Office Peripherals and Products Market Report

Office Peripherals and Products Market Analysis Report By Product (Bill Counters, Shredders, Coin Sorters, Counterfeit Detectors, Laminators, Printers, Photocopiers, Scanners), And Segment Forecasts, 2018 - 2025

  • Published Date: Aug, 2018
  • Base Year for Estimate: 2017
  • Report ID: GVR-2-68038-438-3
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 167

Industry Insights

The global office peripherals and products market size was valued at USD 34.10 billion in 2017 and is expected to exhibit a CAGR of 5.4% during the forecast period. Increasing number of offices and setting up of new businesses worldwide is driving demand. Furthermore, technological advancements in printers, desktop scanners, and other office peripherals are likely to fuel market demand over the forecast period.

Offices considered while estimating market size include those in departments such as IT, telecom, customer care, banking and finance, transportation, factory/production of various industry verticals, educational institutes, government, stock market firms, civil sector, and construction. Products used only for official purposes have been taken into consideration, whereas, demand originating from the retail sector, including enterprises, shops, retail outlets, printing, scanning, and photocopy service providers, as well as the residential sector has not been estimated.

Japan office peripherals and products market

The global market is poised for unprecedented growth over the forecast period owing to high demand for essential supplies such as shredders, scanners, and counterfeit detectors. Growing demand for multifunctional equipment, such as printers, photocopiers, and scanners, in commercial avenues has been witnessing steady growth.

North America held the dominant market share in 2017 owing to presence of a substantial number of players and suppliers of office products. U.S. is one of the most prominent manufacturing hubs of office supplies. In the Asia Pacific region, Japan and China are currently at the forefront as far as office peripherals are concerned. These countries are projected to account for a significant share in the regional market over the forecast period.

Advancements in technologies that result in high manufacturing costs for peripherals such as shredders, all-in-one printers, bill counters, and coin sorters act as a restraining factor as the affordability of these essential supplies is hampered, especially in cases of small-scale businesses.

Product Insights

Based on product, the market has been segmented into bill counters, coin sorters, counterfeit detectors, safes, deposit boxes, and cash handlers, shredders (plastic and paper), laminators, and printers, scanners, and photocopiers. The printers, scanners, and photocopiers segment accounted for the dominant share in 2017 and is anticipated to retain its lead over the coming years.

Counterfeit money detectors are used in banks and financial institutions to avoid counterfeiting of currency and detect fake currency denominations. Rising need to tackle and overcome concerns associated with fake currency and illegal money laundering across the globe is generating considerable demand for counterfeit detectors. The segment is anticipated to register remarkable growth over the forecast period.

Office peripherals and products market

The paper shredder segment accounted for a significant share in the office peripherals and products market, particularly in the BFSI sector, stock market firms, and government organizations. This can be attributed to growing concerns associated with security of classified and sensitive data.

Regional Insights

Based on region, the market is segmented into North America, Europe, Asia Pacific (APAC), South America, and Middle East and Africa (MEA). North America and Asia Pacific are the most prominent markets in terms of revenue as well as shipment of printers, shredders, and counterfeit detectors.

Countries such as U.S., U.K., Japan, China, India, Southeast Asian nations, and Australia are anticipated to generate considerable revenue over the next few years. The growth of these countries can be attributed to increasing government investments, development of customized office supplies, rising number of manufacturing facilities, flourishing transportation and IT sectors, and growth of the BFSI sector.

In Asia Pacific, demand for office supplies is expected to grow owing to increasing literacy rate, growing population, rapid urbanization, and stabilizing economic conditions of various countries. Japan and China are two of the most prominent manufacturing hubs for these products. Increasing adoption of office components, favorable demographics, and policy reforms have fueled the Southeast Asian market.

Increase in government initiatives is expected to boost the establishment of start-ups in Europe, thereby driving this regional market. Moreover, introduction of favorable government policies such as legal protection and programs and policies to encourage start-ups is increasing the ease of doing businesses. Financial benefits such as tax returns and beneficial taxation schemes are also aiding regional market growth.

Office Peripherals and Products Market Share Insights

Key industries participants include HP Development Company, L.P.; Epson America, Inc.; Canon, Inc.; Royal Sovereign; AccuBANKER USA; ZY Tech Co., Ltd.; International Empire Traders; Ozone Group; Yale (ASSA ABLOY); American Shredder, Inc.; Ameri-Shred; Aurora Corp of America; Dahle North America, Inc.; Brother International Corporation; Konica Minolta Business Solution U.S.A., Inc.; and Ricoh Company Ltd.

In November 2017, HP Development Company, L.P. acquired the printer business of Samsung Electronics Co. Ltd. to expand its portfolio of printers. Furthermore, in April 2018, Epson America, Inc. introduced a new range of printers designed specifically for small- and medium-sized businesses. Manufacturers and service providers in this market are focusing on enhancing their product portfolios to stay ahead in the competition and expand their customer base worldwide.

Report Scope

Attribute

Details

Base year for estimation

2017

Actual estimates/Historical data

2014 - 2016

Forecast period

2018 - 2025

Market representation

Revenue in USD Million, Volume in Thousand Units, and CAGR from 2018 to 2025

Regional scope

North America, Europe, Asia Pacific, South America, and MEA

Country scope

U.S., Canada, Mexico, U.K., Germany, France, Japan, China, India, Australia, and Brazil

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of latest trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global office peripherals and products market report based on product and region:

  • Product Outlook (Revenue, USD Million, 2014 - 2025)

    • Bill Counters

    • Coin Sorters

    • Counterfeit Detectors

    • Safes, Deposit Boxes, & Cash Handlers

    • Shredders (Paper & Plastics)

    • Laminators

    • Printers, Scanners, & Photocopiers

  • Product Outlook (Volume Shipment, Thousand Units, 2014 - 2025)

    • Counterfeit Detectors

    • Shredders

    • Printers, Scanners, & Photocopiers

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

    • Asia Pacific

      • China

      • Japan

      • India

      • Australia

    • South America

      • Brazil

    • Middle East & Africa

Key questions answered by the report
Request for Customization

Choose License Type

Single User - $5,950
Multi User (2-5) - $7,950
Enterprise Access - $9,950

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • grand view research PCI DSS complaint grand view research paypal verified