About Art Tools
Art tools are the tools which are used for the design. Applications include Color Pencils & Pens, Crayons and art makers. It is used for Home, Commercial and Educational Purpose. Rising popularity in the fashion industry will help to grow the global art tools market. Fueling demand in fashion industries, as well as a rising dependency on the E-commerce industry, will help to boost the global art tool market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.5% |
Some leading players of the global art tool market such as Crayola (United States), Office Depot (United States), Newell Brands (United States), Staples Inc. (United States) and Westcott (United States). Players are anticipated to face competition due to the presence of several local vendors. The entry of new players, pricing competition, and mergers & acquisitions are further intensifying the level of competition among manufacturers in the Art tool industry. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Art Tools market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Crayola (United States), Office Depot (United States), Newell Brands (United States), Staples Inc (United States), Westcott (United States), Shanghai M&G Stationery (China), Beifa Group (China), Societe BIC(France), Pentel (Japan) and Pilot-Pen (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are FILA Group (Italy), Faber-Castell (Germany), Kokuyo Camlin (Mumbai), Fiskars (Finland), Pelikan Holding (Switzerland) and Mundial SA (Brazil).
Segmentation Overview
AMA Research has segmented the market of Global Art Tools market by Type (Color Pencil & Pen, Crayon, Art Marker and Craft Tools), Application (Home Use, Commercial Use, Educational Use and Other) and Region.
On the basis of geography, the market of Art Tools 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). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Art Tools market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Fueling Demand in Fashion Industries and Increasing Number of Online Art Suppliers
Market Growth Drivers:
Rising Demand for Art Tools, Comparatively Minimum Labor Rates, Low Investment Cost and Flexibility in Manufacturing Process and Cost
Challenges:
Lesser Curiosity from Youngsters due to New Technology Inventions
Restraints:
Deficiency in Promotion of Art Tools and Absence of Trained Labor in Art Tools Industry
Opportunities:
Increasing Demand for Art Supplier in developing nations due to Universal Educational Concept
Market Leaders and their expansionary development strategies
In June 2018, Staples, Inc. the world’s largest office solutions provider has acquired HiTouch Business Services, one of the largest independent and progressive office products dealers in the United States.
In March 2023, Glaze AI Tool Launched to Protect Artists from Art Generators. artificial intelligence, AI art generators have come under scrutiny as artists have claimed that the generators, on several occasions, copied their art.
Key Target Audience
Art tools Manufactures, Row Material Suppliers, Wholesalers, Retailers, Government and Other Market Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.