In an age of full-touch computers, tablets, and smartphones, buying the real thing can be a rare sight. However, this is far from the truth as the art market can never be completely replaced by modern technology as true art lovers will always prefer real art over virtual art. The goods market is projected to exceed $40 billion by 2028.
During the projection period of 2020-2030, the art supplies market is expected to grow 1.6X in terms of value, with a CAGR of 4.5 percent. As the COVID-19 epidemic has taken a toll on the global transportation of products, from wholesale distribution to retail outlets, and the manufacturing industry, there have been shortages of art supplies. As a result, the import and export of art supplies has been hampered in various nations throughout the world, resulting in decreased sales of art-related goods.
Art supplies Market: Segmentation
FactMR’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.
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
End User
- Institutional
- Academic Institutions
- Schools
- Colleges
- Other Academic Institutions
- Industries
- Offices
- Other Commercial Institutions
- Household
Sales Chanel
- Stationary Stores
- Departmental Stores
- Supermarkets
- Online Sales
- Other Sales Channels
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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In-depth Competitive Analysis of the Art Supplies Market
The study concludes with a section on the art supplies market’s competitive landscape, as well as profiles of key players contributing to market growth. A complete dashboard view has been used to bring essential and up-to-date data as well as information associated to market performers who primarily engage in the manufacturing and delivery of art materials.
The report’s market share research and comparison of major companies allows readers to make educated guesses about how to progress their enterprises. Business profiles have been included in the research, which includes elements such as product portfolios, an all-encompassing SWOT analysis on each player identified, and identification and analysis of company policies.
The presence of all the major players in the art supplies market is mapped and displayed in a matrix, providing readers with actionable intelligence that aids in mindfully presenting the market situation and making definite forecasts on the level of competition in the art supplies industry. Newell Brands Inc., Société Bic S.A., Pilot Corporation, ITC Limited, Linc Pen & Plastics Ltd., and Faber Castel AG are all major players in the art supplies sector.
