Arts and Crafts Global Market Report 2024

The arts and crafts market size has grown strongly in recent years. It will grow from $41.6 billion in 2023 to $44.71 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The expansion observed during the historical period can be attributed to several factors, including the rise of eco-friendly and sustainable products, the promotion of cultural diversity, the proliferation of gift-giving culture, the uptick in instructional workshops, and a growing consumer inclination towards personalized offerings.

The arts and crafts market size is expected to see strong growth in the next few years. It will grow to $60.5 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The projected growth in the forecast period can be ascribed to several key factors, including the ongoing digital transformation, heightened emphasis on personalization, expanding cross-sector influences, rising popularity of the do-it-yourself (DIY) culture, and the steady increase in disposable income among consumers. Notable trends anticipated during this period include the emergence of tech-integrated crafts, heightened focus on product innovation, continuous technological advancements, increased integration of technologies into crafting processes, and a growing number of collaborative ventures within the industry.

The anticipated increase in government funding for arts and crafts is set to drive the growth of the arts and crafts market in the coming years. Government funding involves financial support allocated to programs or policies implemented by a government to address specific social, economic, environmental, or political issues within a country or region. Such funding plays a crucial role in ensuring the continued vibrancy of arts and crafts as integral components of both the economy and culture, providing support not only to individual artists and craftspeople but also to the broader community. For instance, Americans for the Arts reported in August 2023 that local government funding to local arts agencies in the United States reached $1.01 billion in 2023, marking a notable 7.5% increase from the previous year. This increase in government funding for arts and crafts initiatives directly contributes to the growth of the arts and crafts market.

Key players in the arts and crafts market are focusing on developing innovative products, such as specialized crafting tools, to enhance their competitive advantage. Specialized crafting tools significantly expand the creative possibilities for crafters, enabling them to achieve more intricate and professional results in their projects. These tools are often essential for transforming a crafting hobby into a successful professional practice. For example, D & L Craftworkz introduced a range of arts and crafts supplies in April 2024, catering to enthusiasts and professionals in Australia. This new collection includes D & L Air-dry clay, a versatile and cost-effective material suitable for various craft projects, from preschool art projects to handmade wedding decorations, offering a comprehensive array of tools and materials to bring imaginative visions to life.

In August 2022, DecoArt LLC acquired Jack Richeson, a move aimed at strengthening DecoArt's presence in the art supplies market by expanding its product range and market reach. The acquisition allows DecoArt to leverage Jack Richeson's resources and expertise to accelerate its expansion efforts and attract a broader customer base. Jack Richeson specializes in manufacturing fine art materials and is poised to benefit from DecoArt's support in achieving further growth and success in the arts and crafts industry.

Major companies operating in the arts and crafts market are FILA Group LLC, Hobby Lobby Stores Inc., Michaels Stores Inc., Shanghai M&G Stationery, Etsy Inc., Newell Brands Inc., Société Bic S.A., Jo-Ann Stores Inc., Fiskars Group, Crayola LLC, IG Design Group PLC, Pilot-Pen, Pelikan International Corporation, Mundial SA, Kokuyo Camlin Ltd., Arteza LLC, Westcott, Asian Handicrafts Pvt. Ltd., Pentel, Faber-Castell AG, CREA Innovations Ltd., Beifa Group Co. Ltd., Laizhou Zhonghe Arts and Crafts Co. Ltd.

North America was the largest region in the arts and crafts market in 2023. The regions covered in the arts and crafts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the arts and crafts market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Arts and crafts encompass the manual crafting and embellishment of practical items, often emphasizing artisanal craftsmanship over large-scale industrial production. It is characterized by functional yet aesthetically pleasing designs, organic motifs, and the application of artistic and technical skills in the creation of items like jewelry, pottery, and decorative objects.

Key categories within the arts and crafts sector include painting and drawing, sewing and textiles, paper crafts, children's crafting, artisan tools, and others. Painting involves the application of pigments to surfaces to produce images or compositions, while drawing involves creating visual representations using lines, marks, or shading. These activities serve as foundational methods of visual expression. A diverse range of materials is utilized, including traditional, recycled, and mixed media, catering to various demographics such as children, adults, and seniors. Distribution channels include both physical retail outlets and online platforms, serving both individual consumers and commercial clients.

The arts and crafts market research report is one of a series of new reports that provides arts and crafts market statistics, including arts and crafts industry global market size, regional shares, competitors with an arts and crafts market share, detailed arts and crafts market segments, market trends and opportunities, and any further data you may need to thrive in the arts and crafts industry. This arts and crafts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The arts and crafts market consists of sales of roasted craft kits, decorative items, stationery, and home goods. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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