BROWSE THROUGH OUR TRADE FAIRS IN GERMANY FOR HANDICRAFT INDUSTRY

Germany is among the central, leading, and time-honoured countries of the handicraft industry. This applies to the European and global segments of the sector. It is often considered to be part of the more extensive crafts industry of the state. This is a sector that comprises around 568 000 enterprises. These vary from independent contractors through SMEs to extensive, time-established corporations. This results in the segment producing around 8.5% of the country’s GDP or gross domestic product. This is due to the segment producing annual turnovers that often reach approximately 659 000 000 000 EUR. Such high yearly revenues are produced by around 5 400 000 specialists. They operate in diverse sections of the value chain. Examples include ones related to the production of handicrafts, such as porcelain wares, knit apparel, et cetera. As a result, the crafts and handicrafts industry is among the central and leading economic segments of the state. It is also an industry that is expected to continue its further growth and development in the upcoming years. For example, it is expected to continue growing at a CAGR of 1.2% in the following years. Among the contributing causes for this growth is its chief focus on researching and developing novel solutions. This enables it to adapt to the latest challenges and consumer trends. Generally, such innovations are presented during trade expos. Such events are hosted once per year in diverse cities. They attract hundreds of thousands of attendees.