Office Peripherals and Products Market Worth
$51.65 Billion By 2025
The global office peripherals and products market is anticipated to reach USD 51.65 billion, by the end of 2025, and is
projected to grow at a CAGR of 5.4% over the forecast period, from 2018 to 2025. Rapid urbanization in developing
countries is opening up new businesses which are anticipated to propel the demand for office peripherals. In addition,
increasing demand for products like shredders, scanners, and printers is also boosting the market growth.
Moreover, a growing number of offices in sectors such as telecom, BFSI, IT, educational institutes, and transportation
are projected to impact positively on the market growth. Manufacturers are focusing a lot on investment in R & D and
advanced technologies to gain a competitive edge over others. The consumers are seeking for new & innovative
products, which are in turn anticipated to surge the demand for office products.
Office peripherals include coin sorters, safes, counterfeit detectors, cash handlers, shredders, scanners, photocopiers,
deposit boxes, laminators, and bill counters.
Based on product, photocopiers, scanners, and printers segment led the office peripherals & products market with the
highest share, in 2017. These products are essential in office related work. Furthermore, these products are widely used
in government offices, stock markets, and the BFSI sector for data collection and information handling purposes. The
shredders segment is projected to propel at a substantial rate during the forecast period, from 2018 to 2025.
In 2017, North America dominated the market. However, it is expected to lose its position to Asia Pacific in the next few
years. Asia Pacific is projected to exceed at the highest CAGR from 2018 to 2025. The growing manufacturing sector and
rapid urbanization are supporting the market growth in the region.
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