Electric Pencil Sharpener Market 2021-2031: Share and Forecast
The Electric Pencil Sharpener Market is expected to register a CAGR of 6% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The In-depth Insight on Electric Pencil Sharpener Industry covers detailed information related to market size (both fixed and floating), and market growth potential, supported by insights into the evolving design and function of products. Distribution and disruption channels will also be clearly displayed over different regions with a focus on the educational and office supply market. The report delves into diverse buyer characteristics and consumption trends alongside competitive scenarios and rivals’ business strategies. The analysis sheds light on the activity of local and international competitors aiming to advance the writing experience.
Purpose of the ReportThe report Electric Pencil Sharpener Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Electric Pencil Sharpener Market Segmentation
Type- Battery Operated
- Power Cord
- Combined
- Office
- Home
- School
Strategic Insights
Electric Pencil Sharpener Market Growth Drivers- Increasing Demand in Educational Institutions, Offices, and Home: a rising prevalence of remote education and work from home has also benefitted the market, as stationery tools for home and offices have gained popularity during the recent pandemic. Architectural and art firms also constitute another industrial base, utilizing high-end precision sharpeners that further boost the market in a professional setting. The key factor driving the market growth is a rise in the number of papers and continuous sheets coming into the market.
- Integration of child safety features: Manufacturers are providing such features such as auto-stop and child safety fatures, as well as dual power modes (battery and electric), this will translate more safety to the user, and therefore, more convenient to use.
- Rising Preference for Time-Saving Tools:The fast-paced lifestyle of today’s world has led to an increasing preference for time-saving tools. Electric pencil sharpeners save time compared to manual sharpeners, which require more effort and time to achieve the same results.
- Environmental Concerns: Environmental concerns will also be part of the trends moving forward. In response to consumer environmental concerns, govenmental policies and public interest, market players can expect interesting developments, such as companies who will shift the developement of sharpeners for the use of recyclable materials. Interestingly, developments that would allow consumers to use their sharpeners with a USB recharge, from a conventional power plug and cord, to mobile USB ports for mobile action.
- Advanced Technological Features: sensors on smart electric pencil sharpeners feature automatic jam detection as well as adjustment of the blade according to the class of the pencil, which optimises product performance.
- Battery-Operated Models: While many electric pencil sharpeners are plugged into the wall, there is an increasing demand for battery-operated models due to their portability and convenience.
- Demand for Premium products: The rising use of modern office products in schools and remote working spaces creates opportunities in the Electric Pencil Sharpener market. Demand for premium, highly precise sharpeners for art and designing industries creates an opening for manufacturers to innovate with specialist, higher-cost product lines.
- Emerging Markets: Growing demand in emerging markets in Asia-Pacific, where the educational infrastructure is expanding rapidly, offers significant growth opportunities for electric sharpeners.
- Corporate tie-ups with schools: companies can identify growth opportunities through corporate tie-ups with schools and corporate bodies to deliver bulk orders, exploiting economies of scale to gain client profitability. This section of the report demonstrates possible growth avenues/options for the companies to enable product customisation and marketing based on specific needs. By focusing on market opportunities companies can enlarge the existing market size and their outreach to new consumer segments.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Electric Pencil Sharpener Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Electric Pencil Sharpener Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
Key Players in this market are - Evergreen Art Supply, LINKYO, OfficeGoods, OfficePro, Pictek, Prismacolor, Royal, Staedtler, US Office Supply, X-Acto
The market is expected to register a CAGR of 6% during 2021-2031.
Continuous consumption of electric pencil sharpeners in schools and offices fuel the market growth. The demand for superior results with swiftness plays a significant role in raising productivity and ultimately drives market expansion.
