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Luxury Pen Market

2021

Luxury Pen Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Fountain pens, Ballpoint pens, Rollerball pens, Fineliner pens, Others) and Geography

Publication Month: Aug 2021 | Report Code: TIPRE00018245 | No. of Pages: 124 | Category: Consumer Goods | Status: Published

Market Insights

Luxury Pens Market to Grow at a CAGR of 5.0% to reach US$ 3,287.53 Million from 2020 to 2028

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The 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.

A luxury pen is a type of premium product, which possesses unique features and is customizable as per customer preferences. Such pens are designed to provide better quality and comfort, along with adding to royalty as an added aesthetic. Luxury Pens are categorized as premium products, essentially used by the elite class group as a piece of status symbol. They are also treated as precious gifts to commemorate a special occasion or achievement. The shift in consumer lifestyle backed by the increase in disposable income and rise in investment in luxury writing instruments is primarily driving the demand for luxury pens. Additionally, the manufacturers are strategically investing in product development by modifying the luxury pen nibs with platinum and other expensive metals. It is expected to provide impetus to market growth.

In 2020, Europe contributed to the largest share in the global luxury pens market. The dominance of the luxury pens market in this region is primarily attributable to the presence of a strong industrial base with the presence of prominent manufacturers, which are significantly contributing to new product launches and development. In Europe, the demand for luxury pens is increasing, mainly, due to the high standard of living backed by a rise in disposable income. At present, owning a luxury pen is considered a status symbol among the elite class in the region.

As of August 2021, India, Brazil, Russia, the US, the UK, France, Spain, Italy, Turkey, Germany, Colombia, and Argentina are among the worst-affected countries in terms of confirmed cases and deaths due to COVID-19. The pandemic has affected economies and industries in various countries due to lockdowns, travel restrictions, and business shutdowns. The consumer goods industry is one of the major industries that has suffered due to disruptions in the supply chain. The shutdown of various manufacturing plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has hampered the global supply chain and manufacturing processes, delivery schedules, and product sales. In addition, global travel restrictions imposed by countries in Europe, Asia, and North America are affecting business collaboration and partnership opportunities. Along with this, due to the pandemic, the consumers are focused on consuming essential goods and have decreased their spending on luxurious goods. The decrease in spending on luxurious items will have a negative impact on the luxurious pens market.

Global Luxury Pens Market, by Region – 2020

Global Luxury Pens Market, by Region – 2020

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Market Insights

Growing Consumer Interest Toward Luxury Writing Products

Luxury pen are designed to provide better quality and comfort, along with adding to royalty as an added aesthetic. The demand for luxury pens is rising with the shift in lifestyle patterns backed by the rise in disposable income in the developed countries. At present, owning a luxury pen is considered a status symbol, especially among the elite class. Additionally, the look and attractiveness associated with a luxury pen help to convey a royal appeal. Companies specializing in luxury pens are focused on luring people with their designer finish and high-end quality. In the current era, the focus has been shifted toward authenticity mixed with craftsmanship, which is effectively promoting the demand for luxury pens. The operating players can connect with the emotion attached to luxury pens and have effectively placed their product to capture particular consumer demand. For instance, in 2015, Krone International developed the Abraham Lincoln pen under its limited edition which aims to capture Lincoln's "genetic essence." The company claimed to use authenticated strands of Lincoln's hair by reproducing Lincoln's DNA and embedding it in the crystallized form, in the amethyst stone of each of the 1,008 pens. Similarly, an article published by Chicago Tribune in January 2016 stated that A.T. Cross Company marketing officer Magnus Jonsson always tucks an A.T. Cross pen between two buttons on his shirt. The pen is embarked with 14-karat-gold and acts as a statement piece to start a conversation. The company states that with the growth of the world economy, the investment would be made in consumers and corporate gifts, which is expected to provide an impetus for the luxury writing instrument category. This is expected to proliferate the growth of the luxury pens market.

Product Type Insights

Based on product type, the luxury pens market is segmented into ball point pens, fountain pens, roller ball pens, multifunctional pens, and others. In 2020, the ball point pens segment dominated the global luxury pens market. A ball point pen—also known as biro, ball point, or even a dot pen—is a pen that dispenses ink over a metal ball at its point, that is, over a ball point. The luxury ballpoint pen is considered pretty popular and can be convenient to use. Some ball point pens have replaceable refills and twist or click-top action, which makes them easy to use. Additionally, these pens are significantly used for notetaking, as well as creative writing.

Luxury Pens Market, by Type – 2020 and 2028

Luxury Pens Market, by Type – 2020 and 2028

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Strategic Insights

The key market players operating in the luxury pens market include A. T. Cross Co. LLC.; Caran D'ache; Faber-Castell; Grayson Tighe; Hugo Boss; Jack Row; Montblanc; Conklin Pens; Fisher Space Pen; and Bentley Motors. Major players in the market are focusing on strategies such as mergers and acquisitions and product launches to expand the geographic presence and consumer base.

Report Spotlights

  • Progressive trends in the luxury pens industry to help players develop effective long-term strategies
  • Business growth strategies adopted by companies to secure growth in developed and developing markets
  • Quantitative analysis of the global luxury pens market from 2019 to 2028
  • Estimation of the demand for luxury pens across various industries
  • Porter analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
  • Recent developments to understand the competitive market scenario and the demand for luxury pens
  • Market trends and outlook coupled with factors driving and restraining the growth of the luxury pens market
  • Understanding regarding the strategies that underpin commercial interest with regard to global luxury pens market growth, aiding in the decision-making process
  • Luxury pens market size at various nodes of market
  • Detailed overview and segmentation of the global luxury pens market as well as its industry dynamics
  • Luxury pens market size in various regions with promising growth opportunities

Luxury Pens Market, by Product Type

  • Ball Point Pens
  • Fountain Pens
  • Roller Ball Pens
  • Multifunctional Pens and Others

Luxury Pens Market, by Distribution Channel

  • Hypermarket and Supermarket
  • Specialty Stores
  • Online Retail and Others

Company Profiles

  • A. T. Cross Co. LLC.
  • Caran D'ache
  • Faber-Castell
  • Grayson Tighe
  • Hugo Boss
  • Jack Row
  • Montblanc
  • Conklin Pens
  • Fisher Space Pen
  • Bentley Motors

