Germany Handicraft Market Outlook (2021-2027) | Growth, Size, Share, COVID-19 IMPACT, Industry, Revenue, Companies, Forecast, Analysis, Trends & Value
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
| Product Code: ETC150318 | Publication Date: Jan 2022 | Updated Date: May 2024 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 71 | No. of Figures: 14 | No. of Tables: 4 | |
Germany Handicraft Market Competition 2023
Germany Handicraft market currently, in 2023, has witnessed an HHI of 3489, Which has decreased slightly as compared to the HHI of 3759 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Germany Export Potential Assessment For Handicraft Market (Values in USD Thousand)
Germany Handicraft Market report thoroughly covers market by product type, distribution channel and end-users. The market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Germany Handicraft Market Synopsis
Germany Handicraft market witnessed a decline in recent years on account of warmer summers in recent past which had a negative impact on knitted and embroidered cloth industry. Moreover, the rising preference towards factory made goods in comparison to handicrafts has been a major reason for the downfall of handicrafts in the country. The spread of Covid-19 pandemic also had a major role in the market’s decline as it resulted in global supply chain disruption, further leading to lower imports of handicrafts. Furthermore, the strict lockdowns imposed in the country resulted in shut down of retail shops and lesser number of international visitors in the country. This led to a very low demand and supply of handicrafts in the country. However, the market is anticipated to recover in 2021 on the back of reopening of retail stores and international tourism, in addition to the economic recovery of Germany.
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.
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. Embroidered and crocheted goods garnered the majority Germany handicraft market share in 2020 and this trend would persist in the coming years as well on account of higher inclination of tourists towards handmade & embroidered clothes, bags and other goods. Moreover, female population of Germany have a high interest towards embroidered clothes which would augment the demand for embroidered goods in the coming years.
Market by Distribution Channel Analysis
In Germany Handicraft Market, mass retailers have led the overall market revenues accounting more than 30% of the market revenues in 2020. Mass retailers occupied the majority revenue share in German handicraft market in terms of distribution channel owing to the variety of handicraft goods present in these stores which can cater different consumer preferences at a single place.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2017 to 2020.
- Base Year: 2020
- Forecast Data until 2027.
- Key Performance Indicators Impacting the Market
Key Highlights of the Report
- Germany Handicraft Market Overview
- Germany Handicraft Market Outlook
- Germany Handicraft Market Forecast
- Historical Data and Forecast of Germany Handicraft Market Revenues 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
- Historical Data and Forecast of Germany Handicraft Market Revenues By End Users, for the Period 2017-2027F
- Market Drivers
- Market Restraints
- Germany handicraft Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Market Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
- 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:
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- Mass Retailers
- Departmental Stores
- Independent Retailers
- Specialty Stores
- Online Stores
- Others (Local Vendors and Retail Stores)
- By End Users:
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- Residential
- Commercial
Germany Handicraft Market: FAQs
The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
The Germany Handicraft Market growth is anticipated to record a CAGR of 1.2% during 2021-27.
The segment, embroidered and crocheted goods has dominated the Germany handicraft market revenue.
Online stores would record key growth throughout the forecast period 2021-27.
The key players of the market include- Sandner GmbH, Krebs Glas Lauscha, Rug Star, MK Handicraft Co, Trautz Gmbh and Orient Handicraft etc.
