India Handicrafts Market (2024-2030) | Companies, Value, COVID-19 IMPACT, Trends, Growth, Size, Industry, Analysis, Revenue, Outlook, Forecast & Share

Market Forecast By Product Type (Woodware, Art metal Ware, Hand printed Textiles and Scarves, Embroidered and Crocheted Goods, Zari and Zari Goods, Imitation Jewellery, Sculptures, Others), By Distribution Channel (Mass Retailers, Departmental Stores, Independent Retailers, Specialty Stores, Online Stores, Others), By End-users (Residential, Commercial) And Competitive Landscape
Product Code: ETC014924 Publication Date: Jun 2023 Updated Date: Feb 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5
India Statues, Ornamnts of Wood market shipment grew 0.21% in value terms in financial year 2021-22 in comparison with a decrease of -0.48% in the previous financial year.
India Statues, Ornamnts of Wood Shipment Value (Percentage Growth Over Previous Year)

India Handicrafts Market Competition 2023


India Export Potential Assessment For Handicrafts Market (USD Values in Thousand)


India Handicrafts Market Synopsis

India Handicrafts Market is expected to grow at a CAGR of 10.6% during the forecast period 2020-2026 and reach $57 billion by 2026. The growing demand for uniquely designed home decor items, religious artifacts, ethnic jewelry & accessories, and other lifestyle products are some of the key factors driving the growth of this market. Moreover, increasing e-commerce activities has led to an increase in sales through online portals that have further boosted the India handicrafts market growth.

Drivers of the Market:

? Increasing Demand for Uniquely Designed Products: Significant rise in demand for unique and stylishly designed home d?cor items such as cushion covers, curtains etc., due to changing lifestyle preferences is boosting the India handicrafts market growth. Furthermore, customers? preference towards traditional yet modernized designs will drive product sales in this sector over next few years.

? Continued Support from Government Agencies: Government authorities have been providing financial subsidies and various schemes that support small businesses operating in this sector which provides them with access to resources necessary for setting up their units thereby encouraging new entrants into this industry leading to more product innovation thus aiding India handicrafts market growth over next few years.

Challenges of the Market:

? High Cost of Raw Materials Used For Craftmaking: High cost associated with raw materials used for craft making like metals, stones etc., along with labour costs can be challenging factor restraining its production on a large scale leading to decline in overall revenue generation within this sector hindering overall market growth over coming years.

Trends of the Market:

? Growing Popularity Of E-Commerce Portals In Handicraft Businesses : Increasing utilization of e-commerce platforms among artisans engaged in craft making has provided them easy access worldwide markets resulting higher profits than those made by selling through small or medium sized retail stores assisting boost it`s popularity among others . This trend is likely continue sustaining its position within industry throughout forecast period 2020 - 2026 .

Key Players of the Market:

Rajasthan Rural Artisan Development Foundation (RRADF) , Kala Raksha Vidhya Vishwa Vidyalaya , National Institute Of Design (NID) , Indian Institute Of Carpet Technology (IICT) , All India Artisan And Artist Association (AIAAA), amongst several other renowned names operating within industry across globe .

Key Highlights of the Report:

