NEW YORK, April 12, 2021 /PRNewswire/ --
Technavio has monitored the writing and marking instruments market in its latest market research report. The market is poised to garner $ 6.25 billion and accelerate at a CAGR of over 7% during the forecast period. This consumer discretionary industry report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the writing and marking instruments market.
Frequently Asked Questions:
What are the major trends in the market?
Rising popularity of multi-utility writing instruments is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The market will accelerate at a CAGR of over 7% and the incremental growth of the market is anticipated to be $ 6.25 billion.
Who are the top players in the market?
A. T. Cross Co. LLC, BIC Group, C. Josef Lamy GmbH, Crayola LLC, ITC Ltd., Kokuyo Camlin Ltd., Lexi Pvt. Ltd., Linc Pen & Plastics Ltd., Newell Brands Inc., PILOT Corp., Pininfarina Spa, and Schneider Schreibgerate GmbH, are some of the major market participants.
What is the key market driver?
The growing emphasis on product personalization is one of the major factors driving the market.
How big is the APAC market?
The APAC region will contribute to 42% of the market share.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. A. T. Cross Co. LLC, BIC Group, C. Josef Lamy GmbH, Crayola LLC, ITC Ltd., Kokuyo Camlin Ltd., Lexi Pvt. Ltd., Linc Pen & Plastics Ltd., Newell Brands Inc., PILOT Corp., Pininfarina Spa, and Schneider Schreibgerate GmbH are some of the major market participants. The growing emphasis on product personalization will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this writing and marking instruments market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Writing and Marking Instruments Market 2021-2025: Segmentation
Writing and Marking Instruments Market is segmented as below:
o Offline Stores
o Online Stores
o Markers and Highlighters
o Colouring and Writing Instruments
o Writing Accessories
o North America
o South America
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Writing and Marking Instruments Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The writing and marking instruments market report covers the following areas:
Writing and Marking Instruments Market Size
Writing and Marking Instruments Market Trends
Writing and Marking Instruments Market Industry Analysis
This study identifies the rising popularity of multiutility writing instruments as one of the prime reasons driving the writing and marking instruments market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Writing and Marking Instruments Market 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist writing and marking instruments market growth during the next five years.
Estimation of the writing and marking instruments market size and its contribution to the parent market.
Predictions on upcoming trends and changes in consumer behavior
The growth of the writing and marking instruments market across APAC, Europe, North America, MEA, and South America
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of writing and marking instruments market vendors.
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
Five Force Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Application
Comparison by Application
Pens - Market size and forecast 2020-2025
Markers and highlighters - Market size and forecast 2020-2025
Pencils - Market size and forecast 2020-2025
Coloring and writing instruments - Market size and forecast 2020-2025
Writing accessories - Market size and forecast 2020-2025
Market opportunity by Application
Market Segmentation by Distribution channel
Comparison by Distribution channel
Offline stores - Market size and forecast 2020-2025
Online stores - Market size and forecast 2020-2025
Market opportunity by Distribution channel
APAC - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
North America - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Volume driver – demand-led-growth
Market positioning of vendors
A. T. Cross Co. LLC
C. Josef Lamy GmbH
Kokuyo Camlin Ltd.
Linc Pen & Plastics Ltd.
Newell Brands Inc.
Schneider Schreibgerate GmbH
Scope of the report
Currency conversion rates for US$
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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