The new report by Expert Market Research titled, ‘Global Art and Craft Tools Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global art and craft tools market, assessing the market based on its segments like product types, distribution channels, end-users, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 8%
People are increasingly taking up art and craft activities for recreation and to get in touch with their creative side. Several people find art and craft activities therapeutic. Children are encouraged to engage in art and craft activities and studies for all-round development; such activities are also seen as a healthy form of entertainment for children. Various social media platforms dedicated to arts and crafts are expected to strengthen the trend. With the increasing adoption of art and craft activities and businesses built around blooming traditional art and craft practices, the global art and craft tools market is expected to grow. Rising consumer interest towards design and decoration activities, like wall decoration, is expected to propel the market growth.
Industry Definition and Major Segments
Hand-eye coordination, fine motor skills, and cognitive abilities are all improved when children use art and craft instruments. Several art-making motions, such as holding a paintbrush or scrabbling with a crayon, are critical for the development of fine motor skills in young children. When very young children make art and discuss it, they provide opportunities for them to learn the names of colours, shapes, and actions. In addition, children’s interpretations of creative content allow for further in-depth study.
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By product type, the market is segmented into:
- Drawing and Painting Tools
- Cutting Tools
- Paper Crafts and Decorative Items
By distribution channel, the market is classified into:
- Convenience Stores
- Hypermarket and Supermarket
- Speciality Stores
- Online Stores
By end user, the market is divided into:
- Educational Institutes
On the basis of region, the market is segmented into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Environmentally friendly and bio-degradable art and craft tools have witnessed an increase in demand. With rising consumer awareness of environmental issues and concerns regarding the impact of business operations and consumption habits on the environment, more consumers prefer and demand sustainable products, which is driving the growth of the art and craft tools market. Changing fashion trends in decoration is further invigorating the market growth. The rising trend of online videos regarding craft making is like to build consumer interest, thereby boosting the market growth.
Key Market Players
The major players in the market are Ningbo Haishu Qiao Stationery Co. Ltd., Fabbrica Italiana Lapis ed Affini S.p.A., Crayola, CSS Industries Inc., and The Art and Craft Limited, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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