The global market for the thumb hole book page holder market is estimated to be worth USD 293.7 million in 2021 and is anticipated to reach a value of USD 487.6 million by 2031. Sales are projected to rise at a CAGR of 5.2% over the forecast period between 2021 and 2031. The revenue generated by the thumb hole book page holder market in 2020 was USD 287.4 million. The industry is anticipated to exhibit a Y-o-Y growth of 2.2% in 2021.
Global Thumb Hole Book Page Holder Market Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 (A) | USD 287.4 million |
| Estimated Size, 2021 (E) | ~USD 293.7 million |
| Projected Size, 2031 (F) | ~USD 487.6 million |
| Value-based CAGR (2021 to 2031) | ~5.2% |
The target market is segmented under material type, price, and distribution channel. The market is further sub-categorized under these segments to provide a granular aspect which will benefit the businesses operating in the market to improve on their products, gain a competitive edge over other players, and grasp a major portion of the market, in parallel.
As readers look for more convenient ways to handle their books more easily, the thumb hole book page holder market is steadily growing. These small, convenient, and comfortable tools assist in keeping the pages of books and documents open steadily which is the reason people with different reading interests and occupations prefer to use them.
There are two key reasons for market growth, namely the continually rising need for reading accessories, as well as a trend toward simplicity and practicality in the items’ designs. Thumb hole book page holders specifically with a focus on comfort and portability are fast becoming the norm for every book lover who would want to have a better and more comfortable experience while reading
The competitive landscape of the thumb hole book page holder market is characterized by a mix of established players and emerging brands, each vying to capture a share of this growing segment. Key players in the market include Etsy, Inc., Nelson Market, TILISMA, and SHARPIE, among others. Key companies compete on factors such as design innovation, material quality, and brand reputation.
The industry is set to experience upward growth during the forecast period. It is projected to create an incremental opportunity of USD 193.9 million and is predicted to rise approximately 1.7 times the current market value through 2031.
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The demand for thumb hole book page holders is more among the people who are involved in the doctrinal researchers like lawyers, researchers and students. This holder reduces the problem of pain in the neck, solders, arms and back because this holder is convenient to hold the book with one hand.
Furthermore, an increase in novel enthusiasts, various book reading cafes and library cafes all around the world, increases the sales of the holders. Also, this thumb hole book page holder is helpful for bible studies and religious studies. All these factors drive the market during the forecast period.
Book readers are more attracted towards such holders because these are light in weight and portable, the reader can take it anywhere like classroom, office, during the travelling, library and more.
Furthermore, this brings a nice experience to the user. It is very convenient to use, once people start using such holders, they find it continent and use it from the next times. Moreover, many youngsters in Japan and China like to read manga and light novels. They spend their free time reading. This factor fuel the thumb hole book page holder sales.
However, the demand for the holder is increases dung the covid-19 pandemic because during the pandemic people are having free time, many people give time to their reading habits, even during the isolation period people read fraction and non-fraction books, that increases the sales of thumb hole book page holder.
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People of the region are extremely engaged in reading comics like Marvel and DC comics. Even in the USA and Canada, there are many public and private libraries and similar institutes, where all age group people visit for the reading. This increase the sales of the product in the region.
Many people use this holder as useful gifts for friends who likes to read regardless of age and gender, proper for sending to book lovers, student, reader, teachers, office workers, and family members.
Also, many players introduced customized holders in the market, so, it is a good choice for people to write a personal message for love and near ones and give them on thanksgiving festivals, Christmas, birthdays and other events. All this factor increases the sales of the page holder in the market.
The market of thumb hole book page holders is set to witness steady growth in Europe during the forecast period. Many high-class people of the region are part of the reading clubs. Reading is involved in their weekly activity. People read a book and narrate the summarized story to a member of the clubs. So, there is a good opportunity for the player to strengthen their presence in the regional market.
Furthermore, these holders are available in different sizes and materials, so the size of damage of pages is nil with this holder. Also, people use the holder to avoid loss in concentration due to wind and fan. All such factor increases the sales of the thumb hole book page holder in the regional market.
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Some of the famous brands of thumb hole book page holders include
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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Thumb Hole Book Page Holder Market
