Market Outlook 17 minutes PremiumOnline Marketplaces for Handcrafted and Vintage Merchandise Coresight Research March 29, 2016 Executive Summary Online craft marketplaces are peer-to-peer platforms that sell handmade or custom-made products, which are usually created by the sellers themselves. The sellers are typically artisans and designers. Etsy is the archetypical online craft marketplace. In 2015, its annual gross merchandise sales grew to $2.39 billion and its number of active sellers reached 1.56 million. Amazon expanded into the handcrafts market when it launched Handmade at Amazon in 2015. Consumers spent $34 billion on general crafts, fine arts, jewelry and bead crafts in the US in 2015; Etsy’s share of this market was only 3.9%. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: August 2023 US Retail Traffic and In-Store Metrics: Apparel Sector Registers Strongest Growth Amid Store-Based Traffic DeclineEarnings Insights 4Q22, Week 5: Floor & Decor, TJX and Walmart Post Solid Sales Momentum; Alibaba and Home Depot See Slowed GrowthMarket Navigator: US Healthcare—Evolving To Become More Personalized and Consumer-FocusedUS CPG Sales Tracker: Health & Beauty Category Helps Sustain Mid-Teens Online CPG Growth
