DUBLIN--(BUSINESS WIRE)--The "Office Equipment Market - Segmented by Type (Photocopiers, Printers and Scanners, Fax Machines, Coin and Currency Counting Devices), by Distribution Channel (Online Channel) and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global office equipment market is expected at a CAGR of 4.8% during the forecast period, 2018-2023. The key growth strategy for product developers in the global office equipment market is the launch of developed and technologically enhanced models.
Introduction of new printers which improve the color output at a lower per-unit cost, and increased functionality have been gaining consumer preference. Increase in research and development expenditures is expected to drive the global office equipment market.
Geographic expansion is one of those key growth strategies adopted by all the large players to gain market share which aids to gain higher revenues in the office equipment market. Growth of tertiary sector in Asia-Pacific with expansion of multinational companies is expected to create considerable opportunity for the office equipment and supplies market.
Stringent regulations set by the U.S and European Union on energy efficient and labelling of the office equipment is expected to hinder the growth rate during the forecast period.
Changing customer preferences, tightening regulation, increased mobility, and technological changes are reshaping the printing segment in the office equipment market.
Printers and Scanners are the fastest growing segment in the global office equipment market. High adoption in the manufacturing, healthcare and banking sectors is the key factor leading to the rise in demand.
The global office equipment market is highly dominated by the global players such as Xerox Corporation, Canon Inc., and HP among others. Wide distribution network and easy availability of these well established brands facilitate the major players with high revenues and considerable market share. Expansions being the most adopted strategies, the market is highly competitive with the presence of global and regional players.
Developments in the Market
- Fujifilm to take over Xerox as photocopier demand drops. Global demand for copiers and printers has declined, as people have switched to emailing documents and using smartphones to scan paperwork.
Topics Covered
1. Introduction
2. Market Insights
3. Market Dynamics
4. Market Segmentation
5. Regional Analysis
6. Competitive Landscape
7. Company Profiles
- Fujifilm
- Canon
- Xerox Corporation
- HP Development Company
- Pitney Bowes
- Voxeljet
- Ricoh Company
- Panasonic Corporation
- Brother International Corporation
- Fabricated Software
For more information about this report visit https://www.researchandmarkets.com/research/lxtc5j/global_office?w=4
