The Office Peripherals and Products Market Size accounted for USD 44.2 Billion in 2023 and is estimated to achieve a market size of USD 71.6 Billion by 2032 growing at a CAGR of 5.6% from 2024 to 2032.
Office Peripherals and Products Market Highlights
- Global office peripherals and products market revenue is poised to garner USD 71.6 billion by 2032 with a CAGR of 5.6% from 2024 to 2032
- North America office peripherals and products market value occupied around USD 14.6 billion in 2023
- Asia-Pacific office peripherals and products market growth will record a CAGR of more than 6.3% from 2024 to 2032
- Among product, the printers, scanners, & photocopiers sub-segment generated USD 26.5 billion revenue in 2023
- Based on application, the business use sub-segment generated significant office peripherals and products market share in 2023
- Emerging markets offer opportunities for office items and peripherals is a popular office peripherals and products market trend that fuels the industry demand
The term office peripherals and products refer to the many devices and supplies used to assist daily office tasks. Printers, scanners, fax machines, copiers, and shredders are all examples of critical document handling and processing equipment. In addition, the category includes smaller products such as keyboards, mouse, and external hard drives that complement computers and increase productivity. Office products also include consumables such as paper, ink cartridges, and toner, which are required to operate a variety of peripherals. These components are essential for maintaining a workplace's efficiency and function, allowing for smooth communication, data management, and documentation processes. Office peripherals and supplies, whether for a small business or a large corporation, are critical for a well-equipped, productive workplace.
Global Office Peripherals and Products Market Dynamics
Market Drivers
- Demand for effective office automation and productivity tools is increasing
- Remote working is becoming more popular, necessitating home office equipment
- Advancements in technology are resulting in multipurpose and energy-efficient gadgets
- Global growth of small and medium-sized enterprises (SMEs)
Market Restraints
- High initial investment prices for advanced office peripherals
- Rapid obsolescence owing to technical advancements
- Environmental issues and e-waste disposal regulations
Market Opportunities
- Cloud-based office solutions that integrate with peripherals are becoming more popular
- Demand for eco-friendly and energy-efficient office products is increasing
- Cybersecurity measures for connected office equipment are becoming increasingly important
Office Peripherals and Products Market Report Coverage
Market |
Office Peripherals and Products Market
|
Office Peripherals and Products Market Size 2022 |
USD 44.2 Billion |
Office Peripherals and Products Market Forecast 2032 |
USD 71.6 Billion |
Office Peripherals and Products Market CAGR During 2023 - 2032 |
5.6% |
Office Peripherals and Products Market Analysis Period |
2020 - 2032 |
Office Peripherals and Products Market Base Year
|
2022 |
Office Peripherals and Products Market Forecast Data |
2023 - 2032 |
Segments Covered |
By Product, By Application, And By Geography
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled |
Ameri-Shred, Aurora Corp of America, AccuBANKER USA, Canon, Inc., Brother International Corporation, Royal Sovereign, American Shredder, Inc., Ricoh Company Ltd., Epson America, Inc., Godrej & Boyce Mfg. Co. Ltd., and Konica Minolta Business Solutions U.S.A., Inc.
|
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis |
Office Peripherals and Products Market Insights
The rising demand from workplaces in sectors such as IT, communication, transportation, customer care, banking and finance, educational institutions, and factory/production is providing profitable chances for the total industry. Furthermore, technological developments led by intensive R&D by product developers and manufacturers are generating a competitive environment, hence increasing market demand. These developments are attracting consumers to replace their existing products with newer versions, which is expected to drive the overall market at a significant pace over the office peripherals and products market forecast period.
The office peripherals and products market has been segmented by product into bill counters, coin sorters, counterfeit detectors, safes, deposit boxes, cash handlers, shredders (paper and plastic), laminators, printers, and scanners. The increasing number of offices and the establishment of new businesses worldwide are driving demand. Moreover, technological advancements in printers, desktop scanners, and other office peripherals are likely to fuel market demand over the forecast period.
Workplaces considered while estimating the market size include sectors such as IT, telecom, customer care, banking and finance, transportation, production of various industry verticals, educational institutions, government, stock exchange firms, civil sector, and construction. Products used exclusively for official purposes have been studied, whereas demand from the retail sector, including enterprises, shops, retail outlets, printing, scanning, and photocopy service providers, as well as the private sector, has not been evaluated.
