Global Handicrafts Market , Key Trends, Regional Outlook & Forecasts to 2016

Global Handicrafts Market Share, Size, Analysis, Trends, Growth, Segmented Forecasts and Outlook 2015-2019

Technavios market research analyst predicts the global handicrafts market to grow at a tremendous rate of 12 % during the forecast period. The small initial investment required such as the setup cost, labor, raw material, and transportation cost is the primary driver for the growth of this market. The handicrafts industry is also an important source of foreign exchange and has immense export potential.

The growth in international and domestic tourism is also expected to boost the growth of the market during the forecast period. For instance, Japans government has introduced several campaigns to increase the country's tourism. The resultant rise in the number of tourists has led to an increase in the sales of handicraft items in Japan. The rise in tourism has fuelled the demand for cultural goods, uncommon souvenirs, and indigenous art.

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The Americas dominated the handicrafts market during 2014 with a market share of 38%. The US is the largest revenue contributor in this region. The high demand for home accessories, jewelry, and other fashion accessories such as handbags and belts is driving the market growth in this region.

Competitive landscape and key vendors

The global handicrafts market is highly fragmented due to the presence of several small and medium providers. Handicrafts is a dynamic industry, and its development is underpinned by factors such as economic conditions, technology, skilled workforce, and innovative use of raw materials.

Table of Content

PART 01: Executive summary
Highlights

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PART 02: Scope ofthe report
Market overview
Vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction...