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Middle East and Africa Luxury Pens Market

2021

Middle East and Africa Luxury Pens Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Ball Point Pens, Fountain Pens, Roller Ball Pens, Multifunctional Pens, and Others) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, and Online Retail and Others)

Publication Month: Oct 2021 | Report Code: TIPRE00025124 | No. of Pages: 100 | Category: Consumer Goods | Status: Published

Market Insights

Middle East and Africa Luxury Pens Market to Grow at a CAGR of 4.5% to reach US$ 198.96 million Million from 2021 to 2028

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The Middle East and Africa luxury pens market is expected to grow from US$ 145.91 million in 2021 to US$ 198.96 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028.


Luxury pen is a type of premium product which exhibits unique features and are 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 elite class group as 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 increase in disposable income and growing investment in luxury writing instrument is primarily driving the demand of luxury pen market. Additionally, the manufacturers are strategically investing in product development by modifying the luxury pen nib with platinum and other expensive metals. It is expected to provide impetus to market growth.

In Middle East and Africa, South Africa has reported a huge number of COVID-19 cases, which led to the discontinuation of several business operations, including luxury pens manufacturing. The shuttering of office, schools, and colleges during the pandemic period, along with significant fall in the production of luxury stationery items, has severely impacted the demand for luxury pens in Middle East and Africa. However, as the economies are planning to revive their operations, the demand for luxury pens is expected to rise in the region. However, the focus over just-in-time production is another concerning factor hindering the market growth. In addition to the increasing literacy rates in emerging countries, the growing prominence of luxury fountain pens and significant investment by prominent manufacturers in new product launch would continue to boost the growth for the luxury pens market in Middle East and Africa in the coming years.

With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East and Africa luxury pens market. Manufacturers such as Montblanc International have strategically shifted their attention toward royalty and luxury in writing to follow the changing dynamics of the market and capture a better position in the luxury pens market. For instance, Montblanc positioned its fountain pens under luxury goods by introducing luxury appeals, along with providing a guarantee for greater quality and focusing on sustainable innovations. Similarly, in 2017, the company launched a collection of writing instruments to pay tribute to Johannes Kepler, a mathematician, astronomer, and astrologer. The luxury pens feature four styles of the pen, each incorporated with fine detailing. The pens focus on capturing the beauty of the Milky Way by utilizing 5,294 blue sapphires and 570 pavé diamonds on the cap and barrel of the fountain pen. In 2016, Rhode Island-based pen maker A. T. Cross launched the limited edition of 1,977 pens inspired by characters from the movies Star Wars for Star Wars fans.

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Middle East and Africa Luxury Pens Market Segmentation


Middle East and Africa Luxury Pens Market – By Product Type


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

Middle East and Africa Luxury Pens Market – By Distribution Channel


  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online Retail
  • Others

Middle East and Africa Luxury Pens Market – By Country


  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

3.2.7 Country level data:

3.2.8 Assumptions:

4. Middle East and Africa Luxury Pens Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.3 Expert Opinions

5. Luxury Pens Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Shifting Preference Towards Luxury Writing Products

5.1.2 Increasing Brand Consciousness Pertaining to Luxury Pens

5.2 Market Restraints

5.2.1 Rise in Focus on Digitization and High Operational Costs

5.3 Market Opportunities

5.3.1 Heightening Demand for Luxury Pens for the Purpose of Gifting

5.4 Future Trends

5.4.1 Significant Investment in the Development of Innovative Products

5.5 Impact Analysis of Drivers and Restraints

6. Luxury Pens – Middle East and Africa Market Analysis

6.1 Luxury Pens Market Overview

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

7. Middle East and Africa Luxury Pen Market Analysis – By Product Type

7.1 Overview

7.2 Middle East and Africa Luxury Pen Market Breakdown, by Product Type, 2020 & 2028

7.3 Ball Point Pens

7.3.1 Overview

7.3.2 Ball Point Pens: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Fountain Pens

7.4.1 Overview

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

7.5 Roller Ball Pens

7.5.1 Overview

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

7.6 Multifunctional Pens and Others

7.6.1 Overview

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

8. Middle East and Africa Luxury Pen Market Analysis – By Distribution Channel

8.1 Overview

8.2 Middle East and Africa Luxury Pen Market Breakdown, by Distribution Channel, 2020 & 2028

8.3 Supermarkets and Hypermarkets

8.3.1 Overview

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

8.4 Specialty Stores

8.4.1 Overview

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

8.5 Online Retail and Others

8.5.1 Overview

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

9. Middle East and Africa Luxury Pens Market – Country Analysis

9.1 Middle East and Africa: Luxury Pens Market

9.1.1 Middle East and Africa: Luxury Pens Market, by Key Country

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

9.1.1.1.1 South Africa: Luxury Pens Market, by Product Type

9.1.1.1.2 South Africa: Luxury Pens Market, by Distribution Channel

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

9.1.1.2.1 Saudi Arabia: Luxury Pens Market, by Product Type

9.1.1.2.2 Saudi Arabia: Luxury Pens Market, by Distribution Channel

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

9.1.1.3.1 UAE: Luxury Pens Market, by Product Type

9.1.1.3.2 UAE: Luxury Pens Market, by Distribution Channel

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

9.1.1.4.1 Rest of Middle East and Africa: Luxury Pens Market, by Product Type

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

10. Overview – Impact of COVID-19 on Middle East and Africa Luxury Pens Market

10.1 Impact of COVID-19 on Luxury Pens Market

10.2 Middle East & Africa: Impact Assessment of COVID-19 Pandemic

11. Company Profiles

11.1 A. T. Cross Co. LLC.

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 Faber-Castell

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 HUGO BOSS

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 Montblanc International

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 Fisher Space Pen

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 Bentley Motors

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 Waterman

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Glossary

LIST OF TABLES

Table 1. Middle East and Africa: Luxury Pens Market –Revenue and Forecast to 2028 (US$ Million)

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

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

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

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

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

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

Table 8. Rest of Middle East and Africa Luxury Pen Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 9. Rest of Middle East and Africa Luxury Pen Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 10. Glossary of Terms, Middle East and Africa Luxury Pens Market

LIST OF FIGURES

Figure 1. Luxury Pens Market Segmentation

Figure 2. Luxury Pens Market Segmentation – By Country

Figure 3. Middle East and Africa Luxury Pens Market Overview

Figure 4. Ball Point Pens Segment is Dominating the Middle East and Africa Luxury Pens Market

Figure 5. UAE Held Largest Share of Middle East and Africa Luxury Pens Market

Figure 6. Middle East and Africa Luxury Pens Market, Industry Landscape

Figure 7. Middle East & Africa: PEST Analysis

Figure 8. Expert Opinion

Figure 9. Luxury Pens Market Impact Analysis of Drivers and Restraints

Figure 10. Middle East and Africa: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11. Middle East and Africa Luxury Pen Market Breakdown, by Product Type, 2020 & 2028

Figure 12. Ball Point Pens: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13. Fountain Pens: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million)

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

Figure 15. Multifunctional Pens and Others: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. Middle East and Africa Luxury Pen Market Breakdown, by Distribution Channel, 2020 & 2028

Figure 17. Supermarkets and Hypermarkets: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. Specialty Stores: Luxury Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. Online Retail and Others: Luxury Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. Middle East and Africa: Luxury Pens Market, by Key Country – Revenue (2020) (USD Million)

Figure 21. Middle East and Africa: Luxury Pens Market Revenue Share, by Key Country (2020 and 2028)

Figure 22. South Africa: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. Saudi Arabia: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. UAE: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. Rest of Middle East and Africa: Luxury Pens Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. Impact of COVID-19 Pandemic in Middle East & Africa
  1. A. T. Cross Co. LLC.
  2. Faber-Castell
  3. HUGO BOSS
  4. Montblanc International
  5. Fisher Space Pen
  6. Bentley Motors
  7. Waterman
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East and Africa luxury pens market.
  • 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 Middle East and Africa luxury pens market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Middle East and Africa market trends and outlook coupled with the factors driving the Middle East and Africa luxury pens market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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