IMARC Group, a leading market research company, has recently releases report titled “India Handicrafts Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the India handicrafts market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. Report Highlights How big is the India handicrafts market? The India handicrafts market size reached US$ 3,968.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 6,218.4 Million by 2028, exhibiting a growth rate (CAGR) of 7.7% during 2023-2028. What are handicrafts? Handicrafts refer to skillfully crafted, handmade items that embody the artistry and cultural traditions of a particular region or community. These artisanal products are meticulously fashioned by skilled individuals who employ traditional techniques passed down through generations. Handicrafts encompass a wide array of items, including textiles, pottery, woodwork, metalwork, jewelry, and more. Each piece showcases the unique identity and heritage of its creators, often drawing inspiration from local materials, customs, and aesthetics. The significance of handicrafts extends beyond their aesthetic appeal. They are a testament to human creativity, patience, and craftsmanship, as artisans invest considerable time and effort into perfecting their skills. Moreover, handicrafts contribute to economic sustainability by providing employment opportunities in rural and marginalized communities. They also promote cultural preservation by preserving traditional art forms and techniques that might otherwise be lost in the face of modernization. Request for a sample copy of this report: https://www.imarcgroup.com/india-handicrafts-market/requestsample What are the growth prospects and trends in the India handicrafts industry? The diverse and rich cultural heritage of India provides a vast pool of artistic traditions and craftsmanship. This diversity is a significant driver of the handicrafts market, as each region boasts its unique styles, materials, and techniques, appealing to both domestic and international consumers. Additionally, India is home to millions of skilled artisans who have honed their craft over generations. These artisans, often working in rural areas, produce intricate and high-quality handicrafts, contributing to the growth of the industry. Other than this, the robust tourism industry of the region has created a significant market for handicrafts, as tourists seek authentic and culturally significant souvenirs. This steady influx of visitors drives demand for a wide range of handicraft products. Besides this, the rise of e-commerce platforms and digital marketplaces has facilitated access to Indian handicrafts for consumers worldwide. This online presence has expanded market reach and accessibility, boosting sales. In line with this, the Indian government has implemented various schemes and initiatives to support and promote the handicrafts sector. These include financial assistance, skill development programs, and trade fairs that promote Indian handicrafts on a global stage. Indian handicrafts are increasingly sought after in the corporate gifting and home decor segments. Their uniqueness and quality make them popular choices for adding character to both offices and homes. What is included in market segmentation? The report has segmented the market into the following categories: 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
- Mass Retailers
- Departmental Stores
- Independent Retailers
- Specialty Stores
- Online Stores
- Others
- Residential
- Commercial
- North India
- West and Central India
- South India
- East India