India Handicrafts Market Expected to Reach US$ 6,218.4 Million by 2028

According to IMARC Group latest published report, The India handicrafts market size reached US$ 3,968.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 6,218.4 Million by 2028, exhibiting a growth rate (CAGR) of 7.7% during 2023-2028.

Covid-19 Scenario:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Handicrafts, also called artisanry, refer to unique artifacts that represent the tradition, culture, heritage, etc., of the country. They are handmade products that are manufactured completely by hand or using simple non-automated tools, including scissors, carving equipment, hooks, etc., instead of machines. Many handcrafters use natural and fully indigenous materials, while others prefer modern materials, such as sheets, wood, metals, beads, stones, wrought iron, textiles, paper, ceramics, etc. Handicrafts play an essential role in economic development as they provide employment opportunities. In line with this, they exhibit distinct qualities and are perceived as a status symbol.

What are the major market drivers in the India Handicrafts Market?

Continuous advancements in the accessibility of these products on numerous online portals are among the key factors stimulating the India handicrafts market. Moreover, the expanding travel and tourism sector in the country is acting as another significant growth-inducing factor. Besides this, tourists are spending a considerable amount on purchasing souvenirs and other craft items, thereby increasing the scope for artisans and craftsmen to produce and sell efficient handicrafts, which is augmenting the market growth. 

Furthermore, the escalating demand for handmade decor accessories in homes, offices, restaurants, etc., and the inflating popularity of handicrafts in the gifting sector are also propelling the market growth across India. Apart from this, the rising disposable income levels of individuals and the increasing willingness among consumers to invest in vintage and high-quality handicraft goods are further bolstering the market growth. Additionally, they are an essential source of massive exports and potential foreign exchange, which is expected to fuel the India handicrafts market over the forecasted period. 

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The report cover the below key market segments:

By Product Type:

• Woodware
• Artmetal Ware
• Handprinted Textiles and Scarves
• Embroidered and Crocheted Goods
• Zari and Zari Goods
• Imitation Jewelry
• Sculptures
• Pottery and Glass wares
• Attars and Agarbattis
• Others

By Distribution Channel:

• Mass Retailers
• Departmental Stores
• Independent Retailers
• Specialty Stores
• Online Stores
• Others

By End Use:

• Residential
• Commercial

By Region:

• North India
• West and Central India
• South India
• East India

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