Global Metal Crafts
Market Report
2024
Metal crafts market size will be USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 4.60% from 2024 to 2031
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Metal crafts market size will be USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 4.60% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Metal Crafts Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.6% |
Market Split by Type |
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Market Split by Metal |
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Market Split by Distribution channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Metal Crafts Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Metal crafts are objects made from metal materials using different methods like forging, casting, engraving, and welding. These crafts include a variety of products such as sculptures, decorations, jewelry, utensils, and architectural elements. The growth of this industry is driven by advancements in artistic techniques, increasing disposable income, sustainability concerns, and consumer demand for one-of-a-kind, personalized items.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the Metal Crafts industry.
For instance, in January 2023, Target, a prominent American retailer, introduced a collection of home decor items, such as tables, rugs, and other accessories, in partnership with renowned designers. The collaborations include Hearth & Hand with Magnolia, Opalhouse designed with Jungalow, and Threshold with Studio McGee.
Source-9people.com/home/target-new-home-designer-collections/)
Artistic innovation and craftsmanship stand as fundamental drivers in the metal crafts market. Creative metal artisans continually push the boundaries of design and technique, introducing new styles, forms, and finishes. This innovation not only captivates consumers but also sets trends in the industry. Unique and intricate metal craft pieces often become focal points in interior and exterior décor, attracting art enthusiasts, collectors, and interior designers.
In September 2022, Crate&Barrel, a furniture retail company headquartered in the United States, formed a collaboration with Athena Calderone, a well-known interior designer. This partnership aimed to create an exclusive line of home collection items for Crate&Barrel, including jewelry, utility products, designed pieces, and other home decor products.
The market thrives on artisans' ability to blend traditional craftsmanship with contemporary aesthetics, creating diverse products that appeal to various consumer tastes. Pursuing artistic excellence and showcasing cultural diversity through metal crafts enhance the market's dynamism, drawing in a wide customer base.
Cultural heritage and tradition play a pivotal role in driving the metal crafts market. Many regions have a rich history of metalworking techniques and styles that have been passed down through generations. These traditional crafts often carry symbolic significance and are deeply rooted in local cultures. Domestically and internationally, consumers appreciate and seek out these authentic, culturally rich metal craft items. Craftsmen adept at preserving and infusing traditional elements into their creations find a dedicated audience interested in heritage pieces.The market benefits from the timeless appeal of these crafts, which serve as decorative items and carriers of cultural narratives.
The metal crafts market faces restraints from mass production and competitive pressure. Mass-produced metal products, often of lower quality, flood the market, providing consumers with more affordable alternatives. While these products lack the unique craftsmanship and artistic value of handmade metal crafts, they appeal to price-conscious consumers. The challenge lies in educating consumers about the qualitative differences between artisanal metal crafts and mass-produced items.
The COVID-19 pandemic significantly impacted the metal crafts market, causing disruptions in both supply chains and consumer demand. During the initial phases of the pandemic, restrictions on manufacturing and transportation led to delays in production and delivery of metal craft products. Many artisans and craftsmen faced challenges in sourcing raw materials, hindering their ability to create new products. Additionally, the closure of retail outlets, art galleries, and craft fairs limited the market's offline presence, reducing sales opportunities. On the demand side, economic uncertainties and reduced consumer spending affected the willingness to invest in non-essential items, including decorative metal crafts
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The metal crafts market boasts a diverse and competitive landscape, characterized by a myriad of skilled artisans, traditional craftsmen, and innovative designers. In North America, established players and emerging artists vie for market dominance, stimulating a creative rivalry that benefits consumers with a wide array of choices.
Metal Crafts Industry News
June 2022:Walmart, an American retail giant, partnered with Gap, an American clothing retailer, to introduce a range of home textile products such as rugs, sheets, wooden items, and more.
November 2021:The Danish toy manufacturer, The LEGO Group, has collaborated with the Danish design brand, Room Copenhagen, to introduce a collection of accessories. These accessories encompass various items such as picture frames, drawers, wall hangers, and more.
Top Companies Market Share in Metal Crafts Industry: (In no particular order of Rank)
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According to Cognitive Market Research, the metal crafts market in the Asia Pacific region stands as a vibrant and diverse landscape, reflecting rich cultural heritage and artistic traditions. Countries like India, China, Japan, and Indonesia have long been renowned for their intricate metal craftsmanship, showcasing a wide array of products, including jewelry, sculptures, utensils, and decorative items.Among the Asia Pacific countries, India stands out as a dominant force in the metal crafts market. Renowned for its exquisite craftsmanship and diverse range of metal products, India's artisans have been instrumental in shaping the regional market. With a growth rate of 39%, the Asia Pacific region, led by countries like India, continues to thrive, attracting art enthusiasts and collectors worldwide. The fusion of traditional artistry with modern design sensibilities propels the market forward, making the region a global metal crafts industry powerhouse.
