2030) ($MN)
89 Asia Pacific Handicraft Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
90 Asia Pacific Handicraft Market Outlook, By End User (2021-2030) ($MN)
91 Asia Pacific Handicraft Market Outlook, By Residential (2021-2030) ($MN)
92 Asia Pacific Handicraft Market Outlook, By Commercial (2021-2030) ($MN)
93 South America Handicraft Market Outlook, By Country (2021-2030) ($MN)
94 South America Handicraft Market Outlook, By Product Type (2021-2030) ($MN)
95 South America Handicraft Market Outlook, By Agarbattis (2021-2030) ($MN)
96 South America Handicraft Market Outlook, By Attars (2021-2030) ($MN)
97 South America Handicraft Market Outlook, By Embroidered and Crocheted Goods (2021-2030) ($MN)
98 South America Handicraft Market Outlook, By Handprinted Textiles and Scarves (2021-2030) ($MN)
99 South America Handicraft Market Outlook, By Imitation Jewelry (2021-2030) ($MN)
100 South America Handicraft Market Outlook, By Metal Artworks (2021-2030) ($MN)
101 South America Handicraft Market Outlook, By Pottery and Glass wares (2021-2030) ($MN)
102 South America Handicraft Market Outlook, By Sculptures (2021-2030) ($MN)
103 South America Handicraft Market Outlook, By Woodware (2021-2030) ($MN)
104 South America Handicraft Market Outlook, By Zari and Zari Goods (2021-2030) ($MN)
105 South America Handicraft Market Outlook, By Other Product Types (2021-2030) ($MN)
106 South America Handicraft Market Outlook, By Distribution Channel (2021-2030) ($MN)
107 South America Handicraft Market Outlook, By Mass Retailers (2021-2030) ($MN)
108 South America Handicraft Market Outlook, By Departmental Stores (2021-2030) ($MN)
109 South America Handicraft Market Outlook, By Independent Retailers (2021-2030) ($MN)
110 South America Handicraft Market Outlook, By Online Stores (2021-2030) ($MN)
111 South America Handicraft Market Outlook, By Specialty Stores (2021-2030) ($MN)
112 South America Handicraft Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
113 South America Handicraft Market Outlook, By End User (2021-2030) ($MN)
114 South America Handicraft Market Outlook, By Residential (2021-2030) ($MN)
115 South America Handicraft Market Outlook, By Commercial (2021-2030) ($MN)
116 Middle East & Africa Handicraft Market Outlook, By Country (2021-2030) ($MN)
117 Middle East & Africa Handicraft Market Outlook, By Product Type (2021-2030) ($MN)
118 Middle East & Africa Handicraft Market Outlook, By Agarbattis (2021-2030) ($MN)
119 Middle East & Africa Handicraft Market Outlook, By Attars (2021-2030) ($MN)
120 Middle East & Africa Handicraft Market Outlook, By Embroidered and Crocheted Goods (2021-2030) ($MN)
121 Middle East & Africa Handicraft Market Outlook, By Handprinted Textiles and Scarves (2021-2030) ($MN)
122 Middle East & Africa Handicraft Market Outlook, By Imitation Jewelry (2021-2030) ($MN)
123 Middle East & Africa Handicraft Market Outlook, By Metal Artworks (2021-2030) ($MN)
124 Middle East & Africa Handicraft Market Outlook, By Pottery and Glass wares (2021-2030) ($MN)
125 Middle East & Africa Handicraft Market Outlook, By Sculptures (2021-2030) ($MN)
126 Middle East & Africa Handicraft Market Outlook, By Woodware (2021-2030) ($MN)
127 Middle East & Africa Handicraft Market Outlook, By Zari and Zari Goods (2021-2030) ($MN)
128 Middle East & Africa Handicraft Market Outlook, By Other Product Types (2021-2030) ($MN)
129 Middle East & Africa Handicraft Market Outlook, By Distribution Channel (2021-2030) ($MN)
130 Middle East & Africa Handicraft Market Outlook, By Mass Retailers (2021-2030) ($MN)
131 Middle East & Africa Handicraft Market Outlook, By Departmental Stores (2021-2030) ($MN)
132 Middle East & Africa Handicraft Market Outlook, By Independent Retailers (2021-2030) ($MN)
133 Middle East & Africa Handicraft Market Outlook, By Online Stores (2021-2030) ($MN)
134 Middle East & Africa Handicraft Market Outlook, By Specialty Stores (2021-2030) ($MN)
135 Middle East & Africa Handicraft Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
136 Middle East & Africa Handicraft Market Outlook, By End User (2021-2030) ($MN)
137 Middle East & Africa Handicraft Market Outlook, By Residential (2021-2030) ($MN)
138 Middle East & Africa Handicraft Market Outlook, By Commercial (2021-2030) ($MN)
List of Figures
List of Figures
Figure 1 Global Handicraft Market Outlook (2021-2030) ($MN)
Figure 2 North America Handicraft Market Outlook (2021-2030) ($MN)
Figure 3 US Handicraft Market Outlook (2021-2030) ($MN)
Figure 4 Canada Handicraft Market Outlook (2021-2030) ($MN)
Figure 5 Mexico Handicraft Market Outlook (2021-2030) ($MN)
Figure 6 Europe Handicraft Market Outlook (2021-2030) ($MN)
Figure 7 Germany Handicraft Market Outlook (2021-2030) ($MN)
Figure 8 UK Handicraft Market Outlook (2021-2030) ($MN)
Figure 9 Italy Handicraft Market Outlook (2021-2030) ($MN)
Figure 10 France Handicraft Market Outlook (2021-2030) ($MN)
Figure 11 Spain Handicraft Market Outlook (2021-2030) ($MN)
Figure 12 Rest of Europe Handicraft Market Outlook (2021-2030) ($MN)
Figure 13 Asia Pacific Handicraft Market Outlook (2021-2030) ($MN)
Figure 14 Japan Handicraft Market Outlook (2021-2030) ($MN)
Figure 15 China Handicraft Market Outlook (2021-2030) ($MN)
Figure 16 India Handicraft Market Outlook (2021-2030) ($MN)
Figure 17 Australia Handicraft Market Outlook (2021-2030) ($MN)
Figure 18 New Zealand Handicraft Market Outlook (2021-2030) ($MN)
Figure 19 South Korea Handicraft Market Outlook (2021-2030) ($MN)
Figure 20 Rest of Asia Pacific Handicraft Market Outlook (2021-2030) ($MN)
Figure 21 South America Handicraft Market Outlook (2021-2030) ($MN)
Figure 22 Argentina Handicraft Market Outlook (2021-2030) ($MN)
Figure 23 Brazil Handicraft Market Outlook (2021-2030) ($MN)
Figure 24 Chile Handicraft Market Outlook (2021-2030) ($MN)
Figure 25 Rest of South America Handicraft Market Outlook (2021-2030) ($MN)
Figure 26 Middle East & Africa Handicraft Market Outlook (2021-2030) ($MN)
Figure 27 Saudi Arabia Handicraft Market Outlook (2021-2030) ($MN)
Figure 28 UAE Handicraft Market Outlook (2021-2030) ($MN)
Figure 29 Qatar Handicraft Market Outlook (2021-2030) ($MN)
Figure 30 South Africa Handicraft Market Outlook (2021-2030) ($MN)
Figure 31 Rest of Middle East & Africa Handicraft Market Outlook (2021-2030) ($MN)
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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