North America Pens Market Forecast to 2030
North America Pens Market Forecast to 2030 – Regional Analysis – By Category (Refillable and Single-Use), Product Type (Ball Point, Fountain, Gel, and Others), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
$2,840 – $4,440
- Description
- Toplines
- Reasons for Buying
- Table of Contents
- List of Tables
- LIst of Figures
- List of Companies
- Reviews (0)
Description
Customization and Personalization Fuel the North America Pens Market
Customization and personalization have become prominent trends in the North America pens market, rephrasing the industry in several ways. Firstly, the ability to personalize pens by adding names, logos, or unique designs has created a strong emotional connection between consumers and their writing instruments. These personalized pens are cherished as unique gifts or effective business promotional items. This personal touch enhances the pens’ sentimental value and boosts brand recognition, making them popular for marketing and gifting purposes.
In addition to personalization for aesthetics, consumers also seek pens tailored to their specific requirements. Manufacturers now offer customizable options such as various ink colors, writing tip styles, and ergonomic grips. This flexibility ensures that consumers can find pens that match their writing preferences, tasks, and comfort levels. Whether a fine-point pen for precision or a colorful pen for creative expression, customization allows users to select pens that cater to their unique needs. Businesses and organizations capitalize on the power of custom pens as practical promotional tools. Branded pens featuring company logos and contact details are a cost-effective way to enhance brand visibility and make a lasting impression on potential clients and customers. As businesses strive to find innovative ways to stand out in a competitive market, the trend of personalization in pens aligns perfectly with their marketing goals. This trend is reshaping the North America pens market, with manufacturers focusing on providing more customizable options and consumers seeking pens that reflect their identity and requirements.
North America Pens Market Overview
The surge in the North America pens market can be attributed to several factors. Firstly, there has been a growing interest in note-taking and handwritten communication in recent years. Many individuals have rediscovered the joy of putting pen to paper, as it allows for a more tactile and personal connection with their thoughts and ideas. This trend has increased demand for pens that provide a smooth writing experience. Secondly, the pandemic played a role in this surge. With more people working and studying from home, there was a desire to create dedicated and aesthetically pleasing workspace environments. Pens symbolized sophistication and professionalism, especially those with stylish designs and premium materials. People began to invest in pens that write well and complement their homes and offices. Lastly, the pen market has witnessed innovation in product offerings. Manufacturers have introduced a variety of specialized pens, such as ergonomic designs for comfort during long writing sessions, eco-friendly options made from sustainable materials, and pens with unique ink formulations. These innovations have attracted consumers looking for pens that cater to their specific needs and values, further driving the market growth in the region. The increasing literacy rate and education sector in the US also contribute to the North America pens market growth in North America. As per the United States Census Bureau, the high school completion rate in the United States for people aged 25 and older increased from 87.6% in 2011 to 91.1% in 2021. Also, the percentage of the population aged 25 and older with associate degrees rose from 9.5% to 10.5% between 2011 and 2021. This percentage surge ultimately led to increased demand for pens in the region. There is a surge in demand for stationery products, such as pens, in countries such as Canada and Mexico due to various reasons, such as growing interest in creative activities such as journaling, crafting, and drawing and the rise of e-commerce platforms, which makes it easier for the consumer to select from a wide range of pens. All these factors positively influence the North America pens market.
North America Pens Market Revenue and Forecast to 2030 (US$ Million)
North America Pens Market Segmentation
The North America pens market is segmented based on category, product type, distribution channel, and country.
Based on category, the North America pens market is bifurcated into refillable and single-use. The refillable segment held a larger share in 2022.
By product type, the North America pens market is segmented into ballpoint, fountain, gel, and others. The ball point segment held the largest share in 2022.
By distribution channel, the North America pens market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The specialty stores segment held the largest share in 2022.
Based on country, the North America pens market is segmented into the US, Canada, and Mexico. The US dominated the North America pens market in 2022.
A T Cross Co LLC, C Josef Lamy GmbH, Flair Writing Industries Ltd, Grayson Tighe, Montblanc-Simplo GmbH, Pelikan International Corp, PILOT Corp, Sailor Pen Co Ltd, STAEDTLER Mars GmbH & Co KG, and The Parker Pen Co are some of the leading companies operating in the North America pens market.
Summary Info
| Industry: | |
|---|---|
| Pricing options: | |
| Geographical coverage: | |
| Year of Publication: |
According to the Research Team’ research, the North America pens market was valued at US$ 3,276.62 million in 2022 and is expected to reach US$ 3,775.81 million by 2030, registering a CAGR of 1.8% from 2022 to 2030. Growth of the education sector and customization and personalization are among the critical factors attributed to the North America pens market expansion.
