What is the global market size of PC Peripherals Market?

PC Peripherals Market size was valued at USD 6159.67 million in 2021 and is poised to grow from USD 7203.8 million in 2022 to USD 14396.4 million by 2030, growing at a CAGR of 9.9% in the forecast period (2023-2030).

PC Peripherals Market Size, Share, Growth Analysis, By Product Type(Input Devices, Output Devices, Storage Devices), By Device Type(PC, Gaming Consoles), By Connectivity(Wired PC Peripherals, Wireless PC Peripherals), By Distribution Channel(Offline, Online), By End-use(Residential Use, Commercial Use), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45I2147 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 140 | Figures: 78

PC Peripherals Market Insights

PC Peripherals Market size was valued at USD 6159.67 million in 2019 and is poised to grow from USD 7203.8 million in 2023 to USD 14396.4 million by 2031, growing at a CAGR of 9.9% in the forecast period (2024-2031).

Digitalization of educational institutes is heavily fueling the demand for PC peripherals in the global market. Students can sign up for a variety of courses offered by many other online education companies, including Coursera, Udemy, BYJU's, edX, and Unacademy. Therefore, it is projected that growing digitalization, particularly in developing countries, will increase PC Peripherals Market size throughout the assessment period. Various institutions are incorporating virtual teaching and online courses thus, creating lucrative growth opportunities for the market. Computer peripheral devices are rapidly evolving to cater to shifting consumer demands. Increase of disposable income, demand for external storage, and dropping prices of consumer peripherals will drive market growth.

US PC Peripherals Market is poised to grow at a sustainable CAGR for the next forecast year.

PC Peripherals Market Report Snapshots

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The PC peripherals business is moderately fragmented with the top companies controlling the majority of the market. Among the growth tactics used by significant vendors are product launches, product launches and collaborations. Players are making large investments in the ancillary gadgets to fulfill the shifting wants of consumers. Important players are also spending money on research and development projects to increase and improve accessories and peripherals. The businesses are concentrating on creating new or significantly enhanced items and procedures. 'Canon Inc.', 'Dell Technologies Inc', 'HP Inc.', 'Logitech International S.A.', 'Microsoft Corporation', 'Acer Inc.', 'ASUSTeK Computer Inc.', 'Lenovo Group Limited', 'Apple Inc.', 'Samsung Electronics Co., Ltd.', 'Epson America, Inc.', 'Brother Industries, Ltd.', 'Seagate Technology LLC', 'Toshiba Corporation', 'Western Digital Corporation', 'Intel Corporation', 'Advanced Micro Devices, Inc.', 'NVIDIA Corporation', 'Corsair Components Inc.', 'Razer Inc.'

Increasing digitization of the educational institutions: Globally, educational institutions are modernizing and embracing digitalization to streamline the processes of teaching and learning and achieve educational excellence. Students and teachers now have better access to resources because of digitization. For instance, students can access study materials at any time, anywhere, using their laptops and desktop computers. Therefore, during the projection period, the demand for PC peripherals would benefit from the increasing need for devices like PCs and laptops in the education sector. Many schools are implementing online learning strategies and offering courses online, allowing students to learn at their own convenience. The market for PC peripherals will be driven by the increased demand for PCs, laptops, and notebooks across educational institutions as a result of the increase in digitalization.

Market vendors can strengthen their position as market leaders in their own PC peripheral industries thanks to an increase in strategic alliances and acquisitions. These partnerships work to strengthen joint development programmes, increase technological competition, and allocate cash in accordance with market trends. For instance, Dicker Data and BluPeak, a seller of PC hardware and peripherals, entered into an exclusive distribution arrangement. Similar to this, Western Digital Corp. (Western Digital) and Toshiba Memory Corp. (Toshiba Memory) signed a deal to invest together in the K1 production plant that Toshiba Memory is currently building in Kitakami, Iwate Prefecture, Japan. A rise in M&A activity of this magnitude will benefit the market.

Based on the region, the North American region currently dominates the global PC peripherals market. The U.S. market is anticipated to contribute most to the growth of the regional market. Another significant aspect influencing the industry in the region is the presence of the most well-known businesses there. For instance, Apple said in April 2022 that it would introduce two new Macs at WWDC 2022.

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