Laptop Accessories Market Overview
This Laptop Accessories Analysis market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape.
Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Laptop Accessories Analysis market.
Global Laptop Accessories Market Outlook
The growth in sales of consumer electronics products is fueling at a significant rate due to increasing customers which in turn is fueling the growth of the accessories associated with them. Laptop being a rapidly growing consumer electronics product is positively influencing the growth of laptop accessories market.
Moreover, short life period of the laptop accessories supports their growth in terms of volume as customers need to buy laptop accessories in an average time period of 3-5 years. On other hand innovation pertaining to laptop accessories are encouraging the customers to purchase the new product which in turn significantly boosts the growth of the market.
Commercial segment including corporate offices, manufacturing industries, and others is expected to hold a significant share in the global laptop accessories market due to increasing use of laptops due to its benefits like portability, light weight and other features. On back of these factors the global laptop accessories market is expected to witness a significant growth during the forecast period.
Global Laptop Accessories Market: Market Dynamics
Drivers for Laptop Accessories Market
Increasing purchasing power in developing countries such as Thailand, Brazil, India, China and others allows the consumers to spend more on their consumer electronics which in turn is increasing sales of the laptop accessories. Increasing number of corporate offices across the globe is significantly boosting the sales of laptop accessories market. Moreover, an increase in urbanization, disposable income and e-commerce penetration are expected to fuel growth of the laptop accessories market in South Asia and East Asia. On other hand, ease in availability of the laptop accessories at department stores is positively influencing growth of the market.
Trends for Laptop Accessories Market
Key players in the marketer are showing increasing focus on increasing the battery storage features, fast charging features in laptop chargers and quality enhancement in other product to increase the sales of products in terms of volume. Company are principally engaged in increasing the sales of laptop accessories by pushing the product through showrooms and campaigns. Increasing company spending on advertisement of the laptop accessories through social media network like Instagram, Facebook and others is expected to attract customers towards laptops accessories which in turn is expected to boost sales of the market during the forecast period.
Opportunities for Laptop Accessories Market
Due to external factors like technological advancements in Wi-Fi, Bluetooth, Infrared and internal factors like minimization of overall weight of accessories the laptop accessories market is expected to witness a significant growth during the forecast period. Moreover, product innovation with cost-effectiveness is expected to bring a boom in the global laptop accessories market.
Challenges for Laptop Accessories market
The increasing availability of low cost counterfeit products poses a significant challenge to the growth of laptop accessories market in South Asia and East Asia countries such as China, India, Taiwan and Indonesia and others.
Laptop Accessories Market: Regional Outlook
East Asia and South Asia together are expected to hold a prominent share in the global laptop accessories market due to presence of large number of corporate offices in the region. Moreover, high e-commerce penetration in the regions are showing an increasing sales of laptop accessories through residential segment.
Key players in North America and Europe are involved in launching new product with innovative technology to cater the surge of customers. On the other hand, effect of recession in Latin America is hindering the growth of laptop accessories market in the region. Growth of consumer electronics products in UAE due to increasing industrialization is positively influencing growth of laptop accessories market in Middle East & Africa.
Global Laptop Accessories Market: Key Players
Some of the key players operating in the global Laptop Accessories market are Fellowes Brands, Hama GmbH & Co KG., Bourns Inc., Panduit, Sovella Inc., Tripp Lite, Keysight Technologies, Fluke Corporation, Bartec USA LLC and others.
These players are expected to positively influence growth of the Laptop Accessories market during the forecast period. These players are engaged in manufacturing electronics as well as non-electronic laptop accessories with continuous focus on technological innovation and decreasing the cost of the product.
Global Laptop Accessories Market: Market Segmentation
On the basis of product type the global laptop accessories market has been segmented as
- Electronic Laptop Accessories
- Laptop Charger
- Laptop Battery
- Audio accessories.
- External Hard Drive
- Other Electronic Accessories
- Non-Electronic Laptop Accessories
- Laptop Cases
- Laptop Stand and Lap Desk
- Screen Guard
- Other Non-Electronic Accessories
On the basis of price range, the global laptop accessories market has been segmented as
On the basis of end-user, the global laptop accessories market has been segmented as
- Professional/ Commercial
On the basis of distribution channel, the global laptop accessories market has been segmented as
- Specialty Stores
- Independent Small Stores
- Online Sales Channel