Editor’s Note
This article highlights the robust growth projected for the global handicrafts market, which is expected to nearly double in value by 2033. It underscores the enduring demand for artisanal, handcrafted goods in a modern economy.
The global handicrafts market size was valued at approximately USD 51.51 billion in 2024 and is expected to increase to USD 108.91 billion by 2033, growing at a CAGR of 8.68% during the forecast period.
Handicrafts are items manufactured by hand using simple tools rather than machines, requiring a high level of hand-eye coordination and intense focus. Kitchenware, garden pottery, toys, office windows, furniture and furnishings, jewelry, bathroom accessories, and other types of textiles can be found in the global market. Sheet metal, wrought iron, natural fibers, wood, hard stone, beads, fabrics, horn and bone, and ceramics are some of the materials used in these products.
The market is likely to benefit from the increase in international and regional tourism during the forecast period. For example, the Japanese government has launched numerous programs aimed at increasing tourism in the country. As the number of tourists has increased, so have sales of handicrafts in Japan. Tourism has increased demand for cultural items, unusual gifts, and indigenous art.
Increasing demand to enhance market advancement across various sectors.
The market for home accessory products is increasing in the global handicraft industry, particularly in the premium segment. In the coming years, this sector is likely to benefit from an increase in regional and international tourism. Furthermore, the industry is a significant source of large-scale exports and potential foreign exchange, both of which are major drivers of the global handicrafts market in the near term. Currently, the furniture and furnishings section of the handiwork industry is growing rapidly worldwide, and the shift from ethnic patterns to modern trends in the near future is likely to enhance the handicrafts market. Since they are entirely manual labor, it would be difficult to reproduce or mass-produce a large number of similar goods.
By Type Analysis
The market is segmented by type into Wooden, Art Metalware, Hand-Printed Textiles and Scarves, Embroidery and Crochet Goods, Zari and Zari Goods, and Imitation Jewelry.
By Application Analysis
Based on application, it is categorized into Discount Retailers, Department Stores, Specialty Stores, Catalog Retailers, Internet Retailers, and Independent Retailers.
Technological Advancements to Drive Market Development
Indian handicrafts showcase our country’s rich traditions and diverse culture. Indian painters use precisely expressed designs to create art in a form that can be passed on to future generations, creating a legacy of the land and culture. The industry is currently very important to the Indian economy, revolutionizing the lives of millions of people across the country and contributing to national exports as one of the most important job generators nationwide. State and regional clusters have a significant impact on exports.
Technological innovation has become the only way for any company to survive, especially in exceptional times, and this sector is no exception. This business has greatly benefited from technology that allows people to communicate across borders. If you have a product to offer, reaching a global customer base is no longer a distant possibility. E-commerce has paved the way for easy access to consumer goods, allowing manufacturers worldwide to promote their goods on these online marketplaces, enabling comprehensive growth. Even social media platforms are helping to promote Indian handicrafts worldwide.
Government Support and E-Marketplaces to Boost Exports
The federal government is making many efforts to ensure the business can reach its full potential. Several schemes and initiatives have been put in place to help our artisans overcome the challenges they face. The ‘Dastkar Shashktikaran Yojana’ teamed up with the ‘Ambedkar Hastshilp Vikas Yojana’ to provide artisans with infrastructure, technology, and human resource development. It was established to unite artists into self-help organizations and societies to encourage mass production and cost reduction in raw material acquisition. The ‘Mega Cluster Scheme’ aims to support employment generation and improve artisans’ living standards by using a cluster-based strategy to expand infrastructure in handicraft centers, especially in rural areas. The ‘Marketing Support and Services Scheme’ provides financial support to artists.
Government Funding in Asia Pacific to Fuel Industry Development
Asia Pacific is expected to dominate the handicrafts market share due to increased funding for promotion by several government bodies. Handicraft merchants use various ancient techniques such as woodblock printing, painting, handloom weaving, and hand dyeing to create popular glasswork, pottery, and accessories in recent years. Furthermore, expanding internet retail and e-commerce platforms in the region have helped merchants attract a broad customer base. Social media is also enabling suppliers to contact target customers directly, fueling the growth of the handicrafts market in Asia Pacific.
North America is the second-largest shareholder due to tourism and travel in the region, which attracts numerous international visitors, providing many opportunities for local manufacturers to sell products to tourists who are prepared to spend a significant amount of money on souvenirs and other crafts. Additionally, the increase in internet retail and the proliferation of various e-commerce websites have made handicrafts much more accessible. Consumers can now purchase these products online and have them shipped anywhere in the world with the push of a button on their phones.
Key players are implementing strategies to increase product adoption to aid growth.
This report examines the competitive landscape, capacity, and recent trends in the industry, such as mergers, acquisitions, investments, capacity expansion, and plant processing. It is an in-depth study focusing on primary and secondary drivers, market share, key segments, and regional analysis.
Key Players
Current innovations and corporate policies, as well as key collaborations, acquisitions, and mergers, are all investigated in the study.
Top Handicraft Companies List
Asian Handicrafts (India)
Fakih (Switzerland)
Handicrafts and Handlooms Export Corp. (HHEC) (India)
Minhou Minxing Weaving (China)
NGOC Dong (Vietnam)
Oriental Handicraft (India)
Attributes
Details
Market Size Value (Units)
USD 51.51 Billion in 2025
Market Size Value
USD 108.91 Billion by 2033
Growth Rate
Compound Annual Growth Rate (CAGR) 8.68% from 2025 to 2033
Forecast Period
2025-2033
Base Year
2025
Historical Data Available
Yes
Regional Scope
Global
Segments Covered
By Type
Wooden Ware
Art Metalware
Hand-Printed Textiles and Scarves
Embroidery and Crochet Goods
Zari and Zari Goods
Imitation Jewelry
By Application
Discount Retailers
Department Stores
Specialty Stores
Catalog Retailers
Internet Retailers
Independent Retailers
How big is the handicrafts market?
The global handicrafts market size was approximately USD 51.51 billion in 2024 and is expected to grow to USD 108.91 billion by 2033.
What CAGR is the handicrafts market expected to grow by until 2033?
The handicrafts market is expected to grow at a CAGR of 8.68% during the forecast period.
What factors are driving the handicrafts market?
Government support and technological advancements are the driving factors.
Who are the key players in the global handicrafts market?
Asian Handicrafts, Fakih, Handicrafts and Handlooms Export Corp. (HHEC), Minhou Minxing Weaving, NGOC Dong, Oriental Handicraft are the top companies operating in the handicrafts market.