1. Introduction. 18

1.1 Study Scope. 18

1.2 The Insight Partners Research Report Guidance. 18

1.3 Market Segmentation. 19

2. Key Takeaways. 21

3. Research Methodology. 25

3.1 Scope of the Study. 25

3.2 Research Methodology. 25

3.2.1 Data Collection: 26

3.2.2 Primary Interviews: 26

3.2.3 Hypothesis formulation: 27

3.2.4 Macro-economic factor analysis: 27

3.2.5 Developing base number: 27

3.2.6 Data Triangulation: 27

3.2.7 Country level data: 28

3.2.8 Assumptions: 28

4. Luxury Pens Market Landscape. 29

4.1 Market Overview. 29

4.2 PEST Analysis. 30

4.2.1 North America. 30

4.2.2 Europe. 30

4.2.3 Asia Pacific. 31

4.2.4 Middle East & Africa. 31

4.2.5 South & Central America. 32

4.3 Expert Opinions. 32

5. Luxury Pens Market – Key Market Dynamics. 33

5.1 Market Drivers. 33

5.1.1 Growing Consumer Interest Toward Luxury Writing Products. 33

5.1.2 Rising Brand Consciousness Related to Luxury Pens. 33

5.2 Market Restraints. 34

5.2.1 Rise in Focus on Digitization and High Operational Costs. 34

5.3 Market Opportunities. 34

5.3.1 Growing Demand for Luxury Pens for Gifting Purposes. 34

5.4 Future Trends. 35

5.4.1 Significant Investment in Product Innovation and Development 35

5.5 Impact Analysis of Drivers and Restraints. 35

6. Luxury Pens – Global Market Analysis. 36

6.1 Luxury Pens Market Overview. 36

6.2 Geographic Overview of Luxury Pens Market 36

6.3 Luxury Pens Market –Revenue and Forecast to 2028 (US$ Million) 36

6.4 Market Positioning – Global Market Players. 38

7. Global Luxury Pen Market Analysis – By Product Type. 39

7.1 Overview. 39

7.2 Global Luxury Pen Market Breakdown, by Product Type, 2020 & 2028. 39

7.3 Ball Point Pen. 40

7.3.1 Overview.. 40

7.3.2 Ball point Pen: Luxury Pen Market – Revenue and Forecast to 2028 (US$ Million) 40

7.4 Fountain Pen. 41

7.4.1 Overview.. 41

7.4.2 Fountain Pen: Luxury Pen Market – Revenue and Forecast to 2028 (US$ Million) 41

7.5 Roller Ball Pen. 42

7.5.1 Overview.. 42

7.5.2 Roller Ball Pen: Luxury Pen Market – Revenue and Forecast to 2028 (US$ Million) 42

7.6 Multifunctional Pens and Others. 43

7.6.1 Overview.. 43

7.6.2 Multifunctional Pens and Others: Luxury Pen Market – Revenue and Forecast to 2028 (US$ Million) 43

8. Global Luxury Pen Market Analysis – By Distribution Channel 44

8.1 Overview. 44

8.2 Global Luxury Pen Market Breakdown, by Distribution Channel, 2020 & 2028. 44

8.3 Supermarkets and Hypermarkets. 45

8.3.1 Overview.. 45

8.3.2 Supermarkets and Hypermarkets: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 45

8.4 Specialty Stores. 46

8.4.1 Overview.. 46

8.4.2 Specialty Stores: Luxury Pen Market – Revenue and Forecast to 2028 (US$ Million) 46

8.5 Online Retail and Others. 47

8.5.1 Overview.. 47

8.5.2 Online Retail and Others: Luxury Pen Market – Revenue and Forecast to 2028 (US$ Million) 47

9. Luxury Pens Market – Geographic Analysis. 48

9.1 Overview. 48

9.2 North America: Luxury Pens Market 49

9.2.1 North America: Luxury Pens Market –Revenue and Forecast to 2028 (US$ Million) 49

9.2.2 North America: Luxury Pens Market, By Product Type. 50

9.2.3 North America: Luxury Pens Market, by Distribution Channel 51

9.2.4 North America: Luxury Pens Market, by Key Country. 52

9.2.4.1 US: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 52

9.2.4.1.1 US: Luxury Pens Market, by Product Type. 53

9.2.4.1.2 US: Luxury Pens Market, by Distribution Channel 53

9.2.4.2 Canada: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 54

9.2.4.2.1 Canada: Luxury Pens Market, by Product Type. 54

9.2.4.2.2 Canada: Luxury Pens Market, by Distribution Channel 55

9.2.4.3 Mexico: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 55

9.2.4.3.1 Mexico: Luxury Pens Market, by Product Type. 56

9.2.4.3.2 Mexico: Luxury Pens Market, by Distribution Channel 56

9.3 Europe: Luxury Pens Market 57

9.3.1 Europe: Luxury Pens Market –Revenue and Forecast to 2028 (US$ Million) 57

9.3.2 Europe: Luxury Pens Market, By Product Type. 58

9.3.3 Europe: Luxury Pens Market, by Distribution Channel 58

9.3.4 Europe: Luxury Pens Market, by Key Country. 59

9.3.4.1 Germany: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 60

9.3.4.1.1 Germany: Luxury Pens Market, by Product Type. 61

9.3.4.1.2 Germany: Luxury Pens Market, by Distribution Channel 61

9.3.4.2 France: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 61

9.3.4.2.1 France: Luxury Pens Market, by Product Type. 62

9.3.4.2.2 France: Luxury Pens Market, by Distribution Channel 62

9.3.4.3 Italy: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 63

9.3.4.3.1 Italy: Luxury Pens Market, by Product Type. 63

9.3.4.3.2 Italy: Luxury Pens Market, by Distribution Channel 64

