
Art Supplies Market Is Expected to Grow at 4.5% Cagr
The art supplies market is poised to expand 1.6X in terms of value, and is foreseen to expand at a CAGR of 4.5% during the forecast period of 2020-2030.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Art supplies market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Art supplies market.
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Key findings of the Art supplies market study:
Regional breakdown of the Art supplies market based on predefined taxonomy.
Innovative manufacturing processes implemented by Art supplies vendors in detail.
Region-wise and country-wise fragmentation of the Art supplies market to grasp the revenue, and growth outlook in these areas.
Changing preferences among consumers across various regions and countries.
Factors (Positive and Negative) impacting the growth of the global Art supplies market.
Competition Insights
The global art supplies market is highly fragmented in nature, with the presence of a large number of local and regional players. Some of the prominent market players are Newell Brands, Pilot Corporation, Staedtler Mars GmbH, and Mitsubishi Pencil Co., Ltd, among others. These market players are concentrating on product launches in order to broaden their market footprints. An example of such product launches is: In 2019, Staedtler introduced its Concrete Ballpoint pen, which is made of matt chrome metal, in collaboration with the Nuremberg Institute of Technology.
Segmentation
Fact.MR’s study has done the segmentation of the art supplies market on the basis of product type, end user, and sales channel, across several regions.
By Product Type :
Pencils and Accessories
Graphite Pencils
Erasers
Sharpeners
Mechanical Pencils
Pencil Leads
Writing Pens
Fineliners
Ballpoint Pens
Rollerballs
Refills
Coloring Products
Colored Pencils
Fiber-tip Pens
Fineliners
Crayons, Chalks, and Oil Pastels
Paints
Markers
Highlighters
Universal Pens
Whiteboad Markers
Flipchart Markers
Dry Markers
Others
Other Art Supplies
By End User :
Institutional
Academic Institutions
Schools
Colleges
Other Academic Institutions
Industries
Offices
Other Commercial Institutions
Household
By Sales Chanel :
Stationary Stores
Departmental Stores
Supermarkets
Online Sales
Other Sales Channels
By Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
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Queries addressed in the Art supplies market report:
Why are the Art supplies market players targeting region for increased product sales?
What patented technologies are the players utilizing in the global Art supplies market?
Which regions are displaying the fastest growth in the Art supplies market?
What are the underlying micro- macroeconomic factors affecting the global Art supplies market?
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