North American Calculators Market

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: SQMIR25AF2006 | Region: Regional | Published Date: February, 2024
Pages: 260 | Tables: 93 | Figures: 75

North American Calculators Market News

  • 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.
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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).

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. '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'

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.

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.

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.

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