Art Supplies Market Size, with Covid-19 Pandemic Analysis, Growth Rate, New Trend Analysis Forecast To 2021-2030

Allied Market Research published a new report, titled, "Art Supplies Market" The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

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Art is said to be "an expression of soul" and this has driven the art and craft business to a great extent. In today's world, many factors such as growth in DIY trends, innovation in creativity, showcasing one's creativity on social media platforms such as Instagram, YouTube, Pinterest, etc. have driven the growth of this market.

Customized art supplies are being used by many companies for promotional purposes. Pens, pencils, and markers are used by schools and offices for various purposes and have increased the art supplies.

Another major advantage for the suppliers of art materials is the raw material required for its manufacturing is cheap. Low entry barriers and high demand for art supplies have led to its success.

Major threats can be seen from the competitors who provide more efficient substitutes at reduced costs.

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The global presence of e-commerce has motivated art supplies manufacturers to sell their products online. This is expected to lead to a surge in the online supply of art materials during the forecast years. Social media influencers these days have become a medium to boost sales by recommending various art supplies to their followers, converting them into potential customers.

Geographically Analysis - North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and the rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and the rest of Asia-Pacific), LAMEA (Middle East, Brazil, and the rest of LAMEA)

COVID-19 Scenario Analysis

○ COVID-19 has affected the growth of art supplies market negatively.
○ The maximum sales of art supplies come from brick and mortar retail stores, which are shut down in almost all the countries affected by COVID-19 and that has dropped down the sales to a large extent.
○ Already the online sales of art supplies are less in comparison to its offline sales and now have almost become negligible amid this pandemic.

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The key market players profiled in the report include Faber Castell, Linc Pen & Plastic, Maped, Hallmark Cards, Pilot, Newell Brands, Staedtler Mars, Mitsubishi Pencils, Pelikan, and Eaglemoss.

Key Benefits of the Report

○ This study presents the analytical depiction of the global art supplies industry along with the current trends and future estimations to determine the imminent investment pockets.
○ The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global art supplies market share.
○ The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the global art supplies market.
○ Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
○ The report provides a detailed global art supplies market analysis based on competitive intensity and how the competition will take shape in coming years.

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