Turkey acquired the largest revenue share in Middle East Handicraft Market- 6Wresearch
Turkey acquired the maximum revenue share in Middle East Handicraft market on account of its tourism industry therefore, demand for handicrafts will expand over the next years as a result of the 70 million tourists and $70 billion in revenue that Turkey's 2023 Vision aims to bring in.
According to 6Wresearch Middle East Handicraft market size is projected to grow at a CAGR of 7.2% during 2022-28. The market would continue to grow owing to government initiatives like the Dubai Expo 2020, Saudi Vision 2030, and Turkey Vision 2023 would positively affect the nation's handicraft industry. Additionally, it is expected that during the coming years, the e-commerce market in the MENA region would double, rising from an expected $27 billion in 2018 to $49 billion. Therefore, further augmenting the growth handicraft market in Middle East.
According to, Vasudha Kaushik, Research Associate, 6Wresearch, in UAE, by product type, art metalware is expected to garner the maximum share as it is highly in demand from hospitality as well as residential sector. Additionally, flourishing tourism industry in the UAE would augment the growth of art metalware in the years ahead.
According to, Bhavya Manchanda, Research Associate, 6Wresearch, “in Saudi Arabia, by distribution channel, mass retailers would account for the maximum share on the back of growing retail industry. Retail industry is projected to grow at 20% in the year 2022. Henceforth, propelling the growth of mass retailers in Saudi Arabia.
Major players in Middle East Handicraft market are Asian Handicrafts Pvt. Ltd., Fakih Group of Companies, Minhou Minxing Weaving Co., Ltd., Atharna, Turquoise Mountain, Human Hands & the Craft, Tribe Dubai, Craft India Overseas.
“Middle East Handicraft Market (2022-2028)” report provides an in-depth analysis with 37 figures and 73 tables, covered in 132 pages. The Middle East Handicraft market report thoroughly covers market by product type, by distribution channel, by end user. Middle East Handicraft market report provides an unbiased and detailed analysis of the on-going Middle East Handicraft market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
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