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1. Executive Summary |
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2. Introduction |
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2.1. Report Description |
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2.2. Key Highlights of the Report |
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2.3. Market Scope & Segmentation |
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2.4. Research Methodology |
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2.5. Assumptions |
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3. Germany Handicraft Market Overview |
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3.1 Germany Handicraft Market Revenues and Volume, 2017-2027F |
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3.2 Germany Handicraft Market Industry Life Cycle |
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3.3 Germany Handicraft Market Porter’s Five Forces |
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3.5 Germany Handicraft Market Revenue Share, By Product Type, 2020 & 2027F |
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3.6 Germany Handicraft Market Revenue Share, By Distribution Channel, 2020 & 2027F |
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3.7 Germany Handicraft Market Revenue Share, By End Users, 2020 & 2027F |
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4. Impact Analysis of Covid-19 on Germany Handicraft Market |
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5. Germany Handicraft Market Dynamics |
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5.1 Impact Analysis |
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5.2 Market Drivers |
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5.3 Market Restraints |
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6. Germany Handicraft Market Overview, By Product Type |
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6.1 Germany Handicraft Market Revenues, By Woodware, 2017- 2027F |
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6.2 Germany Handicraft Market Revenues, By Art Metal Ware, 2017- 2027F |
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6.3 Germany Handicraft Market Revenues, By Hand Printed Textiles and Scarves, 2017- 2027F |
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6.4 Germany Handicraft Market Revenues, By Embroidered and Crocheted Goods, 2017- 2027F |
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6.5 Germany Handicraft Market Revenues, By Zari and Zari Goods, 2017- 2027F |
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6.6 Germany Handicraft Market Revenues, By Imitation Jewellery, 2017- 2027F |
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6.7 Germany Handicraft Market Revenues, By Others, 2017- 2027F |
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7. Germany Handicraft Market Revenues, By Distribution Channel |
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7.1 Germany Handicraft Market Revenues, By Mass Retailers, 2017- 2027F |
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7.2 Germany Handicraft Market Revenues, By Departmental Stores, 2017- 2027F |
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7.3 Germany Handicraft Market Revenues, By Independent Retailers, 2017- 2027F |
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7.4 Germany Handicraft Market Revenues, By Specialty Stores, 2017- 2027F |
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7.5 Germany Handicraft Market Revenues, By Online Stores, 2017- 2027F |
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7.6 Germany Handicraft Market Revenues, By Others, 2017- 2027F |
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8. Germany Handicraft Market Revenues, By End users |
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8.1 Germany Handicraft Market Revenues, By Residential, 2017- 2027F |
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8.2 Germany Handicraft Market Revenues, By Commercial, 2017- 2027F |
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9. Germany Handicraft Market Import-Export Trade Statistics |
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9.1 Germany Handicraft Market Imports from Major Countries |
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9.2 Germany Handicraft Market Exports to Major Countries |
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10. Germany Handicraft Market Key Performance Indicators |
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11. Germany Handicraft Market Opportunity Assessment |
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11.1 Germany Handicraft Market Opportunity Assessment, By Product Type, 2027F |
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11.2 Germany Handicraft Market Opportunity Assessment, By Distribution Channel, 2027F |
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11.3 Germany Handicraft Market Opportunity Assessment, By End users, 2027F |
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12. Germany Handicraft Market Competitive Landscape |
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12.1 Germany Handicraft Market Competitive Benchmarking, By Technical Parameters |
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12.2 Germany Handicraft Market Competitive Benchmarking, By Operating Parameters |
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13. Company Profiles |
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13.1 Sandner GmbH |
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13.2 Krebs Glas Lauscha |
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13.3 Rug Star |
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13.4 MK Handicraft Co |
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13.5 Trautz Gmbh |
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13.6 Orient Handicraft |
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14. Key Strategic Recommendations |
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15. Disclaimer |
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List of Figures |
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Figure 1. Germany Handicraft Market Revenues, 2017-2027F ($ Million) |
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Figure 2. Germany Handicraft Market Revenue Share, By Product Type, 2020 & 2027F |
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Figure 3. Germany Handicraft Market Revenue Share, By Distribution Channel, 2020 & 2027F |
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Figure 4. Germany Handicraft Market Revenue Share, By End Users, 2020 & 2027F |
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Figure 5. Germany GDP Per Capita, 2016-2020 |
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Figure 6. Germany Nominal Wages Per Month, 2015-2019 |
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Figure 7. Germany E-Commerce Market Size, 2015 & 2024F ($ Billion) |
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Figure 8. Germany Individuals using Internet (% of population) |
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Figure 9. Germany Residential Handicraft Market Revenues, 2017-2027F ($ Million) |
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Figure 10. Germany Commercial Handicraft Market Revenues, 2017-2027F ($ Million) |
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Figure 11. Overnight stays by foreign visitors in Germany, 2016-2020, (Million) |
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Figure 12. Germany Handicraft Market Opportunity Assessment, By Product Type, 2027F |
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Figure 13. Germany Handicraft Market Opportunity Assessment, By Distribution Channel, 2027F |
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Figure 14. Germany Handicraft Market Opportunity Assessment, By End Users, 2027F |
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List of Tables |
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Table 1. Germany Handicraft Market Revenues, By Product Type, 2017-2027F ($ Million) |
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Table 2. Germany Handicraft Market Revenues, By Distribution Channel, 2017-2027F ($ Million) |
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Table 3. Germany Handicraft Market Imports from Countries, 2018-2020 ($ Thousand) (Contd.) |
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Table 4. Germany Handicraft Market Exports to Countries, 2018-2020 ($ Thousand) (Contd.) |
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