> [!NOTE]+ Meta > Author:: The Business Research Company > Reference:: https://www.thebusinessresearchcompany.com/report/arts-and-crafts-global-market-report > Date:: 2024 > Tags:: #warp > WeftLinks:: [[Economic value of craft]] > Claim:: [[Claim - Craft makes an important contribution to the economy]] > [!SUMMARY] Summary > The craft market in 15 large countries is expected to rise to $44.7 billion in 2024. ### Highlights The arts and crafts market is growing rapidly due to increased government funding, which supports artists and craftspeople. The market size is expected to rise from $41.60 billion in 2023 to $44.71 billion in 2024, driven by trends like eco-friendly products and DIY culture. Major companies are innovating to stay competitive, creating new tools and materials for both hobbyists and professionals. Arts and crafts refer to the handcrafting and decoration of utilitarian objects, often promoting handcraftsmanship over industrial mass production. It is characterized by simple functional design, natural motifs, and the use of artistic and practical skills in creating objects such as jewelry, pottery, and other decorative items. The arts and crafts market size has grown strongly in recent years. It will grow from **$41.60 billion in 2023 to $44.71 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%.** The arts and crafts market size is expected to see strong growth in the next few years. It will grow to **$60.50 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.** Major trends in the forecast period include tech-integrated crafts, product innovation, technological advancements, integration of technologies, and growing collaborations. The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.