|Last Quarterly Update:||3/27/2017|
|SIC Codes:||3579, 3951, 3952, 3953|
|Industry Overview||Trends & Challenges||Industry Forecast|
|Quarterly Industry Update||Call Prep Questions||Website & Media Links|
|Business Challenges||Financial Information||Glossary & Acronyms|
Companies in this industry manufacture office, school, and art supplies, excluding paper products. Major companies include ACCO Brands, AT Cross, Crayola, Dixon Ticonderoga, Pentel, and Sargent Art (all based in the US), as well as Bic (France), PILOT (Japan), and Germany's Montblanc International, STAEDTLER Mars, and Faber-Castell.
The global writing and marking instruments market is projected to reach $17.5 billion by 2020, according to Global Industry Analysts. Areas where populations and literacy rates are rising, such as the Asia/Pacific region, Latin America, and the Middle East, are expected to drive growth.
The US office, school, and art manufacturing industry includes about 520 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $3 billion.
Demand is driven by white-collar employment and educational enrollment levels, as well as the growth of small businesses and home offices. The profitability of individual companies depends on efficient operations and effective marketing. Larger manufacturers may benefit from strong relationships with larger retailers and better brand recognition. Smaller operators tend to compete through specialized products and superior craftsmanship. The US industry is highly concentrated: the 50 largest firms generate about 85% of sales.
Competition from mass merchandisers and online retailers impacting office supply retailers is putting downward pressure on prices paid to manufacturers of office, school, and art supplies. Retailers' private-label brands, often sourced directly from foreign suppliers, compete with manufacturers' branded goods. ...
Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?Learn More About Subscription Options