United Arab Emirates (UAE) Handicraft Market Outlook (2021-2027) | Industry, Companies, Size, Growth, Forecast, Value, Trends, Share, Revenue, Analysis & COVID-19 IMPACT

The UAE Handicraft Market report thoroughly covers market by product types, distribution channel and end-user. UAE handicraft 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.

UAE Handicraft Market Synopsis

UAE Handicraft market witnessed a standard growth in recent years on account of growing demand from housing and hospitality sector and travel & tourism industry. The UAE, much like other parts of the Middle East, holds a rich tradition of ancient indigenous crafts including the likes of Safeefah (handwoven palm leaves), Talli (hand-braided metallic and silk embroidery), Sadu (handwoven wool) as well as sewing and pottery. Further, rising disposable income, which is expected to grow by 12.4% in 2021 coupled with growing e-commerce market, which is expected to reach $8 billion by 2025 would drive the Handicraft market in UAE. However, the spread of covid-19 in 2020 resulted in sharp decline in import of Handicraft as well as temporary closure of malls and retail stores resulted in decreasing the overall revenues of the UAE Handicraft market by 23%. However, as travel restrictions are uplifted, demand from tourism and hospitality sector is expected to drive the growth of handicraft market in the country.

According to 6Wresearch, the UAE Handicraft Market size is projected to grow at a CAGR of 7.1% in terms of revenues during 2021-2027. The demand for handicraft witnessed an increase owing to government efforts towards promotion of local traditions, art and culture through platforms like Abu Dhabi Register of Artisans, as Irthi Contemporary Crafts Council, Taskeel and The Abu Dhabi Crafts Platform and The House of Artisans. Design and craft program to promote art and culture among the audience in the upcoming Dubai Expo 2020 is further expected boost the market for Handicraft in the country.

Market by Product Types Analysis

In 2020, art metal ware garnered major revenue share in the UAE Handicraft market on account of strong demand from residential and hospitality sector. Owing to rising demand for premium clothing in UAE embroidered & crocheted goods hand printed textiles & scarves also acquired significant share in the UAE Handicraft market. Further, tourism is becoming a flourishing industry in UAE and handicraft is one of the fastest growing activities which give rise to the handicraft market during the forecast period.

Market by Distribution Channel Analysis

By distribution channel, mass retailer segment acquired largest market revenue share in 2020 in the UAE Handicraft market owing to their vast distribution network coupled with competitive pricing and wide variety of product portfolio. By product type, metal ware handicraft led the market revenue share in 2020 on account of high demand from housing and hospitality sector which is further expected to drive the market for Handicraft in the country during the forecast period.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2017 to 2027.
• Base Year: 2020
• Forecast Data until 2027.
• Key Performance Indicators Impacting the Market.

Key Highlights of the Report

• UAE Handicraft Market Overview
• UAE Handicraft Market Outlook
• UAE Handicraft Market Forecast
• UAE Handicraft Market Share
• UAE Handicraft Market Growth
• Historical Data and Forecast of UAE Handicraft Market Revenue for the Period 2017-2027F
• Historical Data and Forecast of UAE Handicraft Market Revenues By Product Type, for the Period 2017-2027F
• Historical Data and Forecast of UAE Handicraft Market Revenues By Distribution Channel, for the Period 2017-2027F
• Historical Data and Forecast of UAE Handicraft Market Revenues By End Users, for the Period 2017-2027F
• Market Drivers
• Market Restraints
• UAE Handicraft Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Market Player’s Revenue Ranking
• 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 Types
  • 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-User
  • Residential
  • Commercial