TECHGuru

  Handicrafts refer to hand made products such as handmade embroidery made using easy tools rather than machines. Handicrafts are creative representation of a specific ethnic or cultural tradition. Handicraft products comprise objects of decoration and utility. In the handicrafts market, small initial capital spending is required, for instance for labor, setup, transportation, and raw material. The global  handicraft market  is an emerging market for household accessory products, especially in the high-end segment. The growth in domestic and international tourism is expected to boost the handicraft market in the coming years. Furthermore, the handicrafts business is also an essential source of huge exports and potential foreign exchange, which are key drivers that are likely to boost the global handicraft market in the near future. Currently, the furnishings and furniture segment in the handicrafts market is rising at a rapid pace globally, which in turn is expected to mo...