Dublin, July 19, 2024 (GLOBE NEWSWIRE) -- The "Pencil Sharpeners - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Pencil Sharpeners was valued at an estimated US$810.4 Million in 2023 and is projected to reach US$909.2 Million by 2030, growing at a CAGR of 1.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
The growth in the pencil sharpener market is driven by several factors, including technological advancements, the continuing relevance of pencil-based activities in education and art, and consumer behavior towards functional and durable products. Innovations in sharpener technology, such as more durable blades and energy-efficient electric models, make these products appealing to schools and offices looking to invest in long-lasting tools.
Additionally, despite the digital transformation in educational and professional environments, the demand for traditional writing instruments remains robust, sustained by the tactile and direct control that pencils provide over digital alternatives. The market also benefits from trends in consumer purchasing behavior, which favor ergonomically designed, child-friendly, and aesthetically pleasing products. These factors ensure ongoing investments and interest in the development and marketing of new sharpener models, sustaining the dynamic growth of this niche market.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Manual Sharpeners segment, which is expected to reach US$319.9 Million by 2030 with a CAGR of a 1.2%. The Electric Sharpeners segment is also set to grow at 1.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $220.8 Million in 2023, and China, forecasted to grow at an impressive 3.5% CAGR to reach $172.7 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Pencil Sharpeners Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Pencil Sharpeners Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Pencil Sharpeners Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Beifa Group Co. Ltd., Deli Group Co. Ltd., Faber-Castell AG, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 35 Featured):
- Beifa Group Co. Ltd.
- Deli Group Co. Ltd.
- Faber-Castell AG
- Factis SA
- GuangBo Group Stock Co. Ltd.
- Hindustan Pencils Pvt Ltd
- Kokuyo Camlin Ltd.
- KUM GmbH & Co. KG
- Maped India Stationery Products Pvt. Ltd.
- Newell Brands Inc - Prismacolor
- Plus Corporation
- Shanghai M&G Stationery Inc.
- Shenzhen Comix Group Co. Ltd.
- Staedtler SE
- Sunwood Holding Group Co. Ltd.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 272 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $810.4 Million |
| Forecasted Market Value (USD) by 2030 | $909.2 Million |
| Compound Annual Growth Rate | 1.7% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Pencil Sharpeners - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Innovation in Design Propels the Development of More Efficient Pencil Sharpeners
- Rising Demand for Art Supplies Drives Growth in Specialty Pencil Sharpener Market
- Environmental Concerns Influence Design and Materials Used in Pencil Sharpeners
- Adoption of Electric Pencil Sharpeners in Educational Institutions Expands Market Reach
- Integration of Ergonomic Features Strengthens Product Appeal in Pencil Sharpeners
- Digital Learning Trends Impact Traditional Stationery Products Like Pencil Sharpeners
- Expansion of Online Retail Enhances Accessibility and Sales of Pencil Sharpeners
- Growing DIY and Crafting Movements Propel Sales of Manual Pencil Sharpeners
- Technological Advancements Lead to Multi-Functionality in Pencil Sharpener Designs
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/rasjui
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