Germany Handicraft Market Outlook (2021-2027)
Market Forecast By Product Type (Woodware, Art Metal Ware, Hand Printed Textiles And Scarves, Embroidered And Crocheted Goods, Zari And Zari Goods, Imitation Jewellery, Others (Agarbatties & Attars And Miscellaneous Goods)), By Distribution Channel (Mass Retailers, Departmental Stores, Independent Retailers, Specialty Stores, Online Stores, Others (Local Vendors And Retail Stores)), By End Users (Residential, Commercial) And Competitive Landscape
According to 6Wresearch, Germany Handicraft Market size is projected to grow at a CAGR of 1.2% during 2021-2027. Upcoming trade fairs including Creative World, the world’s largest trade fair organised in Frankfurt and the Central German Handicraft Fair in 2022 would boost the handicraft market of Germany in the near future. The rising hospitality sector of Germany would also push the demand for handicrafts in the commercial segment in the coming years.
The Germany Handicraft market has been negatively impacted by a combination of factors, including the increase in adoption of factory-made goods, macro trends such as warmer summers and the disruption of the global supply chain owing to the COVID-19 pandemic. The tourism and retail sector in general in the country was severely impacted by the implementation of nation-wide lockdowns.
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Market by Product Type Analysis
In terms of product type, the embroidered and crocheted goods segment has captured above 25% of the market revenues in 2020.
Key Highlights of the Report
Germany Handicraft Market Overview
Germany Handicraft Market Outlook
Germany handicraft Market Trends
Market Drivers
Market Restraints
Germany Handicraft Market Forecast
Industry Life Cycle
Porter’s Five Force Analysis
Market Opportunity Assessment
Market Competitive Benchmarking
Company Profiles
Key Strategic Recommendations
Historical Data and Forecast of Germany Handicraft Market Revenues for the Period 2017-2027F
Historical Data and Forecast of Germany Handicraft Market Revenues By End Users, for the Period 2017-2027F
Historical Data and Forecast of Germany Handicraft Market Revenues By Product Type, for the Period 2017-2027F
Historical Data and Forecast of Germany Handicraft Market Revenues By Distribution Channel, for the Period 2017-2027F
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