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PC Accessories Market Analysis

The PC Accessories Market size is estimated at USD 27.58 billion in 2024, and is expected to reach USD 48.90 billion by 2029, growing at a CAGR of 12.13% during the forecast period (2024-2029).

• The increased use of computers by many companies to run their daily operations is one of the most important factors for the market's growth. Furthermore, the growing dependency on digitization, aided by changing lifestyles and technological inventions, is expected to enhance the market's growth significantly.
• It is expected that the expansion of the market will be stimulated by an increasing number of PC users for recreational purposes, such as gaming. In 2025, there are expected to be 1,262,47 million households using computers, according to the OECD's Economic Cooperation and Development Survey. Houses with at least one computer are referred to as computer households. With such massive growth, market participants are expected to have an opportunity to diversify their product portfolio and PC accessories as a result of the adoption of computers. They will also be able to position themselves better in different regions and gain a larger share of the market.
• The market is driven by better job prospects in IT and communications technology, which require the use of personal computers and mobile devices such as mice and keyboards. In the IT sector, breakthrough technology with maximum battery life is increasingly being used in wireless mice. According to IBEF, India's IT and business services demand is projected to reach USD 19.93 billion by 2025.
• Wireless mice are rapidly becoming popular due to increasingly innovative features, such as RGB lighting and additional programmable buttons, being added to them by competitive gamers. Workplaces, homes, or the entertainment sector are commonly using wireless mice. For example, in June 2023, Gaming peripheral company Razer launched a new line of gaming mice with the Cobra Pro, a premium-style wireless mouse, and the Cobra, an additional basic wired version that utilizes the same overall design. The Cobra sits alongside Razer's wide roster of gaming mice, such as the Viper, Deathadder, and Basilisk. However, this new mouse is intended to cover different preferences that the lineup didn't already offer while having the high-end features of its other top-of-the-line mice.
• Moreover, inflation significantly impacts the studied market, leading to higher manufacturing costs. This is due to factors such as higher prices for raw materials, increased shipping costs, and labor costs and shortages. As a result, manufacturers may be forced to raise their prices to maintain profitability, ultimately decreasing product demand.
• Due to the COVID-19 pandemic, the work-from-home trends have benefited the overall PC accessories market, including laptops and desktop systems, with sales. The shift to remote work and learning boosted the demand for peripherals like webcams, microphones, and headsets.

PC Accessories Industry Segmentation

PC accessories are any device placed on the computer that is capable of providing additional capabilities or features without requiring it. The computer printer provides the computers with printing capability and is a good example of such an accessory.

The PC accessories market is segmented by products (mice (gaming and non-gaming (enterprise and consumer)), keyboards (gaming and non-gaming (enterprise and consumer)), headsets (gaming and personal, and non-gaming (commercial)), monitor arms, gaming chairs, and webcams) and geography (North America (United States and Canada), Europe (Germany, United Kingdom, France, Italy, Russia, Switzerland, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East and Africa (United Arab Emirates, Saudi Arabia, South Africa, and Rest of Middle East and Africa)).

The market sizes and forecasts are provided in value (USD) for all the above segments.