The global office supplies market is expected to reach USD 273.9 Billion by the end of 2024 from USD 235.3 Billion in 2018. Factor such as growing e-commerce marketplace in office supplies, rising sales of computer & printer segment and the increasing number of corporate offices are anticipated to positively impact the growth of the global office supplies market. The market value of the global office supplies market is expected to rise at a CAGR of 2.7% over the forecast period i.e. 2019-2024.
Future Of Office Supplies Industry
Growth Drivers – Office Supplies Market
Growing E-commerce Marketplace in Office Supplies
In an era of online purchasing, the office supplies market is increasingly putting its product offerings on the online platform with the help of e-tailers. The office supplies sector is pursuing benefits from the growing e-commerce marketplace. The manufacturers and retailers are increasing their standards by selling their products using the online sales channel. Apart from this, the manufacturers and retailers are raising the bar for their other digital capabilities. They are focusing on various online media formats, which include mobile-based applications and social networking sites, in order to expand their digital presence, which is enabling these manufacturers and retailers to endorse and sell their products to a larger number of customers.
Growing Flexible Working Space
Co-working saw a great start in many countries and is likely to perform a strong role in shaping the future supply-demand dynamics by changing the way the serviced office industry works. The increasing number of companies prefer co-working spaces to conventional office spaces due to savings on operational costs and a more flexible work environment. Further, the flexible working space is the fastest-rising segment all over the world and many major players and startups getting into this segment. Moreover, this factor is anticipated to positively impact the growth of the office supplies industry over the upcoming years.
Increasing Number of Corporate Offices
With the rise in the number of corporate offices across the globe, the market for office supplies is growing at a remarkable pace over the forecast period. Further, with the rise in the number of offices worldwide and high spending on office supplies are some of the major factors which are foreseen to drive the demand for office supplies over the upcoming years.
Barriers – Office Supplies Market
Decreasing Demand for Traditional Office Supply Products
The increasing demand for smarter mobile devices has caused a reduction in demand for paper. Technologies like cloud services help buyers to store documents virtually, which helps in making purchases of photocopiers and faxes less necessary. Further, factors which include a growing trend towards green initiatives that discourage the use of paper, and the increase in the virtual offices are also decreasing the demand for traditional supplies from corporates.
Office Supplies Industry Trends
Online Sales Channel
The global office supplies companies are engaged in the enhancement of their online distribution channel and turning towards online retailing. As a result, it is not surprising to see shopping habits for office supplies moving away from traditional channels to online channels and especially in the emerging countries where there is fluid infrastructure development and sharp consumer price sensitivity. In addition to this, the purchase of office supplies from an online sales channel offers value for money.
Segmentation Analysis
The office supplies product market is segmented into writing supplies, calendars, planners, organizers, clips & fasteners, tape & adhesives, computer & printer supplies, and others. Among this segment, the computer & printer supplies segment is anticipated to capture a market share of 29.9% in 2018. The market value of global office supplies market for computer & printer supplies segment is expected to rise at a CAGR of 3.1% over the forecast period. Further, the global office supplies market for computer & printer supplies segment is expected to reach USD 83.9 Billion by the end of 2024. The computer & printer supplies segment is likely to continue with its exponential growth in the upcoming years. Due to industrial automation and IT integration, the demand for paper-based products is on the decline in developed markets, which is providing an immense growth opportunity for the computer & printer supplies manufacturers over the upcoming years.
Moreover, based on the distribution channel, the office supplies market is further sub-segmented into online stores, supermarket & hypermarket, stationery stores, and others. Among this segment, supermarket & hypermarket segment is expected to grow at a CAGR of 2.3% over the forecast period i.e. 2019-2024. The global office supplies market for supermarket & hypermarket segment is expected to reach USD 103.2 Billion by the end of 2024 from USD 90.5 Billion in 2018.
Geographical Analysis
Geographically, the report offers an analysis of North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In the office supplies market, Asia Pacific is projected to capture a large market share over the forecast period. Asia Pacific office supplies market is expected to reach USD 121.2 Billion by the end of 2024 from USD 101.4 Billion in 2018. The market value of the Asia Pacific office supplies market is expected to rise at a CAGR of 3.2% over the projected period.
Competitive Analysis
The report also covers a detailed competitive analysis of major market players of the global office supplies market, such as Staples, Inc., Office Depot Inc., Tesco PLC, Stanley Bostitch, Faber-Castell, The Hewlett-Packard Company, Kokuyo, Canon Inc., Dell Inc., A.T. Cross Company and others key players. The office supplies market is witnessing a wide range of industry activities such as acquisition, partnership, product launch and expansion across the globe. For instance, in March 2018, Office Depot, Inc. acquired a leading New Mexico dealer Sandia Office Supply. Its acquisition by office depot is letting the company expand its footprint in the nation.
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Segmentation
By Product:
- Writing Supplies (Pens, Highlighters, Markers, Pencils, Erasers, Others)
- Calendars (Desk Calendar, Wall Calendar, Others)
- Planners (Daily Planner, Monthly Planner, Others)
- Organizers
- Clips & Fasteners (Staplers & Punches, Sticky Notes, Memo Pad)
- Tape & Adhesives
- Computer & Printer Supplies
- Other
By Distribution Channel:
- Online Stores
- Supermarket & Hypermarket
- Stationery Stores
- Other
By Geography
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
The report profiles various major market players such as
- Staples, Inc.
- Office Depot Inc.
- Tesco PLC
- The Hewlett-Packard Company
- Stanley Bostitch
- Kokuyo
- Canon Inc.
- Faber-Castell
- Dell Inc.
- T. Cross Company
- Other Major & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).
The study also provides a company’s positioning and market share in the office supplies market.
Timeline Considered for Analysis:
- 2018: Base Year
- 2019: Estimated Year
- 2019 to 2024: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global office supplies market by the following segments:
- Product
- Distribution Channel
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Office Supplies Industry Report
What is the overall market size in 2018? What will be the market growth during the forecast period i.e. 2019-2024?
Which region would have a high demand for the product in the upcoming years?
What are the factors driving the growth of the market?
Which sub-market will make the most significant contribution to the market?
What are the market opportunities for existing and entry-level players?
What are various long-term and short-term strategies adopted by the market players?
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