9.3.4.4 UK: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 64

9.3.4.4.1 UK: Luxury Pens Market, by Product Type. 65

9.3.4.4.2 UK: Luxury Pens Market, by Distribution Channel 65

9.3.4.5 Russia: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 66

9.3.4.5.1 Russia: Luxury Pens Market, by Product Type. 66

9.3.4.5.2 Russia: Luxury Pens Market, by Distribution Channel 67

9.3.4.6 Rest of Europe: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 67

9.3.4.6.1 Rest of Europe: Luxury Pens Market, by Product Type. 68

9.3.4.6.2 Rest of Europe: Luxury Pens Market, by Distribution Channel 68

9.4 Asia Pacific: Luxury Pens Market 69

9.4.1 Asia Pacific: Luxury Pens Market –Revenue and Forecast to 2028 (US$ Million) 70

9.4.2 Asia Pacific: Luxury Pens Market, By Product Type. 70

9.4.3 Asia Pacific: Luxury Pens Market, by Distribution Channel 71

9.4.4 Asia Pacific: Luxury Pens Market, by Key Country. 72

9.4.4.1 India: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 72

9.4.4.1.1 India: Luxury Pens Market, by Product Type. 73

9.4.4.1.2 India: Luxury Pens Market, by Distribution Channel 73

9.4.4.2 Australia: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 74

9.4.4.2.1 Australia: Luxury Pens Market, by Product Type. 74

9.4.4.2.2 Australia: Luxury Pens Market, by Distribution Channel 75

9.4.4.3 China: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 75

9.4.4.3.1 China: Luxury Pens Market, by Product Type. 76

9.4.4.3.2 China: Luxury Pens Market, by Distribution Channel 76

9.4.4.4 Japan: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 77

9.4.4.4.1 Japan: Luxury Pens Market, by Product Type. 77

9.4.4.4.2 Japan: Luxury Pens Market, by Distribution Channel 78

9.4.4.5 South Korea: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 78

9.4.4.5.1 South Korea: Luxury Pens Market, by Product Type. 79

9.4.4.5.2 South Korea: Luxury Pens Market, by Distribution Channel 79

9.4.4.6 Rest of Asia Pacific: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 79

9.4.4.6.1 Rest of Asia Pacific: Luxury Pens Market, by Product Type. 80

9.4.4.6.2 Rest of Asia Pacific: Luxury Pens Market, by Distribution Channel 80

9.5 South and Central America: Luxury Pens Market 81

9.5.1 South and Central America: Luxury Pens Market –Revenue and Forecast to 2028 (US$ Million) 81

9.5.2 South and Central America: Luxury Pens Market, By Product Type. 82

9.5.3 South and Central America: Luxury Pens Market, by Distribution Channel 83

9.5.4 South and Central America: Luxury Pens Market, by Key Country. 84

9.5.4.1 Brazil: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 84

9.5.4.1.1 Brazil: Luxury Pens Market, by Product Type. 85

9.5.4.1.2 Brazil: Luxury Pens Market, by Distribution Channel 85

9.5.4.2 Argentina: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 86

9.5.4.2.1 Argentina: Luxury Pens Market, by Product Type. 86

9.5.4.2.2 Argentina: Luxury Pens Market, by Distribution Channel 87

9.5.4.3 Rest of South and Central America: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 87

9.5.4.3.1 Rest of South and Central America: Luxury Pens Market, by Product Type. 88

9.5.4.3.2 Rest of South and Central America: Luxury Pens Market, by Distribution Channel 88

9.6 Middle East and Africa: Luxury Pens Market 89

9.6.1 Middle East and Africa: Luxury Pens Market –Revenue and Forecast to 2028 (US$ Million) 89

9.6.2 Middle East and Africa: Luxury Pens Market, By Product Type. 90

9.6.3 Middle East and Africa: Luxury Pens Market, by Distribution Channel 91

9.6.4 Middle East and Africa: Luxury Pens Market, by Key Country. 92

9.6.4.1 South Africa: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 92

9.6.4.1.1 South Africa: Luxury Pens Market, by Product Type. 93

9.6.4.1.2 South Africa: Luxury Pens Market, by Distribution Channel 93

9.6.4.2 Saudi Arabia: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 94

9.6.4.2.1 Saudi Arabia: Luxury Pens Market, by Product Type. 94

9.6.4.2.2 Saudi Arabia: Luxury Pens Market, by Distribution Channel 95

9.6.4.3 UAE: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 95

9.6.4.3.1 UAE: Luxury Pens Market, by Product Type. 96

9.6.4.3.2 UAE: Luxury Pens Market, by Distribution Channel 96

9.6.4.4 Rest of Middle East and Africa: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 97

9.6.4.4.1 Rest of Middle East and Africa: Luxury Pens Market, by Product Type. 97

9.6.4.4.2 Rest of Middle East and Africa: Luxury Pens Market, by Distribution Channel 98

10. Company Profiles. 99

10.1 A. T. Cross Co. LLC. 99

10.1.1 Key Facts. 99

10.1.2 Business Description. 99

10.1.3 Products and Services. 99

