Computer Accessories Market Size to Grow by USD 4.28 Bn at a CAGR of 5.87%| Software segment is expected to witness lucrative growth | Technavio
NEW YORK, May 27, 2022 /PRNewswire/ -- The Computer Accessories Market size is expected to grow by USD 4.28 billion with a YOY growth of 5.45% during the forecast period. One of the key factors driving the computer accessories market growth is the growing popularity of e-sports. The report offers an up-to-date analysis of the current market scenario and information from several leading manufacturers.
The external HDDs segment's market share will expand significantly over the projection period, from 47.00 percent of the entire market in 2020 to 41.84 percent of the worldwide computer accessories market in 2025. The global computer accessories market's greatest revenue contributor in this sector. The rise in external HDD sales is attributed to increased data usage and the requirement for backup in the event that a system's internal HDD fails. This was the primary driver of the external HDDs segment's growth in 2020.
Geography - North America, APAC, Europe, South America, and MEA
APAC will account for 51 percent of market growth. The primary markets for computer accessories in APAC are China, Japan, and South Korea (Republic of Korea). The market in this region will expand quicker than the market in other regions.
The increase in shipment volume is owing to increased demand for PCs from both the consumer and commercial sectors, which would aid the expansion of the computer accessories market in APAC throughout the forecast period.
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Computer Accessories Market Dynamics
Market Driver
The growing popularity of e-sports is one of the primary reasons driving the computer accessories market. With the introduction of e-sports leagues, the gaming environment has changed dramatically. As more gamers turn to gaming as a job, purchasing gaming gear has become a need for many games. The E-sports league began as a way to turn video games' entertainment value into a global sports craze.
Market Trend
Another important element driving the growth of the computer accessories market is replacement sales outnumbering new product sales, as well as a rising desire for assembly. Customers' reasons for acquiring PC peripherals are changing, according to the computer accessories market. Customers are increasingly purchasing PC peripherals as replacements for their current systems rather than for first use. This market is rapidly expanding as customers replace their outdated peripherals with newer, more technologically advanced models.
Market Challenge
One of the major obstacles to the computer accessories market's growth is the declining demand for standalone devices and the rise of the smartphone and tablet markets. Smartphones and tablets are becoming increasingly popular because they offer nearly all of the features found on a computer. Smartphones and tablets make surfing the internet and viewing the web more convenient. As a result, non-business users prefer smartphones and tablets to PCs since they are more portable.
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Computer Accessories Market Scope
Report Coverage
Details
Page number
120
Base year
2020
Forecast period
2021-2025
Growth momentum & CAGR
Accelerate at a CAGR of 5.87%
Market growth 2021-2025
USD 4.28 billion
Market structure
Fragmented
YoY growth (%)
5.45
Regional analysis
North America, APAC, Europe, South America, and MEA
Performing market contribution
APAC at 51%
Key consumer countries
US, China, Japan, South Korea (Republic of Korea), and UK
Competitive landscape
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
AZIO Corp., Corsair Components Inc., COUGAR, KYE Systems Corp, Mad Catz Global Ltd., Mionix, Seagate Technology Public Ltd. Co., SteelSeries ApS, Turtle Beach Corp., and Western Digital Corp.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Computer Accessories Market Segmentation
Product
External HDDs
Gaming accessories
Portable speakers
Pointing devices
Others
Geography
North America
Europe
APAC
The Middle East And Africa
South America
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Computer Accessories Market Vendor
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
AZIO Corp.
Corsair Components Inc.
COUGAR
KYE Systems Corp
Mad Catz Global Ltd.
Mionix
Seagate Technology Public Ltd. Co.
SteelSeries ApS
Turtle Beach Corp.
Western Digital Corp.
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Product Insights and News
AZIO Corp.
The company offers keyboards, mice, mousepads, BlueTooth dongles, and other accessories. The company also offers audio products, accessories, and support services.
HP Inc.
The company offers commercial and consumer desktop and notebook personal computers, workstations, thin clients, commercial mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services. The company offers printers, batteries, chargers, adapters, mouse, keyboards, and others.
Logitech International SA
The company focuses on the design, manufacture, and marketing of peripherals for PCs, tablets, and other digital platforms. The company offers mouse, keyboards, headsets, speakers, webcams, and others.
