Report Detail

Consumer Goods Global Whiteboard Markers Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032

  • RnM4718048
  • |
  • 29 June, 2026
  • |
  • Global
  • |
  • 149 Pages
  • |
  • GIR
  • |
  • Consumer Goods

According to our (Global Info Research) latest study, the global Whiteboard Markers market size was valued at US$ 1474 million in 2025 and is forecast to a readjusted size of US$ 1973 million by 2032 with a CAGR of 4.3% during review period.
Whiteboard Markers are non-permanent, alcohol-based or solvent-based writing instruments designed specifically for use on glossy whiteboard surfaces. They feature a porous, felt-tip nib that delivers smooth, skip-free ink flow, ensuring clear and vibrant lines. The quick-drying, low-odor ink is easily erasable with a dry cloth or whiteboard eraser, leaving no residue or ghosting. These markers typically come in a range of colors (e.g., black, blue, red, green) and tip sizes (fine, medium, broad) to suit various presentation and annotation needs. Key characteristics include low toxicity, fade resistance, and refillable/reusable designs in some models, making them essential tools for offices, classrooms, and collaborative workspaces.
The whiteboard marker market is currently showing a steady growth trend, mainly driven by the needs of corporate offices, educational institutions and remote collaboration. Although digital tools (such as electronic whiteboards) have replaced the high-end market to a certain extent, traditional whiteboard pens still dominate the mainstream with their low cost and ease of use. International brands dominate the mid-to-high-end market, while local manufacturers are rapidly expanding in developing markets through cost-effective strategies. Environmental regulations promote the upgrading of sustainable products such as water-based inks, but the industry as a whole faces pressure from intensified price competition and declining profit margins.
Future market growth will rely on two major directions: one is environmental innovation, including the application of degradable materials and low-VOCs ink technology; the other is functional optimization, such as differentiated designs such as anti-dry tip and quick drying. In addition, the popularity of online channels and B-end customized needs (such as corporate LOGO printing) are becoming new growth points. In the long run, the whiteboard marker industry needs to adapt to the dual trends of digitalization and sustainable development while maintaining basic needs in order to maintain its competitiveness.
This report is a detailed and comprehensive analysis for global Whiteboard Markers market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Whiteboard Markers market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global Whiteboard Markers market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global Whiteboard Markers market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global Whiteboard Markers market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Whiteboard Markers
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Whiteboard Markers market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Pilot, Newell Brands (Expo, Sharpie), Staedtler, Edding, Faber-Castell, Pelikan, BIC, Lyreco, Kores, Arteza, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Whiteboard Markers market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Dry Erase Whiteboard Markers
Wet Erase Whiteboard Markers
Market segment by Application
Supermarkets/Hypermarkets
Convenience Stores
Independent Retailers
Online Sales
Others
Major players covered
Pilot
Newell Brands (Expo, Sharpie)
Staedtler
Edding
Faber-Castell
Pelikan
BIC
Lyreco
Kores
Arteza
ACCO Brands (Quartet)
Pentel
Shachihata (Artline, Xstamper)
Kukuyo
Sakura
Mitsubishi Pencil
Soni OfficeMate
M&G
Deli
Comix
Simbalion
Beifa
Guangbo
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Whiteboard Markers product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Whiteboard Markers, with price, sales quantity, revenue, and global market share of Whiteboard Markers from 2021 to 2026.
Chapter 3, the Whiteboard Markers competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Whiteboard Markers breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Whiteboard Markers market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Whiteboard Markers.
Chapter 14 and 15, to describe Whiteboard Markers sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Whiteboard Markers Consumption Value by Type: 2021 Versus 2025 Versus 2032
    • 1.3.2 Dry Erase Whiteboard Markers
    • 1.3.3 Wet Erase Whiteboard Markers
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Whiteboard Markers Consumption Value by Application: 2021 Versus 2025 Versus 2032
    • 1.4.2 Supermarkets/Hypermarkets
    • 1.4.3 Convenience Stores
    • 1.4.4 Independent Retailers
    • 1.4.5 Online Sales
    • 1.4.6 Others
  • 1.5 Global Whiteboard Markers Market Size & Forecast
    • 1.5.1 Global Whiteboard Markers Consumption Value (2021 & 2025 & 2032)
    • 1.5.2 Global Whiteboard Markers Sales Quantity (2021-2032)
    • 1.5.3 Global Whiteboard Markers Average Price (2021-2032)

