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Vendor Landscape
The global handicrafts market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The market is characterized by the presence of a significant number of small- to medium-scale vendors offering significantly differentiated products. Key vendors hold significant shares in the market. Established vendors have strong financial resources and technical expertise and they focus on product innovations. Small-scale vendors compete with established players by focusing on low pricing strategies and strengthening their presence in local markets.
Technavio identifies Asian Handicrafts Pvt. Ltd., Fakih Group of Companies Pvt. Ltd., HimalayanMart.com, Minhou Minxing Weaving Co. Ltd., Native Crafts and Arts, Ngoc Dong Ha Nam Co. Ltd., Orient Handicraft Co. Ltd., OSM HANDICRAFT, Ten Thousand Villages US, and The Handicrafts & Handloom Exports Corp. of India Ltd. as some of the major market participants.
Market Dynamics
Although the need for low capital investments, growth in travel and tourism, and the rise in government support and funding will offer immense growth opportunities, the lack of information regarding handicraft products, the lack of trained and skilled workers to manufacture handicraft products, and the lack of managerial capabilities will challenge the growth of the market. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Identify other factors impacting the growth of market players and get more highlights on the vendor landscape. View Our Sample Report Now
Handicrafts Market 2021-2025: Segmentation
Handicrafts Market is segmented as below:
- Product
- Metal Art Ware and Jewelry
- Woodware
- Textile Products
- Others
The metal art ware and jewelry segment accounted for the largest market share in 2021. The segment is driven by innovations in metal art ware, specifically in tableware, lighting products, and decorative products. Also, the increasing demand for metal-based outdoor handicrafts such as swings and furniture in the European market is driving the contributing to the growth of the segment.
- Geography
- North America
- Europe
- APAC
- MEA
- South America
The North American region will provide significant growth opportunities for market players during the forecast period. The growth in travel and tourism activities and the presence of a large number of importers of handicraft products are driving the growth of the regional market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our handicrafts market report covers the following areas:
Handicrafts Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the handicrafts market, including some of the vendors. Backed with competitive intelligence and benchmarking, our research report on the handicrafts market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Handicrafts Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist handicrafts market growth during the next five years
- Estimation of the handicrafts market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the handicrafts market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of handicrafts market vendors
Related Reports:
Handicrafts Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 13.09% |
Market growth 2021-2025 |
USD 514.92 billion |
Market structure |
Fragmented |
YoY growth (%) |
12.03 |
Regional analysis |
North America, Europe, APAC, MEA, and South America |
Performing market contribution |
North America at 35% |
Key consumer countries |
US, UK, Germany, Japan, and UAE |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Asian Handicrafts Pvt. Ltd., Fakih Group of Companies Pvt. Ltd., HimalayanMart.com, Minhou Minxing Weaving Co. Ltd., Native Crafts and Arts, Ngoc Dong Ha Nam Co. Ltd., Orient Handicraft Co. Ltd., OSM HANDICRAFT, Ten Thousand Villages US, and The Handicrafts & Handloom Exports Corp. of India Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table Of Contents :
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- 2.2 Market characteristics
- Exhibit 02: Market characteristics
- 2.3 Value chain analysis
- Exhibit 03: Value chain analysis: Home furnishings market
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 15: Product - Market share 2020-2025 (%)
- 5.2 Comparison by Product
- Exhibit 16: Comparison by Product
- 5.3 Metal art ware and jewelry - Market size and forecast 2020-2025
- Exhibit 17: Metal art ware and jewelry - Market size and forecast 2020-2025 ($ billion)
- Exhibit 18: Metal art ware and jewelry - Year-over-year growth 2020-2025 (%)
- 5.4 Woodware - Market size and forecast 2020-2025
- Exhibit 19: Woodware - Market size and forecast 2020-2025 ($ billion)
- Exhibit 20: Woodware - Year-over-year growth 2020-2025 (%)
- 5.5 Textile products - Market size and forecast 2020-2025
- Exhibit 21: Textile products - Market size and forecast 2020-2025 ($ billion)
- Exhibit 22: Textile products - Year-over-year growth 2020-2025 (%)
- 5.6 Others - Market size and forecast 2020-2025
- Exhibit 23: Others - Market size and forecast 2020-2025 ($ billion)
- Exhibit 24: Others - Year-over-year growth 2020-2025 (%)
- 5.7 Market opportunity by Product
- Exhibit 25: Market opportunity by Product
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 27: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 28: Geographic comparison
- 7.3 North America - Market size and forecast 2020-2025
- Exhibit 29: North America - Market size and forecast 2020-2025 ($ billion)
- Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
- 7.4 Europe - Market size and forecast 2020-2025
- Exhibit 31: Europe - Market size and forecast 2020-2025 ($ billion)
- Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)
- 7.5 APAC - Market size and forecast 2020-2025
- Exhibit 33: APAC - Market size and forecast 2020-2025 ($ billion)
- Exhibit 34: APAC - Year-over-year growth 2020-2025 (%)
- 7.6 MEA - Market size and forecast 2020-2025
- Exhibit 35: MEA - Market size and forecast 2020-2025 ($ billion)
- Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)
- 7.7 South America - Market size and forecast 2020-2025
- Exhibit 37: South America - Market size and forecast 2020-2025 ($ billion)
- Exhibit 38: South America - Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 39: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 40: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.2 Market challenges
- Exhibit 41: Impact of drivers and challenges
9 Vendor Landscape
- 9.1 Vendor landscape
- Exhibit 42: Vendor landscape
- 9.2 Landscape disruption
- Exhibit 43: Landscape disruption
- 9.3 Industry risks
- Exhibit 44: Industry risks
10 Vendor Analysis
- 10.2 Market positioning of vendors
- Exhibit 46: Market positioning of vendors
- 10.3 Asian Handicrafts Pvt. Ltd.
