Felt Tip Pens Market Scope
Felt tip pens also known as marker pens, sketch pens, fine liners, etc. is a pen whose nib is made of porous and pressed fiber such as felt. Felt pens are becoming more popular among sketch artists for creating colorful and fine art paintings. Felt tip pens are available in the market in a variety of nib ranges for different applications. However, corporates and schools or colleges are used for marking calendars or charts, decorating journals, underlining important information, etc. The huge demand for felt tip pens that are washable and donít affect the skin of children will create noteworthy opportunities in the nearer future.
|Unit||Value (USD Million)|
|Key Companies Profiled||Faber-Castell (Germany), Tombow Pencil Co.,Ltd. (Japan), IKEA (Sweden), STAEDTLER Mars GmbH & Co. KG (Germany), STABILO International GmbH (Germany), Maped (France), CARIOCA (Italy), Winsor & Newton (United Kingdom), Pentel Co., Ltd. (Japan), Deli Group (China), Newell Brands (United States), Lelix (China) and Zenacolor (Mauritius)|
The global market consists of limited number of players who are competing with each other. Companies are also focusing on the development of new products with different material and high quality to meet the consumersí demand and remain competitive in the global market. There are the number of small and local players also available in the market. Research Analyst at AMA estimates that European Vendors will contribute to the maximum growth of Global Felt Tip Pens market throughout the predicted period.
Faber-Castell (Germany), Tombow Pencil Co.,Ltd. (Japan), IKEA (Sweden), STAEDTLER Mars GmbH & Co. KG (Germany), STABILO International GmbH (Germany), Maped (France), CARIOCA (Italy), Winsor & Newton (United Kingdom), Pentel Co., Ltd. (Japan), Deli Group (China), Newell Brands (United States), Lelix (China) and Zenacolor (Mauritius) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Felt Tip Pens market by Type , by Application (Art Projects, Drawing, Writing and Others) and Region with country level break-up.
On the basis of geography, the market of Felt Tip Pens 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). region held largest market share in the year 2021.
Influencing Trend:Emerging Trend of Oil-based or Alcohol-based Felt Tip Pens Among the Users Due to Less or No Smudge and Focus on the Development and Launch of Different Colors and Tip Sizes of Felt Tip Pens for Various Applications
Market Growth Drivers:Prominent Growth of Felt Tip Pens for Art Projects Specially Mandala to Create Fine Lines and Make It Colorful and Significant Inclination Towards the Felt Tip Pens with Chisel Point Type for Calligraphy and Decorating Journals
Challenges:Some Types of Felt Tip Pens Easily Smudges That May Limit the Adoption Among Consumers and Easy Availability of Felt Pen Alternatives Such as Fountain Pen and Acrylic Paint Marker in the Global Market
Restraints:Immediate Ink Dispensing of Felt Nib Sketch Pens as Compared to Others Can Hamper the Growth
Opportunities:Penetration of Dual Felt Tip Pens and Washable Felt Tip Pens in the Market May Create Opportunities and Popularity of Felt Tip Pens Among the School Going Students for Sketching and Drawing
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Felt Tip Pen Manufacturers, Suppliers and Distributors of Felt Tip Pen, Venture Capitalists and Private Equity Firms and Others