Singapore Handicrafts Market (2020-2026) | Trends, Forecast, Value, Outlook, Companies, COVID-19 IMPACT, Industry, Revenue, Growth, Analysis, Share & Size
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: ETC014927 | Publication Date: Jun 2023 | Updated Date: Apr 2025 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Singapore Handicrafts Market Size Growth Rate
The Singapore Handicrafts Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 0.01% in 2027, following an initial rate of 0.01%, before easing to 0.00% at the end of the period.
Handicrafts Market: Singapore vs Top 5 Major Economies in 2027 (Asia)
In the Asia region, the Handicrafts market in Singapore is projected to expand at a stable growth rate of 0.01% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.
Singapore Handicrafts Market Synopsis
The Singapore handicrafts market is expected to register a CAGR of 6.3% during the forecast period, 2020-2026. Handicrafts in Singapore have grown significantly over the last few years due to various factors such as an increasing number of tourists visiting the country, and rising disposable income levels among locals. As per Singapore Tourism Board (STB), tourist arrivals surpassed 17 million in 2019 with China being the largest source of foreign visitors accounting for almost 25%. Moreover, most travelers prefer buying souvenirs from local markets that are unique and special just like those found at craft fairs. Furthermore, upscale shopping centers across major cities offer luxurious product options for both residents and international customers which accentuate augmenting demand for handicraft products in Singapore
Additionally, various government initiatives such as `Singapore: Inside Out` which was organized by STB along with National Arts Council has helped promote local craftsmen products to global audience resulting into higher sales figures for respective firms operating within this domain. For instance, ?SINGAPORE ? INSIDE OUT? exhibition held in 2017 attracted more than 300000 visitors from 55 countries showcasing over 100 artworks made by local artists & designers including wooden sculptures and pottery items at Marina Bay Sands Promenade along with other national venues around country helping domestic entrepreneurs gain recognition on global platform boosting revenues generated via exports or direct sales to international customers
Key Highlights of the Report:
- Singapore Handicrafts Market Outlook
- Market Size of Singapore Handicrafts Market, 2019
- Forecast of Singapore Handicrafts Market, 2026
- Historical Data and Forecast of Singapore Handicrafts Revenues & Volume for the Period 2016 - 2026
- Singapore Handicrafts Market Trend Evolution
- Singapore Handicrafts Market Drivers and Challenges
- Singapore Handicrafts Price Trends
- Singapore Handicrafts Porter's Five Forces
- Singapore Handicrafts Industry Life Cycle
- Historical Data and Forecast of Singapore Handicrafts Market Revenues & Volume By Product Type for the Period 2016 - 2026
- Historical Data and Forecast of Singapore Handicrafts Market Revenues & Volume By Woodware for the Period 2016 - 2026
- Historical Data and Forecast of Singapore Handicrafts Market Revenues & Volume By Art metal Ware for the Period 2016 - 2026
- Historical Data and Forecast of Singapore Handicrafts Market Revenues & Volume By Hand printed Textiles and Scarves for the Period 2016 - 2026
- Historical Data and Forecast of Singapore Handicrafts Market Revenues & Volume By Embroidered and Crocheted Goods for the Period 2016 - 2026
- Historical Data and Forecast of Singapore Handicrafts Market Revenues & Volume By Zari and Zari Goods for the Period 2016 - 2026
- Historical Data and Forecast of Singapore Handicrafts Market Revenues & Volume By Imitation Jewellery for the Period 2016 - 2026
- Historical Data and Forecast of Singapore Handicrafts Market Revenues & Volume By Sculptures for the Period 2016 - 2026
- Historical Data and Forecast of Singapore Woodware Handicrafts Market Revenues & Volume By Others for the Period 2016 - 2026
- Historical Data and Forecast of Singapore Handicrafts Market Revenues & Volume By Distribution Channel for the Period 2016 - 2026
- Historical Data and Forecast of Singapore Handicrafts Market Revenues & Volume By Mass Retailers for the Period 2016 - 2026
- Historical Data and Forecast of Singapore Handicrafts Market Revenues & Volume By Departmental Stores for the Period 2016 - 2026
- Historical Data and Forecast of Singapore Handicrafts Market Revenues & Volume By Independent Retailers for the Period 2016 - 2026
