North American Calculators Market

North American Calculators Market Size, Share, Growth Analysis, By Type(Basic Calculators, Scientific Calculators, Printing Calculators, Others), By Power Source(Electric, Battery, Solar), By Application(Engineering sector, Finance sector, Education sector, IT sector), By Region - Industry Forecast 2025-2032

Report ID: SQMIR25AF2006 | Region: Regional | Published Date: February, 2024
Pages: 260 | Tables: 93 | Figures: 75

North American Calculators Market Dynamics

North American Calculators Market Driver

The introduction of multipurpose calculators is driving the demand for calculators in the region.

  • Introduction of multipurpose calculators is driving the demand for calculators in the region. Printing calculators which could be used for multipurpose such as calculation and also for printing the statements of the computations are some of the major factors for its usage in small, medium, and large stores and other organizations. Similarly, the development of various models and increasing usability are some of the major drivers for the north American calculator market during the analysis period.

North American Calculators Market Restraint

Development in technology and the increasing use of smartphones and personal computers that provide inbuilt calculator applications are some of the major restraints.

  • Development in technology and increasing use of smartphones and personal computers that provide inbuilt calculator applications are some of the major restraints. Easy to carry and usability of calculator application in a smartphone make it a viable choice and people won’t have to carry a physical calculator for that. These are some of the factors that could slow down the North American market growth during the analysis period.
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North American Calculators Market size was valued at USD 519.73 Million in 2023 and is poised to grow from USD 529.6 Million in 2024 to USD 627.37 Million by 2032, growing at a CAGR of 1.9% during the forecast period (2025-2032).

The North American calculator market is relatively fragmented, with a high level of competition. Few large players, like Casio Computer Co. Ltd, Canon USA Inc, and Texas Instrument Inc., now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Sharp Electrics Corporation', 'HP Inc.', 'Texas Instruments Inc.', 'Canon Inc.', 'Casio Computer Co., Ltd.', 'Victor Technology LLC', 'Aurora Corporation of America', 'Monroe Systems for Business, Inc.', 'Datexx', 'Royal Consumer Information Products, Inc.', 'Innovera Inc.', 'Compucessory', 'Innopress', 'TruLam', 'Swingline', 'Victor', 'Dataproducts', 'Targus', 'Victorinox'

Introduction of multipurpose calculators is driving the demand for calculators in the region. Printing calculators which could be used for multipurpose such as calculation and also for printing the statements of the computations are some of the major factors for its usage in small, medium, and large stores and other organizations. Similarly, the development of various models and increasing usability are some of the major drivers for the north American calculator market during the analysis period.

Introduction of a new type of calculator which could perform graphical representation by computing the input is a major trend in the region. Also increasing demand for innovative and interactive technology to enhance the knowledge acquiring process is also one of the key factors for this buildup demand in the region. The use of calculators in educational institutes for better learning and problem solving are also some of the trends that were witnessed in the region during the forecast period and are expected to propel the North American calculator market through the analysis time.

In terms of revenue, the US accounted for the major market share for the calculators in the North American region. Home to large financial companies and major scientific research and development activities in the region aid to this dominance in North America. With the increasing use of calculators in financial computational problems, the US market is predicted to see tremendous growth during the analysis period. Literacy rates in US and Canada are also some of the major reasons for the awareness and use of calculators for various computational functions in the region. These are some of the factors that are expected to propel the demand for calculators in the region and drive the North American market growth during the forecast period.

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North American Calculators Market

Report ID: SQMIR25AF2006

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