According to the new market research report by IMARC Group, , titled “United States Handicrafts Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What are the growth prospects of the United States handicrafts industry?
The United States handicrafts market size reached US$ 241.1 Billion in 2021. Looking forward, the market expected to reach US$ 429.3 Billion by 2027, exhibiting a growth rate (CAGR) of 10.14% during 2022-2027.
Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027
Handicrafts are products that are made by hands using simple tools rather than mass-production equipment and methods. They represent the tradition, heritage, and culture of a country and are manufactured from various natural products, such as clay, natural fiber, wood, bamboo, animal skin, metal, and stone. They rely on knitting and crocheting processes to make decorative products. They are widely available in the form of clothing, religious artifacts, jewellery, and decorative, fashion, functional, and several types of paper crafts. As handicrafts are utilized in various applications, such as interior decoration, fashion accessories, quilts, and household furnishing, the demand for handicrafts is rising in the United States.
Covid-19 Scenario:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
What are the major market drivers in the United States Handicrafts market?
At present, the increasing demand for goods produced from sustainable resources that are environment-friendly represents one of the key primary factors propelling the market growth in the United States. Besides this, the growing number of handicraft suppliers with improved trade logistics and lower transportation costs in the country is offering a positive market outlook.
Apart from this, the rising demand for various handicraft products, such as furniture, dining accessories, and art decorative, is bolstering the growth of the market. Moreover, the increasing number of gift stores, craft and hobby stores, wholesalers or distributors, department stores, galleries and museums, and home and office decorative accessory stores selling handicrafts products is contributing to the market growth in the country. Furthermore, the wide availability of handicrafts through online distribution channels is strengthening the growth of the market in the US.
Click here to view detailed information with table of content: https://www.imarcgroup.com/united-states-handicrafts-market
The report provides detailed segmentation of the U.S. handicrafts market based on type, material, price, distribution channel, end user and region.
Market Breakup by Product Type:
- Woodware
- Artmetal Ware
- Handprinted Textiles and Scarves
- Embroidered and Crocheted Goods
- Zari and Zari Goods
- Imitation Jewelry
- Sculptures
- Pottery and Glass wares
- Attars and Agarbattis
- Others
Each segment is further described in detail in the report, with value forecasts until 2027
Market Breakup by Distribution Channel:
- Mass Retailers
- Departmental Stores
- Independent Retailers
- Specialty Stores
- Online Stores
- Others
Each segment is further described in detail in the report, with value forecasts until 2027
Market Breakup by End Use:
- Residential
- Commercial
Each segment is further described in detail in the report, with value forecasts until 2027
Market Breakup by Region:
- Northeast
- Midwest
- South
- West
Each segment is further described in detail in the report, with value forecasts until 2027
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