Global Arts and Crafts Market 2022 Size, Growth Analysis Report, Forecast to 2028

The global Arts and Crafts market is anticipated to grow at a CAGR of 5.3 % during the forecast period (2022-2028). Art is said to be “an expression of soul,” which has fuelled the art and craft industry to a large extent. During the forecast period, the art supply market is expected to grow moderately. Art supplies include items used in the creation of artwork, such as sketching, painting, crafting, and calligraphy. Millennials, those aged 18 to 34, make up the majority of crafters and painters. Brick and mortar stores account for 90 % of total art supply sales. DIY, recycle-reuse-reduce, work display on social media platforms, and personalized art have all boosted sales of art supplies which is impacting the market positively during the forecast period. Art supply-demand is expected to be influenced by innovation and the introduction of new art supplies in the future.

Many factors, such as the growth of DIY trends, innovation in creativity, and showcasing one’s creativity on social media platforms such as Instagram, YouTube, and Pinterest, have driven the growth of market. Many businesses use personalised art supplies to promote themselves. Pencils, pencils, and markers are used for a variety of purposes in schools and offices, contributing to an increase in art supplies. Another significant benefit for art material suppliers is the low cost of the raw materials used in their production. Its success has been attributed to low entry barriers and high demand for art supplies.

Based on the distribution channel, the offline segment is expected to hold a considerable share in the market during the forecast period. As they are easily available and consumers can easily purchase decorative items. The availability of a wide range of products in offline stores is further boosting the market growth during the forecast period.

 

Competitive Landscape-

Pilot Corp., Faber-Castell, Paper Mate, Parker Pen Co., Pentel Co. Ltd., PPG Architectural Finishes, Inc., BEHR Process Corp., among others.

By Type

Drawing Pen

Paints and Stains

Craft Tools

Others

By Application

Residential

Commercial

Educational

By Distribution Channel

Online

Offline

Scope of the Report
The research study analyzes the Global Arts and Crafts industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Global Arts and Crafts Market Report
1. What was the Global Arts and Crafts Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Global Arts and Crafts Market during the forecast period (2022-2028)?
   3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
   4. Which manufacturer/vendor/players in the Global Arts and Crafts Market was the market leader in 2021?
   5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

The report covers the following objectives:

• Proliferation and maturation of trade in the Global Arts and Crafts market.
• The market share of the Global Arts and Crafts market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the Global Arts and Crafts market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Arts and Crafts market.