Luxury Pens Market

Luxury Pens market Analysis

Despite the prevalence of e-communication tools amongst educational institutions and corporates around the world, the market for luxury pens never ceases to grow. Perhaps this is, in part, due to increasing brand awareness amongst people, as well as higher disposable income, especially amongst younger adults in areas across the United States, United Kingdom, China, India and Japan, etc. To meet this seemingly ever-increasing demand, key luxury pen manufacturers from different parts of the world, such as Lamy, Aurora, Mont Blanc, Parker and Grayson, have been investing heavily into their Research and Development initiatives, coming up with innovative and unique new luxury pens. Ever heard of the Meisterstuck Diamond Fountain Pen by the Swiss leather goods giant Mont Blanc? It comes with a hand-crafted, 14k gold nib and a 0.06 carat diamond encrusted in its cap, selling for a whopping $2,000! Considering this, it comes as no surprise that the global luxury goods market is expected to expand at a significant CAGR rate of around 5.4% throughout the period from 2021 to 2027. The global luxury pens demand reached to over USD 2,236.42 million in 2020, which is expected to increase by around 60% to cross valuation of around USD 3,525.43 million in 2027. At the same time, cumulative growth potential will be likely to reach over USD 21.6 billion.

Interesting Facts about Luxury Pens Industry

• We can write around 45 thousand words on an average with a single pen
• Most of the Luxury Pens are hand made with the use of materials such as celluloid, ebonite hard rubber, silver and or titanium occasionally
• Luxury Pens price ranges between USD 100 to USD 5,000
• U.S. manufacture over 2,000 million pens every year
• On an average, around 15 million pens are sold in the world every day

Steady Rise in Demand for Luxury Pens

Like we said earlier, the demand for luxury pens has been steadily increasing over the years. In most instances, purchases are made by the rich and famous, seeing as how they are the only ones who can afford the hefty price tags these pens come with. Luxury pens are available in a variety of types, from standard ball points, converters, roller balls and fine liners to fountain pens, brush pens, die pens and stylus pens in limited or special editions. But it has been observed that fountain pens remain the most popular variant amongst all, often presented by large enterprises as gifts for well-performing employees or business partners. They are also a common feature at seminars, trade shows, product launches, conferences and other kinds of corporate events. Nibs of luxury fountain pens are comprised of relatively stronger materials (namely gold, sterling silver, stainless steel and porcelain) and last longer. Hence, they are the most preferred. In fact, fountain pens accounted for a majority of the market share in 2020 alone!

Offering Personalized Luxury Pens is Major Opportunity for Manufacturers

Firms in the global luxury pens market ought to cash in on the ever-stable demand. There are plenty of ways in which they can increase prices and boost revenue, such as offering items inscribed with logos or names, messages, texts for the recipient. The prices of such services in the United States varies from $100 to $1,000 – depending on the brand one opts for.

Extensive R&D and New Product Development is Key to Remain Competitive

With great demand comes great competition. Both domestic and global luxury pen players must put in extra effort into increasing their output and perfecting their production processes, innovation and prices. In order to do so, they must continuously expand on Research and Development, strategic acquisitions and collaborations, lest a competitor takes them over with a revolutionary new product. Conklin Pens, Fisher Space Pen, Bentley Motors, Grayson Tighe, Hugo Boss, A. T. Cross Co. LLC, Caran D’ache, Faber-CastellJack Row and Montblanc are some of the most prominent manufacturers of Luxury Pens.

Asia Pacific to Accelerate at Rapid Pace

Geographically, the highest number of luxury pens are sold in North America, though Europe and the Middle-East are not far behind. Overall, the fastest-growing segment is the Asia Pacific. High income levels, growing disposable income and high brand consciousness among end-users resulted into strong demand for Luxury Pens in North America, Europe and Middle East. However, Asia Pacific is expected to emerge as another important region over the forecast period.

Specialty Stores to Keep Their Dominance

Supermarkets & hypermarkets, specialty stores and online are major distribution channels for the global Luxury Pens market. Among all, specialty stores are most dominating distribution channel owing their ability to offer best services and personalized products as per clients need.

