In terms of revenue, the global Arts and Crafts for Children Market size accounted for USD 12,106.3 Million in 2020 and is expected to reach USD 20,526.2 Million by 2028, growing at a CAGR of 5.4% from 2021 to 2028.
Arts and crafts require different activities that involve creating things with one’s own hands, such as drawing with pencils, carving, thread painting, or making stuff with all kinds of materials. It is simply a hobby, so kids, and adults love arts and crafts. There are classes, workshops, and seminars in schools and training centers where everyone can learn the skills of arts and crafts.
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As buyers generally look to do their home projects on their own, the arts and crafts market continues to take a positive trend. In general, customers seem to have a growing curiosity in craftsmanship. But the market has become far more competitive. The mainstream brick-and-mortar arts and crafts shops are competing with huge retailers like Walmart and Target, and also online players like etsy.com. The increased competition has culminated in many companies raising advertising activity in order to drive sales. Although lower price points remain important for many customers, many retailers have increasingly concentrated on gross margin growth and have been more selective with the form and amount of discounts provided. For many suppliers, children’s crafts have powered profits. The goods are still popular with kids.
COVID-19 Impact Analysis
Covid-19 pandemic has affected almost all sectors. Due to the implementation of lockdowns in various countries there has been a significant impact arts and crafts for children market and had led to decline in growth of the market. Arts and crafts for children market are majorly used in schools, home, and distributed from retail shops, supermarkets and hypermarkets, among others which has been highly impact due to the Covid-19 pandemic. Owing to the lockdown schools were completely shut down. The retail shops, supermarkets and hypermarkets, among others were completely under lockdown making arts and crafts unavailable for children. Thus, making a significant dent in growth of the arts and crafts in children market.
Arts And Crafts For Children Market Growth Factors
There are numerous advantages of arts and crafts in children. The arts and craft engage kids and help nurture their creativity. It allows social and physical development in children. Arts and crafts offer various advantages to children such as: fine motor skills development, hand-eye coordination improvement, increases agility, social and physical development, promotes innovation and creation and many more. Parents feel pressure to encourage STEM skills. Crafting is helpful to build STEM skills in children. Skills which are demarcated as those abilities projected to be assumed by individuals with a tertiary-education level degree in the field of science, technology, engineering and math are called as STEM skills. These skills include numeracy and the ability to generate, understand and analyze empirical data included at the pre-primary level.
Teachers are more focused on designing skills and other craft-related activities that deal with tangible product building. Most of those practices are done in classes. Students can use a wider range of visual art resources, like clearer pencils and paint brushes that take advantage of developing motor skills in them. At this point, students try to refine their abilities as they are introduced to sophisticated art projects. Arts and crafts frequently require close hand-eye coordination. It will only make it much easier off at an early age. The more children train, the more their hand-eye coordination can benefit them in almost all walks of life, including their opportunities to succeed in athletics.
The Global Arts and Crafts for Children Market is segmented as follows:
BY PRODUCT TYPE
● Drawing Pen
● Paints and Stains
● Craft Tools
● Educational Use
● Home Use
Global Arts and Crafts for Children Market Key Players are :
• Fiskars Group
• Ningbo Rainma stationery CO.,LTD
• Paper Mate (Newell Office Brands)
• PILOT Corporation
• Pentel of America, Ltd.
• Westcott (Acme United Corporation)
• Mundial Inc.
• BEHR Process Corporation
There are many positives for children from the arts and crafts, including letting them make friends while articulating one another and helping them improve each other’s abilities to learn more creatively. Arts and crafts build a stronger ground for all children who might or might not possess diverse interests, but many of them will want to build stuff with their hands and to see what other kids have made. Hence socializing and developing critical thinking skills is always beneficial for the development of the child. Institutions are aware of the benefits related to the use of art and crafts in children and therefore have incorporated art subjects in their curriculum. Therefore the inclusion of art and crafts subjects in the curriculum ultimately results in the driving of the market growth for arts and crafts for children.
Regional Analysis Preview
Asia pacific is anticipated to hold the largest share and grow with fastest CAGR for arts and crafts for children market over the forecast period. Europe is expected to hold the second largest share for arts and crafts for children market. Developed regions like North America and Europe have big presence of E-commerce market which delivers numerous suitable facilities concerning ordering of the product to shipping of the product and other services like discounts, ease of payment application, free delivery, and cash backs is boosting the sales of the arts and crafts for children market. On the other hand developing countries may also have immense presence of e-commerce with growing years Companies are aware that E-commerce provides various services convenient for the consumers; hence it will create more opportunity of sales for arts and crafts market.
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