North America emerges as the fastest-growing region, experiencing a remarkable surge in demand for finely crafted metal products. The region's affinity for artistic creations, coupled with a burgeoning interest in unique and handcrafted items, has fueled the growth of the metal crafts industry. Artisans and craftsmen in North America have embraced traditional techniques while incorporating innovative designs that appeal to a diverse consumer base with a penchant for exquisite metalwork.With a notable % growth rate of 28%, North America stands as a hotbed for innovation and creativity in the metal crafts industry. The region's consumers appreciate the craftsmanship and individuality that artisans infuse into their creations. The surge in demand for artistic home decor and sculptures underscores the market's vibrant nature, reflecting a thriving economy that values the artistry and uniqueness offered by metal crafts. As consumers continue to seek out personalized and exceptional metal products, North America is poised to maintain its position as a key driver in the global metal crafts market.
The current report Scope analyzes Metal Crafts Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, North America emerges as the fastest-growing region, experiencing a remarkable surge in demand for finely crafted metal products. The region’s affinity for artistic creations, coupled with a burgeoning interest in unique and handcrafted items, has fueled the growth of the metal crafts industry. Artisans and craftsmen in North America have embraced traditional techniques while incorporating innovative designs, appealing to a diverse consumer base with a penchant for exquisite metalwork. With a notable growth rate of 28%, North America stands as a hotbed for innovation and creativity in the metal crafts industry. The region’s consumers appreciate the craftsmanship and individuality that artisans infuse into their creations. The surge in demand for artistic home decor and sculptures underscores the market's vibrant nature, reflecting a thriving economy that values the artistry and uniqueness offered by metal crafts. As consumers continue to seek out personalized and exceptional metal products, North America is poised to maintain its position as a key driver in the global metal crafts market.
According to Cognitive Market Research, Europe stands as a prominent hub in the global Metal Crafts market, embodying centuries-old craftsmanship traditions melded with contemporary design sensibilities. The region's metal crafts industry is renowned for its intricate detailing, quality materials, and timeless aesthetic appeal. From ornate jewelry to functional home decor, Europe offers a diverse range of metal craft products that cater to both domestic and international markets.Europe's Metal Crafts market is poised for a robust growth trajectory, with an estimated 25% increase expected in the coming years. This growth is fueled by a combination of rich cultural heritage, a focus on quality craftsmanship, and an expanding global market. The region's artisans continue to innovate, blending traditional metalworking methods with contemporary trends, ensuring the market remains vibrant and competitive. As consumer preferences gravitate towards unique, personalized items, Europe's Metal Crafts market is well-positioned to meet these demands, fostering a future where creativity and tradition coalesce to drive the industry forward.
According to Cognitive Market Research, The Asia Pacific region accounts for a total of 30% of the market share. The metal crafts market in the Asia Pacific region stands as a vibrant and diverse landscape, reflecting rich cultural heritage and artistic traditions. Countries like India, China, Japan, and Indonesia have long been renowned for their intricate metal craftsmanship, showcasing a wide array of products, including jewelry, sculptures, utensils, and decorative items. Among the countries in the Asia Pacific region, India stands out as a dominant force in the metal crafts market. Renowned for its exquisite craftsmanship and diverse range of metal products, India's artisans have been instrumental in shaping the regional market. With a growth rate of 39%, the Asia Pacific region, led by countries like India, continues to thrive, attracting art enthusiasts and collectors worldwide. The fusion of traditional artistry with modern design sensibilities propels the market forward, making the region a powerhouse in the global metal crafts industry.
According to Cognitive Market Research, Latin America boasts a vibrant and diverse Metal Crafts market, reflecting the region's rich cultural heritage and artistic traditions. From intricate filigree work to bold sculptures, Latin American metal craftsmen showcase their skills through a wide array of products. The market is characterized by a fusion of indigenous craftsmanship with colonial influences, resulting in unique and visually captivating metal artifacts.The Latin American Metal Crafts market, while currently representing 5% of the global market share, is experiencing a steady rise. The region's artisans continue to captivate the international market with their distinctive designs and meticulous craftsmanship. As the global appreciation for handmade, culturally rich artifacts grows, Latin America is poised to play an increasingly significant role in the Metal Crafts industry. The fusion of tradition and innovation in Latin American metalwork ensures a promising future, where the market is expected to expand, drawing more attention and admiration from art lovers worldwide
According to Cognitive Market Research, the Middle East and Africa region, although accounting for 3.00% of the global Metal Crafts market, play a crucial role in preserving ancient metalworking techniques and cultural heritage. Metal Crafts in this region are deeply rooted in history, with a focus on intricate designs, often depicting religious motifs, geometric patterns, and local traditions. Craftsmen in these regions are renowned for their skills in working with various metals, including gold, silver, brass, and copper, creating ornate artifacts that tell stories of their rich cultural past.Despite representing a modest share of the global market, the Middle East and Africa region contribute significantly to the diversity and cultural richness of the Metal Crafts industry. The meticulous craftsmanship, coupled with the preservation of age-old techniques, ensures the enduring appeal of metal artifacts from this region. As global interest in traditional craftsmanship grows, the Metal Crafts market in the Middle East and Africa is expected to continue flourishing, captivating art enthusiasts and collectors worldwide.
