Arts and Crafts Market

The global arts and crafts market size is projected to grow from USD 43.40 billion in 2023 to USD 78.32 billion by 2030, exhibiting a CAGR of 8.8%.

LUTON, BEDFORDSHIRE, UNITED KINGDOM, March 26, 2024 /EINPresswire.com/ -- Arts and crafts refers to making thing with one’s own hands and skill. It takes into account various art supplies such as drawing pens, stains, paints, craft tools, and other tools. It requires high degree of knowledge and technical skill to use specialized equipment and tools. It refers to wide variety of making things with one’s own hands. It is usually a hobby that is practiced from a prehistoric time. Craft involves various techniques and means such as involving textiles, plants, canvas or paper, and wood, metal or clay.     

The growing demand for arts and crafts is due to increasing shift towards contemporary designs and increasing demand for handicrafts in various establishments. Penetration of e-commerce channels has provided the convenience for consumers to buy art supplies. Online retail is anticipated to boost the product demand. Flourishing tourism and travel industries is anticipated to provide lucrative opportunities for market growth. Personalization of art supplies and escalating demand for handicrafts are projected to facilitate the product demand. 

𝐅𝐨𝐫 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:

https://exactitudeconsultancy.com/reports/41008/arts-and-crafts-market/#request-a-sample

𝐘𝐞𝐚𝐫 𝐂𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐞𝐝 𝐭𝐨 𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐞 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞:

Base Year of the Analysis: 2023
Historical Period: 2018–2023
Forecast Period: 2024–2030

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

The Arts and Crafts market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Arts and Crafts market.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐊𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐫𝐞:

Major players in the Arts and Crafts Market are identified through secondary research and their market revenues determined through primary and secondary research are: C. Moore,Blick Art Materials,Brother Industries,Crayola,Cricut,DMC Corporation,Etsy,Faber-Castell,Fiskars Corporation,Graphic 45,Hobby Lobby Stores,Jo-Ann Stores,Martha Stewart Crafts,Michaels Stores,Pentel,Ranger Ink,Sizzix,Spotlight,The Paper Source,Winsor & Newton and Others.

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

February 28, 2024—Directed share issue to the new participants in Fiskars Ownership Plan 2023 for the company’s management and transfer of the company’s own shares.

Stylish painting fun: Black Edition felt tip pens with brush tip.

𝐀𝐫𝐭𝐬 𝐚𝐧𝐝 𝐂𝐫𝐚𝐟𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

Arts and Crafts Market 𝗯𝘆 𝗧𝘆𝗽𝗲

Painting and Drawing

Sewing and Fabric

Paper Crafts

Kids Crafts

Arts and Crafts Tools

Arts and Crafts Market 𝗯𝘆 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻

Personal use

Commercial use

𝐋𝐚𝐭𝐞𝐬𝐭 𝐓𝐫𝐞𝐧𝐝𝐬

𝙊𝙣𝙡𝙞𝙣𝙚 𝙍𝙚𝙩𝙖𝙞𝙡 𝙩𝙤 𝘽𝙤𝙤𝙨𝙩 𝙈𝙖𝙧𝙠𝙚𝙩 𝘿𝙚𝙫𝙚𝙡𝙤𝙥𝙢𝙚𝙣𝙩

Growing trend of e-commerce and retail is estimated to expand the growth of the global arts and crafts market. Art industry has experienced a vast change in the recent years which has led surge in the demand for art supplies. It has led to motivate the supply and demand for art supplies and materials. Online supply of art materials is expected to thrust as it is expected to create more penetration for the market. It is anticipated to convert potential customers and collaborate with online service providers. Such collaboration with e-commerce manufacturers is predicted to accelerate growth for arts and crafts market. Such increasing and new channels are anticipated to drive the market and pose opportunities for the market. 

𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐅𝐚𝐜𝐭𝐨𝐫𝐬:

𝙋𝙚𝙧𝙨𝙤𝙣𝙖𝙡𝙞𝙯𝙖𝙩𝙞𝙤𝙣 𝙤𝙛 𝘼𝙧𝙩 𝙎𝙪𝙥𝙥𝙡𝙞𝙚𝙨 𝙩𝙤 𝙀𝙣𝙝𝙖𝙣𝙘𝙚 𝙈𝙖𝙧𝙠𝙚𝙩 𝙂𝙧𝙤𝙬𝙩𝙝

The global arts and crafts market growth is anticipated to increase owing to personalization of the art supplies and materials. In recent years, art and craft has witnessed many changes where artists sell personalized and custom-made items through online platforms. There has also been growth in Do-it-yourself (DIY) trends which has attracted numerous customers and have made them interested in buying art materials. This has propelled experimentation with various florescent colors and pencil colors which is predicted to support the growth of market. Customization of various art supplies by manufacturers for promotional uses is anticipated to drive the market growth.    

𝙀𝙨𝙘𝙖𝙡𝙖𝙩𝙞𝙣𝙜 𝘿𝙚𝙢𝙖𝙣𝙙 𝙛𝙤𝙧 𝙃𝙖𝙣𝙙𝙞𝙘𝙧𝙖𝙛𝙩𝙨 𝙩𝙤 𝙀𝙭𝙥𝙖𝙣𝙙 𝙈𝙖𝙧𝙠𝙚𝙩 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚

Escalating demand for arts and crafts for handicrafts is growing owing to its demand from offices, hotels, and hospitals. Accessibility of handicrafts has become more convenient due to growing penetration of e-commerce channels. It is expected to present opportunities for artists to sell their artisans and handicrafts. Such handicraft production can propel creativity, stress reduction, and imagination. Such uses of the product are anticipated to fuel the demand in the arts and crafts market.  

𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐢𝐧𝐠 𝐅𝐚𝐜𝐭𝐨𝐫𝐬:

𝙃𝙞𝙜𝙝 𝙋𝙧𝙞𝙘𝙚𝙨 𝙩𝙤 𝙃𝙖𝙢𝙥𝙚𝙧 𝙈𝙖𝙧𝙠𝙚𝙩 𝙂𝙧𝙤𝙬𝙩𝙝

There are a number of factors that can push the growth of the arts and crafts market. Restraining factors such as high prices of the art materials and art supplies. Personalized and custom-made accessories have high prices due to time and efforts required to make such paintings and handicrafts. Costly art supplies limits consumers to buy new materials and supplies. This factor is anticipated to restrict market growth.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐒𝐮𝐦𝐦𝐚𝐫𝐲 𝐚𝐧𝐝 𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭:

https://exactitudeconsultancy.com/reports/41008/arts-and-crafts-market/

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

The dominant region in the arts and crafts market can vary, influenced by factors such as cultural heritage, consumer preferences, and economic conditions. However, regions with a rich tradition of craftsmanship, thriving creative communities, and significant demand for handmade goods typically emerge as leaders in this sector. For example, North America, particularly the United States, boasts a robust arts and crafts industry, fueled by a large population of artisans, crafters, and hobbyists, as well as a flourishing market for handmade products. Retail giants like Michaels Stores and Hobby Lobby dominate this region, offering a wide array of arts and crafts supplies and attracting diverse customers. Likewise, Europe has a deep-rooted history of artisanal craftsmanship and a strong market for arts and crafts items. Countries such as the United Kingdom, Germany, and France have well-established industries, supported by a culture that highly values handmade goods and artistic expression. Companies like Faber-Castell in Germany and Spotlight in Australia cater to this market with premium art supplies and crafting materials.

𝐅𝐫𝐞𝐪𝐮𝐞𝐧𝐭𝐥𝐲 𝐀𝐬𝐤𝐞𝐝 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬:

☑ What does this report covers?

☑ Does this report estimates the current market size?

☑ What are the key Segments offered in this report?

☑ Which market dynamics are covered in this report?

☑ Does this report offer customization?

𝐖𝐞 𝐨𝐟𝐟𝐞𝐫 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐫𝐞𝐩𝐨𝐫𝐭 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫’𝐬 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭:

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