The latest research study, “Indian Handicrafts Market Report: 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.
Handicrafts are textiles, needlework pieces, ceramics, artisanry, jewellery, and other items made by hand or using simple tools rather than machinery. These one-of-a-kind things represent a region’s culture, legacy, and tradition, and they have varying social, aesthetic, and religious values. Painting, hand dyeing, handloom weaving, woodblock printing, and other traditional skills are used to create handicrafts. Handicrafts have exploded in popularity in recent years due to their low capital requirements, ability to generate foreign exchange revenue, and employment opportunities.
India Handicrafts Market Trends
India’s handicrafts sector is mostly driven by the growing e-commerce industry. Aside from that, handicrafts are gaining a lot of traction as a result of the country’s rising travel and tourism. Tourists spend a significant amount of money on souvenirs and other handmade products, offering opportunities for local artisans and craftsmen to create and sell handicrafts. Furthermore, the growing demand for handcrafted décor accessories in homes, restaurants, and businesses is propelling the industry forward. 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.
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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:
Breakup by Region:
- North India
- West and Central India
- South India
- East India
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Key highlights of the report:
• Market Performance (2016-20
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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