2 Manufacturers Profiles

  • 2.1 Pilot
    • 2.1.1 Pilot Details
    • 2.1.2 Pilot Major Business
    • 2.1.3 Pilot Whiteboard Markers Product and Services
    • 2.1.4 Pilot Whiteboard Markers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.1.5 Pilot Recent Developments/Updates
  • 2.2 Newell Brands (Expo, Sharpie)
    • 2.2.1 Newell Brands (Expo, Sharpie) Details
    • 2.2.2 Newell Brands (Expo, Sharpie) Major Business
    • 2.2.3 Newell Brands (Expo, Sharpie) Whiteboard Markers Product and Services
    • 2.2.4 Newell Brands (Expo, Sharpie) Whiteboard Markers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.2.5 Newell Brands (Expo, Sharpie) Recent Developments/Updates
  • 2.3 Staedtler
    • 2.3.1 Staedtler Details
    • 2.3.2 Staedtler Major Business
    • 2.3.3 Staedtler Whiteboard Markers Product and Services
    • 2.3.4 Staedtler Whiteboard Markers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.3.5 Staedtler Recent Developments/Updates
  • 2.4 Edding
    • 2.4.1 Edding Details
    • 2.4.2 Edding Major Business
    • 2.4.3 Edding Whiteboard Markers Product and Services
    • 2.4.4 Edding Whiteboard Markers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.4.5 Edding Recent Developments/Updates
  • 2.5 Faber-Castell
    • 2.5.1 Faber-Castell Details
    • 2.5.2 Faber-Castell Major Business
    • 2.5.3 Faber-Castell Whiteboard Markers Product and Services
    • 2.5.4 Faber-Castell Whiteboard Markers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.5.5 Faber-Castell Recent Developments/Updates
  • 2.6 Pelikan
    • 2.6.1 Pelikan Details
    • 2.6.2 Pelikan Major Business
    • 2.6.3 Pelikan Whiteboard Markers Product and Services
    • 2.6.4 Pelikan Whiteboard Markers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.6.5 Pelikan Recent Developments/Updates
  • 2.7 BIC
    • 2.7.1 BIC Details
    • 2.7.2 BIC Major Business
    • 2.7.3 BIC Whiteboard Markers Product and Services
    • 2.7.4 BIC Whiteboard Markers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.7.5 BIC Recent Developments/Updates
  • 2.8 Lyreco
    • 2.8.1 Lyreco Details
    • 2.8.2 Lyreco Major Business
    • 2.8.3 Lyreco Whiteboard Markers Product and Services
    • 2.8.4 Lyreco Whiteboard Markers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.8.5 Lyreco Recent Developments/Updates
  • 2.9 Kores
    • 2.9.1 Kores Details
    • 2.9.2 Kores Major Business
    • 2.9.3 Kores Whiteboard Markers Product and Services
    • 2.9.4 Kores Whiteboard Markers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.9.5 Kores Recent Developments/Updates
  • 2.10 Arteza
    • 2.10.1 Arteza Details
    • 2.10.2 Arteza Major Business
    • 2.10.3 Arteza Whiteboard Markers Product and Services
    • 2.10.4 Arteza Whiteboard Markers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.10.5 Arteza Recent Developments/Updates
  • 2.11 ACCO Brands (Quartet)
    • 2.11.1 ACCO Brands (Quartet) Details
    • 2.11.2 ACCO Brands (Quartet) Major Business
    • 2.11.3 ACCO Brands (Quartet) Whiteboard Markers Product and Services
    • 2.11.4 ACCO Brands (Quartet) Whiteboard Markers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.11.5 ACCO Brands (Quartet) Recent Developments/Updates
  • 2.12 Pentel
    • 2.12.1 Pentel Details
    • 2.12.2 Pentel Major Business
    • 2.12.3 Pentel Whiteboard Markers Product and Services
    • 2.12.4 Pentel Whiteboard Markers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.12.5 Pentel Recent Developments/Updates
  • 2.13 Shachihata (Artline, Xstamper)
    • 2.13.1 Shachihata (Artline, Xstamper) Details
    • 2.13.2 Shachihata (Artline, Xstamper) Major Business
    • 2.13.3 Shachihata (Artline, Xstamper) Whiteboard Markers Product and Services
    • 2.13.4 Shachihata (Artline, Xstamper) Whiteboard Markers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.13.5 Shachihata (Artline, Xstamper) Recent Developments/Updates
  • 2.14 Kukuyo
    • 2.14.1 Kukuyo Details
    • 2.14.2 Kukuyo Major Business
    • 2.14.3 Kukuyo Whiteboard Markers Product and Services
    • 2.14.4 Kukuyo Whiteboard Markers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.14.5 Kukuyo Recent Developments/Updates
  • 2.15 Sakura
    • 2.15.1 Sakura Details
    • 2.15.2 Sakura Major Business
    • 2.15.3 Sakura Whiteboard Markers Product and Services
    • 2.15.4 Sakura Whiteboard Markers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.15.5 Sakura Recent Developments/Updates
  • 2.16 Mitsubishi Pencil
    • 2.16.1 Mitsubishi Pencil Details
    • 2.16.2 Mitsubishi Pencil Major Business
    • 2.16.3 Mitsubishi Pencil Whiteboard Markers Product and Services
    • 2.16.4 Mitsubishi Pencil Whiteboard Markers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.16.5 Mitsubishi Pencil Recent Developments/Updates
  • 2.17 Soni OfficeMate
    • 2.17.1 Soni OfficeMate Details
    • 2.17.2 Soni OfficeMate Major Business
    • 2.17.3 Soni OfficeMate Whiteboard Markers Product and Services
    • 2.17.4 Soni OfficeMate Whiteboard Markers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.17.5 Soni OfficeMate Recent Developments/Updates
  • 2.18 M&G
    • 2.18.1 M&G Details
    • 2.18.2 M&G Major Business
    • 2.18.3 M&G Whiteboard Markers Product and Services
    • 2.18.4 M&G Whiteboard Markers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.18.5 M&G Recent Developments/Updates
  • 2.19 Deli
    • 2.19.1 Deli Details
    • 2.19.2 Deli Major Business
    • 2.19.3 Deli Whiteboard Markers Product and Services
    • 2.19.4 Deli Whiteboard Markers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.19.5 Deli Recent Developments/Updates
  • 2.20 Comix
    • 2.20.1 Comix Details
    • 2.20.2 Comix Major Business
    • 2.20.3 Comix Whiteboard Markers Product and Services
    • 2.20.4 Comix Whiteboard Markers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.20.5 Comix Recent Developments/Updates
  • 2.21 Simbalion
    • 2.21.1 Simbalion Details
    • 2.21.2 Simbalion Major Business
    • 2.21.3 Simbalion Whiteboard Markers Product and Services
    • 2.21.4 Simbalion Whiteboard Markers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.21.5 Simbalion Recent Developments/Updates
  • 2.22 Beifa
    • 2.22.1 Beifa Details
    • 2.22.2 Beifa Major Business
    • 2.22.3 Beifa Whiteboard Markers Product and Services
    • 2.22.4 Beifa Whiteboard Markers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.22.5 Beifa Recent Developments/Updates
  • 2.23 Guangbo
    • 2.23.1 Guangbo Details
    • 2.23.2 Guangbo Major Business
    • 2.23.3 Guangbo Whiteboard Markers Product and Services
    • 2.23.4 Guangbo Whiteboard Markers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.23.5 Guangbo Recent Developments/Updates