A trend to multifunctional electric sharpeners, with several sharpening styles and residual safety can be met. At the same time, more ecologically-designed knife sharpeners are invented. Manufacturers pay attention to materials that do not harm to the environment, and energy-saving models are also welcomed.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Electric Pencil Sharpener Market - By Type
1.3.2 Electric Pencil Sharpener Market - By Application
1.3.3 Electric Pencil Sharpener Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ELECTRIC PENCIL SHARPENER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. ELECTRIC PENCIL SHARPENER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ELECTRIC PENCIL SHARPENER MARKET - GLOBAL MARKET ANALYSIS
6.1. ELECTRIC PENCIL SHARPENER - GLOBAL MARKET OVERVIEW
6.2. ELECTRIC PENCIL SHARPENER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ELECTRIC PENCIL SHARPENER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. BATTERY OPERATED
7.3.1. Overview
7.3.2. Battery Operated Market Forecast and Analysis
7.4. POWER CORD
7.4.1. Overview
7.4.2. Power Cord Market Forecast and Analysis
7.5. COMBINED
7.5.1. Overview
7.5.2. Combined Market Forecast and Analysis
8. ELECTRIC PENCIL SHARPENER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. OFFICE
8.3.1. Overview
8.3.2. Office Market Forecast and Analysis
8.4. HOME
8.4.1. Overview
8.4.2. Home Market Forecast and Analysis
8.5. SCHOOL
8.5.1. Overview
8.5.2. School Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. ELECTRIC PENCIL SHARPENER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Electric Pencil Sharpener Market Overview
9.1.2 North America Electric Pencil Sharpener Market Forecasts and Analysis
9.1.3 North America Electric Pencil Sharpener Market Forecasts and Analysis - By Type
9.1.4 North America Electric Pencil Sharpener Market Forecasts and Analysis - By Application
9.1.5 North America Electric Pencil Sharpener Market Forecasts and Analysis - By Countries
9.1.5.1 United States Electric Pencil Sharpener Market
9.1.5.1.1 United States Electric Pencil Sharpener Market by Type
9.1.5.1.2 United States Electric Pencil Sharpener Market by Application
9.1.5.2 Canada Electric Pencil Sharpener Market
9.1.5.2.1 Canada Electric Pencil Sharpener Market by Type
9.1.5.2.2 Canada Electric Pencil Sharpener Market by Application
9.1.5.3 Mexico Electric Pencil Sharpener Market
9.1.5.3.1 Mexico Electric Pencil Sharpener Market by Type
9.1.5.3.2 Mexico Electric Pencil Sharpener Market by Application
9.2. EUROPE
9.2.1 Europe Electric Pencil Sharpener Market Overview
9.2.2 Europe Electric Pencil Sharpener Market Forecasts and Analysis
9.2.3 Europe Electric Pencil Sharpener Market Forecasts and Analysis - By Type
9.2.4 Europe Electric Pencil Sharpener Market Forecasts and Analysis - By Application
9.2.5 Europe Electric Pencil Sharpener Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Electric Pencil Sharpener Market
9.2.5.1.1 Germany Electric Pencil Sharpener Market by Type
9.2.5.1.2 Germany Electric Pencil Sharpener Market by Application
9.2.5.2 France Electric Pencil Sharpener Market
9.2.5.2.1 France Electric Pencil Sharpener Market by Type
9.2.5.2.2 France Electric Pencil Sharpener Market by Application
9.2.5.3 Italy Electric Pencil Sharpener Market
9.2.5.3.1 Italy Electric Pencil Sharpener Market by Type
9.2.5.3.2 Italy Electric Pencil Sharpener Market by Application
9.2.5.4 United Kingdom Electric Pencil Sharpener Market
9.2.5.4.1 United Kingdom Electric Pencil Sharpener Market by Type
9.2.5.4.2 United Kingdom Electric Pencil Sharpener Market by Application
9.2.5.5 Russia Electric Pencil Sharpener Market
9.2.5.5.1 Russia Electric Pencil Sharpener Market by Type
9.2.5.5.2 Russia Electric Pencil Sharpener Market by Application
9.2.5.6 Rest of Europe Electric Pencil Sharpener Market
9.2.5.6.1 Rest of Europe Electric Pencil Sharpener Market by Type
9.2.5.6.2 Rest of Europe Electric Pencil Sharpener Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Electric Pencil Sharpener Market Overview
9.3.2 Asia-Pacific Electric Pencil Sharpener Market Forecasts and Analysis
9.3.3 Asia-Pacific Electric Pencil Sharpener Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Electric Pencil Sharpener Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Electric Pencil Sharpener Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Electric Pencil Sharpener Market
