Global Office Equipment Market by Type (Printers, PCs, Copiers, Scanners, Faxes, Answering machines), By Application (Office building, School, Hospital, Government organization) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
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.
Printers
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.
Computers
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.
Fax Machines
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.
Photocopiers
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
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
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.
Schools
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.
Hospitals
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
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.
Growth Factors
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 Scope
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 |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
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.
Global Office Equipment Market Report Segments:
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:
- 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
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:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Office Equipment Market
Overview of the regional outlook of the Office Equipment Market:
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.
Highlights of The Office Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Office Equipment Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Printers
2. PCs
3. Copiers
4. Scanners
5. Faxes
6. Answering machines
7. By Application:1. Office building
2. School
3. Hospital
4. Government organization
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Office Equipment Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Office Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Office Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Office Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Office Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Office Equipment Market Size & Forecast, 2018-2028
4.5.1 Office Equipment Market Size and Y-o-Y Growth
4.5.2 Office Equipment Market Absolute $ Opportunity
Chapter 5 Global Office Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Office Equipment Market Size Forecast by Type
5.2.1 Printers
5.2.2 PCs
5.2.3 Copiers
5.2.4 Scanners
5.2.5 Faxes
5.2.6 Answering machines
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Office Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Office Equipment Market Size Forecast by Applications
6.2.1 Office building
6.2.2 School
6.2.3 Hospital
6.2.4 Government organization
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Office Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Office Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Office Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Office Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Office Equipment Market Size Forecast by Type
9.6.1 Printers
9.6.2 PCs
9.6.3 Copiers
9.6.4 Scanners
9.6.5 Faxes
9.6.6 Answering machines
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Office Equipment Market Size Forecast by Applications
9.10.1 Office building
9.10.2 School
9.10.3 Hospital
9.10.4 Government organization
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Office Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Office Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Office Equipment Market Size Forecast by Type
10.6.1 Printers
10.6.2 PCs
10.6.3 Copiers
10.6.4 Scanners
10.6.5 Faxes
10.6.6 Answering machines
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Office Equipment Market Size Forecast by Applications
10.10.1 Office building
10.10.2 School
10.10.3 Hospital
10.10.4 Government organization
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Office Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Office Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Office Equipment Market Size Forecast by Type
11.6.1 Printers
11.6.2 PCs
11.6.3 Copiers
11.6.4 Scanners
11.6.5 Faxes
11.6.6 Answering machines
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Office Equipment Market Size Forecast by Applications
11.10.1 Office building
11.10.2 School
11.10.3 Hospital
11.10.4 Government organization
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Office Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Office Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Office Equipment Market Size Forecast by Type
12.6.1 Printers
12.6.2 PCs
12.6.3 Copiers
12.6.4 Scanners
12.6.5 Faxes
12.6.6 Answering machines
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Office Equipment Market Size Forecast by Applications
12.10.1 Office building
12.10.2 School
12.10.3 Hospital
12.10.4 Government organization
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Office Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Office Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Office Equipment Market Size Forecast by Type
13.6.1 Printers
13.6.2 PCs
13.6.3 Copiers
13.6.4 Scanners
13.6.5 Faxes
13.6.6 Answering machines
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Office Equipment Market Size Forecast by Applications
13.10.1 Office building
13.10.2 School
13.10.3 Hospital
13.10.4 Government organization
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Office Equipment Market: Competitive Dashboard
14.2 Global Office Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3M
14.3.2 BIC
14.3.3 HAMELIN
14.3.4 ICO
14.3.5 LYRECO
14.3.6 WHSmith
14.3.7 Mitsubishi
14.3.8 Aurora
14.3.9 Newell
14.3.10 Pilot
14.3.11 Samsung
14.3.12 ACCO
14.3.13 Brother International
14.3.14 Canon
14.3.15 Crayola
14.3.16 Faber-Castell
14.3.17 Dixon Ticonderoga
14.3.18 American Greetings
14.3.19 Letts Filofax Group
14.3.20 Pentel