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Upcoming Allied Market Research
2021
Art Supplies Market

Art Supplies Market by Product Type (Paints, Drawing Paper/Pads, Pencils, Pens, Highlighters, Brushes, Erasers, and Colors), End Users (Home, Commercial, Education, and Independent Professionals), Application (Painting, Illustration, Sketching, Handicraft, Crafting, and Sculpting & Modeling). Distribution Channels (Online and Offline Retails): Global Opportunity Analysis and Industry Forecast, 2021–2030

A13050
Pages: NA
Oct 2021 | 248 Views
   
Author(s) : Roshan Deshmukh
Tables: NA
Charts: NA
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COVID-19

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The art supply market is expected to see moderate growth during the forecast period. Items required for artwork, be it sketching, painting, crafting, calligraphy, come under the category of art supplies. The global market of art supplies is branched based on its end-users, types, and channel of sales. The largest percentage of crafters and painters today are millennials, who fall between the ages of 18-34. 90% of the total sales of art supplies are made through brick and mortar stores. Growth in trends such as DIY, recycle-reuse-reduce, display of work on social media platforms, personalized art has boosted the sales of art supplies in recent years. Innovation and introduction of new art supplies are anticipated to continue to influence the demand for art supplies in the upcoming years.

Market Scope and Structure Analysis

Report Metric

Details

  Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Units

  Value (USD)

  Segments Covered

Product Type, End User, Application, Distribution Channel, and Region

  Regions Covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and the rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and the rest of Asia-Pacific), LAMEA (Middle East, Brazil, and the rest of LAMEA)

  Companies Covered

Faber Castell, Linc Pen & Plastic, Maped, Hallmark Cards, Pilot, Newell Brands, Staedtler Mars, Mitsubishi Pencils, Pelikan, and Eaglemoss.

 

COVID-19 Scenario Analysis

  • COVID-19 has affected the growth of art supplies market negatively.
  • The maximum sales of art supplies come from brick and mortar retail stores, which are shut down in almost all the countries affected by COVID-19 and that has dropped down the sales to a large extent.
  • Already the online sales of art supplies are less in comparison to its offline sales and now have almost become negligible amid this pandemic.
  • Major end-users being the educational institutes, students, commercials, are all locked down, which has reduced the sales of art supplies.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Art is said to be "an expression of soul" and this has driven the art and craft business to a great extent. In today's world, many factors such as growth in DIY trends, innovation in creativity, showcasing one's creativity on social media platforms such as Instagram, YouTube, Pinterest, etc. have driven the growth of this market.

Customized art supplies are being used by many companies for promotional purposes. Pens, pencils, and markers are used by schools and offices for various purposes and have increased the art supplies.

Another major advantage for the suppliers of art materials is the raw material required for its manufacturing is cheap. Low entry barriers and high demand for art supplies have led to its success.

Major threats can be seen from the competitors who provide more efficient substitutes at reduced costs.

Continuous experimentation with art supplies like florescent colors and pencil painting colors pave way for new opportunities.

The Global Art Supplies Market Trends

Power to Personalize Surges Art Supplies

Art and craft have seen drastic changes in the recent years. Artists these days sell customized and personalized items on online platforms. In addition, growth in DIY trends has attracted a lot of customers to purchase art material. Leaving no time for crafting retailers, they need to find out ways to attract potential customers and retain old ones.

The Rise in E-commerce has positively Affected Art Supplies Market

The global presence of e-commerce has motivated art supplies manufacturers to sell their products online. This is expected to lead to a surge in the online supply of art materials during the forecast years. Social media influencers these days have become a medium to boost sales by recommending various art supplies to their followers, converting them into potential customers.

Key Segments Covered

Segments

Subsegments

  Product Type

  • Paints
  • Drawing Paper/ Pads
  • Pencils
  • Pens
  • Highlighters
  • Brushes
  • Erasers
  • Colors

  End Users

  • Home
  • Commercial
  • Education
  • Independent Professionals

Application

  • Painting
  • Illustration
  • Sketching
  • Handicraft
  • Crafting
  • Sculpting and Modeling

  Distribution Channel

  • Online
  • Offline Retails

 

Key Benefits of the Report

  • This study presents the analytical depiction of the global art supplies industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global art supplies market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the global art supplies market.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
  • The report provides a detailed global art supplies market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Art Supplies Market Research Report

  • Which are the leading players active in the art supplies market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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