1.Preface

1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary
2.1.Market Snapshot: Global Luxury Pens Market

3.Market Dynamics & Factors Analysis
3.1.Introduction
3.1.1. Global Luxury Pens Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2020
3.3.1.Type
3.3.2.Distribution Channel
3.3.3.End-user
3.3.4.Geography
3.4.Porter’s Five Forces Analysis
3.4.1.Threat of New Entrants
3.4.2.Bargaining Power of Buyers/Consumers
3.4.3.Bargaining Power of Suppliers
3.4.4.Threat of Substitute Types
3.4.5.Intensity of Competitive Rivalry
3.5.Value Chain Analysis

4.Market Positioning of Key Players, 2020
4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis
5.1.Global Luxury Pens Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America
6.1.North America Luxury Pens Market, by Country, 2015-2027(US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Luxury Pens Market, by End-user, 2015-2027(US$ Bn)
6.2.1.Overview
6.2.2.Ball Point Pen
6.2.3.Fountain Pen
6.2.4.Roller Ball Pen
6.2.5.Multifunctional Pens
6.2.6.Others
6.3.North America Luxury Pens Market, by Distribution Channel, 2015-2027(US$ Bn)
6.3.1.Overview
6.3.2.Supermarkets & Hypermarkets
6.3.3.Specialty Stores
6.3.4.Online
6.3.5.Others

7.Europe
7.1.Europe Luxury Pens Market, by Country, 2015-2027(US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Luxury Pens Market, by End-user, 2015-2027(US$ Bn)
7.2.1.Overview
7.2.2.Ball Point Pen
7.2.3.Fountain Pen
7.2.4.Roller Ball Pen
7.2.5.Multifunctional Pens
7.2.6.Others
7.3.Europe Luxury Pens Market, by Distribution Channel, 2015-2027(US$ Bn)
7.3.1.Overview
7.3.2.Supermarkets & Hypermarkets
7.3.3.Specialty Stores
7.3.4.Online
7.3.5.Others

8.Asia Pacific
8.1.Asia Pacific Luxury Pens Market, by Country, 2015-2027(US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Luxury Pens Market, by End-user, 2015-2027(US$ Bn)
8.2.1.Overview
8.2.2.Ball Point Pen
8.2.3.Fountain Pen
8.2.4.Roller Ball Pen
8.2.5.Multifunctional Pens
8.2.6.Others
8.3.Asia Pacific Luxury Pens Market, by Distribution Channel, 2015-2027(US$ Bn)
8.3.1.Overview
8.3.2.Supermarkets & Hypermarkets
8.3.3.Specialty Stores
8.3.4.Online
8.3.5.Others

9.Latin America
9.1.Latin America Luxury Pens Market, by Country, 2015-2027(US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Luxury Pens Market, by End-user, 2015-2027(US$ Bn)
9.2.1.Overview
9.2.2.Ball Point Pen
9.2.3.Fountain Pen
9.2.4.Roller Ball Pen
9.2.5.Multifunctional Pens
9.2.6.Others
9.3.Latin America Luxury Pens Market, by Distribution Channel, 2015-2027(US$ Bn)
9.3.1.Overview
9.3.2.Supermarkets & Hypermarkets
9.3.3.Specialty Stores
9.3.4.Online
9.3.5.Others

10.Middle East
10.1.Middle East Luxury Pens Market, by Country, 2015-2027(US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Luxury Pens Market, by End-user, 2015-2027(US$ Bn)
10.2.1.Overview
10.2.2.Ball Point Pen
10.2.3.Fountain Pen
10.2.4.Roller Ball Pen
10.2.5.Multifunctional Pens
10.2.6.Others
10.3.Middle East Luxury Pens Market, by Distribution Channel, 2015-2027(US$ Bn)
10.3.1.Overview
10.3.2.Supermarkets & Hypermarkets
10.3.3.Specialty Stores
10.3.4.Online
10.3.5.Others

11.Africa
11.1.Africa Luxury Pens Market, by Country, 2015-2027(US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Luxury Pens Market, by End-user, 2015-2027(US$ Bn)
11.2.1.Overview
11.2.2.Ball Point Pen
11.2.3.Fountain Pen
11.2.4.Roller Ball Pen
11.2.5.Multifunctional Pens
11.2.6.Others
11.3.Africa Luxury Pens Market, by Distribution Channel, 2015-2027(US$ Bn)
11.3.1.Overview
11.3.2.Supermarkets & Hypermarkets
11.3.3.Specialty Stores
11.3.4.Online
11.3.5.Others

12.Global
12.1.Global Luxury Pens Market, by Type, 2015-2027(US$ Bn)
12.1.1.Overview
12.1.2.Ball Point Pen
12.1.3.Fountain Pen
12.1.4.Roller Ball Pen
12.1.5.Multifunctional Pens
12.1.6.Others
12.2.Global Luxury Pens Market, by Distribution Channel, 2015-2027(US$ Bn)
12.2.1.Overview
12.2.2.Supermarkets & Hypermarkets
12.2.3.Specialty Stores
12.2.4.Online
12.2.5.Others

13.Company Profiles
13.1.Conklin Pens
13.2.Fisher Space Pen
13.3.Bentley Motors
13.4.Grayson Tighe
13.5.Hugo Boss
13.6.A. T. Cross Co. LLC
13.7.Caran D’ache
13.8.Faber-CastellJack Row
13.9.Montblanc
13.10.Others