10.1.4 Financial Overview.. 99

10.1.5 SWOT Analysis. 100

10.1.6 Key Developments. 100

10.2 CARAN D'ACHE. 101

10.2.1 Key Facts. 101

10.2.2 Business Description. 101

10.2.3 Products and Services. 101

10.2.4 Financial Overview.. 101

10.2.5 SWOT Analysis. 102

10.2.6 Key Developments. 102

10.3 Faber-Castell 103

10.3.1 Key Facts. 103

10.3.2 Business Description. 103

10.3.3 Products and Services. 103

10.3.4 Financial Overview.. 103

10.3.5 SWOT Analysis. 104

10.3.6 Key Developments. 104

10.4 Grayson Tighe. 105

10.4.1 Key Facts. 105

10.4.2 Business Description. 105

10.4.3 Products and Services. 105

10.4.4 Financial Overview.. 105

10.4.5 SWOT Analysis. 106

10.4.6 Key Developments. 106

10.5 HUGO BOSS. 107

10.5.1 Key Facts. 107

10.5.2 Business Description. 107

10.5.3 Products and Services. 107

10.5.4 Financial Overview.. 108

10.5.5 SWOT Analysis. 109

10.5.6 Key Developments. 109

10.6 Jack Row. 110

10.6.1 Key Facts. 110

10.6.2 Business Description. 110

10.6.3 Products and Services. 110

10.6.4 Financial Overview.. 111

10.6.5 SWOT Analysis. 111

10.6.6 Key Developments. 111

10.7 Montblanc. 112

10.7.1 Key Facts. 112

10.7.2 Business Description. 112

10.7.3 Products and Services. 112

10.7.4 Financial Overview.. 112

10.7.5 SWOT Analysis. 113

10.7.6 Key Developments. 113

10.8 Conklin Pens. 114

10.8.1 Key Facts. 114

10.8.2 Business Description. 114

10.8.3 Products and Services. 114

10.8.4 Financial Overview.. 115

10.8.5 SWOT Analysis. 116

10.8.6 Key Developments. 116

10.9 Fisher Space Pen. 117

10.9.1 Key Facts. 117

10.9.2 Business Description. 117

10.9.3 Products and Services. 117

10.9.4 Financial Overview.. 118

10.9.5 SWOT Analysis. 119

10.9.6 Key Developments. 119

10.10 Bentley Motors. 120

10.10.1 Key Facts. 120

10.10.2 Business Description. 120

10.10.3 Products and Services. 120

10.10.4 Financial Overview.. 121

10.10.5 SWOT Analysis. 121

10.10.6 Key Developments. 121

10.11 Parker 122

10.11.1 Key Facts. 122

10.11.2 Business Description. 122

10.11.3 Products and Services. 122

10.11.4 Financial Overview.. 122

10.11.5 SWOT Analysis. 123

10.11.6 Key Developments. 123

10.12 Waterman. 124

10.12.1 Key Facts. 124

10.12.2 Business Description. 124

10.12.3 Products and Services. 124

10.12.4 Financial Overview.. 124

10.12.5 SWOT Analysis. 125

10.12.6 Key Developments. 125

11. Appendix. 126

11.1 About The Insight Partners. 126

11.2 Glossary

LIST OF TABLES

Table 1. Luxury Pens Market –Revenue and Forecast to 2028 (US$ Million) 37

Table 2. North America Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 51

Table 3. North America Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 51

Table 4. US Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 53

Table 5. US Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 53

Table 6. Canada Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 54

Table 7. Canada Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 55

Table 8. Mexico Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 56

Table 9. Mexico Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 56

Table 10. Europe Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 58

Table 11. Europe Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 59

Table 12. Germany Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 61

Table 13. Germany Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 61

Table 14. France Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 62

Table 15. France Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 62

Table 16. Italy Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 63

Table 17. Italy Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 64

Table 18. UK Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 65

Table 19. UK Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 65

Table 20. Russia Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 66

Table 21. Russia Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 67

Table 22. Rest of Europe Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 68

Table 23. Rest of Europe Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 68

Table 24. Asia Pacific Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 71

Table 25. Asia Pacific Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 71

Table 26. India Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 73

Table 27. India Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 73

Table 28. Australia Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 74

Table 29. Australia Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 75

Table 30. China Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 76

