Our in-depth analysis of the global PC accessories market includes the following segments:
By Product Type
By Distribution 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.
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The global PC accessories market is further classified on the basis of region as follows:
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Abhishek Verma, Hetal Singh
Ans: Rising sales of personal computers, and increasing adoption of digitalization are some of the major factors driving the market growth.
Ans: The market is anticipated to attain a considerable CAGR over the forecast period, i.e., 2021-2029.
Ans: Increased dumping of low-cost products in the market is one of the major factors estimated to hamper the market growth.
Ans: 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.
Ans: 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.
Ans: 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.
Ans: The market is segmented by product type, end-user, distribution channel, and by region.
Ans: 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.