According to the latest research, sales of bookends market is expected to register a positive CAGR of 5.6% by garnering a market value of 90 billion.
Demand for bookends might witness substantial growth post suffering a drop in demand and sales throughout the COVID-19 pandemic period. Post-pandemic the anticipated growth in the number of readers is expected to see a rise in demand for bookends.
What is Driving Demand for Bookends?
The growing number of reading enthusiast for various fictional, educational, as well as other literature books is mainly leading to adoption of books by high number of population for such purposes and correspondingly, driving the demand for bookends. The growing competition among the achievers has also compelled them to read and study different publications books and has alternatively boosted the need for bookends.
One of the key factors driving the worldwide bookends market’s growth is rising consumer preference for books to fulfill their hobbies as readers. The market for bookends is predicted to grow in response to rising customer demand for novels, magazines, and other comics. During the forecast period, the introduction of better design bookends, with the goal of ensuring absolute fixation is also likely to boost market expansion.
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Trend of Premium Quality Antique Bookends Likely to Augment Sales
Various manufacturers around the world have implemented various techniques to offer better quality bookends to customers in the medium and lower income groups. With growing awareness of better home décor, the consumers demand products that are antique and unique alongside providing some additional feature in the betterment of home utilities. Bookends being one of such has attracted number of customers and fueling the market growth.
Furthermore, with growing disposable incomes the trend of expensive homes with ornamental accessories is on the rise. As a result, with the arrival of such residential and commercial infrastructures demand for premium quality bookends built from various different stones and other wooden materials is likely to skyrocket.
Impact of COVID-19 on Bookends Market
The coronavirus outbreak has had a significant impact on a wide range of organizations as well as all stages of their supply and value chains. Consumer goods is one of the industries that is now suffering as a result of the pandemic.
Raw material supply is one of the most important sections of the consumer goods value chain, where key companies and vendors are experiencing issues due to insufficient logistics, traffic control, and public mobility restrictions in affected nation-states around the world, which can result in supply interruptions. As a result of the epidemic, major market participants have had to reassess their contingency plans and risk management.
US and Canada Bookends Market Outlook
A primary driving element fueling the adoption of bookends in the US and Canada regions is the high preference of customers for daily commodities over the traditional methods. Developing regions in places such as the US, as well as consumer demand for better quality accessories has fueled the sales volume of bookends. Furthermore, in recent years, there has been a reasonable demand for such commodities due to the vast product offering by players in different sizes and shapes for improved aesthetics in the US and Canada.
One of the major trends in the US and Canada region that is attracting customer attention is the shift from classic to contemporary products offered by players. Sparkling Hues Gems Pvt Ltd., for example, offers a wide range of antique styles, and its Casa Décor is aesthetic in design and complements the minimalism aesthetic with its finishes.
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Europe Demand Outlook for Bookends
The European commercial market is likely to be the largest and fastest-growing category in the future years. Many businesses now sell premium and luxury bookends designed exclusively for high-end residential and educational locations. The rising popularity of home remodeling and, as a result, the adoption of fashionable and sophisticated accessories is expected to boost market demand.
During the forecast period, the introduction of animal figure and special character bookends, with the goal of ensuring fulfillment of customer demands with better quality products, is likely to boost the expansion of the bookends market. Due to the rise of educational institutes, which leads to an increase in the construction of libraries, reading areas, and study areas, the bookends market is getting a lot of traction in the region.
Who are the Key Manufacturers and Suppliers of Bookends?
Some of the leading manufacturers and suppliers of bookends include
- Sparkling Hues Gems Pvt. Ltd.
- TheDecorKart
- Etsy Inc.
- Inter IKEA Systems B.V
- Wayfair LLC
- Virtual Expo Group
- Knob Creek Metal Arts
- among others.
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.
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Key Segments
By Product Type
- Wooden
- Metal
- Marble
- Concrete
- Other
By End-User
- Institutions
- Individuals
By Sales Channel
- Supermarket/Hypermarket
- Specialty Stores
- Wholesalers/Distributors
- Multi-Brand Stores
- Online Retailers
- Convenient Stores
- Others
By Region
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
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