Office Peripherals and Products Market Segmentation
The worldwide market for office peripherals and products is split based on product, application, and geography.
Office Peripherals and Products Market By Products
- Bill Counters
- Coin Sorters
- Counterfeit Detectors
- Safes, Deposit Boxes, & Cash Handlers
- Shredders (Paper & Plastics)
- Laminators
- Printers, Scanners, & Photocopiers
According to office peripherals and products industry analysis, the printers, scanners, and photocopiers sector is a major player in the market because these devices are crucial for everyday office work. They’re essential for handling documents and are widely used in places like schools, banks, hospitals, and corporate offices. The growing trend of digitalization, combined with the requirement for high-quality, efficient document handling, has created a need for modern, multipurpose printers and scanners. Furthermore, ongoing technology improvements, such as wireless networking and cloud integration, have increased the attractiveness of these items. As organizations prioritize productivity and efficiency, the need for dependable and versatile printing and scanning solutions remains high, ensuring the segment's global dominance.
Office Peripherals and Products Market By Applications
- Government use
- Business use
- Personal use
The business usage segment is expected to dominate the office peripherals and products market forecast period. office peripherals such as printers, scanners, and photocopiers are widely used by organizations on a regular basis, making this segment a key driver of market growth. Companies need these devices for effective document management, communication, and processing, which are critical for productivity and operational efficiency. As organizations grow and modernize, the demand for innovative and multipurpose office equipment rises. This category is further bolstered by the ongoing acceptance of digital solutions and the demand for high-volume document handling in corporate settings. As a result, the business usage sector is expected to dominate the market due to its considerable and growing demand for office peripherals.
Office Peripherals and Products Market Regional Outlook
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Office Peripherals and Products Market Regional Analysis
In terms of office peripherals and products market analysis, in Asia-Pacific, need for office supplies is relied upon to become attributable to expanding proficiency rate, developing populace, fast urbanization, and balancing out financial states of different nations. Japan and China are two of the most unmistakable assembling centers for these items. Expanding appropriation of office parts, favorable demographics, and approach changes have filled the Southeast Asian market. Nations, for example, U.S., U.K., Japan, China, India, Southeast Asian countries, and Australia are foreseen to create significant income throughout the following couple of years. The development of these nations can be ascribed to expanding government speculations, advancement of modified office supplies, rising number of assembling offices, thriving transportation and IT divisions, and development of the BFSI segment.
Office Peripherals and Products Market Players
Some of the top office peripherals and products companies offered in our report includes Ameri-Shred, Aurora Corp of America, AccuBANKER USA, Canon, Inc., Brother International Corporation, Royal Sovereign, American Shredder, Inc., Ricoh Company Ltd., Epson America, Inc., Godrej & Boyce Mfg. Co. Ltd., and Konica Minolta Business Solutions U.S.A., Inc.