Table 31. China Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 76

Table 32. Japan Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 77

Table 33. Japan Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 78

Table 34. South Korea Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 79

Table 35. South Korea Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 79

Table 36. Rest of Asia Pacific Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 80

Table 37. Rest of Asia Pacific Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 80

Table 38. South and Central America Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 82

Table 39. South and Central America Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 83

Table 40. Brazil Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 85

Table 41. Brazil Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 85

Table 42. Argentina Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 86

Table 43. Argentina Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 87

Table 44. Rest of South and Central America Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 88

Table 45. Rest of South and Central America Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 88

Table 46. Middle East and Africa Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 90

Table 47. Middle East and Africa Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 91

Table 48. South Africa Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 93

Table 49. South Africa Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 93

Table 50. Saudi Arabia Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 94

Table 51. Saudi Arabia Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 95

Table 52. UAE Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 96

Table 53. UAE Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 96

Table 54. Rest of Middle East and Africa Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 97

Table 55. Rest of Middle East and Africa Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 98

Table 56. Glossary of Terms, Global Luxury Pens Market 126





. 126

LIST OF FIGURES

Figure 1. Luxury Pens Market Segmentation. 19

Figure 2. Luxury Pens Market Segmentation – By Geography. 20

Figure 3. Global Luxury Pens Market Overview. 21

Figure 4. Ball Point Pen Segment is Dominating the Global Luxury Pens Market 22

Figure 5. Europe Region Held Largest Share of Global Luxury Pens Market 23

Figure 6. Global Luxury Pens Market, Industry Landscape. 24

Figure 7. North America: PEST Analysis. 30

Figure 8. Europe: PEST Analysis. 30

Figure 9. Asia Pacific: PEST Analysis. 31

Figure 10. Middle East & Africa: PEST Analysis. 31

Figure 11. South & Central America: PEST Analysis. 32

Figure 12. Expert Opinion. 32

Figure 13. Luxury Pens Market Impact Analysis of Drivers and Restraints. 35

Figure 14. Global: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 37

Figure 15. Global Luxury Pen Market Breakdown, by Product Type, 2020 & 2028. 39

Figure 16. Ball point Pen: Luxury Pen Market – Revenue and Forecast to 2028 (US$ Million) 40

Figure 17. Fountain Pen: Luxury Pen Market – Revenue and Forecast to 2028 (US$ Million) 41

Figure 18. Roller Ball Pen: Luxury Pen Market – Revenue and Forecast to 2028 (US$ Million) 42

Figure 19. Multifunctional Pens and Others: Luxury Pen Market – Revenue and Forecast to 2028 (US$ Million) 43

Figure 20. Global Luxury Pen Market Breakdown, by Distribution Channel, 2020 & 2028. 44

Figure 21. Supermarkets and Hypermarkets: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 45

Figure 22. Specialty Stores: Luxury Pen Market – Revenue and Forecast to 2028 (US$ Million) 46

Figure 23. Online Retail and Others: Luxury Pen Market – Revenue and Forecast to 2028 (US$ Million) 47

Figure 24. Global Luxury Pens Market Revenue Share, by Region (2020 and 2028) 48

Figure 25. North America: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 49

Figure 26. North America: Luxury Pens Market Revenue Share, by Product Type (2020 and 2028) 50

Figure 27. North America: Luxury Pens Market Revenue Share, by Distribution Channel (2020 and 2028) 51

Figure 28. North America: Luxury Pens Market Revenue Share, by Key Country (2020 and 2028) 52

Figure 29. US: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 52

Figure 30. Canada: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 54

Figure 31. Mexico: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 55

Figure 32. Europe: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 57

Figure 33. Europe: Luxury Pens Market Revenue Share, by Product Type (2020 and 2028) 58

