Asia Pacific Handicrafts Market Report 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, and Others), Distribution Channel (Mass Retailers, Departmental Stores, Independent Retailers, Specialty Stores, Online Stores, and Others), End Use (Residential, Commercial), and Country 2024-2032
The Asia Pacific handicrafts market size reached US$ 190.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 473.3 Billion by 2032, exhibiting a growth rate (CAGR) of 10.3% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 190.8 Billion
Market Forecast in 2032
US$ 473.3 Billion
Market Growth Rate (2024-2032)
10.3%
Handicrafts are handmade products representing the traditional, cultural and artistic values of a place or nation. They are widely utilized for decorative, functional, aesthetic and utilitarian purposes. They play a significant role in uplifting the economy of a country by contributing to its foreign exchange revenues and generating employment.
The handicrafts market is primarily driven by the rising international and domestic tourism in the Asia Pacific region, which is encouraging the local artisans and craftsmen to produce commoditized handicrafts products. Moreover, the leading handicraft companies are increasing their exports, including handlooms, carpets, textiles, and garments, which is strengthening the market growth in the region. These companies are also providing designing and processing training to the local artisans to generate market opportunities. Furthermore, the burgeoning e-commerce sector, along with initiatives undertaken by government authorities, is positively influencing the demand for handicrafts products. For instance, the Vietnamese Chamber of Commerce and Industry (VCCI) has recently launched an online portal to promote handicraft sales by providing detailed descriptions of the products and artisans in the country.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific handicrafts market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on product type, distribution channel, and end use.
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
Breakup by Distribution Channel:
Mass Retailers
Departmental Stores
Independent Retailers
Specialty Stores
Online Stores
Others
Breakup by End Use:
Residential
Commercial
Breakup by Country:
China
Japan
India
South Korea
Australia
Indonesia
Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Product Type, Distribution Channel, End Use, Country
Countries Covered
China, Japan, India, South Korea, Australia, Indonesia, Others
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The Asia Pacific handicrafts market was valued at US$ 190.8 Billion in 2023.
We expect the Asia Pacific handicrafts market to exhibit a CAGR of 10.3% during 2024-2032.
The expanding travel and tourism industry, along with the growing adoption of handicraft items as souvenirs, owing to their uniqueness, is primarily driving the Asia Pacific handicrafts market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of handicraft products across several Asia Pacific nations.
Based on the product type, the Asia Pacific handicrafts market can be divided into 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, and others. Currently, woodware holds the majority of the total market share.
Based on the distribution channel, the Asia Pacific handicrafts market has been bifurcated into mass retailers, departmental stores, independent retailers, specialty stores, online stores, and others. Among these, mass retailers currently exhibit a clear dominance in the market.
Based on the end use, the Asia Pacific handicrafts market can be segmented into residential and commercial. Currently, residential accounts for the largest market share.
On a regional level, the market has been classified into China, Japan, India, South Korea, Australia, Indonesia, and others, where China currently dominates the Asia Pacific handicrafts market.
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