In an era filled with touchscreen computers, tablets and smartphones, buying actual art supplies could be a rare sight. However, this is far from the truth as art supplies market can never truly be completely replaced by modern technology as true art lovers will always prefer real art as opposed to the virtual one. The art supplies market is projected to cross US$ 40 billion by 2028.
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Revenue share of stationery shops in the art supplies market is more than 40% in the art supplies market by sales channel and is predicted to remain the key sales channel throughout the duration of the forecast period. Digital platforms amalgamate art supplies manufacturers and social networking sites have become a tool for consumers as well as a marketers to expose and expand their art supplies products which are likely to boost art supplies market. The number of people engaging in social networking sites and other digital platforms has increased dramatically.
The report specifically talks about art supplies that are available in the market, which include pens, pencils, colors, highlighters and markers for end users such as school, residences, industries, offices, independent professionals and others reaching the consumers via sales channels, such as stationery shops, departmental stores, supermarket/hypermarket, online sales and other sales channels, across the globe.
Art Supplies Market – Art supplies distributed as promotional products to spur global market demand
A growing demand for promotional products such as t-shirts, outerwear and calendars offered by companies to both employees and customers is expected to boost the art supplies market. A survey conducted by the Advertising Specialty Institute in 2016 estimated that 50% of all U.S. consumers owned promotional art supplies. Companies are anticipated to use writing instruments for a number of promotional purposes that should benefit the global art supplies market
Art Supplies Market - Focus on universal education in developing countries creating steady demand for art supplies
Schools account for a significant share of the overall demand for art supplies. Use of pencils, pens, notebooks, whiteboards, markers, etc. for art purposes in schools have been a major contributor to the art supplies market. Increasing focus on art and crafts as an important extra-curricular activity apart from sports is another factor that is boosting the demand for art supplies in school end-use sector.
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Art Supplies Market – Increasing focus on ecofriendly and biodegradable Products
Increasing use of energy-efficient technologies by art supply manufacturers and rising demand for sustainable and biodegradable plastic products are factors expected to fuel demand for art supply market, specifically in regions such as Europe and North America, over the forecast period. In addition, manufacturers also have options to use sustainable packaging as companies have become more conscious towards environment friendly products.
Art supplies analysis, by product type
Pens segment is expected to be valued at US$ 31,668.0 Mn by 2028 and is projected to register a CAGR of 4.5% over the forecast period. Furthermore, the segment is also the leading contributor to the overall art supplies market. This segment accounts for 74.3% market share in overall art supplies market in terms of product type and will continue to maintain its significant market share in the forecast years.
Art supplies analysis, by end-user
In terms of value, residences segments is anticipated to register CAGR of 5.2% over the forecast period. Independent professional end-user segment is also growing rapidly owing to the rise in art auctions, exhibitions and shows.
Art supplies analysis, by sales channel
Stationery shops are expected to remain the fastest growing sales channel even during the forecast period. Online sales channel is estimated to grow at a high CAGR of 4.4% among others. This is attributed to the increasing number of people using internet and smartphones for shopping varied products, such as groceries and fast moving consumer goods (art supplies).
Art supplies analysis, by region
On the basis of region, Asia Pacific except Japan (APEJ) region is projected to remain dominant throughout the forecast period. Pens segment is estimated to account for the highest market share of 78% in the APEJ market by 2018 end.
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Table of Content:
Chapter 1 Executive Summary
1.1 Art Supplies Market- Opportunity Assessment
1.2 Competitive Analysis (Fortune Wheel)
Chapter 2 Global Art Supplies Market Overview
2.1 Market Introduction
2.2 Market Definition
2.3 Scope of Report
2.4 Supply Chain
2.5 Cost Structure
2.6 Key Brands, by Product Type
2.7 Pricing Point Analysis
2.7.1 Price Point Assessment by Product Type, 2017
2.7.2 Factors Influencing Pricing
2.8 Forecast Factors
2.9 Consumer Sentiment Analysis 28
2.10 Top Countries in retail and their retail sales growth (2016)
2.11 Regulatory Framework
2.12 Porter’s Five Forces Analysis
2.13 Competitor Footprint Matrix
2.14 PEST Analysis
2.15 Forecast Scenario
2.16 Investment Feasibility Matrix
2.17 Product Lifecycle Analysis
Chapter 3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Trends
Chapter 4 Global Art Supplies Market Analysis
4.1 Global Market Outlook
4.1.1 Market Value, Volume Forecast and Analysis
4.1.2 Price Index and Price Point Assessment
4.1.3 Regional Demand Assessment
4.1.3.1 Market Volume Share by Region
4.2 Global Art Supplies Market Analysis by Product Type
4.2.1 Value, Volume and Forecast by Product Type
Continued……………..
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