openPR Logo
Press release

Art Supplies Market to Reflect a Significant CAGR of 4.5% By 2028

09-24-2018 09:57 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

/ PR Agency: Fact.MR
Art Supplies Market to Reflect a Significant CAGR of 4.5% By 2028

In an era filled with touchscreen computers, tablets and smartphones, buying actual art supplies could be a rare sight. However, this is far from the truth as art supplies market can never truly be completely replaced by modern technology as true art lovers will always prefer real art as opposed to the virtual one. The art supplies market is projected to cross US$ 40 billion by 2028.

Revenue share of stationery shops in the art supplies market is more than 40% in the art supplies market by sales channel and is predicted to remain the key sales channel throughout the duration of the forecast period. Digital platforms amalgamate art supplies manufacturers and social networking sites have become a tool for consumers as well as a marketers to expose and expand their art supplies products which are likely to boost art supplies market. The number of people engaging in social networking sites and other digital platforms has increased dramatically.

The report specifically talks about art supplies that are available in the market, which include pens, pencils, colors, highlighters and markers for end users such as school, residences, industries, offices, independent professionals and others reaching the consumers via sales channels, such as stationery shops, departmental stores, supermarket/hypermarket, online sales and other sales channels, across the globe.

Increasing number of online shoppers are positively influencing the growth of Art Supplies Market

The pervasiveness of e-commerce has led many art supplies manufacturers to offer their products through these portals. Thus, Online Sales are expected to be the fastest growing sales channel in the forecast period contributing to the increase in sales in art supplies market. The shift in focus from inexpensive to quality products is an important transition that will boost the demand for luxury art supplies in the forecast period. The cost has now become a secondary option while purchasing art supplies. People are focusing more on the quality and brand of the art supplies.

The APEJ region is estimated to account for the highest market share in the art supplies market in 2017 and this share is expected to grow at a massive rate, causing the APEJ market to grab even higher market share in art supplies market by the end of 2028. This highly populous continent is spearheaded by the rapid economic growth in China, India, and Indonesia and customers in these countries will continue to demand maximum art supplies.

Request Report Sample @ https://www.factmr.com/connectus/sample?flag=S&rep_id=1226

Fact.MR has profiled some of the most prominent companies active in the art supplies market such as Faber-Castell Aktiengesellschaft, Kokuyo Camlin Ltd., F.I.L.A. (Fabbrica Italiana Lapis ed Affini S.p.A.), Société BIC SA, Hallmark Cards, Inc., Maped, STAEDTLER Mars GmbH & Co. KG, Pedilite, Pentel Co., Ltd., Pilot Corporation, Newell Brands Inc, ITC Limited, Pelikan International Corporation Berhad, Linc Pen & Plastics Ltd., and Mitsubishi Pencil Co., Ltd. Some of the major strategies adopted by key players in the market include product innovation, mergers & acquisitions and expansion. For example, in 2015, Cello group sold its remaining equity in Cello Pens to BIC. Pursuant to acquisition, BIC holds 100% equity in Cello pens.

Fact.MR has provided some insightful information related to the art supplies market through various frameworks and illustrations. Some of the USPs of report on art supplies market include supply chain, cost structure, brand mapping, pricing analysis, forecast factors, consumer sentiment analysis, top countries in retail and their retail sales growth, regulatory framework, porter’s five forces analysis, pest analysis, forecast scenario, investment feasibility matrix, competitor footprint matrix, opportunity analysis, product lifecycle, and wheel of fortuneTM.

View Full Report @ https://www.factmr.com/report/1226/art-supplies-market

About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: www.factmr.com/
Follow Us on Linkedin: www.linkedin.com/company/factmr/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Art Supplies Market to Reflect a Significant CAGR of 4.5% By 2028 here

News-ID: 1257377 • Views:

