Electric Eraser Market Size (2023 - 2030)

Global Electric Eraser Market is estimated to be worth USD 160.90 Million in 2022 and is projected to reach a value of USD 318.26 Million by 2030, growing at a CAGR of 8.9% during the forecast period 2023-2030.

Electric erasers are compact devices equipped with a motorized erasing head, pre-eminently employed in activities like drafting and library tasks. These erasers are specifically devised to remove graphite, charcoal, and colored pencil marks. They come in various types, encompassing battery-operated ones, rechargeable models, erasers with fixed holders, and replaceable eraser clamps. Importantly, electric erasers are gentle on the paper and effectively avert accidental smudging. Furthermore, numerous electric erasers are ergonomically devised for comfortable handling and can be utilized by both left-handed and right-handed individuals.

Electric pencil erasers offer an extensive array of advantages that transcend what manual erasers can provide. They make the cleanup process simpler and decline the chances of smudging graphite or pigment and inadvertently erasing unintended parts. With electric erasers, individuals can concentrate on certain areas of their sketches without the risk of erasing the elements they want to preserve. Artists especially appreciate electric erasers for refining highlights and perfecting intricate details in their illustrations, such as the delicate strands of hair or the texture of fur on animals.

Global Electric Eraser Market Drivers:

The increasing demand for efficient and precise erasing is fueling the growth of the Global Electric Eraser Market.

The electric eraser operates with a simple press of a button that causes the tip to spin hastily at approximately 10,000 rotations per minute. This swift motion effortlessly removes graphite, charcoal, and colored pencil pigment from the paper, thereby providing speedy and efficient erasing. The electric eraser offers precise erasing capabilities that permit individuals to target specific areas with accuracy while maintaining a gentle touch. This ensures that the paper surface remains pristine. The electric eraser is devised for comfortable handling, which averts hand fatigue during usage. Therefore, this factor propels the demand for electric erasers.

The growing need for enhancing productivity and precision in drafting, engineering, and art fields is another factor contributing to the growth of the Global Electric Eraser Market.

The market for electric erasers is being propelled by the need to boost productivity and efficiency in various fields such as drafting, engineering, and art. These erasers offer a time-saving solution for rectifying mistakes that enable users to swiftly and effectively erase errors without the need for manual effort. One key advantage of electric erasers is their ability to provide precise and accurate erasing, even for closely drawn lines. This feature ensures that mistakes can be corrected with precision, resulting in a neater and more professional output. While individuals outside the drafting, drawing, or art fields may question the necessity of electric drafting erasers, professionals in architectural, engineering, and drafting professions understand their indispensable role. 

Global Electric Eraser Market Challenges:

The Global Electric Eraser Market is encountering challenges, primarily in terms of high cost and regular maintenance. Electric erasers generally have a higher price tag contrasted to standard erasers, which may not be a cost-efficient option for price-conscious individuals. Moreover, electric erasers necessitate regular maintenance such as cleaning the eraser head and replacing batteries, which can be time-consuming and inconvenient. Thus, these challenges inhibit the growth of the Global Electric Eraser Market.

Global Electric Eraser Market Opportunities:

Market expansion strategies present a lucrative opportunity in the Global Electric Eraser Market. The demand for electric erasers is augmenting owing to their advantages, including greater precision and control, efficiency and ease to use, the capability of erasing tough pigments, time-efficient, and applicability on various media (e.g., charcoal pencils, colored pencils, etc.). Businesses specializing in the manufacturing of electric erasers can attain considerable benefits from this opportunity by broadening their product offerings to emerging markets, encompassing South Korea, Brazil, Germany, and France. By pursuing this expansion, companies can broaden their customer base and drive a notable increase in their overall revenue.

COVID-19 Impact on the Global Electric Eraser Market:

The Global Electric Eraser Market has been considerably influenced by the COVID-19 outbreak. As a result of rigorous lockdowns, travel restrictions, and social distancing measures, the demand for electric erasers waned. Delays in the expedient manufacturing and distribution of goods and services have also been caused by the pandemic's influence on the market's supply chain. Numerous individuals encountered financial uncertainty, causing a decline in spending on non-essential items. These factors negatively impacted the market's growth. Despite these challenges, the market is likely to rebound alongside the global recovery from the pandemic.

