Report Overview:
Handicrafts, also known as artisanry, are unique artifacts that represent the tradition, culture, and heritage of a country. They are made entirely by hand or using simple non-automated tools such as carving equipment, scissors, or hooks instead of machines. Some of the most common materials used to make handicrafts are sheets, wood, metals, beads, stones, wrought iron, textiles, paper, and ceramics. These products add aesthetic, decorative, creative, artistic, functional, traditional, social, and religious value to a space, provide employment opportunities, and are prominent medium for foreign exchange revenue. As a result, there has been an escalating demand for handicrafts across the globe.
In recent years, the emergence of e-commerce channels has made handicrafts more accessible to consumers, which represents one of the major growth-inducing factors. Besides this, the increasing demand for handmade decor items from residential and commercial sectors for decorative purposes is also contributing to the market growth. In addition, handicraft manufacturing units require low capital investments as handicrafts have lower energy requirements as compared to machine-made products that involve the utilization of electricity and various other fuels. This, coupled with the expanding travel and tourism industry, is providing vast opportunities to local artisans and manufacturers to sell commoditized products to the tourists, thus propelling the market growth. Moreover, the introduction of modern designs, the rising disposable income of individuals, and the shifting consumer preferences toward ethnic decor items are some of the other factors creating a favorable market outlook across the globe.
The report provides a techno-commercial roadmap for setting up a handicraft manufacturing plant. The study covers all the requisite aspects that one needs to know while making a foray into the handicraft industry. This ranges from macro overview of the market to micro details of the industry performance, key success and risk factors, manufacturing requirements, project cost, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the handicraft industry.
The project report covers the following aspects of the handicraft market:
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1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Research Methodology
3 Executive Summary
3.1 Market Scenario
3.2 Raw Material Requirements
3.3 Income Projections
3.4 Expenditure Projections
3.5 Profit Analysis
4 Global Handicraft Market
4.1 Market Overview
4.2 Historical and Current Market Performance
4.3 Impact of COVID-19
4.4 Market Forecast
4.5 Market Breakup by Segment
4.6 Market Breakup by Region
4.7 Price Trends
4.7.1 Raw Material Price Trends
4.7.2 Handicraft Price Trends
4.7.3 Product Margins
5 Handicraft Manufacturing Process
5.1 Product Overview
5.2 Detailed Process Flow
5.3 Various Types of Unit Operations Involved
5.4 Mass Balance and Raw Material Requirements
6 Project Details, Requirements and Costs Involved
6.1 Land, Location and Site Development
6.1.1 Overview of Land Location
6.1.2 Project Planning and Phasing of Development
6.1.3 Environmental Impacts
6.1.4 Land Requirement and Expenditure
6.2 Plant Layout
6.3 Plant Machinery
6.3.1 Machinery Requirements and Costs
6.3.2 Machinery Suppliers
6.3.3 Machinery Pictures
6.4 Raw Materials
6.4.1 Raw Material Requirements
6.4.2 Raw Material Procurement
6.4.3 Raw Material Expenditure
6.4.4 Raw Material Suppliers
6.4.5 Raw Material and Final Product Pictures
6.5 Packaging Requirements and Expenditures
6.6 Transportation Requirements and Expenditures
6.7 Utilities Requirements and Expenditures
6.8 Manpower Requirements and Expenditures
7 Loans and Financial Assistance
8 Project Economics
8.1 Capital Cost of the Project
8.2 Operating Expenses
8.3 Expenditure Projections
8.4 Income Projections
8.5 Product Pricing and Margins
8.6 Taxation
8.7 Depreciation
8.8 Financial Analysis
8.8.1 Liquidity Analysis
8.8.2 Profitability Analysis
8.8.2.1 Payback Period
8.8.2.2 Net Present Value
8.8.2.3 Internal Rate of Return
8.8.2.4 Profit and Loss Account
8.8.3 Uncertainty Analysis
8.8.4 Sensitivity Analysis
9 Regulatory Procedures and Approval
10 Key Success and Risk Factors
List of Figures
Figure 1: Global: Handicraft Market: Major Drivers and Challenges
Figure 2: Global: Handicraft Market: Value Trends (in Million US$), 2017-2022
Figure 3: Global: Handicraft Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 4: Global: Handicraft Market: Breakup by Segment (in %), 2022
Figure 5: Global: Handicraft Market: Breakup by Region (in %), 2022
Figure 6: Handicraft Raw Materials: Price Trends, 2017 & 2022
Figure 7: Handicraft: Price Trends, 2017 & 2022
Figure 8: Handicraft: Margins Across Various Stages of the Supply Chain
Figure 9: Handicraft Manufacturing Plant: Breakup of Costs
Figure 10: Handicraft Price Structure
Figure 11: Handicraft: Manufacturing Process Flow
Figure 12: Handicraft: Manufacturing Process: Conversion Rate of Feedstocks
Figure 13: Handicraft Manufacturing Plant Layout
List of Tables
Table 1: Handicraft Manufacturing Plant: Raw Material Requirements
Table 2: Handicraft Manufacturing Plant: Project Planning
Table 3: Handicraft Manufacturing Plant: Phasing of Development
Table 4: Handicraft Manufacturing Plant: Environmental Impacts During Construction Phase
Table 5: Handicraft Manufacturing Plant: Environmental Impacts During Operation Phase
Table 6: Handicraft Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 7: Handicraft Manufacturing Plant: Costs Related to Machinery
Table 8: Handicraft Manufacturing Plant: List of Machinery Suppliers
Table 9: Handicraft Manufacturing Plant: Costs Related to Raw Materials
Table 10: Handicraft Manufacturing Plant: List of Raw Material Suppliers
Table 11: Handicraft Manufacturing Plant: Costs Related to Packaging
Table 12: Handicraft Manufacturing Plant: Costs Related to Utilities
Table 13: Handicraft Manufacturing Plant: Costs Related to Salaries and Wages
Table 14: Handicraft Manufacturing Plant: Capital Costs
Table 15: Handicraft Manufacturing Plant: Operating Costs
Table 16: Handicraft Manufacturing Plant: Taxation
Table 17: Handicraft Manufacturing Plant: Depreciation
Table 18: Handicraft Manufacturing Plant: Income Projections
Table 19: Handicraft Manufacturing Plant: Expenditure Projections
Table 20: Handicraft Manufacturing Plant: Liquidity Analysis Without Considering the Income Tax Liability
Table 21: Handicraft Manufacturing Plant: Liquidity Analysis on Considering the Income Tax Liability
Table 22: Handicraft Manufacturing Plant: Profitability Analysis Without Considering the Income Tax Liability
Table 23: Handicraft Manufacturing Plant: Profitability Analysis on Considering the Income Tax Liability
Table 24: Handicraft Manufacturing Plant: Profit and Loss Account
Table 25: Handicraft Manufacturing Plant: Discount Factor Rate
Table 26: Handicraft Manufacturing Plant: Sensitivity Analysis
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