What is Mechanical Pencil Market Scope?
A mechanical pencil, also reaching for a pencil, is a pencil with an interchangeable and mechanically extractable solid pigment core called "lead". The lead, which is often made of graphite, is not bonded to the outer casing and can be mechanically elongated if its tip wears out during use. Other names include micro-tip pencil, automatic pencil, drafting pencil, technical pencil, click pencil, pump pen, pump pencil, lead holder, pacer, propelling pencil, pen pencil, and lead pencil. Mechanical pencils are used to provide lines of constant width without sharpening in technical drawing and fast, clean writing. They were also used for drawing art. Since they don't need to be sharpened, they're also very popular with students. Mechanical pencils were very first used in the 18th century, with many of the designs patented in the 19th as well as 20th centuries. Mechanical pencils can be divided into two basic types: those that hold the lead and can actively propel it, and those that only hold the lead in place.
The Mechanical Pencil market study is being classified by Type (0.5mm, 0.7mm, 0.9mm and Others), by Application (School/Office, Designer, Artistic Creation, Industry Graphic and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Vendors from Asian will contribute to the maximum growth of Global Mechanical Pencil market throughout the predicted period.
Faber-Castell (Germany), Marco (United States), Deli (China), Baile (China), Truecolor (India), Aihao (China), China First Pencil Co., Ltd. (China), M&G (United Kingdom), Pilot Corporation), The Walt Disney Company (United States) and Staedtler (Germany) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Mechanical Pencil market by Type, Application and Region.
On the basis of geography, the market of Mechanical Pencil has been segmented into 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).
Influencing Market Trend
- Rising Demand for Advanced Pencil for Artists
- Growing Demand for Mechanical Pencil among End-users
Market Drivers
- Increasing Usage of Mechanical Pencil in Engineering Drawing
- Launch of New Products Coupled With Innovation in Technology
Opportunities
- Improvement in Mechanical Pencil Over the Years
- High Demand in Developing Regions
Restraints
- Changing User Preferences
Challenges
- Lack of Awareness Regarding Mechanical Pencils
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Mechanical Pencil Providers, Raw Material Suppliers, Government Regulatory and Research Organizations and End-User
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