This research report titled "Art Supplies Market Positive Demand for Major Product Categories during forecast period 2018-2028" focuses on the Art Supplies Market, published to the vast repository managed by Fact.MR. The analysis focuses on the prime geographical regions based on their market size, revenue and attractiveness factors. Furthermore, the research discusses various segments from the Art Supplies Market to examine future lucrativeness and spot growth prospects during the period between (2018-2028). Readers can even access information such as key developments, technologies, innovations, etc.
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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 continue to witness lucrative opportunities across countries on the backdrop of increasing number of independent art professionals worldwide. Moreover, growth in the prevalence of recreational arts sector has influenced the demand for art supplies. This has encouraged manufacturers to come up with innovative products in the market. The trending convergence of pens, which have more adoption rate, are further anticipated to create remunerative growth opportunities for the art supplies market.
Increasing popularity of auctions, exhibitions and arts shows, and the money associated with them has impacted the art supplies manufacturing sectors, creating demand for luxury and premium art supplies. Increasing demand for colors’ segment is creating opportunity for pencil colors and crayons.
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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.
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.
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