Global PC peripherals market expected to reach over US $84 billion by 2019, says Technavio

Renewable energy

 

This market research report segments the global PC peripherals market by product (printers, external HDD, pointing devices, PC gaming, combos and keyboards, headsets, and webcams) and by geography (EMEA, APAC, and the Americas). The report also includes and analysis of the key trends, drivers, and challenges that influence market growth. Leading companies analyzed in this market study include Canon, HP, Logitech, Seagate, Seiko Epson, Toshiba, and Western Digital.

Technavio’s market research analysts estimate the global PC peripherals market to grow at a CAGR of around 3% between 2015 and 2019. Much of this market’s growth can be attributed to the rising demand for printers due to the emergence of commercial printing services. The Americas dominate the global market for PC peripherals, accounting for around 44% of the total market share. Factors like the augmented sale of PC gaming devices, keyboards, and pointing devices are propelling the market growth in this region.

The new market research report from Technavio provides a breakdown and analysis of the PC peripherals segments by technology. 

“Of late, the customers have started purchasing PC peripherals mostly as replacements for their existing systems rather than purchasing new peripherals. This has boosted the sales of new and technologically advanced peripherals with more users inclined towards replacing their old peripherals. For instance, unlike earlier versions of the PlayStation console, the new ones offers wireless gaming consoles. Users have started buying these peripherals not only for gaming but for other utilities also,” says Navin Rajendra, Lead Analyst, IT Hardware, Technavio Research.

Printers are the major revenue contributors to the PC peripherals market, accounting for around 87% of the total market share. Rising global demand for inkjet printers and its improved efficiency and superior performance is boosting this segment’s growth. Moreover, augmented demand for colour printers is a key trend upcoming in the PC peripherals market. Growing shift towards color print impressions has increased the demand for high-speed continuous-feed inkjet printers. Increased application of these new technology printers like ultra-high volume inkjet printers have reduced the costs of color impressions sigificantly.

The leading vendors in the global PC peripherals market are Canon, HP, Logitech, Seagate, Seiko Epson, Toshiba, and Western Digital. Intense competition prevails in the market because the margins are lower and more vendors are entering the market. Moreover, presence of large number of local and global manufacturers in the PC peripherals market has resulted in the availability of a wide range of products at different price ranges.

A more detailed analysis is available in the Technavio report, Global PC Peripherals Market 2015-2019 – Market Research.

We can customize reports by other regions and specific segments upon request.

Other Related Reports: