|Standard Report||Premium Report|
|Current State of the Industry|
|Market Size (industry trends)|
|Market Forecast (5-year projection)|
|Revenue per State|
|Salary & Compensation Statistics|
|Public Company Information|
|Key Private Companies|
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2023 U.S. Industry Statistics & Market Forecast - Office Supplies, Pen & Pencil Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Office Supplies, Pen & Pencil Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
|Statistics||2017 2018 2019 2020 2021 2022|
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|Average Revenue Per Firm|
|Average Employees Per Firm|
|Average Revenue Per Employee|
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.
|Forecast / Industry Outlook||2023||2024||2025||2026||2027||2028|
|Market Forecast ($ millions)|
|Projected Industry Growth Rate (%)|
Industry InsightsThe Pen & Mechanical Pencil Manufacturing industry is a dynamic and evolving sector that has witnessed significant changes in recent years. Here are some key trends that are expected to impact the industry:
1. Increasing demand for eco-friendly products: With the growing awareness of environmental issues, there is a rising demand for pens and mechanical pencils made from sustainable materials.
2. Technological advancements: The industry has witnessed several technological advances, including the use of 3D printing technology for prototyping and the development of hybrid pens and pencils that use both traditional and digital media.
3. Customization: Consumers are becoming more interested in personalized pens and mechanical pencils that reflect their individuality. This trend has created a growing market for customized writing instruments.
4. Changes in consumer habits: The rise of digital communication has led to a decline in the use of pens and mechanical pencils for writing. The industry is responding to this trend by focusing on products that offer unique value propositions, such as ergonomics or durability.
5. Increasing competition: The Pen & Mechanical Pencil Manufacturing industry is highly competitive, with many players vying for market share. This competition has led to a focus on innovation and cost-cutting measures to remain competitive in the market.
Overall, the Pen & Mechanical Pencil Manufacturing industry is undergoing significant changes as it adapts to new technologies, changing consumer habits, and environmental considerations. Companies that can stay ahead of these trends are likely to succeed in this dynamic and evolving industry.
U.S. Geographic Distribution: Revenue Statistics by StateMarket Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.
|Industry Average||Percent of Sales|
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|Cost of Goods Sold|
|Pension, profit sharing plans, stock, annuity|
|Rent paid on business property|
|Domestic production activities deduction|
|Compensation of officers|
|Salaries and wages|
|Employee benefit programs|
|Taxes and Licenses|
|Other Operating Expenses|
|Total Operating Expenses|
|EBIT (Earnings Before Interest and Taxes)|
|Earnings Before Taxes|
Financial Ratio AnalysisFinancial ratio information can be used to benchmark how a Office Supplies, Pen & Pencil Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.
|Profitability & Valuation Ratios||Industry Average|
|Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Office Supplies, Pen & Pencil Manufacturing industry is performing.|
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
|Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
|Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Office Supplies, Pen & Pencil Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.
|Liquidity Ratios||Industry Average|
|Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.|
Measures a firm's ability to pay its debts over the next 12 months.
|Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.
|Efficiency Ratios - Key Performance Indicators||Industry Average|
|Measure how quickly products and services sell, and effectively collections policies are implemented.|
|Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
|Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.
Compensation & Salary Surveys for EmployeesCompensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.
|Title||Percent of Workforce||Bottom Quartile||Average (Median) Salary||Upper Quartile|
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|General and Operations Managers||4%|
|Business and Financial Operations Occupations||5%|
|Sales and Related Occupations||6%|
|Office and Administrative Support Occupations||13%|
|Installation, Maintenance, and Repair Occupations||5%|
|Assemblers and Fabricators||18%|
|Miscellaneous Assemblers and Fabricators||16%|
|Metal Workers and Plastic Workers||8%|
|Other Production Occupations||14%|
|Transportation and Material Moving Occupations||6%|
Office Supplies, Pen & Pencil Manufacturing Competitor Landscape & Key Companies [PREMIUM]The most influential companies in the Office Supplies, Pen & Pencil Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Office Supplies, Pen & Pencil Manufacturing industry and adjacent sectors:
Companies with the largest market share, focused in this industry
|Market leaders: |
Largest companies that have diversified operations in this and other industries
Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators and Disruptors in adjacent industries that may also affect the Office Supplies, Pen & Pencil Manufacturing industry.
Government ContractsIn 2022, the federal government spent a total of $165,070,965 on Office Supplies, Pen & Pencil Manufacturing. It has awarded 138583 contracts to 379 companies, with an average value of $435,543 per company.
|Most Recent Contracts||Date||Total Award Amount|
|OFFICE DEPOT, INC. |
6304 Woodside Ct Ste 1
|Jun 30, 2023||$1,229|