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Fountain Pen Market - Global Insights, Growth, Size, Comparative Analysis 2025.

12-08-2017 07:14 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Research N Reports

Fountain Pen Market

Fountain Pen Market

The new research report, titled “Fountain Pen Market by Type (Open Nib and Hooded Nib); by Application (Education, Corporate, and others); by Distribution Channel (Supermarkets & Hypermarkets, Online Retailing, Stationeries & Office Supplies, and Departmental Stores); by Regions (North America, Asia Pacific, Europe, the Middle East & Africa and Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2017-2025”.

A fountain pen consists a reservoir of liquid ink in its structure and depends on the slant of the pen to deliver it onto the paper by way of a nib. The reservoir can be filled with ink whenever required by using an eyedropper or syringe. Some pens even consist of an inward filling system which has suction to let the ink directly into the reservoir. Some other pens also use replaceable pre-filled ink cartridges. The fountain pen was invented as a successor of dip pens which needed to be dipped inside a bottle of ink too frequently as does not have a reservoir.

In terms of revenue, the Global Fountain Pen Market was US$ 1,028.0 Mn in 2016 and is expected to reach US$ 1,970.0 Mn by 2025, expanding at a CAGR of 7.6% from 2017 to 2025. In 2016, APAC alone contributed 48 percent to worldwide sales. The rapidly growing population and increasing awareness of the importance of education is driving the demand in this region.

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The Global Fountain Pen Market is segmented on the basis of type into open nib and hooded nib. Among these, Open nib represented the major share of the Global Fountain Pen Market in 2016 and is also anticipated to dominate throughout the forecast period. Open Nib pens have nibs similar to the nibs used in dip pens and hence are the preferred choice for the same reason. It?s luxurious and artsy appearance is a factor contributing to their dominance in the market. A hooded nib is a shorter & closer structure and hence a smaller portion of the nib is exposed to the atmosphere. Due to this, the nib doesn’t dry quickly and remains wet even if it is left uncapped.

On the basis of the distribution channel, the Fountain Pen Market is divided into Supermarkets & Hypermarkets, Online retailing, Stationeries & Office supplies, and Departmental stores. Among these, the Supermarkets & Hypermarkets segment is expected to hold the largest market share throughout the projected period.

Among applications, the Education segment, with XX market share, is projected to be dominant in the forecast period. The increasing demand for fancy stationery among students is contributing to the segments demand.

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In APAC, fountain pens have become more than just a writing instrument since its inception. While it is pretty obvious that it?s a popular choice among students, it is also a widespread gift trend in the corporate world. Availability of a plethora of designs, variations and price range has caused a spike in its demand. Additionally, personalization options such as engraving one?s name or company?s logo has significantly added to the demand.

A Fountain pen glides smoothly over the paper as long as everything is working fine but are difficult to work with if any functionality goes wrong even slightly. A poorly designed nib or a leaky reservoir can stain the user’s fingers and the paper too. The nibs can get scratchy sometimes and this can damage the paper as well. If too much ink flows through the pen, the entire affair can get messy. A fast paced life can’t afford the mess that comes with these pens and deter people from buying them.

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The Fountain Pen market is rapidly evolving and so is the range of products. Some of the top players are already selling pens that can function as a pen and a stylus that operate touchscreen devices such as tablets, smart phones and laptops. The expanding availability of multifunctional, luxurious pens will drive the growth of the market. Owing to the demand of luxurious pens, manufacturers are concentrating on developing the quality, ergonomics and convenience of using the pen. A growing demand for personalized luxury pens among business firms and magnates significantly contributes to the market. They are also being used as souvenirs at tech expos, conferences, corporate events and seminars which will add traction to the growth of the luxury pen market.

Prominent key players in Fountain Pen market are Diagraph, Norwood Marking Systems, Dikai, Wenzhou Dingshend, and Frain Group And others.

About Research N Reports:

Research N Reports is a new age market research firm where we focus on providing information that can be effectively applied. Today being a consumer driven market, companies require information to deal with the complex and dynamic world of choices. Where relying on a sound board firm for your decisions becomes crucial.

Research N Reports specializes in industry analysis, market forecasts and as a result getting quality reports covering all verticals, whether be it gaining perspective on current market conditions or being ahead in the cut throat Global competition. Since we excel at business research to help businesses grow, we also offer consulting as an extended arm to our services which only helps us gain more insight into current trends and problems. Consequently we keep evolving as an all-rounder provider of viable information under one roof.

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