Demand for Art Supplies to Gain Momentum with the increase in Market Share of Writing Pens : Fact.MR

Art Supplies Market to Cross US$ 65 Bn by 2030; Demand to Witness Marginal Decline in Near Term amidst COVID-19 Pandemic

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Art Supplies Market – Scope of the Report

The art supplies market is anticipated to witness notable upsurge during the forecast period of 2020 to 2030, conferring to a new Fact.MR study. The study promotes crucial trends that are presently determining the growth of the art supplies market. This newly published and perceptive report sheds light on the vital dynamics that are likely to affect the future of the market, in turn, generating worthwhile opportunities for key companies as well as evolving players who are interested in the manufacturing of art supplies.

The global art supplies market study is a detailed market intellect on key revenue progression factors, challenges, industry trends, and opportunities, which will eventually influence the growth of the market. The report primarily conveys a summary of the art supplies market, considering present and upcoming art supplies industry scenarios, to reveal striking sides relating to the acceptance of art supplies across prominent regional markets.

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New Product Launches to Enhance Market Resiliency

Key players in the art supplies market are Newell Brands Inc., Faber Castell AG, Camlin Group Ltd., F.I.L.A. Group, SOCIETE BIC, Maped Helix, STAEDTLER Mars GmbH & Co. KG, Pentel Co. Ltd., Pilot Pen Company, Mitsubishi Pencil Co., Ltd, ITC Limited, and Tombow Pencil Co., Ltd., among others. On the manufacturers and suppliers front, the market continues to remain highly fragmented, with many organized players accounting for a sizeable revenue share. The competition legroom in the art supplies market is being dominated by multiple product launches. For instance,

In 2020, for the U.S. market, Societe BIC launched its latest BIC coloring line for children. This product line includes crayons that are break-proof, ultra-washable markers with a durable tip, and colored pencils that are break-resistant and splinter-free.

In 2020, Pilot Corporation introduced a ballpoint pen dubbed the "V Cone Knock." This uses a water-based ink that prevents drooling, and its close pen tip eliminates the distance between the tip of the pen and the ball to avoid drying or leakage of water-based ink while not writing.

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Reasons to Purchase this Report - A Detailed Price Point Analysis

Global Art Supplies Market - Price Point Analysis

Price Point Assessment by Region

Price Point Assessment by Product Type

Factors Influencing Pricing

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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.

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Find More Valuable Insights on Art Supplies Market

Fact.MR, in its new offering, presents an unbiased analysis of the global art supplies market, presenting historical demand data (2015-2020) and forecast statistics for the period of 2020-2030. The study divulges essential insights on the art supplies market on the basis of product type (pencils and accessories [graphite pencils, erasers, sharpeners, mechanical, pencils, and pencil leads], writing pens [fineliners, ballpoint pens, rollerballs, and refills], coloring products [color pencils, fiber tip pens, fineliners, crayons, chalks, and oil pastels, and paints], markers [highlighters, universal pens, whiteboard markers, flipchart markers, and dry markers), and other art supplies), end user (institutional [schools, colleges, ad other industries, offices, and other commercial institutions] and household), and sales channel (stationery stores, department stores, supermarkets/hypermarkets, online sales, and other sales channel), across six regions.

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