Arts And Crafts Market 2024 – Growth, Market Size, Analysis, Competitive Landscape | FILA Group LLC; Hobby Lobby Stores Inc.; Michaels Stores Inc.; Shanghai M&G Stationery; Etsy Inc.

Overview and Scope
Arts and crafts refer to the handcrafting and decoration of utilitarian objects, often promoting handcraftsmanship over industrial mass production. It is characterized by simple functional design, natural motifs, and the use of artistic and practical skills in creating objects such as jewelry, pottery, and other decorative items.

Sizing and Forecast
The arts and crafts market size has grown strongly in recent years. It will grow from $41.60 billion in 2023 to $44.71 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to growth of eco-friendly and sustainable products, celebration of cultural diversity, growth of giving gifts culture, increased instruction and workshops, and customer preference for personalization.

The arts and crafts market size is expected to see strong growth in the next few years. It will grow to $60.50 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to growing digital transformation, increasing personalization, increasing cross-sector influences, growing interest in DIY (do-it-yourself)culture, and increasing disposable income. Major trends in the forecast period include tech-integrated crafts, product innovation, technological advancements, integration of technologies, and growing collaborations.

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Segmentation & Regional Insights
The arts and crafts market covered in this report is segmented –

1) By Type: Painting and Drawing, Sewing and Fabric, Paper Crafts, Kids Crafts, Arts and Crafts Tools, Other Types
2) By Materials Used: Traditional Materials, Recycled and Upcycled Materials, Mixed Media
3) By Target Audience: Children’s Crafts, Adult Crafts, Senior Crafts
4) By Distribution Channels: Brick-and-Mortar Retailers, Online Platforms
5) By Application: Personal Use, Commercial Use

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.

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Major Driver Impacting Market Growth
Increasing government funding for arts and crafts is expected to propel the growth of the arts and crafts market going forward. Government funding refers to the funding for the programs or policies implemented by a government to address specific social, economic, environmental, or political issues within a country or region. Governments can help ensure that arts and crafts continue to thrive as a vibrant part of the economy and culture, supporting not only individual artists and craftspeople but also the broader community. For instance, in August 2023, according to the Americans for the Arts, a US-based non-profit organization, local government funding to local arts agencies reached $1.01 billion in 2023, representing a 7.5% increase from 2022. Therefore, increasing government funding for arts and crafts drives the arts and crafts market.

Key Industry Players
Major companies operating in the arts and crafts market report 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.

The arts and crafts market report table of contents includes:

1. Executive Summary

2. Arts And Crafts Market Characteristics

3. Arts And Crafts Market Trends And Strategies

4. Arts And Crafts Market – Macro Economic Scenario

5. Global Arts And Crafts Market Size and Growth

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32. Global Arts And Crafts Market Competitive Benchmarking

33. Global Arts And Crafts Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Arts And Crafts Market

35. Arts And Crafts Market Future Outlook and Potential Analysis

36. Appendix