Computer Peripheral Equipment Global Market Report 2023

Computer peripheral equipment is any device that is not essential to the computer's functioning but can be connected to it externally for added functionality.

The main types of computer peripheral equipment are mouse, keyboard, monitor, printer and scanner. A mouse is a handheld input device used to move cursor around a computer screen. The computer peripheral equipment can be wired or wireless and are implemented in various areas such as residential and commercial applications.

The global computer peripheral equipment market grew from $141.24 billion in 2022 to $146.66 billion in 2023 at a compound annual growth rate (CAGR) of 3.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The computer peripheral equipment market is expected to grow to $166.7 billion in 2027 at a CAGR of 3.3%.

The computer peripheral equipment market research report is one of a series of new reports that provides computer peripheral equipment market statistics, including computer peripheral equipment industry global market size, regional shares, competitors with a computer peripheral equipment market share, detailed computer peripheral equipment market segments, market trends and opportunities, and any further data you may need to thrive in the computer peripheral equipment industry. This computer peripheral equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the computer peripheral equipment market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, there has been an increased demand for laptops and related computer hardware as companies look to support their employees working from home. This demand is expected to negate some of the negative impact caused by the outbreak. It is expected that the computer peripheral equipment market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.

Portable folding keyboards are increasingly becoming popular due to small size and convenience it offers. These keyboards can be connected to devices such as phones, computers, and tablets and are the same size as a regular keyboard when unfolded. Portable folding keyboards are generally compatible with all major operating systems such as Windows, Android and iOS and can be charged using a USB port. Some of the portable folding keyboards include Microsoft's Universal Foldable Keyboard, iClever wireless folding keyboard, IKOS foldable keyboard.

In August 2022, HP Inc., a US-based information technology company acquired Poly for an undisclosed amount. The acquisition is anticipated to position the combined company for long-term sustainable growth and value creation, accelerate HP’s ambition to build a more growth-oriented portfolio, and further reinforce its industry opportunity in hybrid work solutions. Poly is a US-based provider of workplace collaboration solutions.

North America was the largest region in computer peripheral equipment market in 2022. Asia-Pacific was the second largest region in computer peripheral equipment market. The regions covered in the computer peripheral equipment market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the computer peripheral equipment market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam.

Data volume generated from personal devices and various business operations in many industries is rapidly increasing; this is expected to drive the demand for storage devices during the forecast period. For instance, the total data generated worldwide is projected to reach 163 zettabytes (ZB) by 2025. In order to manage this rising data volume, the demand for storage devices from both corporate and individual customers is expected to drive the computer peripheral equipment market in the forecast period.

The computer peripheral equipment market consists of sales of mouse, keyboard, monitor, printer and scanner that connect to a computer system to add functionality. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Major companies in the computer peripheral equipment market include Intel Corporation, Lenovo Group Limited, HP, Dell Technologies Inc., Seiko Epson Corp, America Movil, Fujifilm Corporation, Asustek Computer Inc., Sharp Corporation, and Brother Industries, Ltd.



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