According to the latest report by IMARC Group, titled, “United States Handicrafts Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the US handicrafts market size reached US$ 241.1 Billion in 2021. Looking forward, the market expected to reach US$ 429.3 Billion by 2027, exhibiting a growth rate (CAGR) of 10.14% during 2022-2027.
Handicrafts include a wide range of artisanry, textiles, jewelry, and embroidery pieces that are hand-made or created using easy tools instead of machines. These unique artifacts represent a tradition, culture, and heritage of a particular region and have different aesthetic, creative, decorative, social, and religious values. Handicrafts are currently gaining immense popularity in the United States as they produce foreign exchange revenue, require low capital investments, and offer employment opportunities.
United States Handicrafts Market Trends:
The increasing support from various organizations, such as the Association of Crafts and Creative Industries (ACCI), Home Industries Association (HIA), and the Southwest Craft and Hobby Association (SWCHA), for promoting handicrafts, is driving the market in the United States. Numerous traditional techniques, such as woodblock, painting, handloom weaving, and hand dyeing, are adopted by handicraft merchants to produce glasswork, ceramics, and accessories, that have gained prominence over the last few years. Furthermore, the expansion of online retailing and e-commerce platforms has helped merchants to attract a large consumer base for handicrafts. Social media is also making it more convenient for sellers to directly connect with their target consumers, thereby driving the handicrafts market growth in the United States.
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Breakup 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
Breakup by Distribution Channel:
Mass Retailers
Departmental Stores
Independent Retailers
Specialty Stores
Online Stores
Others
Breakup by End Use:
Residential
Commercial
Breakup by Region:
Northeast
Midwest
South
West
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