London, 2 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global office presentation materials market 2015-2019, which is expected to grow at a CAGR of 2.36% during the forecast period of 2014-2019.
A rise in the number of new offices is a major factor that propels growth in this market. Other factors such as the increasing number of home-offices worldwide and growth of the existing offices also augment growth prospects in this market. Also, the growing number of SMEs in regions like APAC and the Americas has led to the increased consumption of office stationary products. Rapid economic development in these areas has resulted in the establishment of new offices, which in turn augments the demand for office stationary products.
“The market is witnessing diversification in the products and designs of stationery items. The growing demand for high-quality stationery items by offices worldwide has increased the demand for diversified and innovative products in the market,” says Faisal Ghaus, Vice President of Technavio.
“Vendors are increasingly focusing on new and innovative products and improved designs for end-users. The introduction of environmental regulations and standards by governments has also forced vendors to develop environmentally friendly office stationery.”
Key Market Drivers:
- Growing Working Population.
- Increased Demand for Office Space.
- Rising Demand from APAC.
- Expansion of SOHO Segment.
Key Market Trends:
- Increased Product and Design Diversification through R&D.
- Demand for Environment-friendly Products.
- Shift to Online Retail.
Key Market Vendors:
- 3M Co.
- Office Depot, Inc.
- Staples, Inc.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
