DUBLIN, October 4, 2017 /PRNewswire/ --
The "Global Luxury Pen Market 2017-2021" report has been added to Research and Markets' offering.
The report forecasts the global luxury pen market to grow at a CAGR of 3.90% during the period 2017-2021.
The report, Global Luxury Pen Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is the emergence of online retailers. The increase in Internet penetration along with easy access to computers, mobiles, and tablets have fueled the growth of the e-commerce sector. This has benefitted online retailers of luxury pens. The global luxury pen market continues to benefit from the increasing presence of online retailers such as Amazon.com and Office Depot.
According to the report, one of the major drivers for this market is the innovation in product design and feature. The innovation and integration in product design and feature of luxury pens make them premium-priced products. Many vendors offer luxury pens that have innovative and customizable features. Hence, they were priced higher than normal pens. This is expected to drive the market during the forecast period. Some of the vendors are also launching limited-edition luxury pens.
Further, the report states that one of the major factors hindering the growth of this market is the increase in availability of counterfeit products. The high availability of counterfeit luxury pens produced by local brands and other manufacturers of counterfeit products is hindering the growth of the market. This is because they are priced lower than the original products. However, counterfeit products lack quality and are preferred by consumers of the low-income segment. This consequently leads to the failure of vendors to achieve the optimal market penetration.
- T. Cross Company
- Josef Lamy
- Elmo & Montegrappa
- Montblanc International
- Newell Brands
- S.T. Dupont
Other prominent vendors
- Grayson Tighe
- Pelikan Group
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Product
Part 07: Market Segmentation By Distribution Channel
Part 08: Geographical Segmentation
Part 09: Key Leading Countries
Part 10: Decision Framework
Part 11: Drivers And Challenges
Part 12: Market Trends
Part 13: Vendor Landscape
Part 14: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/99shp5/global_luxury_pen
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SOURCE Research and Markets