3 Competitive Environment: Whiteboard Markers by Manufacturer

  • 3.1 Global Whiteboard Markers Sales Quantity by Manufacturer (2021-2026)
  • 3.2 Global Whiteboard Markers Revenue by Manufacturer (2021-2026)
  • 3.3 Global Whiteboard Markers Average Price by Manufacturer (2021-2026)
  • 3.4 Market Share Analysis (2025)
    • 3.4.1 Producer Shipments of Whiteboard Markers by Manufacturer Revenue ($MM) and Market Share (%): 2025
    • 3.4.2 Top 3 Whiteboard Markers Manufacturer Market Share in 2025
    • 3.4.3 Top 6 Whiteboard Markers Manufacturer Market Share in 2025
  • 3.5 Whiteboard Markers Market: Overall Company Footprint Analysis
    • 3.5.1 Whiteboard Markers Market: Region Footprint
    • 3.5.2 Whiteboard Markers Market: Company Product Type Footprint
    • 3.5.3 Whiteboard Markers Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Whiteboard Markers Market Size by Region
    • 4.1.1 Global Whiteboard Markers Sales Quantity by Region (2021-2032)
    • 4.1.2 Global Whiteboard Markers Consumption Value by Region (2021-2032)
    • 4.1.3 Global Whiteboard Markers Average Price by Region (2021-2032)
  • 4.2 North America Whiteboard Markers Consumption Value (2021-2032)
  • 4.3 Europe Whiteboard Markers Consumption Value (2021-2032)
  • 4.4 Asia-Pacific Whiteboard Markers Consumption Value (2021-2032)
  • 4.5 South America Whiteboard Markers Consumption Value (2021-2032)
  • 4.6 Middle East & Africa Whiteboard Markers Consumption Value (2021-2032)

5 Market Segment by Type

  • 5.1 Global Whiteboard Markers Sales Quantity by Type (2021-2032)
  • 5.2 Global Whiteboard Markers Consumption Value by Type (2021-2032)
  • 5.3 Global Whiteboard Markers Average Price by Type (2021-2032)

