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$50.8 Billion in the year 2024, is expected to reach US$73.7 Billion by 2030, growing at a CAGR of 6.4% over the analysis period 2024-2030. Printers, Scanners & Photocopiers, one of the segments analyzed in the report, is expected to record a 6.0% CAGR and reach US$44.7 Billion by the end of the analysis period. Growth in the Counterfeit Detectors segment is estimated at 8.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$13.2 Billion While China is Forecast to Grow at 9.6% CAGR

The Office Peripherals and Products market in the U.S. is estimated at US$13.2 Billion in the year 2024. 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 9.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.8% and 5.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.6% 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.

SCOPE OF STUDY:

The report analyzes the Office Peripherals and Products market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Printers, Scanners & Photocopiers, Counterfeit Detectors, Safes, Deposit Boxes & Cash Handlers, Coin Sorters, Bill Counters, Other Types)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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