- Exhibit 47: Asian Handicrafts Pvt. Ltd. - Overview
- Exhibit 48: Asian Handicrafts Pvt. Ltd. - Product and service
- Exhibit 49: Asian Handicrafts Pvt. Ltd. - Key offerings
- 10.4 Fakih Group of Companies Pvt. Ltd.
- Exhibit 50: Fakih Group of Companies Pvt. Ltd. - Overview
- Exhibit 51: Fakih Group of Companies Pvt. Ltd. - Product and service
- Exhibit 52: Fakih Group of Companies Pvt. Ltd. - Key offerings
- 10.5 HimalayanMart.com
- Exhibit 53: HimalayanMart.com - Overview
- Exhibit 54: HimalayanMart.com - Product and service
- Exhibit 55: HimalayanMart.com - Key offerings
- 10.6 Minhou Minxing Weaving Co. Ltd.
- Exhibit 56: Minhou Minxing Weaving Co. Ltd. - Overview
- Exhibit 57: Minhou Minxing Weaving Co. Ltd. - Product and service
- Exhibit 58: Minhou Minxing Weaving Co. Ltd. - Key offerings
- 10.7 Native Crafts and Arts
- Exhibit 59: Native Crafts and Arts - Overview
- Exhibit 60: Native Crafts and Arts - Product and service
- Exhibit 61: Native Crafts and Arts - Key offerings
- 10.8 Ngoc Dong Ha Nam Co. Ltd.
- Exhibit 62: Ngoc Dong Ha Nam Co. Ltd. - Overview
- Exhibit 63: Ngoc Dong Ha Nam Co. Ltd. - Product and service
- Exhibit 64: Ngoc Dong Ha Nam Co. Ltd. - Key offerings
- 10.9 Orient Handicraft Co. Ltd.
- Exhibit 65: Orient Handicraft Co. Ltd. - Overview
- Exhibit 66: Orient Handicraft Co. Ltd. - Product and service
- Exhibit 67: Orient Handicraft Co. Ltd. - Key offerings
- 10.10 OSM HANDICRAFT
- Exhibit 68: OSM HANDICRAFT - Overview
- Exhibit 69: OSM HANDICRAFT - Product and service
- Exhibit 70: OSM HANDICRAFT - Key offerings
- 10.11 Ten Thousand Villages US
- Exhibit 71: Ten Thousand Villages US - Overview
- Exhibit 72: Ten Thousand Villages US - Product and service
- Exhibit 73: Ten Thousand Villages US - Key offerings
- 10.12 The Handicrafts & Handloom Exports Corp. of India Ltd.
- Exhibit 74: The Handicrafts & Handloom Exports Corp. of India Ltd. - Overview
- Exhibit 75: The Handicrafts & Handloom Exports Corp. of India Ltd. - Product and service
- Exhibit 76: The Handicrafts & Handloom Exports Corp. of India Ltd. - Key offerings
11 Appendix
- 11.2 Currency conversion rates for US$
- Exhibit 77: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 78: Research Methodology
- Exhibit 79: Validation techniques employed for market sizing
- Exhibit 80: Information sources
- 11.4 List of abbreviations
- Exhibit 81: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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