9.3.5.1.1 Australia Electric Pencil Sharpener Market by Type
9.3.5.1.2 Australia Electric Pencil Sharpener Market by Application
9.3.5.2 China Electric Pencil Sharpener Market
9.3.5.2.1 China Electric Pencil Sharpener Market by Type
9.3.5.2.2 China Electric Pencil Sharpener Market by Application
9.3.5.3 India Electric Pencil Sharpener Market
9.3.5.3.1 India Electric Pencil Sharpener Market by Type
9.3.5.3.2 India Electric Pencil Sharpener Market by Application
9.3.5.4 Japan Electric Pencil Sharpener Market
9.3.5.4.1 Japan Electric Pencil Sharpener Market by Type
9.3.5.4.2 Japan Electric Pencil Sharpener Market by Application
9.3.5.5 South Korea Electric Pencil Sharpener Market
9.3.5.5.1 South Korea Electric Pencil Sharpener Market by Type
9.3.5.5.2 South Korea Electric Pencil Sharpener Market by Application
9.3.5.6 Rest of Asia-Pacific Electric Pencil Sharpener Market
9.3.5.6.1 Rest of Asia-Pacific Electric Pencil Sharpener Market by Type
9.3.5.6.2 Rest of Asia-Pacific Electric Pencil Sharpener Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Electric Pencil Sharpener Market Overview
9.4.2 Middle East and Africa Electric Pencil Sharpener Market Forecasts and Analysis
9.4.3 Middle East and Africa Electric Pencil Sharpener Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Electric Pencil Sharpener Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Electric Pencil Sharpener Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Electric Pencil Sharpener Market
9.4.5.1.1 South Africa Electric Pencil Sharpener Market by Type
9.4.5.1.2 South Africa Electric Pencil Sharpener Market by Application
9.4.5.2 Saudi Arabia Electric Pencil Sharpener Market
9.4.5.2.1 Saudi Arabia Electric Pencil Sharpener Market by Type
9.4.5.2.2 Saudi Arabia Electric Pencil Sharpener Market by Application
9.4.5.3 U.A.E Electric Pencil Sharpener Market
9.4.5.3.1 U.A.E Electric Pencil Sharpener Market by Type
9.4.5.3.2 U.A.E Electric Pencil Sharpener Market by Application
9.4.5.4 Rest of Middle East and Africa Electric Pencil Sharpener Market
9.4.5.4.1 Rest of Middle East and Africa Electric Pencil Sharpener Market by Type
9.4.5.4.2 Rest of Middle East and Africa Electric Pencil Sharpener Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Electric Pencil Sharpener Market Overview
9.5.2 South and Central America Electric Pencil Sharpener Market Forecasts and Analysis
9.5.3 South and Central America Electric Pencil Sharpener Market Forecasts and Analysis - By Type
9.5.4 South and Central America Electric Pencil Sharpener Market Forecasts and Analysis - By Application
9.5.5 South and Central America Electric Pencil Sharpener Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Electric Pencil Sharpener Market
9.5.5.1.1 Brazil Electric Pencil Sharpener Market by Type
9.5.5.1.2 Brazil Electric Pencil Sharpener Market by Application
9.5.5.2 Argentina Electric Pencil Sharpener Market
9.5.5.2.1 Argentina Electric Pencil Sharpener Market by Type
9.5.5.2.2 Argentina Electric Pencil Sharpener Market by Application
9.5.5.3 Rest of South and Central America Electric Pencil Sharpener Market
9.5.5.3.1 Rest of South and Central America Electric Pencil Sharpener Market by Type
9.5.5.3.2 Rest of South and Central America Electric Pencil Sharpener Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ELECTRIC PENCIL SHARPENER MARKET, KEY COMPANY PROFILES
11.1. EVERGREEN ART SUPPLY
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. LINKYO
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. OFFICEGOODS
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. OFFICEPRO
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. PICTEK
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. PRISMACOLOR
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. ROYAL
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
11.8. STAEDTLER
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. US OFFICE SUPPLY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. X-ACTO
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Evergreen Art Supply
2. LINKYO
3. OfficeGoods
4. OfficePro
5. Pictek
6. Prismacolor
7. Royal
8. Staedtler
9. US Office Supply
10. X-Acto
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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