PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1443415
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1443415
Global Art & Craft Materials Market is valued at approximately USD20.96 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.17%duringthe forecast period 2023-2030.Art and craft materials encompass a diverse range of supplies utilized in creative endeavors. Common materials include paints, brushes, canvases, paper, clay, and fabric. These materials serve various purposes across artistic disciplines, such as painting, sculpting, drawing, and crafting. The Global Art & Craft Materials Market is continuously growing due to factors such as rising per capita disposable income and growing interestin DIY activities.
Due to a rapid increase in the per capita disposable income, the demand for Art & Craft Materials increased gradually. The average household net-adjusted disposable income per capita in France is USD 34 375 annually, which is higher than the USD 30 490 annual average for the OECD. In addition, it has been found from the same source that the Germany has a per capita average household net-adjusted disposable income of USD 38 971, which is higher than the USD 30 490 OECD average. This led to the growth of the Art & Craft Materials Market globally. Moreover, technological advancements in manufacturing and the expansion of educational initiatives promoting creativity are opportunities for the Global Art & Craft Materials Market that led to the market growth. However, the high costs and rapid shifts in consumers preferences stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Art & Craft Materials Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 due to factors such as the rising number of art & craft institutions, the rising importance of self-expression and creativity. Asia Pacific is expected to grow significantly overthe forecast period, owing to factors such as rising demand for the product from interior designing and home decor trends, increasing disposable income of the consumer and developing e-commerce channels led to the market growth of the Art & Craft Materials Market globally.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporatespotential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
List of tables and figures are dummy in nature, final lists may vary in the final deliverable