AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Pencil Sharpeners market - Global outlook to 2026". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Pencil Sharpeners market to grow at a CAGR of %.
The End User, such as School Kids, is boosting the Pencil Sharpeners market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Pencil Sharpeners market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Increasing Usage of Pencils in Education Sectors and Rise in Demand for State-Of‐The-Art Educational Infrastructure in Developed Economies.
A pencil sharpener is a device which is used for sharpening a pencil's writing area by shredding away its rough surface in which the writer pointed area is covered. These sharpeners can work through three methods namely manually, using the electric motor, or a battery. Sharpeners consist of a strong layer covered around them so that they can easily remove the pencil shavings into a trash bin. These pencil sharpeners come in different size, shape, and colour. The increasing number of the educational sector globally will drive the market for pencil sharpeners.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Pencil Sharpeners market by Type (Manual Sharpeners, Electric Sharpeners, Battery Sharpeners and Others (Handheld & Specialized)), by Application (Physical Stores and Online Stores) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market