Travel & tourism activities has increased considerably across the globe over the past few years. Now that various forms of transportation are available, ranging from cheap to expensive, a larger number of people have taken an interest in exploring the world. Furthermore, globalization and increased disposable income of people in various countries have also resulted in the growth of the travel and tourism industry. Getting acquainted with the culture of a new place is a major aspect of traveling that people look forward to, and the artistic and cultural aspects of any society are almost always deeply rooted in their handicrafts items.
The global handicrafts market is registering growth because of the fact that people usually buy such items for presenting their family and friends with some kind of souvenirs. In addition to this, handicrafts are cheap to begin with and make for excellent ornamental pieces. The artisans in this domain wither work independently or are employed by small companies or exporters. The initial investment in this domain is less and companies can employ cheap labor, owing to which, the industry is growing rapidly in emerging economies, such as India.
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As per a report by P&S Intelligence, the handicrafts market is divided into officeware, furnishings & furniture, kitchenware, toys, gardenware, bathroom accessories, jewelry, and others. Among all these, the furniture and furnishings division is predicted to advance at a considerable pace in the years to come. The domain has further been registering shifting preference to contemporary styles from ethnic designs. In addition to this, the combinations of these styles is also gaining popularity these days. Owing to these trends, artisans have also started paying attention to the quality of products.
In conclusion, the demand for handicrafts is growing due to the expanding travel & tourism industry and surging demand for developed countries.
