Global Fountain Pen Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Fountain Pen Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

As a commonly used writing tool, fountain pen is invented in the early 19th century. The tip of the pen is made of metal, and it is sleek and flexible to write, quite smooth. There are obvious trademarks and models on the pen cap or on the surface of the pen tip. A fountain pen is a nib pen that, unlike its predecessor, the dip pen, contains an internal reservoir of liquid ink. The pen draws ink from the reservoir through a feed to the nib and deposits it on paper via a combination of gravity and capillary action. Filling the reservoir with ink may be achieved manually, via the use of an eyedropper or syringe, or via an internal filling mechanism which creates suction (for example, through a piston mechanism) or a vacuum to transfer ink directly through the nib into the reservoir. Some pens employ removable reservoirs in the form of pre-filled ink cartridges. It is also divided eyedropper filler, self-filling designs, piston filling innovation, modern filling mechanisms pens.

Market Overview:

The latest research study on the global Fountain Pen market finds that the global Fountain Pen market reached a value of USD 955.94 million in 2022. It’s expected that the market will achieve USD 1107.75 million by 2028, exhibiting a CAGR of 2.49% during the forecast period.

Influence of COVID-19 Outbreak on Fountain Pen Industry Development

The outbreak of COVID-19 is affecting almost every region in the world.

Each region has been affected by a significant growth and demotion. East Asia and the Pacific will grow by only 0.5%. South Asia will contract by 2.7%, Sub-Saharan Africa will contract by 2.8%, the Middle East and North Africa will contract by 4.2%, Europe and Central Asia will contract by 4.7%, and Latin America will contract by 7.2%. These downturns are expected to reverse years of progress towards achieving development goals and plunge thousands of people into extreme poverty. Emerging markets and developing economies will be hit by economic resistance from multiple quarters: a weak medical system, losses in trade and tourism, reduced remittances, insufficient capital flows, and increasing debt pressures that have led to tight financial conditions. Developed economies are expected to reduce 7%. This crisis has exceeded the speed of the global economy, and a global recession has become inevitable.

Due to the pandemic of COVID-19, the global economy is expected to lose nearly US$8.5 trillion in output value in the next two years, which will erase almost all the gains of the previous four years. The sharp economic contraction marked the worst contraction since the Great Depression in the 1930s, while the economic downturn at the beginning of the year was only 2.1%. And the outbreak of COVID-19 will aggravate the phenomenon of poverty and inequality. By 2030, 130 million people may join the ranks of the extremely poor, which has hit the global efforts to eliminate extreme poverty and hunger. This epidemic has greatly damaged low-skilled and low-paying jobs, while at the same time making high-skilled jobs less affected, which will further increase income inequality within and between countries.

Market SWOT Analysis

Strength

As a common writing tool, fountain pens are sold in various stores and have diverse distribution channels. On the basis of the distribution channel, the fountain pen market can be divided into Supermarkets & Hypermarkets, Online retailing, Stationeries & Office supplies, and Departmental stores. Diverse distribution channels provide several benefits to both manufacturers and consumers: improved efficiency, a better assortment of products, routinization of transactions, and easier. Another advantage of distribution channels for manufacturers is the speed at which they can distribute the fountain pen products in large geographic areas. Established distributors can readily tap a network of retailers and other distributors to help with market coverage. Numerous distribution channels have attracted consumption for fountain pen industry, which is conducive to the development of the industry

The increasing demand for fancy stationery among students is contributing to the segments demand. Meanwhile, the allure of writing is creeping its way back into people's daily lives again as stationery products have been flying off the shelves, often aggressively picked up by stationery afficionados. In addition, in some regions, fountain pens have become more than just a writing instrument since its inception. While it is pretty obvious that it's a popular choice among students, it is also a widespread gift trend in the corporate world. Availability of a plethora of designs, variations and price range has caused a spike in its demand. Additionally, personalization options such as engraving one's name or company's logo has significantly added to the demand.

Weakness

A Fountain pen glides smoothly over the paper as long as everything is working fine but are difficult to work with if any functionality goes wrong even slightly. A poorly designed nib or a leaky reservoir can stain the user's fingers and the paper too. The nibs can get scratchy sometimes and this can damage the paper as well. If too much ink flows through the pen, the entire affair can get messy. A fast-paced life can't afford the mess that comes with these pens and deter people from buying them.

With major manufacturers and suppliers in the fountain pen industry competing at globally, the intensity of competition within the fountain pen industry has increased. The vendors adopt strategies like price premiums to stay competitive in the market. Meanwhile, the local vendors in developing nations are providing tough competition to the global players based on product pricing. The fierce competition is not conducive to the sustainable development of the industry. At the same time, small companies or small retailers enter the business consequently as venturing into a fountain pen business does not require immense capital or investment. However, this leads to the proliferation of sub-standard or duplicate products which then hampers the competitive scenario in the market as established fountain pen manufacturers are compelled to lower the price of their products, which ultimately impacts their profit margins and sales volumes.

Region Overview:

Asia Pacific had the highest growth rate of all regions.

Company Overview:

Parker is one of the major players operating in the Fountain Pen market, holding a share of 15.91% in 2020.

Parker Pen Company, Inc. manufactures and distributes stationery products. The Company offers wide range of premium pens, pencils, inks, and refills. Parker has 130 years of experience in innovation, with excellent craftsmanship and the original style of the world-famous luxury writing instruments. Parker Pen operates worldwide.

Mont Blanc manufactures writing materials. The Company offers ink pens, watches, leather products, jewellery items, eyeware products, perfumes, and other products. Mont Blanc operates worldwide.

Segmentation Overview:

Among different product types, Piston Filling Innovation segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Amateur segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Fountain Pen market covered in Chapter 3:

Montegrappa
Kaweco
Sailor
Lamy
Hero
Pelikan
Parker
Pilot
Wahl Eversharp
Sheaffer
Waterman
Platinum
Mont Blanc
AURORA
CROSS

In Chapter 4 and Chapter 14.2, on the basis of types, the Fountain Pen market from 2018 to 2029 is primarily split into:

Eyedropper Filler
Self-filling Designs
Piston Filling Innovation
Modern Filling Mechanisms

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Fountain Pen market from 2018 to 2029 covers:

Professional Calligrapher
Amateur

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)