Easel Market Forecast and CAGR
The easel market is set to witness steady growth during 2021-2031, with a CAGR of around 3-4%. Demand for easel is witnessing steady growth in the market owing to the innovation in products that provides an artist with stability against horizontal and vertical strokes of the brush.
Additionally, easels also allow an artist to display the work, using an easel as a frame or stand. Moreover, the growing interest of individuals to visit art exhibitions and learn about the same some factors that are likely to grow the sales of easel market.
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What is Driving Demand for Easel Market?
One of the major reasons driving the demand for easel in the market is the implementation of industry 4.0 that has eased the production of products by maintaining the quality, production capacity, and quick automation of all steps. Moreover, the innovation in product type has expanded the options thus, expanding the usability of the easel and growing the market.
Additionally, factors like easy installation and de-installation, lightweight, portable, inexpensive solution, eco-friendly, and many others, create an effective and reliable solution for the customers thus, allows easy promotions of branded products and gradually grows the demand for easel in the market.
However, the outspread of COVID-19 has drastically declined the demand for products that are generally not of major use in everyday activities. Moreover, the changing lifestyles and preferences of individuals have declined the demand for paintings and sketches thus, affecting the painting industry, therefore, negatively influencing the sales of an easel.
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Innovation and Expanding Product Portfolio Likely to Augment Easel Sales
The rapid growth in industries has enabled manufacturers to invest in R&D facilities and provide customers with new and innovative products that are cost-effective and reliable. As in the case of easels, the product is manufactured using various material types best suited for the consumers’ requirements.
For instance, aluminum-made easels are likely to register significant growth in the market owing to their distinctive features, such as resistance to weather and corrosion, which is done by an extra layer of coating. Additionally, aluminum easels are lightweight, economical, and have a longer usage period than other alternatives, thus, growing the easel industry.
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U.S. and Canada Easel Market Outlook
The outlook of an easel in the U.S. and Canada market is projected to be positive and the easel industry will recover naturally over the forecast period 2021-2031. Demand for easel in the market is likely to grow owing to the rising demand for products manufactured using advanced machines and strict government regulations that ensure the quality of infrastructure.
Moreover, the growing and evolving norms and regulations are likely to grow the construction industry thus, creating new opportunities for easel in the market especially, driven by the millennials who are well aware and keen to stay connected and move with the trends in the industry.
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Europe Demand Outlook for Easel
The countries of Europe are likely to dominate the market of easels because of the presence of various organized retails such as Kroger, Walmart, Tesco, Costo, etc. Thus, branding and promotion procedures of such products smoothen with the availability of various platforms boosting the sales of an easel in the market.
Moreover, the growth in the number of art exhibitions and events in Europe, from London to Frankfurt that includes more than 100 works on display, rare paintings, and others, which shows the magnificent work from the life of the various remarkable artist. Such factors are likely to grow the demand for easel thus, boosting sales.
Who are the Key Manufacturers and Suppliers of Easel?
Some of the leading manufacturers and suppliers of easel include
- George Patton Associates Inc.
- Rizzo Packaging Inc.
- Etsy Inc.
- Affordable Display Products Inc.
- Michaels Stores
- Sonoco Products Company
- Art Alternatives
- Jerry’s Artarama
- SINOART Shanghai Co. Ltd
- Blick Art Materials
- FFR Merchandising Company
By Product Type
- Studio Easels
- Presentation Easels
- Table Top Easels
- Event Easels
By Material Type
By Sales Channel
- Wholesalers/ Distributors
- Supermarkets/ Hypermarkets
- Independent Painting Equipment Stores
- Independent Specialty Stores
- Online Retailers
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Easel Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.