The Laptop Accessories Market is likely to hold the global market at a moderate CAGR of 6.7% during the forecast period. The global market holds a forecasted revenue of US$ 39.6 Billion in 2022 and is likely to cross US$ 75.7 Billion by the end of 2032.
The Laptop Accessories market is anticipated to show promising growth prospects during the forecast period, expanding the Laptop Accessories market size.
Attribute
Details
The Laptop Accessories Market Estimated Size (2021)
US$ 37.2 Billion
The Laptop Accessories Market Estimated Size (2022)
US$ 39.6 Billion
The Laptop Accessories Market Projected Size (2032)
US$ 75.7 Billion
The Laptop Accessories Market CAGR (2022 to 2032)
6.7%
Due to an increase in customers, sales of consumer electronics are growing rapidly, which in turn is boosting the demand for the accessories that go along with them. The market for laptop accessories is expanding favorably as a result of the rapidly expanding popularity of laptops in consumer electronics. Furthermore, the short lifespan of laptop accessories encourages their volume growth as buyers must replace them every three to five years on average. The development of laptop accessories, on the other hand, encourages users to buy the new product, which in turn considerably accelerates the market's expansion.
Because of the growing popularity of laptops due to their advantages like portability, lightweight, and other features, the commercial segment, which includes offices, industries, and other companies, is anticipated to account for a sizeable portion of the global laptop accessories market. The global market for laptop accessories is anticipated to increase significantly over the forecast period as a result of these factors.
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Rise in Purchasing Power and Increasing Demand of Computers are Responsible for Market Growth.
The ability of customers to spend more on consumer electronics due to rising purchasing power in developing nations is driving up sales of laptop accessories. The market for laptop accessories is seeing tremendous growth thanks to the expansion of corporate offices around the world. Moreover, the expansion of the laptop accessory market in South Asia and East Asia is anticipated to be fuelled by rising urbanization, disposable income, and e-commerce penetration. On the other hand, the market is growing favorably as a result of the accessibility of laptop accessories at department stores.
The key manufacturers of laptops are introducing a number of additional accessories for their products. These accessories help in better performance of the device, or help in convenience while using or carrying the device. The main strategy for selling and marketing of these products is mainly online advertisements, via social media and website search engines. There is a number of accessories that are available for user, helping with different functional problems. There are some accessories helping in better connectivity, like Wi-Fi routers or Bluetooth devices, which are really helpful for data sharing at high speed.
Counterfeit Products and High Prices for Accessories are restraining the Accessories Market
The main problem in the front laptop accessories market is the availability of counterfeit products and their preference for customers. There are lots of laptop manufacturers providing different accessories to customers, but there are other third-party manufacturers, which copy the product design, manufacture the same product and sell it under a different name. These counterfeit products are cheap, but there is no guarantee for their performance and durability. Due to lower prices, customers prefer counterfeit accessories over original ones, having a negative impact on the market.
Along with counterfeit products, the high price range of accessories is also restraining the growth of the market. Some accessories are costly due to their manufacturing process and the cost of the technology used. Because of high prices, people do not prefer purchasing any accessories with laptops or purchasing affordable accessories only.
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Regional Insights
Asia Pacific Region is set to become Top Market for Laptop Accessories
Leading laptop producers are present and engaged in Asia. India, Japan, China, Indonesia, and other nations are fast rising and evolving into commercial hubs as a result. Computers are becoming more and more necessary in these regions for both commercial and residential use. Laptops are widely used because they are versatile. As a result, there is a rise in demand for laptop accessories in Asia.
North America and Europe are the Biggest Markets for Computers and Related Accessories
The economies and resources available in North America and Europe are strong. In every home, there are PCs and laptops. The key factor driving the sales of laptops and related accessories is the expansion of the corporate sector and businesses in these areas. Luxury and designer accessories are also in demand, including gaming keyboards, mice, headphones, cooling pads, and so on.
Competitive Landscape
Some key players in the Laptop Accessories market are Panduit, Sovella Inc., Fellowes Brands, Hama GmbH & Co KG., Bourns Inc., Tripp Lite, Keysight Technologies, Fluke Corporation, Bartec USA LLC, and others.
Hama GMBH & Co KG. is providing laptop users with a smart solution for data transfer problems faced on daily basis. They are providing different data cables and flash drives, which are compatible with most laptops and other accessories such as an external microphone, headphone jack,s and display cleaners.
Panduit is offering workstation accessories, mainly used for cable management and data transfer. There are cable sleeves and tags, cable binders and couplers, outlet ports, and adapters for data cables. All these accessories will help in keeping the workstation tidy and clean.
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Scope of Report
Attribute
Details
Growth Rate
CAGR of 6.7% from 2022 to 2032
The base year for estimation
2021
Historical Data Available for
2017 to 2021
Forecast Period
2022 to 2032
Quantitative units
Revenue in USD Billion, volume in Units, and CAGR from 2022 to 2032
Report Coverage
Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, pricing analysis
Segments Covered
Product Type, End User, Price Range, Distribution Channel, Region
Country scope
USA; Canada; Mexico; Germany; United Kingdom; France; Italy; Spain; Russia; India; Thailand; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; United Arab Emirates(UAE); South Africa
Key Companies Profiled
Panduit
Sovella Inc.
Fellowes Brands
Hama GmbH & Co KG.
Bourns Inc.
Tripp Lite
Keysight Technologies
Fluke Corporation
Bartec USA LLC
Others
Customization scope
Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
Avail customized purchase options to meet your exact research needs.
Key Segments Profiled in the Laptop Accessories Market
By Product Type:
Electronic Accessories
Non-Electronic Accessories
By End User:
Individual/Residential
Commercial
By Price Range:
Premium
Budget
By Distribution Channel:
Direct sales
Hypermarket/Supermarket
Specialty Stores
Small Stores
Online Store
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa
Frequently Asked Questions
What is the current laptop accessories market value?
The laptop accessories market is expected to reach a valuation of US$ 39.6 Billion in 2022.
What are the key trends driving the laptop accessories market?
Increasing demand for laptops and accessories in developing countries due to corporate sectors, high disposable income, and trending products in the market are some driving trends for the laptop accessories market. Developing countries like India, China, and Indonesia are the main market for these devices.
Who are the leading players in the laptop accessories market?
Leading players operating in the laptop accessories market are Panduit, Sovella Inc., Fellowes Brands, Hama GmbH & Co KG., Bourns Inc., Tripp Lite, Keysight Technologies, Fluke Corporation, Bartec USA LLC, and among others.
