Research and Markets: Global Handicrafts Market 2015-2019 – Tourism to Boost Growth

DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/npdtwh/global)
has announced the addition of the “Global
Handicrafts Market 2015-2019”
report to their offering.

This new report predicts the global handicrafts market to grow at a
tremendous rate of 12% during the forecast period. The small initial
investment required such as the setup cost, labor, raw material, and
transportation cost is the primary driver for the growth of this market.
The handicrafts industry is also an important source of foreign exchange
and has immense export potential.

The growth in international and domestic tourism is also expected to
boost the growth of the market during the forecast period. For instance,
Japan’s government has introduced several campaigns to increase the
country’s tourism. The resultant rise in the number of tourists has led
to an increase in the sales of handicraft items in Japan. The rise in
tourism has fuelled the demand for cultural goods, uncommon souvenirs,
and indigenous art.

Product segmentation and analysis of the handicrafts market:

  • Woodware
  • Artmetal ware
  • Handprinted textile and scarves
  • Embroidered and crocheted goods
  • Zari and zari goods
  • Imitation jewellery

Woodware handicrafts accounted for 34% of the market share during 2014.
China and Nepal are known for their attractive architecture made up of
carved wooden struts while Thailand is the key manufacturer of
lacquerware, made up of wood or woven bamboo. The African region is also
popular for its wood carving and sculptures with Kenya being the key
revenue contributing country.

The Americas dominated the handicrafts market during 2014 with a market
share of 38%. The US is the largest revenue contributor in this region.
The high demand for home accessories, jewelry, and other fashion
accessories such as handbags and belts is driving the market growth in
this region.

Companies Mentioned

  • Asian Handicrafts
  • Fakih
  • Handicrafts and Handlooms Exports
  • Minhou Minxing Weaving
  • NGOC Dong Ha Nam
  • Oriental Handicrafts
  • Creative Divya
  • Global Model Art Design
  • Himalayan Asian Handicrafts
  • Native Crafts and Arts
  • Nepal Handicraft Product
  • OSM Handicraft
  • RT Crafts
  • S Sundaravadivel and Company
  • Sana Hastakala
  • Shandong Laizhou Arts and Crafts
  • Ten Thousand Villages
  • The Handicrafts Gallery
  • Zhejiang Ocean Handicrafts

Report Structure:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by product type

PART 07: Geographical segmentation

PART 08: Key leading countries

PART 09: Market drivers

PART 10: Impact of drivers

PART 11: Market challenges

PART 12: Impact of drivers and challenges

PART 13: Market trends

PART 14: Vendor landscape

PART 15: Key vendor analysis

For more information visit http://www.researchandmarkets.com/research/npdtwh/global

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