Editor’s Note
This analysis highlights the robust growth trajectory of the global craft market, projected to more than double by 2032. A key driver is the rising consumer appreciation for artisanal goods, with the Asia-Pacific region currently leading in market share and the United States poised for significant expansion.
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The global craft market size was valued at USD 1,107.67 billion in 2024. It is expected to be worth USD 1,218.77 billion in 2025 and reach USD 2,397.15 billion, exhibiting a CAGR of 10.15% during the forecast period. Asia-Pacific dominated the craft market with a market share of 36.36% in 2024.
Furthermore, the craft market in the United States is expected to increase significantly, reaching USD 627.86 billion by 2032. A growing appreciation for artisanal and handmade products is driving demand.
The market encompasses a wide range of products that are traditionally produced by hand, especially using traditional techniques and materials. These products mainly include textiles, pottery, glassware, paper products, wood products, metal and silver products, and various other crafts. The growing popularity of itinerant activities, which allow consumers to explore different countries and states as well as their traditional handmade crafts, is expected to further stimulate the growth of the craft market. Moreover, the increasing construction of commercial and residential complexes is propelling the trend of home renovation with unique and aesthetic crafts, thereby fostering long-term demand for craft products.
Market Size and Forecasts:
2024 Market Size: USD 1,107.67 Billion
2025 Market Size: USD 1,218.77 Billion
2032 Forecast Market Size: USD 2,397.15 Billion
CAGR: 10.15% from 2025 to 2032
Market Share:
Asia-Pacific dominated the craft market with a share of 36.36% in 2024, fueled by strong craft traditions in countries like India, China, and Bangladesh, and growing exports of handmade products, including embroidered goods and imitation jewelry.
By product, wood crafts are expected to retain dominance due to their aesthetic appeal and durable qualities. Residential end-use leads the market, supported by rising home renovation trends and consumer preference for unique artistic decor.
United States: Expected to reach USD 627.86 billion by 2032, driven by strong demand for artisanal goods, growing e-commerce, and a DIY culture.
India: Major exporter with 744 craft clusters employing over 212,000 artisans; exports increased by 25.7% in 2021-22.
China: Strong production and export capacity, particularly in glassware, metal crafts, and textiles.
United Kingdom: Growing preference for sustainable and artisanal decor, with online retail sales of craft products.
Germany: Cultural appreciation for craft fairs and high-end handmade items supports sustained demand.
Brazil: Rich indigenous traditions and local textile crafts drive regional growth.
United Arab Emirates and South Africa: Urbanization and cultural tourism boost demand for local and imported craft items.
