Africa Stationery Market
According to Goldstein Research, “Growing enrolment of students in schools and for higher education in Africa coupled with increasing office spaces in South Africa and NGOs has significantly contributed to the growth of the stationery market in Africa.” Further, rising import of cheaper stationery products from Gulf countries has also significantly impelled the growth of cheaper stationery products in the region.
“Africa Stationery Market Outlook 2024”
The Africa Stationery Market is segmented based on product type, by end users and by distribution channels. The end-user segment is further bifurcated into the Education sector and commercial sector. The educational sector accounted for the largest market of more than 75% revenue in Africa Stationery market. Further, the educational sector is likely to maintain its dominance over the forecast period owing rising number if educational institutes in Africa.
The Africa stationery market accounted for USD 2.8 billion in 2016 owing to increased shipments of Stationery across Africa and the growing market of consumer electronics. Further, the market is projected to expand at a compound annual growth rate of 6.1% over the forecast period i.e. 2016-2024 and expected to reach USD 4.5 billion by the end of 2024.
South Africa is the largest region for the stationery market in 2016 and is expected to dominate the market during the forecast period of 2016-2024. South Africa stationery market valued more than USD 0.880 billion in 2016 and is estimated to reach USD 1.5 billion by 2024. South Africa is expected to dominate the stationery market followed by Nigeria and Morocco attributed to growing number of student enrolments in educational institutes in these countries.
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Luxury Writing Instruments and Stationery: Growing Niche Market
Corporate gifts and limited edition collector items, which often contain a hefty price tag, drove the performance of the luxury stationery market in 2016. For instance, Mont Blanc brand leads the category and held a 21% value share in 2016. Mont Blanc enjoys a strong brand legacy locally and is associated with quality and status. Moreover, Luxury writing instruments and stationery is expected to grow at a CAGR 3.1% in value sales during the forecast period.
“Africa Stationery Market Outlook 2024” contains a detailed overview of the Africa stationery market in terms of market segmentation by product type, by end users and by distribution channels.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Africa Stationery Market Report also provides a competitive outlook of some of the major players which includes profiling of companies such as Croxley, Parker, Lion Brand, Paper Mate, Freedom Stationery, Office National, Pilot Pen Corporation, Mont Blanc International GmbH etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the Africa stationery market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
Browse similar report on India Online Stationary Market published by "Goldstein Research" and Gather more accurate market data such as trends, demand, chain analysis, risk, restrains, growth driver, sales data etc.