More Releases from Fact.MR

Elevators Market to Grow at 11% CAGR, Reaching $270 Billion by 2033
Elevators Market to Grow at 11% CAGR, Reaching $270 Billion by 2033
The international elevators market (エレベーター市場) got to an evaluation of United States $ 95 billion in 2023 as well as is predicted to get to United States $ 270 billion by the end of 2033. This market is anticipated to expand at a substantial CAGR of 11% from 2023 to 2033. The elevators market stands as a crucial cog in the wheel of contemporary facilities, promoting upright mobility in significantly metropolitan
Stone Paper Market Explosive Growth CAGR of 8.0% to Reach $2,096.9 Million by 2033
Stone Paper Market Explosive Growth CAGR of 8.0% to Reach $2,096.9 Million by 20 …
The international stone paper market (ストーンペーパーマーケット) is forecasted to get to an assessment of United States $ 972.6 million by the end of 2023 and also is anticipated to expand at a CAGR of 8.0% to get to United States $ 2,096.9 million by the end of 2033. The stone paper market is experiencing considerable development possibilities driven by raising need from the product packaging as well as publishing markets. Customer
Foliar Fertilizers Market Predicts 4% CAGR, $344 Million Expansion by 2029
Foliar Fertilizers Market Predicts 4% CAGR, $344 Million Expansion by 2029
The worldwide foliar fertilizers market is forecasted to accomplish a 4% ordinary substance yearly development price (CAGR) by the verdict of the projection duration. This development is anticipated to produce an increment chance of United States$ 344 million by the end of 2029. Foliar plant foods supply an useful choice for supplying nutrients to plants as they can be straight related to the fallen leaves. This approach not just improves nutrient
E-Compass Market $11.9 Billion Discovery By 2033 | Fact.MR
E-Compass Market $11.9 Billion Discovery By 2033 | Fact.MR
In 2023, the global E-Compass Market reached a valuation of US$ 2.6 billion, and projections indicate a substantial growth trajectory, with estimates soaring to US$ 11.9 billion by 2033. 𝗚𝗲𝘁 𝗙𝗿𝗲𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗖𝗼𝗽𝘆: https://www.factmr.com/connectus/sample?flag=S&rep_id=8417 This remarkable surge in market value is attributed to the anticipated surge in worldwide electronic compass sales, expected to surge at an impressive Compound Annual Growth Rate (CAGR) of 16.5% over the coming decade. The eCompass, an electric

All 5 Releases


More Releases for Art

Art Collection Software Market to See Huge Growth by 2026 | Art Fundi, Art Binde …
The Latest Released Art Collection Software market study has evaluated the future growth potential of Art Collection Software market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, emerging trends along with essential
11-30-2016 | Arts & Culture
Fusion Art
Fusion Art to Host "Art for Animals" Juried Art Exhibition for Charity
Palm Springs, CA, USA -- Fusion Art (http://www.fusionartps.com), a Palm Springs contemporary fine art gallery, will host an "Art for Animals" Juried Art Exhibition Fundraiser for Charity to support local Coachella Valley animal welfare organizations. The gallery has partnered with the Palm Springs Animal Shelter, SNIP, The Living Desert, Animal Samaritans, and the Humane Society of the Desert to host a charity art exhibition during the month of December 2016. All
08-15-2016 | Arts & Culture
Fusion Art
Fusion Art to Host "Art for Animals" Juried Art Exhibition for Charity
Palm Springs, CA, USA -- Fusion Art (http://www.fusionartps.com) is pleased to announce that it will host an "Art for Animals" juried art exhibition to support local Coachella Valley animal welfare organizations. The gallery has partnered with SNIP, the Palm Springs Animal Shelter, The Living Desert, Animal Samaritans, and the Humane Society of the Desert to host a charity art exhibition during the month of December 2016. All five organizations are 501(3)(c)
Art Bengaluru’s International Art Auction
Includes artworks of celebrated International artists & unique lots including sculptures, coffee tables, chairs and other collectors’ items. Bangalore, India, Friday - August 24th, 2012 -- ‘Art Bengaluru 2012’ ( http://www.artbengaluru.in ), South India’s premier festival for contemporary art and culture, presents an iconic event as a part of its celebrations – an International Art Auction ( http://www.artbengaluru.in/auction.html ). The Auction, being presented by well-known auctioneer - Angira Arya, will take
Online Art Gallery Announces Call for Art - Theme “CityScapes” Art Contest
Jupiter, Florida - March 27, 2011 -- Light Space & Time Online Art Gallery is pleased to announce its April’s 2011 art competition. The theme for April is “CityScapes”. 2D Artists can submit their best Cityscape themed art for the Gallery’s May 2011 exhibition now. The submission process for artists ends April 28, 2011. All winners will be selected, announced and placed on the Light Space & Time website on May
VernissageTV covers Art Cologne 2010 art fair and shows video art
Basel, April 8, 2010 – As media partner of Art Cologne, VernissageTV art tv will cover Art Cologne 2010. The fair for modern and contemporary art will take place in Cologne, Germany from 21st to 25th April 2010. VernissageTV will provide its viewers with atmospheric shots from the fair, recordings of art talks, and in-depth interviews with artists, curators and dealers. The program will be shown on the websites of Art