Office Peripherals and Products - Global Strategic Business Report

The global market for Office Peripherals and Products was estimated at US$48.3 Billion in 2023 and is projected to reach US$73.7 Billion by 2030, growing at a CAGR of 6.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

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.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Printers, Scanners & Photocopiers segment, which is expected to reach US$44.7 Billion by 2030 with a CAGR of a 5.8%. The Counterfeit Detectors segment is also set to grow at 7.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $12.7 Billion in 2023, and China, forecasted to grow at an impressive 9.5% CAGR to reach $17.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Office Peripherals and Products Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Office Peripherals and Products Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Office Peripherals and Products Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players in the Global Office Peripherals and Products Market such as AccuBANKER USA, American Shredder, Inc., Ameri-Shred, Aurora Corp. of America, Billcon Corp. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 36 companies featured in this Global Office Peripherals and Products market report include:

• 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.