The global office equipment market is estimated to be valued at USD 2.5 billion by the end of 2017 and is likely to reach USD 3.7 billion by 2028, growing at a CAGR of 5.2% during 2018-2028. The printers segment accounted for the largest share in 2018 and will continue to do so over the forecast period followed by PCs, copiers, scanners, faxes, and answering machines segments respectively.
Office equipment refers to machines and devices that are used in the workplace for office-related activities. Office equipment is a category of business machine that includes computers, calculators, faxes, photocopiers, printers as well as other types of office technology such as scanners or answering machines.
On the basis of type, the global office equipment market is segmented into printers, computers, fax machines, photocopiers, and copiers.
A printer is a device that produces a hard copy of digital data. It works by using an inkjet or toner process to create documents on paper, transparencies, cloth, and other materials. Printers are also called typewriters for some reason. The most common types of printers are inkjet, laser, and dot matrix. Inkjets use liquid or solid inks to produce the output on paper via tiny droplets that usually fall onto a printing plate covered with the ink. Laser printers work by passing an electric beam over an electron-emitting device called a cathode ray tube (CRT), which produces a beam of electrons. These electrons are accelerated and focused to produce an intense point in the form of a red dot on paper or other material, leaving behind black marks as they pass over it. Dot-matrix printers work by striking rows of pins against ink-soaked cloth ribbons that allow them to be drawn across the printing surface.
PCs are complete computer systems, which include the CPU and motherboard, storage devices such as hard disk drives (HDDs), solid-state disks (SSDs), or flash memory card readers and interfaces for connecting peripherals to the system. PCs can be categorized by their size: desktop computers typically use a tower case with a monitor and keyboard, while laptops and tablet computers are more compact.
A fax machine is an electronic device that sends and receives documents over a telephone line, using the standard G. Faxes are widely used in offices because it offers more reliability for sending important files than e-mailing them or delivering them by hand.
A photocopier is a machine that produces multiple copies of documents and images on paper. In addition to making many duplicates at a time, copiers also offer features like collation (arranging the document in order) and stapling. Photocopy machines are not only used for big office buildings but also in homes or small offices as well. They can be either analog (using film) or digital (scanning an image).
Copiers are the most common type of printer that is used in offices. Copier machines allow people to copy documents, photographs, and other printed materials by making a one-to-one copy on regular paper. They range from small desktop models up to large floor standing devices with automatic document feeders for high-volume copying jobs.
On the basis of application, the global office equipment market is segmented into office buildings, schools, hospitals, and government organizations.
Office buildings have various types of office equipment which is used for different purposes. Some of the common devices in an office building are printers, scanners, faxes, and answering machines. These devices can be found near a company's reception desk or on individual desks where employees work. There are also other devices including PCs (personal computers), copiers, and photocopiers.
Office equipment is used in schools for various purposes. For example, photocopy machines and printers can be found in most classrooms to help students with projects or presentations. These types of office equipment allow teachers to save a lot on paper costs because they do not have to buy as many copies as before.
The use of office equipment in hospitals is varied. It ranges from medical devices and digital imaging systems to areas such as X-ray, ultrasound, MRI machines, or CT scanners where the usage of this technology depends on the particular function which each machine provides.
Office equipment is used in hospitals for various purposes. It is mainly being applied by the medical personnel to gather and store data about patients, order tests, receive test results as well as manage appointments with their physicians. Additional uses include checking the lab values of a patient or reviewing radiographs taken at different times on an individual's file.
Some other important office equipments in hospitals are:
- Copiers that are used for copying documents, images, and charts. It can also be used to make multiple copies of the same document at one time without going back and forth between a scanner and printer.
- Faxes, which provides instantaneous transmission of information from one location to another. Some hospitals additionally utilize software that automatically scans and faxes a document if the destination number is entered.
- Scanners, which capture an image of documents such as x-rays or other clinical images in order to digitize them for storage on computer systems.
The information obtained from these devices is then used by medical personnel to diagnose and treat patients.
Government organizations are looking for increased productivity through the use of office equipment in order to maintain a sustainable level of growth. Office equipment such as printers, PCs, and scanners which offer high levels of efficiency have been able to help government agencies meet their goals.
On the basis of region, the global office equipment market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
In 2016 the North American region accounted for over 47% of total revenue generated by the market while in 2028 it is expected to account for around 39%.
Middle East & Africa are predicted to grow at a CAGR of around 11% from 2017 to 2028.
Europe is expected to grow at a CAGR of about 17%. In 2021, the revenue in Europe will be approximately $19 billion which is higher than North America and Latin America combined.
In 2016 the Asia Pacific accounted for over 40% of total market revenue and it is expected to account for 49% of the total revenue in 2028.
Latin America is expected to grow at a CAGR of over 16%. The market size in Europe will be $19 billion by 2021 which is higher than North America and Latin America combined.
The growth will be fueled by the increasing penetration of newer technologies such as cloud computing and IoT (Internet of Things) devices into various sectors which are driving up demand for new technology-driven products. These are also enabling higher productivity levels across different industries that further enhance demand for them.
The major drivers for this growth are Increasing demand from SMEs and startups with an aim to reduce operational costs; the Rising need for more advanced technologies which lead to increased spending on IT products in the long run; Competitive outsourcing made available by cloud computing services as well as mobile applications that make it easy to work anywhere anytime. However, factors such as lack of a skilled workforce and increasing regulatory control over data privacy will hamper the market growth rate during the forecast period.
Up Market Research published a new report titled “Office Equipment Market research report which is segmented by Types (Printers, PCs, Copiers, Scanners, Faxes, Answering machines), By Applications (Office building, School, Hospital, Government organization), By Players/Companies 3M, BIC, HAMELIN, ICO, LYRECO, WHSmith, Mitsubishi, Aurora, Newell, Pilot, Samsung, ACCO, Brother International, Canon, Crayola, Faber-Castell, Dixon Ticonderoga, American Greetings, Letts Filofax Group, Pentel”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Office Equipment Market Research Report|
|By Type||Printers, PCs, Copiers, Scanners, Faxes, Answering machines|
|By Application||Office building, School, Hospital, Government organization|
|By Companies||3M, BIC, HAMELIN, ICO, LYRECO, WHSmith, Mitsubishi, Aurora, Newell, Pilot, Samsung, ACCO, Brother International, Canon, Crayola, Faber-Castell, Dixon Ticonderoga, American Greetings, Letts Filofax Group, Pentel|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||207|
|Number of Tables & Figures||145|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Printers, PCs, Copiers, Scanners, Faxes, Answering machines and By Application Office building, School, Hospital, Government organization.
Some of the companies that are profiled in this report are:
Office Equipment Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Office Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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