6 Market Segment by Application

  • 6.1 Global Whiteboard Markers Sales Quantity by Application (2021-2032)
  • 6.2 Global Whiteboard Markers Consumption Value by Application (2021-2032)
  • 6.3 Global Whiteboard Markers Average Price by Application (2021-2032)

7 North America

  • 7.1 North America Whiteboard Markers Sales Quantity by Type (2021-2032)
  • 7.2 North America Whiteboard Markers Sales Quantity by Application (2021-2032)
  • 7.3 North America Whiteboard Markers Market Size by Country
    • 7.3.1 North America Whiteboard Markers Sales Quantity by Country (2021-2032)
    • 7.3.2 North America Whiteboard Markers Consumption Value by Country (2021-2032)
    • 7.3.3 United States Market Size and Forecast (2021-2032)
    • 7.3.4 Canada Market Size and Forecast (2021-2032)
    • 7.3.5 Mexico Market Size and Forecast (2021-2032)

8 Europe

  • 8.1 Europe Whiteboard Markers Sales Quantity by Type (2021-2032)
  • 8.2 Europe Whiteboard Markers Sales Quantity by Application (2021-2032)
  • 8.3 Europe Whiteboard Markers Market Size by Country
    • 8.3.1 Europe Whiteboard Markers Sales Quantity by Country (2021-2032)
    • 8.3.2 Europe Whiteboard Markers Consumption Value by Country (2021-2032)
    • 8.3.3 Germany Market Size and Forecast (2021-2032)
    • 8.3.4 France Market Size and Forecast (2021-2032)
    • 8.3.5 United Kingdom Market Size and Forecast (2021-2032)
    • 8.3.6 Russia Market Size and Forecast (2021-2032)
    • 8.3.7 Italy Market Size and Forecast (2021-2032)

9 Asia-Pacific

  • 9.1 Asia-Pacific Whiteboard Markers Sales Quantity by Type (2021-2032)
  • 9.2 Asia-Pacific Whiteboard Markers Sales Quantity by Application (2021-2032)
  • 9.3 Asia-Pacific Whiteboard Markers Market Size by Region
    • 9.3.1 Asia-Pacific Whiteboard Markers Sales Quantity by Region (2021-2032)
    • 9.3.2 Asia-Pacific Whiteboard Markers Consumption Value by Region (2021-2032)
    • 9.3.3 China Market Size and Forecast (2021-2032)
    • 9.3.4 Japan Market Size and Forecast (2021-2032)
    • 9.3.5 South Korea Market Size and Forecast (2021-2032)
    • 9.3.6 India Market Size and Forecast (2021-2032)
    • 9.3.7 Southeast Asia Market Size and Forecast (2021-2032)
    • 9.3.8 Australia Market Size and Forecast (2021-2032)

10 South America

  • 10.1 South America Whiteboard Markers Sales Quantity by Type (2021-2032)
  • 10.2 South America Whiteboard Markers Sales Quantity by Application (2021-2032)
  • 10.3 South America Whiteboard Markers Market Size by Country
    • 10.3.1 South America Whiteboard Markers Sales Quantity by Country (2021-2032)
    • 10.3.2 South America Whiteboard Markers Consumption Value by Country (2021-2032)
    • 10.3.3 Brazil Market Size and Forecast (2021-2032)
    • 10.3.4 Argentina Market Size and Forecast (2021-2032)

11 Middle East & Africa

  • 11.1 Middle East & Africa Whiteboard Markers Sales Quantity by Type (2021-2032)
  • 11.2 Middle East & Africa Whiteboard Markers Sales Quantity by Application (2021-2032)
  • 11.3 Middle East & Africa Whiteboard Markers Market Size by Country
    • 11.3.1 Middle East & Africa Whiteboard Markers Sales Quantity by Country (2021-2032)
    • 11.3.2 Middle East & Africa Whiteboard Markers Consumption Value by Country (2021-2032)
    • 11.3.3 Turkey Market Size and Forecast (2021-2032)
    • 11.3.4 Egypt Market Size and Forecast (2021-2032)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2021-2032)
    • 11.3.6 South Africa Market Size and Forecast (2021-2032)

12 Market Dynamics

  • 12.1 Whiteboard Markers Market Drivers
  • 12.2 Whiteboard Markers Market Restraints
  • 12.3 Whiteboard Markers Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Whiteboard Markers and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Whiteboard Markers
  • 13.3 Whiteboard Markers Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Whiteboard Markers Typical Distributors
  • 14.3 Whiteboard Markers Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Whiteboard Markers. Industry analysis & Market Report on Whiteboard Markers is a syndicated market report, published as Global Whiteboard Markers Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Whiteboard Markers market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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