USD 510.04 million
North American Calculators Market Size, Share, Growth Analysis, By Type(Basic Calculators, Scientific Calculators), By Power Source(Electric, Battery), By Application(Engineering sector, Finance sector) - Industry Forecast 2024-2031
Report ID:
SQMIG25AF2002 |
Region:
Global |
Published Date: February, 2024
Pages:
260
|
Tables:
93 |
Figures:
75
North American Calculators Market Insights
North American Calculators Market size was valued at USD 510.04 million in 2019 and is poised to grow from USD 519.73 million in 2023 to USD 615.67 million by 2031, growing at a CAGR of 1.9% in the forecast period (2024-2031).
A calculator is a gadget that performs arithmetic operations using numbers. Calculators that perform addition, subtraction, multiplication, and division are the simplest conceivable. Calculators with greater sophistication can handle exponential operations and hyperbolic functions, as well as roots, logarithm, and trigonometric functions are also known as scientific calculators. Consumers utilize calculators as a tool to solve mathematical and computational problems. Calculators enable children to solve problems and appreciate the power and significance of mathematics, eliminating the tedious computation and algebraic manipulation that deter a substantial proportion of learners. These are some of the major factors driving the demand for calculators and are propelling the North American calculator market throughout the analysis period.
US North American Calculators Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Scientific Calculators
Fastest Growth
Scientific Calculators
Growth Rate
1.9% CAGR
Global North America Calculator Market 2022-2028 ($ Mn)
Country Share for North America Region- 2021 (%)
Global North America Calculator Market Size by Type, 2022-2028 ($ Mn)
Global North America Calculator Market Size by Type, 2022-2028 (%)
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North American Calculators Market Segmental Analysis
The North American Calculators Market is segmented based on type, power source, application, and region. Based on type, the North American Calculators Market is segmented into basic, scientific, printing, and others. Based on the power source, the North American Calculators Market is segmented into the electric, battery, and solar. Based on industry, the North American Calculators Market is segmented into the engineering sector, finance sector, education sector, IT sector, and other sectors. Based on region, the North American market is segmented into US and Canada.
North American Calculators Market Analysis by Type
In 2021, the scientific calculator segment accounted for the major market share in the north American calculator market and basic calculators are predicted to show steady growth during the analysis period. Advanced calculators, such as scientific, graphing, and financial calculators, are necessary for financial analysts, scientists, students, and teachers that require immediate and error-free responses while the basic calculators are used for household or domestic basic arithmetic purposes.
The printing calculator is expected to show the fastest growth in the region due to its dynamic functionality of providing a print statement for the calculations computed and its wide use in the different large, small, and medium stores. These are some of the major factors that would propel the demand for calculators in the North American region.
Global North America Calculator Market By Type, 2021 (%), 2023 (%)
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North American Calculators Market Regional Insights
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.
Global North America Calculator Market By Geography, 2022 - 2028, 2024-2031
- Largest
- Fastest
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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 Competitive Landscape
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.
North American Calculators Market Top Player’s Company Profiles
- 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
North American Calculators Market Recent Developments
- In June 2022, Sunway Communication, announced its collaboration with NXP® Semiconductors in UWB solutions for IoT. Sunway and NXP have focused on the China market for years now expanding to provide UWB implementations worldwide.
- In April 2022, Canon U.S.A., Inc., introduces six new printers to help hybrid employees and small businesses increase productivity. These models provide improved convenience, workflow efficiency, and security features to the consumer.
North American Calculators Key Market Trends
- 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.
North American Calculators Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, A calculator is a gadget that performs arithmetic operations using numbers. The North American Calculators Market is segmented based on type, power source, application, and region. In 2021, the scientific calculator segment accounted for the major market share in the north American calculator market. Based on industry, the market is divided into the engineering sector, finance sector, education sector, IT sector, and other sectors. The US accounted for the major market share for calculators in the North American region. The printing calculator is expected to show the fastest growth in the region due to its dynamic functionality of providing a print statement for the calculations computed. Literacy rates in US and Canada are also some of the major reasons for the awareness and use of calculators.
| Report Metric | Details | Market size value in 2023 | USD 510.04 million | Market size value in 2031 | USD 615.67 million | Growth Rate | 1.9% | Forecast period | 2024-2031 | Forecast Unit (Value) | USD Million | Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) | Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on North American Calculators Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on North American Calculators Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the North American Calculators Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the North American Calculators Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the North American Calculators Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the North American Calculators Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
North American Calculators Market Report Snapshots
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