Figure 34. Europe: Luxury Pens Market Revenue Share, by Distribution Channel (2020 and 2028) 59

Figure 35. Europe: Luxury Pens Market Revenue Share, by Key Country (2020 and 2028) 59

Figure 36. Germany: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 60

Figure 37. France: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 61

Figure 38. Italy: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 63

Figure 39. UK: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 64

Figure 40. Russia: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 66

Figure 41. Rest of Europe: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 67

Figure 42. Asia Pacific: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 70

Figure 43. Asia Pacific: Luxury Pens Market Revenue Share, by Product Type (2020 and 2028) 70

Figure 44. Asia Pacific: Luxury Pens Market Revenue Share, by Distribution Channel (2020 and 2028) 71

Figure 45. Asia Pacific: Luxury Pens Market Revenue Share, by Key Country (2020 and 2028) 72

Figure 46. India: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 72

Figure 47. Australia: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 74

Figure 48. China: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 75

Figure 49. Japan: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 77

Figure 50. South Korea: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 78

Figure 51. Rest of Asia Pacific: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 79

Figure 52. South and Central America: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 81

Figure 53. South and Central America: Luxury Pens Market Revenue Share, by Product Type (2020 and 2028) 82

Figure 54. South and Central America: Luxury Pens Market Revenue Share, by Distribution Channel (2020 and 2028) 83

Figure 55. South and Central America: Luxury Pens Market Revenue Share, by Key Country (2020 and 2028) 84

Figure 56. Brazil: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 84

Figure 57. Argentina: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 86

Figure 58. Rest of South and Central America: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 87

Figure 59. Middle East and Africa: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 89

Figure 60. Middle East and Africa: Luxury Pens Market Revenue Share, by Product Type (2020 and 2028) 90

Figure 61. Middle East and Africa: Luxury Pens Market Revenue Share, by Distribution Channel (2020 and 2028) 91

Figure 62. Middle East and Africa: Luxury Pens Market Revenue Share, by Key Country (2020 and 2028) 92

Figure 63. South Africa: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 92

Figure 64. Saudi Arabia: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 94

Figure 65. UAE: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 95

Figure 66. Rest of Middle East and Africa: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million) 97

The List of Companies - Luxury Pens Market

  1. T. CROSS CO. LLC
  1. CARAN D'ACHE
  2. FABER-CASTELL
  3. GRAYSON TIGHE
  4. HUGO BOSS
  5. JACK ROW
  6. MONTBLANC
  7. CONKLIN PENS
  8. FISHER SPACE PEN
  9. BENTLEY MOTORS
  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the global luxury pens market, thereby allowing players to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest `with respect to products, segmentation and industry verticals.
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Frequently Asked Questions

The major players operating in the global luxury pens market are A. T. Cross Co. LLC; Caran D'ache; Faber-Castell; Grayson Tighe; Hugo Boss; Jack Row; Montblanc; Conklin Pens; Fisher Space Pen; Bentley Motors; Parker; Waterman among many others.

In 2020, Europe region is considered to be one of the lucrative regions in the luxury pens market attributable to rising focus towards 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 increasing demand for luxury pens because of strong economic growth along with inclination towards high standard of living. The region encompasses an ample amount of opportunities for the growth of the market attributable to the rising brand consciousness along with increasing expenditure towards research and development activities which are, altogether, expected to diversify the application base of luxury pens has also led to market growth. Further, the rapid development of manufacturing base backed by improved economic activities and better investment opportunities in new product development is also promoting the growth of luxury pens in regional market. An expansion of the corporate sector will also lead to an increase demand for such luxurious pen for gifting purposes. Additionally, the manufacturers specializing in the luxury pen are focused on luring people with their designer's finish look and high-end quality which will provide the consumers a sense of premium feeling while holding the pen.

In 2020, ball point pens segment dominated the global luxury pens market during the forecasted period. A ballpoint pen is also known as biro, ball point or even a dot pen, and is a pen which dispenses ink over a metal ball ai its point, that is, over a ball point. The luxury ballpoint pen is considered as pretty popular and can be conveniently uses. Some of the ball point have replaceable refills and twist or click-top action, which makes it easy to be used. Additionally, these pens are significantly used for notetaking as well as creative writing.

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