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Table of Contents
1 Executive Summary
2 Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market characteristics
2.2 Value chain analysis
Exhibit 03: Value chain analysis: Technology hardware, storage, and peripherals market
3 Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
4.1 Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 09: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 10: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 11: Threat of new entrants
4.5 Threat of substitutes
Exhibit 12: Threat of substitutes
4.6 Threat of rivalry
Exhibit 13: Threat of rivalry
4.7 Market condition
Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Product
5.1 Market segments
Exhibit 15: Product - Market share 2020-2025 (%)
5.2 Comparison by Product
Exhibit 16: Comparison by Product
5.3 External HDDs - Market size and forecast 2020-2025
Exhibit 42: Europe - Market size and forecast 2020-2025 ($ million)
Exhibit 43: Europe - Year-over-year growth 2020-2025 (%)
8.6 South America - Market size and forecast 2020-2025
Exhibit 44: South America - Market size and forecast 2020-2025 ($ million)
Exhibit 45: South America - Year-over-year growth 2020-2025 (%)
8.7 MEA - Market size and forecast 2020-2025
Exhibit 46: MEA - Market size and forecast 2020-2025 ($ million)
Exhibit 47: MEA - Year-over-year growth 2020-2025 (%)
8.8 Key leading countries
Exhibit 48: Key leading countries
8.9 Market opportunity by geography
Exhibit 49: Market opportunity by geography ($ million)
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
Exhibit 50: Impact of drivers and challenges
9.3 Market trends
10 Vendor Landscape
10.1 Competitive scenario
10.2 Vendor landscape
Exhibit 51: Vendor landscape
10.3 Landscape disruption
Exhibit 52: Landscape disruption
Exhibit 53: Industry risks
11 Vendor Analysis
11.1 Vendors covered
Exhibit 54: Vendors covered
11.2 Market positioning of vendors
Exhibit 55: Market positioning of vendors
11.3 AZIO Corp.
Exhibit 56: AZIO Corp. - Overview
Exhibit 57: AZIO Corp. - Product and service
Exhibit 58: AZIO Corp. - Key offerings
11.4 Corsair Components Inc.
Exhibit 59: Corsair Components Inc. - Overview
Exhibit 60: Corsair Components Inc. - Product and service
Exhibit 61: Corsair Components Inc. - Key news
Exhibit 62: Corsair Components Inc. - Key offerings
11.5 COUGAR
Exhibit 63: COUGAR - Overview
Exhibit 64: COUGAR - Product and service
Exhibit 65: COUGAR - Key offerings
11.6 KYE Systems Corp
Exhibit 66: KYE Systems Corp - Overview
Exhibit 67: KYE Systems Corp - Product and service
Exhibit 68: KYE Systems Corp - Key offerings
11.7 Mad Catz Global Ltd.
Exhibit 69: Mad Catz Global Ltd. - Overview
Exhibit 70: Mad Catz Global Ltd. - Product and service
Exhibit 71: Mad Catz Global Ltd. - Key news
Exhibit 72: Mad Catz Global Ltd. - Key offerings
11.8 Mionix
Exhibit 73: Mionix - Overview
Exhibit 74: Mionix - Product and service
Exhibit 75: Mionix - Key offerings
11.9 Seagate Technology Public Ltd. Co.
Exhibit 76: Seagate Technology Public Ltd. Co. - Overview
Exhibit 77: Seagate Technology Public Ltd. Co. - Business segments
Exhibit 78: Seagate Technology Plc- Key news
Exhibit 79: Seagate Technology Public Ltd. Co. - Key offerings
11.10 SteelSeries ApS
Exhibit 80: SteelSeries ApS - Overview
Exhibit 81: SteelSeries ApS - Product and service
Exhibit 82: SteelSeries Aps - Key news
Exhibit 83: SteelSeries ApS - Key offerings
11.11 Turtle Beach Corp.
Exhibit 84: Turtle Beach Corp. - Overview
Exhibit 85: Turtle Beach Corp. - Business segments
Exhibit 86: Turtle Beach Corp. - Key news
Exhibit 87: Turtle Beach Corp. - Key offerings
Exhibit 88: Turtle Beach Corp. - Segment focus
11.12 Western Digital Corp.
Exhibit 89: Western Digital Corp. - Overview
Exhibit 90: Western Digital Corp. - Business segments
Exhibit 91: Western Digital Corp. - Key news
Exhibit 92: Western Digital Corp. - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Currency conversion rates for US$
Exhibit 93: Currency conversion rates for US$
12.3 Research methodology
Exhibit 94: Research Methodology
Exhibit 95: Validation techniques employed for market sizing
Exhibit 96: Information sources
12.4 List of abbreviations
Exhibit 97: List of abbreviations
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