Global Metal Crafts Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Metal Crafts Industry growth. Metal Crafts market has been segmented with the help of its Type, Metal Distribution channel, and others. Metal Crafts market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research,Jewellery stands out as the dominant category in the metal crafts market due to its enduring appeal and cultural significance. Metal jewelry, crafted with precision and often embellished with gemstones, holds a timeless allure for consumers globally. In many cultures, jewelry symbolizes wealth, status, and personal adornment, making it a sought-after item. Artisans infuse creativity and craftsmanship into metal jewellery, creating intricate designs that appeal to diverse tastes. The market for metal jewelry is also bolstered by occasions such as weddings, anniversaries, and festivals, where ornate metal pieces are integral to cultural traditions.
The fastest-growing category in the metal crafts market is designed images. This includes a wide array of products, such as metal wall art, sculptures, and decorative metal pieces featuring intricate designs and patterns. Designed images cater to the contemporary demand for aesthetically pleasing and visually impactful home and office décor. Metal sculptures and wall art, in particular, serve as statement pieces, enhancing interior spaces with elegance and style. The growth of online platforms and social media has allowed artisans and designers to showcase their creations to a global audience, expanding the market for these visually appealing metal crafts.
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Metal Crafts from 2019 to 2031. This will also help to analyze the demand for Metal Crafts across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Metal of Metal Crafts are:
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The dominant category in the metal crafts market's distribution channels is the offline channel, which includes brick-and-mortar stores, art galleries, craft fairs, and exhibitions. Offline channels have historically been the primary avenue for metal crafts sales, offering consumers a tactile and immersive shopping experience. Customers can physically examine the craftsmanship, assess the quality, and appreciate the intricate details of metal crafts before making a purchase. Additionally, offline channels often feature knowledgeable sales staff who can provide insights into the artisanal techniques, materials used, and the cultural significance of the metal crafts, enhancing the overall customer experience.
According to Cognitive Market Research, the fastest-growing category in the metal crafts market's distribution channels is the online channel. The rapid digitalization of commerce, coupled with the internet's global reach, has transformed the way consumers discover and purchase metal crafts. Online platforms, including e-commerce websites, social media marketplaces, and artisanal platforms, provide artisans and metal crafts businesses with a vast online presence. These platforms enable artisans to showcase their work to a broader audience, transcending geographical boundaries. Furthermore, online channels offer convenient browsing, secure payment options, and door-to-door delivery services, appealing to modern consumers' preference for hassle-free shopping experiences.
Research Analyst at Cognitive Market Research
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Metal Crafts Market is witnessing significant growth in the near future.
In 2023, the Jewellery segment accounted for noticeable share of global Metal Crafts Market and is projected to experience significant growth in the near future.
The Cast Iron segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Craft India Overseas , Divya Exports and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Jewellery, Utility Products, Designed Images, Others |
Metal | Cast Iron, Steel, Silver, Gold, Aluminium, Copper, Others |
Distribution channel | Offline Channel, Online Channel |
List of Competitors | Craft India Overseas, Crossroads Foundation, Divya Exports, Earthy workshop and Co Pty Ltd. and Akkaara, Fakih Group of Companies, HimalayanMart.com, Kathmandu Handicrafts Pvt. Ltd., Native Crafts and Arts, Nepal Craft Shop Pvt. Ltd., NGOC DONG HA NAM, Orient Handicraft Ltd., OSM HANDICRAFT, RTCrafts Enterprise, S.Sundaravadivel and Co., Sana Hastakala |
This chapter will help you gain GLOBAL Market Analysis of Metal Crafts. Further deep in this chapter, you will be able to review Global Metal Crafts Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Metal Analysis 2019 -2031
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Chapter 12 Market Split by Distribution channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Metal Crafts market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Jewellery have a significant impact on Metal Crafts market? |
What are the key factors affecting the Jewellery and Utility Products of Metal Crafts Market? |
What is the CAGR/Growth Rate of Cast Iron during the forecast period? |
By type, which segment accounted for largest share of the global Metal Crafts Market? |
Which region is expected to dominate the global Metal Crafts Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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