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PC Peripherals Market size was valued at USD 6159.67 million in 2019 and is poised to grow from USD 7203.8 million in 2023 to USD 14396.4 million by 2031, growing at a CAGR of 9.9% in the forecast period (2024-2031).

The PC peripherals business is moderately fragmented with the top companies controlling the majority of the market. Among the growth tactics used by significant vendors are product launches, product launches and collaborations. Players are making large investments in the ancillary gadgets to fulfill the shifting wants of consumers. Important players are also spending money on research and development projects to increase and improve accessories and peripherals. The businesses are concentrating on creating new or significantly enhanced items and procedures. 'Canon Inc.', 'Dell Technologies Inc', 'HP Inc.', 'Logitech International S.A.', 'Microsoft Corporation', 'Acer Inc.', 'ASUSTeK Computer Inc.', 'Lenovo Group Limited', 'Apple Inc.', 'Samsung Electronics Co., Ltd.', 'Epson America, Inc.', 'Brother Industries, Ltd.', 'Seagate Technology LLC', 'Toshiba Corporation', 'Western Digital Corporation', 'Intel Corporation', 'Advanced Micro Devices, Inc.', 'NVIDIA Corporation', 'Corsair Components Inc.', 'Razer Inc.'

Increasing digitization of the educational institutions: Globally, educational institutions are modernizing and embracing digitalization to streamline the processes of teaching and learning and achieve educational excellence. Students and teachers now have better access to resources because of digitization. For instance, students can access study materials at any time, anywhere, using their laptops and desktop computers. Therefore, during the projection period, the demand for PC peripherals would benefit from the increasing need for devices like PCs and laptops in the education sector. Many schools are implementing online learning strategies and offering courses online, allowing students to learn at their own convenience. The market for PC peripherals will be driven by the increased demand for PCs, laptops, and notebooks across educational institutions as a result of the increase in digitalization.

Market vendors can strengthen their position as market leaders in their own PC peripheral industries thanks to an increase in strategic alliances and acquisitions. These partnerships work to strengthen joint development programmes, increase technological competition, and allocate cash in accordance with market trends. For instance, Dicker Data and BluPeak, a seller of PC hardware and peripherals, entered into an exclusive distribution arrangement. Similar to this, Western Digital Corp. (Western Digital) and Toshiba Memory Corp. (Toshiba Memory) signed a deal to invest together in the K1 production plant that Toshiba Memory is currently building in Kitakami, Iwate Prefecture, Japan. A rise in M&A activity of this magnitude will benefit the market.

Based on the region, the North American region currently dominates the PC peripherals market. The U.S. market is anticipated to contribute most to the growth of the regional market. Another significant aspect influencing the industry in the region is the presence of the most well-known businesses there. For instance, Apple said in April 2022 that it would introduce two new Macs at WWDC 2022.

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Global PC Peripherals Market

Product ID: SQMIG45I2147