Art Supplies Market is Poised to Expand 1.6 Times During Forecast Period 2020 to 2030

A gist of Art Supplies Market report
The Art Supplies Market report covers the key factors regarding the recent happenings such as new product launches, synergisms, and mergers & acquisitions. Furthermore, the study offers a dexterous background for acquiring heaps of information that likely consumers can use to ensure better gains at low expenditures. The presentation of insights on Art Supplies Market segmentation by type, application, and geography provides a critical angle.

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The spread of COVID-19 is resulting in declining sales as the number of consumers are staying indoors, which ultimately reduces the sales of art supplies.

In addition, declining demand from end users owing to the shutdown of schools, colleges, and offices, coupled with decrease in production capacity, is expected to affect the art supplies market. However, the market is expected to show better growth ahead, with the reopening of most institutions across the world.

The pervasiveness of e-Commerce has led many art manufacturers to offer their products through this channel. e-Commerce has been steadily progressing over the years, especially in urban centers. Online sales of art supplies is providing the much-needed boost to sustain the momentum of the global art supplies market.

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The global art supplies market is projected to expand at a CAGR of 4.5% over the forecast period of 2020-2030, and cross a valuation of US$ 65 Bn by 2030.

Key Takeaways from Art Supplies Market Study

The global art supplies market is projected to create an absolute $ opportunity of more than US$ 25 billion during the forecast period (2020 – 2030).
By product type, the writing pens segment is expected to dominate the global market in terms of value. It is set to hold a share-wide market dominance with over 50% of the total market value by the end of forecast period.

By end user, the household segment is projected to expand at a value CAGR of over 5%, and is expected to be valued 1.1X more than the institutional segment by the end of 2020.

North America is projected to hold maximum share in the global art supplies market, and is expected to grow 3X more than South Asia & Oceania by the end of the forecast period.
By sales channel, stationery stores are projected to surpass a market valuation of US$ 25 billion by the end of 2030.

On the basis of geography, this Art Supplies Market report covers the prominent regions, concentrates on product sales, value, market share and growth outlook in these regions, which include:

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Regional Segments Analyzed Include
• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.

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The research attempts to answer many queries such as:
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2. What challenges will vendors running the Art Supplies Market go through?
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4. At present, who is buying your product or service globally?
5. Who are your primary contenders?
6. What will be the cost of the products and facilities across various regions?
7. What are the trends affecting the performance of the Art Supplies Market?

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