Global Office Peripherals and Products Market is valued approximately at USD XXX billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.4% over the forecast period 2022-2029. Office Peripherals and Products include Bill Counters, Coin Sorters, Counterfeit Detectors, Safes, Deposit Boxes, & Cash Handlers, Shredders (Paper & Plastics), Laminators, Printers, and Scanners. The key factor driving the market growth is rising technological advancement in office equipment, and growing number of offices and setting up of new businesses.
According to Statista, in 2015, globally the estimated number of companies was approx. 296.48 million and in 2021, the number reached 333.34 million. As a result, rise in number of companies and new business would create lucrative demand for the market. Also, rapid urbanization and flourishing private sector is likely to increase the market growth during the forecast period. However, the high initial investment is required for products and equipment and requirement of continuous updates because of rapid development in technology stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Office Peripherals and Products Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the dominating region across the world in terms of market share, owing to the rising government investments, increasing number of manufacturing facilities, development of customized office supplies, and flourishing transportation, Asia Pacific is also anticipated to exhibit highest growth rate over the forecast period, owing to factors such as rising literacy rate, rapid urbanization, increasing population, and stabilizing economic conditions of various countries, would create lucrative growth prospects for the global Office Peripherals and Products Market across the Asia Pacific region.
Major market players included in this report are:
ZY Tech Co. Ltd.
International Empire Traders
Godrej & Boyce Manufacturing Company Limited
Yale (ASSA ABLOY)
Global Safe Corporation
Recent Developments in the Market:
In 2019, Office Depot collaborated with Alibaba Group Holding Ltd. to increase its capacity to distribute products globally.
In 2021, French stationery manufacturer Bureau Vallee has adopted Openbravo software to its technological foundation to improve its supply chain capabilities in France, Belgium, and the other 13 European nations.
Global Office Peripherals and Products Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Safes, Deposit Boxes, & Cash Handlers
Shredders (Paper & Plastics)
Printers, Scanners, & Photocopiers
Rest of the World