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Amid the massive workplace disruptions set into motion by the COVID-19 pandemic, the global office stationery and supplies market is feeling the heat and is expected to decline by -2.8% in 2020 before recovering to reach a revised market size of US$186.9 billion by the year 2027.
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$38 4 Billion Worldwide Office Peripherals and Products Industry to 2027 - Impact of COVID-19 on the Market
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Global Office Peripherals and Products Industry (2020 to 2027) - Market Trajectory & Analytics - ResearchAndMarkets.com
March 16, 2021 GMT
DUBLIN (BUSINESS WIRE) Mar 16, 2021
Amid the COVID-19 crisis, the global market for Office Peripherals and Products estimated at US$ 38.4 Billion in the year 2020, is projected to reach a revised size of US$ 54.5 Billion by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027.
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Printers, Scanners & Photocopiers, one of the segments analyzed in the report, is projected to record a 4.6% CAGR and reach US$ 33.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Counterfeit Detectors segment is readjusted to a revised 6.7% CAGR for the next 7-year period.