Industry Background:
An Electric Sharpener is a simple tool that makes the tip of a pencil sharp and pointy by shaving off the wood around it. There are generally two types of pencil sharpeners: electric and hand-operated. Electric pencil sharpeners have a motor inside that causes the razor to spin quickly and sharpen a pencil rapidly and efficiently. Hand-operated sharpeners work when the pencil is turned manually toward the razor, and the wood and graphite are shaved off the sidesThis growth is primarily driven by Increasing adoption of Electric Sharpener across the globe.
Globally, a noticeable market trend is evident increasing online sales channel. Major Vendors, such as School Smart (United Kingdom), Stanley Bostitch(United States), Elmer (Finland), Westcott (United States), Ardent Group(United States), Lyreco (France), Herlitz(United States), Kokuyo (Thailand), Ryman Group (United Kingdom) and Staples (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Increasing adoption of Electric Sharpener across the globe
Market Trend
- increasing online sales channel
Restraints
- High cost compared to the ordinary sharpeners
Opportunities
Emerging demand from the developing countries
Challenges
Substitute availability for Electric Sharpener as a mechanical sharpener
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Technological Trends and Innovations
Regulatory Trends & Policies
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Market Share Movements
Growth Drivers and Constraints
New Entrants into the Market & Entry/Exit Barriers
Consumer Demographics
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