GVR Report cover 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

  • Report ID: GVR-2-68038-438-3
  • Number of Pages: 167
  • Format: Electronic (PDF)

Report Overview

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. An 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.

Japan office peripherals and products market

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.

The global market is poised for unprecedented growth over the forecast period owing to the 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 the presence of a substantial number of players and suppliers of office products. The 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 the 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 the security of classified and sensitive data.

Regional Insights

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

Countries such as the 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 the 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.

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

Key Companies & 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.

Office Peripherals and Products Market Report Scope

Report Attribute


The market size value in 2020

USD 39,235.3 million

The revenue forecast in 2025

USD 51,653.9 million

Growth Rate

CAGR of 5.4% from 2018 to 2025

The base year for estimation


Historical data

2014 - 2016

Forecast period

2018 - 2025

Quantitative units

Revenue in USD million and CAGR from 2018 to 2025

Report coverage

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

Segments covered

Product and region.

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa.

Country scope

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

Key companies profiled

Royal Sovereign; AccuBANKER USA; ZY Tech Co.; Ltd.; International Empire Traders; Mycica; BILLCON CORPORATION; Ozone Group; Godrej & Boyce Manufacturing Company Limited; Yale (ASSA ABLOY); Global Safe Corporation; American Shredder; Inc.; Dahle North America; Inc.; Brother International Corporation; and Canon, Inc.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country; regional & segment scope.

Pricing and purchase options

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2014 to 2025. For 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

      • The U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

    • Asia Pacific

      • China

      • Japan

      • India

      • Australia

    • South America

      • Brazil

    • Middle East & Africa

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