Art Supplies Market: Overview
The escalating influence of drawing, painting, coloring, and other activities related to art as a hobby are bringing immense growth opportunities for the global art supplies market. The lockdown implementations across various countries are further helping in increasing the growth rate of the art supplies market. This aspect may prove to be an important growth pillar for the global art supplies market during the forecast period of 2019-2029.
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The generation Z and millennial category may churn good growth for the global art supplies market during the forecast period. The heightening popularity for making various artworks among them can prove to be a significant growth multiplier for the art supplies market. Furthermore, the expanding usage of art supplies across academic institutions, industries, offices, schools, colleges, and others may bring tremendous growth opportunities for the art supplies market.
This report has extensive information on diverse factors etched with the growth opportunities across the art supplies market. Important points such as key trends, mergers and acquisitions, and the regional scenario linked with the art supplies market have been studied and the details have been added to the report. The stakeholders can get access to beneficial information from this report. This report also includes a systematic analysis of the COVID-19 impact on the art supplies market.
Art Supplies Market: Industry Insights
The art supplies market comprises a vast number of competitors trying to establish their dominance over the consumer base. The art supplies market is a mixed bag of local and international players. Observing the rising need of art supplies, the players always try to expand their manufacturing capacities.
The COVID-19 pandemic has led people to shop online rather than visiting the store and buying the items. Seeing the popular trend for online shopping, manufacturers in the art supplies market are spinning a strong web of network necessary for smooth online sales. Therefore, the manufacturers are projected to garner more revenue through online shopping when compared to other distribution channels.
Art Supplies Market: Prominent Players
Some well-entrenched players in the art supplies market are:
- Pilot Corporation
- Newell Brands
- Mitsubishi Pencil Co., Ltd
- Staedtler Mars GmbH
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COVID-19 Outbreak to Hinder Growth for Short Period
The novel coronavirus outbreak has affected almost every sector and business greatly. The art supplies market is no exception. It has witnessed disruptions in production and supply due to the strict lockdown impositions and sealing of borders.
The government bodies of numerous countries are now announcing relaxation norms to bring the economy back on track. This provides a golden opportunity for the art supplies market to revive its growth. Hence, based on all these factors, the art supplies market may experience a short term fall in growth.
Art Supplies Market: Key Trends
The organization of large-scale art exhibitions and events may serve as a prominent growth generator for the art supplies market. Nowadays, individuals are more inclined toward buying biodegradable and non-toxic art supplies. Non-toxic and biodegradable products do not pose a risk for the environment and are also safe for children. Thus, biodegradable art supplies may bring good growth for the art supplies market between 2019 and 2029.
Art Supplies Market: Geographical Dimensions
The art supplies market in Asia Pacific may gain a dominant position during the assessment period of 2019-2029 owing to the massive promotion of local arts across countries like India. In addition, the rising number of school-going children in the region may also bring good growth opportunities for the art supplies market.
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