Global Electric Eraser Market Recent Developments:

• In April 2023, Brustro, an India-based leading provider of art supplies, unveiled the launch of its new website to provide customers with a seamless and intuitive shopping experience at pocket-friendly prices. 
• In June 2021, Derwent, a UK-based art supplies company, officially launched Chromaflow color pencils, developed with opulent pigments to provide a bold and vibrant laydown. 
• In June 2020, Amazon India introduced a dedicated "School From Home" store for students, offering deals on study essentials, stationery, electronics, and home furnishings. The store strives to support parents, teachers, and students in creating an ideal learning environment at home amidst the COVID-19 pandemic.

ELECTRIC ERASER MARKET REPORT COVERAGE:

Global Electric Eraser Market Segmentation:

Global Electric Eraser Market Segmentation: By Type

• USB-Powered
• Battery-Powered

The Battery-Powered segment held the highest market share. The growth can be ascribed to the extensive adoption of battery-powered electric erasers in contrast to USB-powered electric erasers owing to their advantages, including portability, durability, convenience, and affordability. A battery-powered electric eraser utilizes a spinning cylinder made of rough felt to remove pencil marks from paper. With its battery-powered functionality, this eraser is a handy option for artists, students, and office workers seeking a fast and effortless way to erase small sections of pencil marks.

Global Electric Eraser Market Segmentation: By Application

• Charcoal Pencil
• Colored Pencil
• Graphite Pencil

The Charcoal Pencil segment held the highest market share in the year 2022. The growth can be ascribed to the rising adoption of electric erasers by artists to effectively erase challenging charcoal pencil pigments that are not easily removable with a standard eraser. Charcoal pencils comprise wax-based pigments, which makes them harder to erase than graphite or colored pencils. The wax in the pigments makes them stick to the paper surface, making them difficult to erase. Using an ordinary eraser, such as a white or vinyl eraser, can create too much friction between the wax and rubber, thereby resulting in more layers being removed than intended and distorting the original line. Electric erasers offer superior precision, control, and the capability to remove stubborn charcoal pigments, which makes them ideal for charcoal pencil applications.

Global Electric Eraser Market Segmentation: By Distribution Channel

• Stationery Stores
• Supermarkets/Hypermarkets
• E-commerce
• Others

The E-commerce segment held the highest market share in the year 2022. The growth can be ascribed to the extensive adoption of e-commerce and online retailing platforms by numerous individuals during and after the COVID-19 pandemic. E-commerce platforms provide easy convenience, authenticity, the best prices, and exemplary customer service for electric erasers. Individuals have the option to choose their ideal electric eraser from the variety available on online platforms. Furthermore, e-commerce platforms provide customers with legitimate product reviews and feedback, which can assist them in making informed decisions regarding their ideal electric eraser.

Global Electric Eraser Market Segmentation: By Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

The region of North America held the largest share of the Global Electric Eraser Market in the year 2022. The growing utilization of electric erasers across various sectors, including art, education, and engineering, the continuous development of novel and innovative stationery items, and the incorporation of new technologies in their designs are some of the pivotal factors propelling the region's growth. Furthermore, North America is home to several prominent market players, including AFMAT, Art-n-Fly, and Amazon Basics.

The region of Asia-Pacific is anticipated to expand at the quickest rate over the forecast period 2023-2030 owing to the growth in disposable income of individuals, the subsequent increase in the adoption of premium stationery items, and the strong presence of prominent market players, including Mont Marte, Sakura Color Products, and Brustro.

Global Electric Eraser Market Key Players:

1. Mont Marte (Australia)
2. Derwent (United Kingdom)
3. Sakura Color Products Corporation (Japan)
4. AFMAT (United States)
5. Brustro (India)
6. Art-n-Fly (United States)
7. Ohuhu (United States)
8. Amazon Basics (United States)
9. Maped Helix (United Kingdom)
10. Factis Erasers (Spain)