PUBLISHER: Grand View Research | PRODUCT CODE: 1571741
PUBLISHER: Grand View Research | PRODUCT CODE: 1571741
Office Peripherals And Products Market Size, Share & Trends Analysis Report By Product (Bill Counters, Shredders, Coin Sorters, Counterfeit Detectors, Laminators, Printers), By Application (Business), By Region, And Segment Forecasts, 2024 - 2030
Office Peripherals And Products Market Growth & Trends:
The global office peripherals and products market size is expected to reach USD 59.6 billion by 2030, expanding at a CAGR of 6.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The adoption of office peripherals and products is expected to increase as rapid urbanization is triggering the establishment of new businesses, especially in developing economies across the world. Demand for essential office products, particularly printers and scanners, counterfeit detectors, and shredders, is projected to increase and drive the market at a notable pace.
Demand arising from offices in departments such as IT, telecom, transportation, customer care, banking and financial sector, educational institutes, and factory/production is offering lucrative opportunities to the overall market. Furthermore, technological advancements thanks to intense R&D by product developers and manufacturers to spearhead a competitive environment are fueling market demand. These developments are attracting consumers to replace their existing products with newer versions. This is expected to drive the overall market at a significant pace over the forecast period.
The office peripherals and products market has been segregated, based on product, into bill counters, coin sorters, counterfeit detectors, safes, deposit boxes, and cash handlers, shredders (paper and plastic), laminators, and printers, scanners, and photocopiers.
The printers, scanners, and photocopiers segment held the largest market share in 2017. These products are widely used in offices across industries and have become essentials for any office setup. They are used in educational institutes and universities, BFSI sector, stock markets and investment firms, and government offices to maintain records and produce these records whenever required. Shredders are used in different offices to shred paper and plastic films. The segment is anticipated to grow considerably from 2018 to 2025.
North America accounted for the largest market share but is projected to lose share to Asia Pacific over the forecast period. Asia Pacific is anticipated to demonstrate the highest growth rate on account of rapid urbanization, growing manufacturing activities in the region, rapid setting up of SMEs, and government programs that require office setups.
HP Development Company, L.P.; Epson America, Inc.; Canon Inc.; Royal Sovereign; Yale (ASSA ABLOY); Brother International Corporation; and Ricoh Company Ltd. are some of the key industry participants. These and others are constantly emphasizing on product innovation and enhancement of their products and solutions portfolios. They have determined lucrative opportunities being offered by various offices in different sectors and are therefore, focusing on providing customized solutions based on consumer requirements.
Office Peripherals And Products Market Report Highlights:
- Increasing number of small-scale businesses and start-ups is propelling demand for office products
- Growing concerns associated with penetration and circulation of fake currency in developing nations and necessary measures required to curb the movement of fake currency are driving demand for counterfeit detectors
- The shredders segment is expected to witness increasing demand from government offices, investment and stock market firms, and BFSI offices across the globe
- North America accounted for the largest market share owing to presence of prominent manufacturers
- Asia Pacific is expected to grow at the highest CAGR over the forecast period owing to rising urbanization in the region and increasing number of start-up businesses. Local product manufacturers in the region are targeting consumers by offering customized products at affordable prices
- Key industry participants include; Epson America, Inc.; Canon, Inc.; Zytech; HP Development Company, L.P; ZY Tech Co., Ltd.; Martin Yale Industries, LLC.; Ozone Group; Dahle North America, Inc.; American Shredder, Inc.; Ameri-Shred; Brother;
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Office Peripherals and Products Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Billion)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Office Peripherals and Products Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
- 3.4.1. Porter's Analysis
Chapter 4. Office Peripherals and Products Market: Product Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Office Peripherals and Products Market: Product Movement Analysis, 2023 & 2030 (USD Billion)
- 4.3. Bill Counters
- 4.3.1. Bill Counters Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4. Coin Sorters
- 4.4.1. Coin Sorters Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.5. Counterfeit Detectors
- 4.5.1. Counterfeit Detectors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.6. Safes, Deposit Boxes, & Cash Handlers
- 4.6.1. Safes, Deposit Boxes, & Cash Handlers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.7. Shredders (Paper & Plastics)
- 4.7.1. Shredders (Paper & Plastics) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.8. Laminators
- 4.8.1. Laminators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.9. Printers, Scanners, & Photocopiers
- 4.9.1. Printers, Scanners, & Photocopiers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.10. Other Products
- 4.10.1. Other Products Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Office Peripherals and Products Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Office Peripherals and Products Market: Application Movement Analysis, 2023 & 2030 (USD Billion)
- 5.3. Business Use
- 5.3.1. Business Use Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.4. Government Use
- 5.4.1. Government Use Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.5. Personal Use
- 5.5.1. Personal Use Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.6. Other Applications
- 5.6.1. Other Applications Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Office Peripherals and Products Market: Regional Estimates & Trend Analysis
- 6.1. Office Peripherals and Products Market Share, By Region, 2023 & 2030, USD Billion
- 6.2. North America
- 6.2.1. North America Office Peripherals and Products Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.2.2. U.S.
- 6.2.2.1. U.S. Office Peripherals and Products Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.2.3. Canada
- 6.2.3.1. Canada Office Peripherals and Products Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.2.4. Mexico
- 6.2.4.1. Mexico Office Peripherals and Products Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.3. Europe
- 6.3.1. Europe Office Peripherals and Products Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.3.2. UK
- 6.3.2.1. UK Office Peripherals and Products Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.3.3. Germany
- 6.3.3.1. Germany Office Peripherals and Products Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.3.4. France
- 6.3.4.1. France Office Peripherals and Products Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.3.5. Italy
- 6.3.5.1. Italy Office Peripherals and Products Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.3.6. Spain
- 6.3.6.1. Spain Office Peripherals and Products Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Office Peripherals and Products Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4.2. Japan
- 6.4.2.1. Japan Office Peripherals and Products Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4.3. China
- 6.4.3.1. China Office Peripherals and Products Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4.4. India
- 6.4.4.1. India Office Peripherals and Products Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4.5. Australia
- 6.4.5.1. Australia Office Peripherals and Products Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4.6. South Korea
- 6.4.6.1. South Korea Office Peripherals and Products Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.5. Latin America
- 6.5.1. Latin America Office Peripherals and Products Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.5.2. Brazil
- 6.5.2.1. Brazil Office Peripherals and Products Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Office Peripherals and Products Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.6.2. South Africa
- 6.6.2.1. South Africa Office Peripherals and Products Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.6.3. Saudi Arabia
- 6.6.3.1. Saudi Arabia Office Peripherals and Products Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.6.4. UAE
- 6.6.4.1. UAE Office Peripherals and Products Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis by Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Heat Map Analysis
- 7.4. Company Profiles
- 7.4.1. Epson America, Inc.
- 7.4.1.1. Participant's Overview
- 7.4.1.2. Financial Performance
- 7.4.1.3. Product Benchmarking
- 7.4.1.4. Recent Developments/Strategic Initiatives
- 7.4.2. Canon U.S.A., Inc.
- 7.4.2.1. Participant's Overview
- 7.4.2.2. Financial Performance
- 7.4.2.3. Product Benchmarking
- 7.4.2.4. Recent Developments/Strategic Initiatives
- 7.4.3. Zytech
- 7.4.3.1. Participant's Overview
- 7.4.3.2. Financial Performance
- 7.4.3.3. Product Benchmarking
- 7.4.3.4. Recent Developments/Strategic Initiatives
- 7.4.4. HP Development Company, L.P.
- 7.4.4.1. Participant's Overview
- 7.4.4.2. Financial Performance
- 7.4.4.3. Product Benchmarking
- 7.4.4.4. Recent Developments/Strategic Initiatives
- 7.4.5. Martin Yale Industries, LLC.
- 7.4.5.1. Participant's Overview
- 7.4.5.2. Financial Performance
- 7.4.5.3. Product Benchmarking
- 7.4.5.4. Recent Developments/Strategic Initiatives
- 7.4.6. American Shredder, Inc.
- 7.4.6.1. Participant's Overview
- 7.4.6.2. Financial Performance
- 7.4.6.3. Product Benchmarking
- 7.4.6.4. Recent Developments/Strategic Initiatives
- 7.4.7. Dahle North America, Inc.
- 7.4.7.1. Participant's Overview
- 7.4.7.2. Financial Performance
- 7.4.7.3. Product Benchmarking
- 7.4.7.4. Recent Developments/Strategic Initiatives
- 7.4.8. Brother
- 7.4.8.1. Participant's Overview
- 7.4.8.2. Financial Performance
- 7.4.8.3. Product Benchmarking
- 7.4.8.4. Recent Developments/Strategic Initiatives
- 7.4.9. Ricoh
- 7.4.9.1. Participant's Overview
- 7.4.9.2. Financial Performance
- 7.4.9.3. Product Benchmarking
- 7.4.9.4. Recent Developments/Strategic Initiatives
- 7.4.1. Epson America, Inc.