- Historical Data and Forecast of Singapore Handicrafts Market Revenues & Volume By Specialty Stores for the Period 2016 - 2026
- Historical Data and Forecast of Singapore Handicrafts Market Revenues & Volume By Online Stores for the Period 2016 - 2026
- Historical Data and Forecast of Singapore Handicrafts Market Revenues & Volume By Others for the Period 2016 - 2026
- Historical Data and Forecast of Singapore Handicrafts Market Revenues & Volume By End-users for the Period 2016 - 2026
- Historical Data and Forecast of Singapore Handicrafts Market Revenues & Volume By Residential for the Period 2016 - 2026
- Historical Data and Forecast of Singapore Handicrafts Market Revenues & Volume By Commercial for the Period 2016 - 2026
- Singapore Handicrafts Import Export Trade Statistics
- Market Opportunity Assessment By Product Type
- Market Opportunity Assessment By Distribution Channel
- Market Opportunity Assessment By End-users
- Singapore Handicrafts Top Companies Market Share
- Singapore Handicrafts Competitive Benchmarking By Technical and Operational Parameters
- Singapore Handicrafts Company Profiles
- Singapore Handicrafts Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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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 Singapore Handicrafts Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Handicrafts Market Revenues & Volume, 2019 & 2026F |
3.3 Singapore Handicrafts Market - Industry Life Cycle |
3.4 Singapore Handicrafts Market - Porter's Five Forces |
3.5 Singapore Handicrafts Market Revenues & Volume Share, By Product Type, 2019 & 2026F |
3.6 Singapore Handicrafts Market Revenues & Volume Share, By Distribution Channel, 2019 & 2026F |
3.7 Singapore Handicrafts Market Revenues & Volume Share, By End-users, 2019 & 2026F |
4 Singapore Handicrafts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Handicrafts Market Trends |
6 Singapore Handicrafts Market, By Types |
6.1 Singapore Handicrafts Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Singapore Handicrafts Market Revenues & Volume, By Product Type, 2016 - 2026F |
6.1.3 Singapore Handicrafts Market Revenues & Volume, By Woodware, 2016 - 2026F |
6.1.4 Singapore Handicrafts Market Revenues & Volume, By Art metal Ware, 2016 - 2026F |
6.1.5 Singapore Handicrafts Market Revenues & Volume, By Hand printed Textiles and Scarves, 2016 - 2026F |
6.1.6 Singapore Handicrafts Market Revenues & Volume, By Embroidered and Crocheted Goods, 2016 - 2026F |
6.1.7 Singapore Handicrafts Market Revenues & Volume, By Zari and Zari Goods, 2016 - 2026F |
6.1.8 Singapore Handicrafts Market Revenues & Volume, By Imitation Jewellery, 2016 - 2026F |
6.1.9 Singapore Handicrafts Market Revenues & Volume, By Others, 2016 - 2026F |
6.1.10 Singapore Handicrafts Market Revenues & Volume, By Others, 2016 - 2026F |
6.2 Singapore Handicrafts Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Singapore Handicrafts Market Revenues & Volume, By Mass Retailers, 2016 - 2026F |
6.2.3 Singapore Handicrafts Market Revenues & Volume, By Departmental Stores, 2016 - 2026F |
6.2.4 Singapore Handicrafts Market Revenues & Volume, By Independent Retailers, 2016 - 2026F |
6.2.5 Singapore Handicrafts Market Revenues & Volume, By Specialty Stores, 2016 - 2026F |
6.2.6 Singapore Handicrafts Market Revenues & Volume, By Online Stores, 2016 - 2026F |
6.2.7 Singapore Handicrafts Market Revenues & Volume, By Others, 2016 - 2026F |
6.3 Singapore Handicrafts Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Singapore Handicrafts Market Revenues & Volume, By Residential, 2016 - 2026F |
6.3.3 Singapore Handicrafts Market Revenues & Volume, By Commercial, 2016 - 2026F |
7 Singapore Handicrafts Market Import-Export Trade Statistics |
7.1 Singapore Handicrafts Market Export to Major Countries |
7.2 Singapore Handicrafts Market Imports from Major Countries |
8 Singapore Handicrafts Market Key Performance Indicators |
9 Singapore Handicrafts Market - Opportunity Assessment |
9.1 Singapore Handicrafts Market Opportunity Assessment, By Product Type, 2019 & 2026F |
9.2 Singapore Handicrafts Market Opportunity Assessment, By Distribution Channel, 2019 & 2026F |
9.3 Singapore Handicrafts Market Opportunity Assessment, By End-users, 2019 & 2026F |
10 Singapore Handicrafts Market - Competitive Landscape |
10.1 Singapore Handicrafts Market Revenue Share, By Companies, 2019 |
10.2 Singapore Handicrafts Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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