Office Peripherals and Products

Office Peripherals and Products

Global Office Peripherals and Products Market to Reach US$73.7 Billion by 2030

The global market for Office Peripherals and Products estimated at US$48.3 Billion in the year 2023, is expected to reach US$73.7 Billion by 2030, growing at a CAGR of 6.2% over the analysis period 2023-2030. Printers, Scanners & Photocopiers, one of the segments analyzed in the report, is expected to record a 5.8% CAGR and reach US$44.7 Billion by the end of the analysis period. Growth in the Counterfeit Detectors segment is estimated at 7.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$12.7 Billion While China is Forecast to Grow at 9.5% CAGR

The Office Peripherals and Products market in the U.S. is estimated at US$12.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$17.1 Billion by the year 2030 trailing a CAGR of 9.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.7% and 4.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.

Global Office Peripherals and Products Market - Key Trends and Drivers Summarized

How Are Office Peripherals and Products Evolving in the Digital Workspace?

Office peripherals and products encompass a wide range of devices that support daily office operations, including printers, scanners, projectors, shredders, and other office accessories. As workplaces transition towards digital and hybrid models, the demand for advanced office peripherals that enhance productivity, connectivity, and efficiency is on the rise. Modern office products are integrating features like wireless connectivity, cloud compatibility, and multifunctionality, enabling seamless communication and document management. With the growing emphasis on remote work and collaborative tools, the office peripherals market is adapting to new workspace dynamics, offering products that cater to both in-office and home-office environments.

What Are the Key Segments in the Office Peripherals and Products Market?

Major product types include printers, scanners, multifunction devices (MFDs), shredders, and projectors, with printers and MFDs holding the largest market share due to their versatility in handling printing, scanning, and copying tasks. In terms of connectivity, products are classified into wired and wireless categories, with wireless peripherals experiencing rapid growth due to the increasing adoption of mobile and cloud-based work solutions. Key end-users include corporate offices, educational institutions, government agencies, and small and medium-sized enterprises (SMEs), all of which require reliable office peripherals for efficient document handling and communication.

How Are Office Peripherals and Products Being Integrated Across Workspaces?

Corporate offices rely heavily on multifunction devices that combine printing, scanning, copying, and faxing capabilities, reducing equipment costs and saving space. Educational institutions use projectors, interactive whiteboards, and printers to enhance classroom learning and administrative functions. Government agencies and financial institutions require high-security shredders and scanners to manage sensitive documents, ensuring compliance with data protection regulations. In the SME sector, cloud-compatible printers and wireless peripherals are popular due to their flexibility and ease of integration in hybrid work setups. Additionally, home offices are increasingly equipped with compact, multifunctional devices that support remote work, enabling employees to maintain productivity from anywhere.

What Factors Are Driving the Growth in the Office Peripherals and Products Market?

The growth in the Office Peripherals and Products market is driven by several factors, including the shift towards hybrid and remote work models, which has increased demand for versatile and cloud-enabled office devices. The growing reliance on digital communication and document management has fueled the adoption of multifunction devices that offer printing, scanning, and copying in a single unit. Technological advancements, such as wireless connectivity, mobile printing, and secure cloud integration, have further enhanced the functionality and appeal of office peripherals. The rise of co-working spaces, small offices, and remote work setups has also contributed to increased demand for compact and cost-effective office products. Additionally, the need for secure document handling in government, finance, and healthcare sectors has driven investments in high-performance scanners and shredders, supporting market growth.

Select Competitors (Total 36 Featured) -

• AccuBANKER USA
• American Shredder, Inc.
• Ameri-Shred
• Aurora Corp. of America
• Billcon Corp.
• Brother International Corporation
• Canon, Inc.
• Dahle North America, Inc.
• Epson America, Inc.
• Global Safe Corporation
• Godrej & Boyce Manufacturing Company Limited
• HP Development Company, L.P.
• INKAS Safe Manufacturing
• International Empire Traders
• Konica Minolta Business Solutions U.S.A., Inc.
• Mycica
• Ozone Group
• Ricoh Company Ltd.
• Royal Sovereign
• Sharp Corporation
• Staples, Inc.
• Xerox Corporation
• Yale (ASSA ABLOY)
• ZY Tech Co., Ltd.

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