CHAPTER 1. Industry Overview of Office Peripherals and Products Market
1.1. Definition and Scope
1.1.1. Definition of Office Peripherals and Products
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Office Peripherals and Products Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Office Peripherals and Products Market By Product
1.2.3. Office Peripherals and Products Market By Application
1.2.4. Office Peripherals and Products Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Office Peripherals and Products Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Office Peripherals and Products Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.8.1. Price Trend of Key Raw Materials
3.8.2. Raw Material Suppliers
3.8.3. Proportion of Manufacturing Cost Structure
3.8.3.1. Raw Material
3.8.3.2. Labor Cost
3.8.3.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2023
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2023
4.2. R&D Status of Major Manufacturers in 2023
CHAPTER 5. Office Peripherals and Products Market By Product
5.1. Introduction
5.2. Office Peripherals and Products Revenue By Product
5.2.1. Office Peripherals and Products Revenue (USD Million) and Forecast, By Product, 2020-2032
5.2.2. Bill Counters
5.2.2.1. Bill Counters Market Revenue (USD Million) and Growth Rate (%), 2020-2032
5.2.3. Coin Sorters
5.2.3.1. Coin Sorters Market Revenue (USD Million) and Growth Rate (%), 2020-2032
5.2.4. Counterfeit Detectors
5.2.4.1. Counterfeit Detectors Market Revenue (USD Million) and Growth Rate (%), 2020-2032
5.2.5. Safes, Deposit Boxes, & Cash Handlers
5.2.5.1. Safes, Deposit Boxes, & Cash Handlers Market Revenue (USD Million) and Growth Rate (%), 2020-2032
5.2.6. Shredders (Paper & Plastics)
5.2.6.1. Shredders (Paper & Plastics) Market Revenue (USD Million) and Growth Rate (%), 2020-2032
5.2.7. Laminators
5.2.7.1. Laminators Market Revenue (USD Million) and Growth Rate (%), 2020-2032
5.2.8. Printers, Scanners, & Photocopiers
5.2.8.1. Printers, Scanners, & Photocopiers Market Revenue (USD Million) and Growth Rate (%), 2020-2032
CHAPTER 6. Office Peripherals and Products Market By Application
6.1. Introduction
6.2. Office Peripherals and Products Revenue By Application
6.2.1. Office Peripherals and Products Revenue (USD Million) and Forecast, By Application, 2020-2032
6.2.2. Government use
6.2.2.1. Government use Market Revenue (USD Million) and Growth Rate (%), 2020-2032
6.2.3. Business use
6.2.3.1. Business use Market Revenue (USD Million) and Growth Rate (%), 2020-2032
6.2.4. Personal use
6.2.4.1. Personal Use Market Revenue (USD Million) and Growth Rate (%), 2020-2032
CHAPTER 7. North America Office Peripherals and Products Market By Country
7.1. North America Office Peripherals and Products Market Overview
7.2. U.S.
7.2.1. U.S. Office Peripherals and Products Revenue (USD Million) and Forecast By Product, 2020-2032
7.2.2. U.S. Office Peripherals and Products Revenue (USD Million) and Forecast By Application, 2020-2032
7.3. Canada
7.3.1. Canada Office Peripherals and Products Revenue (USD Million) and Forecast By Product, 2020-2032
7.3.2. Canada Office Peripherals and Products Revenue (USD Million) and Forecast By Application, 2020-2032
7.4. North America PEST Analysis
CHAPTER 8. Europe Office Peripherals and Products Market By Country
8.1. Europe Office Peripherals and Products Market Overview
8.2. U.K.
8.2.1. U.K. Office Peripherals and Products Revenue (USD Million) and Forecast By Product, 2020-2032
8.2.2. U.K. Office Peripherals and Products Revenue (USD Million) and Forecast By Application, 2020-2032
8.3. Germany
8.3.1. Germany Office Peripherals and Products Revenue (USD Million) and Forecast By Product, 2020-2032
8.3.2. Germany Office Peripherals and Products Revenue (USD Million) and Forecast By Application, 2020-2032
8.4. France
8.4.1. France Office Peripherals and Products Revenue (USD Million) and Forecast By Product, 2020-2032
8.4.2. France Office Peripherals and Products Revenue (USD Million) and Forecast By Application, 2020-2032
8.5. Spain
8.5.1. Spain Office Peripherals and Products Revenue (USD Million) and Forecast By Product, 2020-2032
8.5.2. Spain Office Peripherals and Products Revenue (USD Million) and Forecast By Application, 2020-2032
8.6. Rest of Europe
8.6.1. Rest of Europe Office Peripherals and Products Revenue (USD Million) and Forecast By Product, 2020-2032
8.6.2. Rest of Europe Office Peripherals and Products Revenue (USD Million) and Forecast By Application, 2020-2032
