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Pumping Up the Luxury Pens Market by 2016 - 2022
Luxury Pens Market
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The luxury pens market is a niche market, and also there are not much retailers available in the market, which can hamper the luxury pens market. Likewise, the import duty of such luxury pens is high enough to impact its market. Due to its high range the inventory cost of the dealers increases, hence it requires more working capital management which can decline the luxury pens market. Moreover, there is an increase in e-communication among people which would further decline the luxury pens market.
Global Luxury Pens Market: Segmentation
The global luxury pens market can be segmented on the basis on product type, raw material and application.
Global Luxury Pens Market by Product Type
• Ball Point Pens
• Converter Pens
• Fountain Pens
• Roller Ball Pens
• Fine Liner Pens
• Stylus Pens
• Multifunctional Pens
• Brush Pens
• Die Pens
Global Luxury Pens Market By Material Used:-
• Precious gold metals
• Precious resin
• Rubber
• Stainless Steel
• Sterling Silver
• Porcelain/ Ceramic
• Carbon
• Lacquer
Global Luxury Pens Market by Application:-
• Calligraphy
• Screen Writing
• Document Marking
Global Luxury Pens Market by Region:
• Asia Pacific
• Europe
• North America
• Latin America
• The Middle East & Africa
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Asia Pacific is the fastest growing region in the global luxury pens market. Countries such as India and China are the upcoming countries where demand for such luxury items are at peak because of the increase in disposable income of people. Even, North America is a flourishing luxury pens market due to the improving brand awareness of luxury pens amongst people.
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