UK markets close in 7 hours 24 minutes
  • FTSE 100

    7,539.36
    -2.49 (-0.03%)
     
  • FTSE 250

    20,022.06
    -114.59 (-0.57%)
     
  • AIM

    921.85
    -2.71 (-0.29%)
     
  • GBP/EUR

    1.1795
    -0.0027 (-0.23%)
     
  • GBP/USD

    1.1898
    -0.0035 (-0.29%)
     
  • BTC-GBP

    18,414.14
    -1,363.27 (-6.89%)
     
  • CMC Crypto 200

    519.86
    -37.87 (-6.79%)
     
  • S&P 500

    4,283.74
    +9.70 (+0.23%)
     
  • DOW

    33,999.04
    +18.72 (+0.06%)
     
  • CRUDE OIL

    90.08
    -0.42 (-0.46%)
     
  • GOLD FUTURES

    1,767.30
    -3.90 (-0.22%)
     
  • NIKKEI 225

    28,930.33
    -11.81 (-0.04%)
     
  • HANG SENG

    19,775.63
    +11.72 (+0.06%)
     
  • DAX

    13,632.79
    -64.62 (-0.47%)
     
  • CAC 40

    6,537.65
    -19.75 (-0.30%)
     

Global Luxury Pens Market to Reach $3.29 Billion by 2028

·2-min read
Company Logo
Company Logo

Global Luxury Pens Market Forecast

Global Luxury Pens Market Forecast
Global Luxury Pens Market Forecast

Dublin, Aug. 01, 2022 (GLOBE NEWSWIRE) -- The "Global Luxury Pens Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Ball Point Pens, Fountain Pens, Roller Ball Pens, Multifunctional Pens and Others) and Distribution Channel" report has been added to ResearchAndMarkets.com's offering.

The global luxury pens market was valued at US$ 2,251.10 million in 2020 and is projected to reach US$ 3,287.53 million by 2028; it is expected to grow at a CAGR of 5.0% from 2021 to 2028.

Based on distribution channel, the luxury pens market is segmented into hypermarkets and supermarkets, specialty stores, online retail, and others. In 2020, the specialty stores segment dominated the luxury pens market.

Geographically, the luxury pens market is segmented into North America, Europe, Asia Pacific (APAC), South and Central America (SAM), and the Middle East & Africa (MEA). Europe is considered to be one of the lucrative regions for the luxury pens market, owing to the rising focus on luxury writing products.

The region is expected to be the fastest-growing region over the forecast period. The countries in the region have witnessed an increase in demand for luxury pens because of strong economic growth, along with an inclination toward a high standard of living. The region encompasses ample opportunities for the growth of the market attributable to the rising brand consciousness, along with increasing expenditure toward research and development activities. This, in turn, is expected to diversify the application base of luxury pens, thereby leading to market growth.

Market Dynamics

Market Drivers

  • Growing Consumer Interest Toward Luxury Writing Products

  • Rising Brand Consciousness Related to Luxury Pens

Market Restraints

  • Rise in Focus on Digitization and High Operational Costs

Market Opportunities

  • Growing Demand for Luxury Pens for Gifting Purposes

Future Trends

  • Significant Investment in Product Innovation and Development

Key Topics Covered:

1. Introduction

2. Key Takeaways

3. Research Methodology

4. Luxury Pens Market Landscape

5. Luxury Pens Market - Key Market Dynamics

6. Luxury Pens - Global Market Analysis

7. Global Luxury Pen Market Analysis - By Product Type

8. Global Luxury Pen Market Analysis - By Distribution Channel

9. Luxury Pens Market - Geographic Analysis

10. Company Profiles

11. Appendix

Companies Mentioned

  • A. T. Cross Co. LLC

  • Caran D'ache

  • Faber-Castell

  • Grayson Tighe

  • Hugo Boss

  • Jack Row

  • Montblanc

  • Conklin Pens

  • Fisher Space Pen

  • Bentley Motors

For more information about this report visit https://www.researchandmarkets.com/r/hvyppp

Attachment

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting