Any substance or equipment that can be utilised to create works of art is considered an art supply. From the most basic instruments, such as pencils and paper, to more complex equipment and materials, such as digital drawing tablets and software, art supplies come in many shapes and sizes. Growing demand for arts and crafts products among millennials, as well as rising spending in education around the world, will fuel growth..
MARKET DYNAMICS
The popularity of Art supplies market is due to the growth in DIY trends, innovation in creativity, showcasing one's creativity on different social media platforms. Moreover, Art supplies market are focusing on using natural and recyclable material for the manufacturing of art products like pens, pencils, markers etc., which has further increased the demand of them by consumers. Low entry barriers and high demand for art supplies have also led to the success of this market.
MARKET SCOPE
The "Global Art Supplies Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the art supplies market with detailed market segmentation by product type, end user and distribution channel. The global art supplies market is expected to witness notable growth during the forecast period. The report provides key statistics on the market status of the leading art supplies market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global art supplies market is segmented on the basis of product type, end user and distribution channel. Based on product type, the global art supplies market is segmented into paints, drawing paper/pads, pencils, pens, highlighters, brushes, erasers, and color. Additionally based on end user, market is segmented into home, commercial, education, and independent professionals. Based on distribution channel the market is bifurcated into online and offline.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global art supplies market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. The art supplies market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the art supplies market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the art supplies market in these regions.
MARKET PLAYERS
The reports cover key developments in the art supplies market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from art supplies market are anticipated to lucrative growth opportunities in the future with the rising demand for art supplies in the global market. Below mentioned is the list of few companies engaged in the art supplies market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the art supplies market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Faber-Castell
- Crayola
- Maped
- Pacon
- Pilot
- Newell Brands
- STAEDTLER Mars GmbH and Co. KG
- Mitsubishi Pencils
- Pelikan
- Hindustan Pencils Pvt. Ltd.