8.7. Europe PEST Analysis
CHAPTER 9. Asia Pacific Office Peripherals and Products Market By Country
9.1. Asia Pacific Office Peripherals and Products Market Overview
9.2. China
9.2.1. China Office Peripherals and Products Revenue (USD Million) and Forecast By Product, 2020-2032
9.2.2. China Office Peripherals and Products Revenue (USD Million) and Forecast By Application, 2020-2032
9.3. Japan
9.3.1. Japan Office Peripherals and Products Revenue (USD Million) and Forecast By Product, 2020-2032
9.3.2. Japan Office Peripherals and Products Revenue (USD Million) and Forecast By Application, 2020-2032
9.4. India
9.4.1. India Office Peripherals and Products Revenue (USD Million) and Forecast By Product, 2020-2032
9.4.2. India Office Peripherals and Products Revenue (USD Million) and Forecast By Application, 2020-2032
9.5. Australia
9.5.1. Australia Office Peripherals and Products Revenue (USD Million) and Forecast By Product, 2020-2032
9.5.2. Australia Office Peripherals and Products Revenue (USD Million) and Forecast By Application, 2020-2032
9.6. South Korea
9.6.1. South Korea Office Peripherals and Products Revenue (USD Million) and Forecast By Product, 2020-2032
9.6.2. South Korea Office Peripherals and Products Revenue (USD Million) and Forecast By Application, 2020-2032
9.7. Rest of Asia-Pacific
9.7.1. Rest of Asia-Pacific Office Peripherals and Products Revenue (USD Million) and Forecast By Product, 2020-2032
9.7.2. Rest of Asia-Pacific Office Peripherals and Products Revenue (USD Million) and Forecast By Application, 2020-2032
9.8. Asia Pacific PEST Analysis
CHAPTER 10. Latin America Office Peripherals and Products Market By Country
10.1. Latin America Office Peripherals and Products Market Overview
10.2. Brazil
10.2.1. Brazil Office Peripherals and Products Revenue (USD Million) and Forecast By Product, 2020-2032
10.2.2. Brazil Office Peripherals and Products Revenue (USD Million) and Forecast By Application, 2020-2032
10.3. Mexico
10.3.1. Mexico Office Peripherals and Products Revenue (USD Million) and Forecast By Product, 2020-2032
10.3.2. Mexico Office Peripherals and Products Revenue (USD Million) and Forecast By Application, 2020-2032
10.4. Rest of Latin America
10.4.1. Rest of Latin America Office Peripherals and Products Revenue (USD Million) and Forecast By Product, 2020-2032
10.4.2. Rest of Latin America Office Peripherals and Products Revenue (USD Million) and Forecast By Application, 2020-2032
10.5. Latin America PEST Analysis
CHAPTER 11. Middle East & Africa Office Peripherals and Products Market By Country
11.1. Middle East & Africa Office Peripherals and Products Market Overview
11.2. GCC
11.2.1. GCC Office Peripherals and Products Revenue (USD Million) and Forecast By Product, 2020-2032
11.2.2. GCC Office Peripherals and Products Revenue (USD Million) and Forecast By Application, 2020-2032
11.3. South Africa
11.3.1. South Africa Office Peripherals and Products Revenue (USD Million) and Forecast By Product, 2020-2032
11.3.2. South Africa Office Peripherals and Products Revenue (USD Million) and Forecast By Application, 2020-2032
11.4. Rest of Middle East & Africa
11.4.1. Rest of Middle East & Africa Office Peripherals and Products Revenue (USD Million) and Forecast By Product, 2020-2032
11.4.2. Rest of Middle East & Africa Office Peripherals and Products Revenue (USD Million) and Forecast By Application, 2020-2032
11.5. Middle East & Africa PEST Analysis
CHAPTER 12. Player Analysis Of Office Peripherals and Products Market
12.1. Office Peripherals and Products Market Company Share Analysis
12.2. Competition Matrix
12.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
12.2.2. New Product Launches and Product Enhancements
12.2.3. Mergers And Acquisition In Global Office Peripherals and Products Market
12.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 13. Company Profile
13.1. Ameri-Shred
13.1.1. Company Snapshot
13.1.2. Business Overview
13.1.3. Financial Overview
13.1.3.1. Revenue (USD Million), 2023
13.1.3.2. Ameri-Shred 2023 Office Peripherals and Products Business Regional Distribution
13.1.4. Product /Service and Specification
13.1.5. Recent Developments & Business Strategy
13.2. Aurora Corp of America
13.3. AccuBANKER USA
13.4. Canon, Inc.
13.5. Brother International Corporation
13.6. Royal Sovereign
13.7. American Shredder, Inc.
13.8. Ricoh Company Ltd.
13.9. Epson America, Inc.
13.10. Godrej & Boyce Mfg. Co. Ltd.
13.11. Konica Minolta Business Solutions U.S.A., Inc.