List of Figures

FIG. 1Global Luxury Pens Market: Research Methodology
FIG. 2Market Size Estimation – Top Down & Bottom up Approach
FIG. 3Global Luxury Pens Market Segmentation
FIG. 4Global Luxury Pens Market, by Type, 2019 (US$ Bn)
FIG. 5Global Luxury Pens Market, by Distribution Channel, 2019 (US$ Bn)
FIG. 6Global Luxury Pens Market, by Geography, 2019 (US$ Bn)
FIG. 7Attractive Investment Proposition, by Geography, 2019
FIG. 8Global Market Positioning of Key Luxury Pens Market Manufacturers, 2019
FIG. 9Global Luxury Pens Market Value Contribution, By Type, 2020 & 2027 (Value %)
FIG. 10Global Luxury Pens Market, by Ball Point Pen, Value, 2015-2027 (US$ Bn)
FIG. 11Global Luxury Pens Market, by Fountain Pen, Value, 2015-2027 (US$ Bn)
FIG. 12Global Luxury Pens Market, by Roller Ball Pen, Value, 2015-2027 (US$ Bn)
FIG. 13Global Luxury Pens Market, by Multifunctional Pens, Value, 2015-2027 (US$ Bn)
FIG. 14Global Luxury Pens Market Value Contribution, By Distribution Channel, 2020 & 2027 (Value %)
FIG. 15Global Luxury Pens Market, by Supermarkets & Hypermarkets, Value, 2015-2027 (US$ Bn)
FIG. 16Global Luxury Pens Market, by Specialty Stores, Value, 2015-2027 (US$ Bn)
FIG. 17Global Luxury Pens Market, by Online, Value, 2015-2027 (US$ Bn)
FIG. 18U.S. Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 19Rest of North America Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 20U.K. Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 21Germany Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 22France Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 23Italy Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 24Spain Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 25Russia Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 26BENELUX Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 27Poland Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 28Austria Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 29Rest of Europe Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 30Japan Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 31China Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 32India Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 33South Korea Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 34Australia Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 35Southeast Asia Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 36Rest of Asia Pacific Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 37Middle East & Africa Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 38South Africa Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 39Nigeria Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 40Egypt Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 41GCC Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 42Israel Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 43Latin America Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 44Mechanicalzil Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 45Argentina Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 46Colombia Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 47Peru Luxury Pens Market, 2015-2027 (US$ Bn)
FIG. 48Chile Luxury Pens Market, 2015-2027 (US$ Bn)

List of Tables

TABLE 1Market Snapshot: Global Beauty Devices (Luxury Pens) Market
TABLE 2Global Luxury Pens Market, by Type, 2015-2027 (US$ Bn)
TABLE 3Global Luxury Pens Market, by Distribution Channel, 2015-2027 (US$ Bn)
TABLE 4Global Luxury Pens Market, by Geography, 2015-2027 (US$ Bn)
TABLE 5North America Luxury Pens Market, by Type, 2015-2027 (US$ Bn)
TABLE 6North America Luxury Pens Market, by Distribution Channel, 2015-2027 (US$ Bn)
TABLE 7North America Luxury Pens Market, by Country, 2015-2027 (US$ Bn)
TABLE 8Europe Luxury Pens Market, by Type, 2015-2027 (US$ Bn)
TABLE 9Europe Luxury Pens Market, by Distribution Channel, 2015-2027 (US$ Bn)
TABLE 10Europe Luxury Pens Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 11Asia Pacific Luxury Pens Market, by Type, 2015-2027 (US$ Bn)
TABLE 12Asia Pacific Luxury Pens Market, by Distribution Channel, 2015-2027 (US$ Bn)
TABLE 13Asia Pacific Luxury Pens Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 14Latin America Luxury Pens Market, by Type, 2015-2027 (US$ Bn)
TABLE 15Latin America Luxury Pens Market, by Distribution Channel, 2015-2027 (US$ Bn)
TABLE 16Latin America Luxury Pens Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 17Middle East Luxury Pens Market, by Type, 2015-2027 (US$ Bn)
TABLE 18Middle East Luxury Pens Market, by Distribution Channel, 2015-2027 (US$ Bn)
TABLE 19Middle East Luxury Pens Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 20Africa Luxury Pens Market, by Type, 2015-2027 (US$ Bn)
TABLE 21Africa Luxury Pens Market, by Distribution Channel, 2015-2027 (US$ Bn)
TABLE 22Africa Luxury Pens Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 23Conklin Pens: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments
TABLE 24Fisher Space Pen: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments
TABLE 25Bentley Motors: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments
TABLE 26Grayson Tighe: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments
TABLE 27Hugo Boss: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments
TABLE 28A. T. Cross Co. LLC: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments
TABLE 29Caran D’ache: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments
TABLE 30Faber-CastellJack Row: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments
TABLE 31Montblanc: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments