PC Peripherals Market Size, Share, Growth Analysis, By Product Type (Input Devices, Output Devices), By Device Type, By Connectivity, By Region - Industry Forecast 2024-2031

Global PC Peripherals Market size was valued at USD 6.1 billion in 2022 and is poised to grow from USD 6.78 billion in 2023 to USD 15.73 billion by 2031, growing at a CAGR of 11.1% during the forecast period (2024-2031).

The digitalization of educational institutions is significantly boosting the demand for PC peripherals globally. With students increasingly enrolling in online courses from platforms like Coursera, Udemy, and BYJU's, this trend indicates a promising growth trajectory for the PC peripherals market, particularly in developing regions. The integration of virtual teaching and online learning by educational institutions is opening up new avenues for market expansion. Additionally, the evolution of computer peripheral devices is keeping pace with changing consumer preferences. Factors such as rising disposable incomes, the increasing need for external storage solutions, and declining prices of consumer peripherals are further propelling market growth. Overall, the outlook for the PC peripherals market remains strong as digital education continues to gain momentum.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Pc Peripherals market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Pc Peripherals Market Segmental Analysis

Global PC Peripherals Market is segmented by Product Type, Device Type, Connectivity, Distribution Channel, End Use, and Region. Based on Product Type the market is segmented into Input Devices, Output Devices, and Storage Devices. Based on Device Type, the market is segmented into PC, and Gaming Consoles. Based on Connectivity, the market is segmented into Wired, and Wireless. Based on Distribution Channel of Traders, the market is segmented into Offline, and Online. Based on End Use, the market is segmented into Residential Use, and Commercial Use. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Pc Peripherals Market

One of the key drivers of the global PC peripherals market is the rising trend of digitization within educational institutions worldwide. Schools and universities are increasingly adopting digital technologies to enhance teaching and learning processes, promoting educational excellence. This shift enables students and educators to access a wealth of resources anytime and anywhere, primarily through the use of laptops and desktop computers. As educational institutions implement online learning frameworks and digital courses, the demand for peripherals such as keyboards, mice, and other devices is expected to surge. Consequently, the expanding adoption of PCs, laptops, and notebooks in the education sector directly fuels the market for PC peripherals.

Restraints in the Global Pc Peripherals Market

The Global PC Peripherals market faces significant restraints due to the increasing prevalence of counterfeit products. Both brick-and-mortar stores and e-commerce platforms are inundated with these fake goods, which attract price-sensitive consumers due to their lower cost and appealing appearance. This trend intensifies competition in the market, particularly for legitimate brands, as counterfeit Bluetooth speakers and smart accessories become more accessible. Despite ongoing efforts by manufacturers to curtail the availability of counterfeit items across various distribution channels, including physical and online retailers worldwide, the enduring sales of these imitations pose a considerable challenge, ultimately hindering the growth of the global PC peripherals market.

Market Trends of the Global Pc Peripherals Market

The Global PC Peripherals market is witnessing a notable trend driven by increasing strategic alliances and merger & acquisition (M&A) activities among key players. These collaborations, such as the exclusive distribution agreement between Dicker Data and BluPeak and the joint investment between Western Digital Corp. and Toshiba Memory Corp. in production facilities, are fostering innovation and enhancing competitive capabilities in the industry. As companies pool their resources and expertise, they can accelerate product development, improve supply chain efficiencies, and better respond to evolving market demands. This surge in collaborative efforts is expected to bolster market growth and establish stronger footholds for vendors in a competitive landscape.