The growth of the education sector has triggered a significant surge in the global demand for pens. This expansion is attributed primarily to the increasing emphasis on literacy and education, particularly in developing countries. As more students enroll in schools and universities, the need for pens as essential writing instruments has grown exponentially. This rise in demand has led to a more significant requirement for affordable, reliable, and easily accessible writing tools, further fueling the demand for pens worldwide. According to UNESCO, the number of tertiary students worldwide increased from 100 million in 2000 to 200 million in 2020. This surge in the number of students is positively influencing the pen market growth. In addition to traditional academic pursuits, the education sector has diversified into vocational and professional training programs. Students pursuing specialized courses in art, design, engineering, and architecture require specialized pens to meet their needs. Fine-tip pens for precise drawings, technical pens for architectural drafting, and other specialized writing instruments have become essential tools for these students. Consequently, this diversification has contributed to a more nuanced and varied market for pens, catering to various academic and professional requirements. The expansion of educational offerings further drives the global demand for pens. As educational institutions introduce new courses and programs, the need for writing instruments extends beyond traditional subjects. Pens are essential for students engaged in subjects such as social sciences, humanities, and natural sciences. Broadening educational horizons has ensured that pens remain indispensable tools for learners of all disciplines. The increasing importance of lifelong learning has also influenced the education sector. In a rapidly changing job market, individuals are seeking continuous skill development and education throughout their careers. This lifelong learning trend has led to sustained demand for pens as professionals engage in workshops, seminars, and online courses, often requiring writing instruments for note-taking and other tasks.
The fostering of creativity and critical thinking bolstered the demand for pens. Pens are used for brainstorming, sketching ideas, and problem-solving in traditional and modern educational settings. This cognitive aspect of pen usage ensures they remain valuable tools in educational environments, prioritizing innovation and critical thought.
On the contrary, rising digitalization hampers the growth North America pens market.
Based on category, the North America pens market is bifurcated into refillable and single-use. The refillable segment held 77.3% share of the North America pens market in 2022, amassing US$ 2,532.35 million. It is projected to garner US$ 2,937.52 million by 2030 to expand at 1.9% CAGR during 2022-2030.
By product type, the North America pens market is segmented into ballpoint, fountain, gel, and others. The ballpoint segment held 41.6% share of the North America pens market in 2022, amassing US$ 1,361.72 million. It is projected to garner US$ 1,618.04 million by 2030 to expand at 2.2% CAGR during 2022-2030.
By distribution channel, the North America pens market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The specialty stores segment held 40.6% share of the North America pens market in 2022, amassing US$ 1,329.41 million. It is projected to garner US$ 1,498.97 million by 2030 to expand at 1.5% CAGR during 2022-2030.
Based on country, the North America pens market is segmented into the US, Canada, and Mexico. The US held 75.6% share of North America pens market in 2022, amassing US$ 2,477.78 million. It is projected to garner US$ 2,827.53 million by 2030 to expand at 1.7% CAGR during 2022-2030.
Key players operating in the North America pens market are A T Cross Co LLC, C Josef Lamy GmbH, Flair Writing Industries Ltd, Grayson Tighe, Montblanc-Simplo GmbH, Pelikan International Corp, PILOT Corp, Sailor Pen Co Ltd, STAEDTLER Mars GmbH & Co KG, and The Parker Pen Co, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the North America pens market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the pens market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Pens Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.4 List of Vendors
5. North America Pens Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Growth of the Education Sector
5.1.1 Availability of Varieties and Styles
5.2 Market Restraints
5.2.1 Rising Digitalization
5.3 Market Opportunities
5.3.1 Eco-Friendly Pens
5.4 Future Trends
5.4.1 Customization and Personalization
5.5 Impact of Drivers and Restraints:
6. Pens Market – North America Market Analysis
6.1 North America Pens Market Revenue (US$ Million), 2020 – 2030
6.2 North America Pens Market Forecast and Analysis
7. North America Pens Market Analysis – Category
7.1 Refillable
7.1.1 Overview
7.1.2 Refillable Market Revenue and Forecast to 2030 (US$ Million)
7.2 Single-Use
7.2.1 Overview
7.2.2 Single-Use Market Revenue and Forecast to 2030 (US$ Million)
8. North America Pens Market Analysis – Product Type
8.1 Ball Point
8.1.1 Overview
8.1.2 Ball Point Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Fountain
8.2.1 Overview
8.2.2 Fountain Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Gel
8.3.1 Overview
8.3.2 Gel Market Revenue, and Forecast to 2030 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
9. North America Pens Market Analysis – Distribution Channel
9.1 Supermarkets and Hypermarkets
9.1.1 Overview
9.1.2 Supermarkets and Hypermarkets Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Specialty Stores
