Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
The global PC accessories market is anticipated to garner a considerable CAGR over the forecast period, i.e., 2021-2029, on the back of increasing adoption of computers in various organizations for managing their day-to-day proceedings. Growing acceptance of process automation in numerous end-user industries is expected to be one of the major factors driving the market growth during the forecast period. the increasing manufacturing and sale of desktops and laptops across the globe, is projected to promote the market growth. More than 70 million desktops and over 200 million laptops were sold in 2020, globally. Moreover, increasing usage of personal computers by individuals as a mode of recreation, such as, gaming, is another major reason estimated to drive the market growth. Furthermore, the rising dependence on digitalization, backed by the changing lifestyle and technological advancement, is projected to significantly boost the market growth.
The global PC accessories market is bifurcated by product type into non-electronic, and electronic, out of which, the electronic segment is anticipated to hold the largest share during the forecast period. This growth can be attributed to the increasing need for electronic accessories such as printer, web camera, and microphones, amongst various business organizations. Based on the distribution channel, the market is segmented into online and offline, out of which, the online sector is foreseen to hold a major market share over the forecast period on the back of rapid penetration of internet, along with the ease of purchase and return of products through the online channel.
On the basis of regional analysis, the global PC accessories market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
The market in the North America is anticipated to hold the largest market share throughout the forecast period owing to the presence of major computer and computer accessories manufacturers in the region. In 2020, the computer manufacturing industry valued over USD 8 billion, in the United States. Moreover, growing IT sector, backed by rapidly evolving technology is further estimated to boost the regional market growth.
The market in the Asia Pacific is projected to witness highest CAGR during the forecast period on the back of increasing adoption of technology, expanding personal disposable income, and growing economic status of the middle-class consumer. Moreover, growing trend of online gaming is estimated to boost the market growth in the region. CLICK TO DOWNLOAD SAMPLE REPORT
The global PC accessories market is further classified on the basis of region as follows:
Our in-depth analysis of the global PC accessories market includes the following segments:
FREQUENTLY ASKED QUESTIONS
Rising sales of personal computers, and increasing adoption of digitalization are some of the major factors driving the market growth.
The market is anticipated to attain a considerable CAGR over the forecast period, i.e., 2021-2029.
Increased dumping of low-cost products in the market is one of the major factors estimated to hamper the market growth.
The market in the Asia Pacific will provide the highest growth opportunities for the market on the back of growing popularity of online gaming activities in the region.
The major players in the market are HP Inc., Canon, Inc., Logitech, Inc., Toshiba International Corporation, Western Digital Technologies, Inc., Seiko Epson Corporation and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by product type, end-user, distribution channel, and by region.
The electronic segment is anticipated to hold the largest market size over the forecast period, on the back of its increasing applications to enhance the functioning of computers in various end-user industries.
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