Based on the most recent market study the global luxury pens industry is expected to grow at a CAGR near 5% for the years 2017-2021. The report shows an in-depth analysis of the luxury pens market including high-end fountain pens and the forecasted revenue and market trends from the United States and around the World.
One leading analyst stated, ““The increase in the use of pens as promotional products by corporates is expected to be one of the major drivers for the growth of the market during the forecast period. The vendors in the market focus on making their products ergonomic and environment friendly by using biodegradable raw materials such as recycled paper, recycled plastic, cornstarch, sustainable bamboo, and FSC-certified wood.”
The market research analysis categorizes the global luxury pen market into the following product segments. They are:
Back in 2016 the luxury fountain pens industry made up for the maximum share of profits in the global luxury pens market, where the highest demand came from consumers in the United States and those from China. The study shows that consumers in both countries are more likely to buy luxury fountain pens as gifts for others. I must admit a high-end luxury pen would make an awesome birthday, graduation, retirement, promotion or Christmas gift.
Luxury fountain pens because of their high quality and craftsmanship will last longer than other pens. The nibs of these luxury pens are made of 18k gold, platinum, steel, silver other precious materials. These pens use high quality ink by use of a converter, a cartridge, or an internal piston filling system.
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