  • India Handicrafts Market Outlook
  • Market Size of India Handicrafts Market, 2023
  • Forecast of India Handicrafts Market, 2030
  • Historical Data and Forecast of India Handicrafts Revenues & Volume for the Period 2020-2030
  • India Handicrafts Market Trend Evolution
  • India Handicrafts Market Drivers and Challenges
  • India Handicrafts Price Trends
  • India Handicrafts Porter's Five Forces
  • India Handicrafts Industry Life Cycle
  • Historical Data and Forecast of India Handicrafts Market Revenues & Volume By Product Type for the Period 2020-2030
  • Historical Data and Forecast of India Handicrafts Market Revenues & Volume By Woodware for the Period 2020-2030
  • Historical Data and Forecast of India Handicrafts Market Revenues & Volume By Art metal Ware for the Period 2020-2030
  • Historical Data and Forecast of India Handicrafts Market Revenues & Volume By Hand printed Textiles and Scarves for the Period 2020-2030
  • Historical Data and Forecast of India Handicrafts Market Revenues & Volume By Embroidered and Crocheted Goods for the Period 2020-2030
  • Historical Data and Forecast of India Handicrafts Market Revenues & Volume By Zari and Zari Goods for the Period 2020-2030
  • Historical Data and Forecast of India Handicrafts Market Revenues & Volume By Imitation Jewellery for the Period 2020-2030
  • Historical Data and Forecast of India Handicrafts Market Revenues & Volume By Sculptures for the Period 2020-2030
  • Historical Data and Forecast of India Woodware Handicrafts Market Revenues & Volume By Others for the Period 2020-2030
  • Historical Data and Forecast of India Handicrafts Market Revenues & Volume By Distribution Channel for the Period 2020-2030
  • Historical Data and Forecast of India Handicrafts Market Revenues & Volume By Mass Retailers for the Period 2020-2030
  • Historical Data and Forecast of India Handicrafts Market Revenues & Volume By Departmental Stores for the Period 2020-2030
  • Historical Data and Forecast of India Handicrafts Market Revenues & Volume By Independent Retailers for the Period 2020-2030
  • Historical Data and Forecast of India Handicrafts Market Revenues & Volume By Specialty Stores for the Period 2020-2030
  • Historical Data and Forecast of India Handicrafts Market Revenues & Volume By Online Stores for the Period 2020-2030
  • Historical Data and Forecast of India Handicrafts Market Revenues & Volume By Others for the Period 2020-2030
  • Historical Data and Forecast of India Handicrafts Market Revenues & Volume By End-users for the Period 2020-2030
  • Historical Data and Forecast of India Handicrafts Market Revenues & Volume By Residential for the Period 2020-2030
  • Historical Data and Forecast of India Handicrafts Market Revenues & Volume By Commercial for the Period 2020-2030
  • India Handicrafts Import Export Trade Statistics
  • Market Opportunity Assessment By Product Type
  • Market Opportunity Assessment By Distribution Channel
  • Market Opportunity Assessment By End-users
  • India Handicrafts Top Companies Market Share
  • India Handicrafts Competitive Benchmarking By Technical and Operational Parameters
  • India Handicrafts Company Profiles
  • India Handicrafts Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 India Handicrafts Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Handicrafts Market Revenues & Volume, 2020 & 2030F

3.3 India Handicrafts Market - Industry Life Cycle

3.4 India Handicrafts Market - Porter's Five Forces

3.5 India Handicrafts Market Revenues & Volume Share, By Product Type, 2020 & 2030F

3.6 India Handicrafts Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F

3.7 India Handicrafts Market Revenues & Volume Share, By End-users, 2020 & 2030F

4 India Handicrafts Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 India Handicrafts Market Trends

6 India Handicrafts Market, By Types

6.1 India Handicrafts Market, By Product Type

6.1.1 Overview and Analysis

6.1.2 India Handicrafts Market Revenues & Volume, By Product Type, 2020-2030F

6.1.3 India Handicrafts Market Revenues & Volume, By Woodware, 2020-2030F

6.1.4 India Handicrafts Market Revenues & Volume, By Art metal Ware, 2020-2030F

6.1.5 India Handicrafts Market Revenues & Volume, By Hand printed Textiles and Scarves, 2020-2030F

6.1.6 India Handicrafts Market Revenues & Volume, By Embroidered and Crocheted Goods, 2020-2030F

6.1.7 India Handicrafts Market Revenues & Volume, By Zari and Zari Goods, 2020-2030F

6.1.8 India Handicrafts Market Revenues & Volume, By Imitation Jewellery, 2020-2030F

6.1.9 India Handicrafts Market Revenues & Volume, By Others, 2020-2030F

6.1.10 India Handicrafts Market Revenues & Volume, By Others, 2020-2030F

6.2 India Handicrafts Market, By Distribution Channel

6.2.1 Overview and Analysis

6.2.2 India Handicrafts Market Revenues & Volume, By Mass Retailers, 2020-2030F

6.2.3 India Handicrafts Market Revenues & Volume, By Departmental Stores, 2020-2030F

6.2.4 India Handicrafts Market Revenues & Volume, By Independent Retailers, 2020-2030F

6.2.5 India Handicrafts Market Revenues & Volume, By Specialty Stores, 2020-2030F

6.2.6 India Handicrafts Market Revenues & Volume, By Online Stores, 2020-2030F

6.2.7 India Handicrafts Market Revenues & Volume, By Others, 2020-2030F

6.3 India Handicrafts Market, By End-users

6.3.1 Overview and Analysis

6.3.2 India Handicrafts Market Revenues & Volume, By Residential, 2020-2030F

6.3.3 India Handicrafts Market Revenues & Volume, By Commercial, 2020-2030F

7 India Handicrafts Market Import-Export Trade Statistics

7.1 India Handicrafts Market Export to Major Countries

7.2 India Handicrafts Market Imports from Major Countries

8 India Handicrafts Market Key Performance Indicators

9 India Handicrafts Market - Opportunity Assessment

9.1 India Handicrafts Market Opportunity Assessment, By Product Type, 2020 & 2030F

9.2 India Handicrafts Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F

9.3 India Handicrafts Market Opportunity Assessment, By End-users, 2020 & 2030F

10 India Handicrafts Market - Competitive Landscape

10.1 India Handicrafts Market Revenue Share, By Companies, 2023

10.2 India Handicrafts Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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