9.2.1 Overview
9.2.2 Specialty Stores Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Online Retail
9.3.1 Overview
9.3.2 Online Retail Market Revenue, and Forecast to 2030 (US$ Million)
9.4 Others
9.4.1 Overview
9.4.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
10. North America Pens Market – Country Analysis
10.1.1 North America Pens Market Revenue and Forecasts and Analysis – By Countries
10.1.1.1 North America Pens Market Breakdown by Country
10.1.1.2 US: North America Pens Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.2.1 US: North America Pens Market Breakdown by Category
10.1.1.2.2 US: North America Pens Market Breakdown by Product Type
10.1.1.2.3 US: North America Pens Market Breakdown by Distribution Channel
10.1.1.3 Canada: North America Pens Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.3.1 Canada: North America Pens Market Breakdown by Category
10.1.1.3.2 Canada: North America Pens Market Breakdown by Product Type
10.1.1.3.3 Canada: North America Pens Market Breakdown by Distribution Channel
10.1.1.4 Mexico: North America Pens Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.4.1 Mexico: North America Pens Market Breakdown by Category
10.1.1.4.2 Mexico: North America Pens Market Breakdown by Product Type
10.1.1.4.3 Mexico: North America Pens Market Breakdown by Distribution Channel
11. Competitive Landscape
11.1 Heat Map Analysis By Key Players
11.2 Company Positioning & Concentration
12. Company Profiles
12.1 Grayson Tighe
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Flair Writing Industries Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 PILOT Corp
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Sailor Pen Co Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 STAEDTLER Mars GmbH & Co KG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 C Josef Lamy GmbH
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 The Parker Pen Co
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Pelikan International Corp
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 A T Cross Co LLC
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Montblanc-Simplo GmbH
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
LIST OF TABLES
Table 1. North America Pens Market Segmentation
Table 2. List of Raw Material Suppliers in Value Chain:
Table 3. List of Retailers
Table 4. North America Pens Market Revenue and Forecasts To 2030 (US$ Million)
Table 5. North America Pens Market Revenue and Forecasts to 2030 (US$ Million) – Category
Table 6. North America Pens Market Revenue and Forecasts to 2030 (US$ Million) – Product Type
Table 7. North America Pens Market Revenue and Forecasts to 2030 (US$ Million) – Distribution Channel
Table 8. US: North America Pens Market Revenue and Forecasts to 2030 (US$ Million) – By Category
Table 9. US: North America Pens Market Revenue and Forecasts to 2030 (US$ Million) – By Product Type
Table 10. US: North America Pens Market Revenue and Forecasts to 2030 (US$ Million) – By Distribution Channel
Table 11. Canada: North America Pens Market Revenue and Forecasts to 2030 (US$ Million) – By Category
Table 12. Canada: North America Pens Market Revenue and Forecasts to 2030 (US$ Million) – By Product Type
Table 13. Canada: North America Pens Market Revenue and Forecasts to 2030 (US$ Million) – By Distribution Channel
Table 14. Mexico: North America Pens Market Revenue and Forecasts to 2030 (US$ Million) – By Category
Table 15. Mexico: North America Pens Market Revenue and Forecasts to 2030 (US$ Million) – By Product Type
Table 16. Mexico: North America Pens Market Revenue and Forecasts to 2030 (US$ Million) – By Distribution Channel
Table 17. Heat Map Analysis By Key Players
LIST OF FIGURES
Figure 1. North America Pens Market Segmentation, By Country
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem: North America Pens Market
Figure 4. North America Pens Market – Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. North America Pens Market Revenue (US$ Million), 2020 – 2030
Figure 7. North America Pens Market Share (%) – Category, 2022 and 2030
Figure 8. Refillable Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Single-Use Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. North America Pens Market Share (%) -Product Type, 2022 and 2030
Figure 11. Ball Point Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Fountain Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Gel Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. North America Pens Market Share (%) -Distribution Channel, 2022 and 2030
Figure 16. Supermarkets and Hypermarkets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Specialty Stores Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Online Retail Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. North America Pens Market Breakdown by Key Countries – Revenue (2022) (US$ Million)
Figure 21. North America North America Pens Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 22. US: North America Pens Market Revenue and Forecasts To 2030 (US$ Million)
Figure 23. Canada: North America Pens Market Revenue and Forecasts To 2030 (US$ Million)
Figure 24. Mexico: North America Pens Market Revenue and Forecasts To 2030 (US$ Million)
Figure 25. Company Positioning & Concentration
The List of Companies – North America Pens Market
1. A T Cross Co LLC
2. C Josef Lamy GmbH
3. Flair Writing Industries Ltd
4. Grayson Tighe
5. Montblanc-Simplo GmbH
6. Pelikan International Corp
7. PILOT Corp
8. Sailor Pen Co Ltd
9. STAEDTLER Mars GmbH & Co KG
10. The Parker Pen Co
You must be logged in to post a review.
Reviews
There are no reviews yet.