Printers & Copiers - Benin | Statista Market Forecast

The Printers & Copiers market in Benin is projected to generate a revenue of US$4.9m in 2024.
This market segment is expected to grow annually by 3.39% (CAGR 2024-2029).
In comparison to other countries, China leads the market with a revenue of US$2.3bn in 2024.
Considering the population, the per person revenue in Benin is estimated to be US$0.37 in 2024.
Looking ahead, the volume in the Printers & Copiers market is predicted to reach 82.1k pieces units by 2029.
In 2025.0, a volume growth of 1.5% is anticipated.
The average volume per person in the Printers & Copiers market is projected to be 0.0pieces in 2024.
Despite the rapid digitalization of business processes, Benin's market for printers and copiers continues to thrive due to the high demand for physical documentation in government offices.

Definition:

Printers and copiers are devices used to produce hard copies of digital documents and images. Printers are devices that produce text and images on paper, while copiers are devices that make exact duplicates of an existing document. Both devices use ink or toner to produce the printed image or text. They are available in various types, including inkjet printers, laser printers, and multifunction printers that can print, scan, copy, and fax. Printers and copiers are used in homes, offices, and schools, and are an essential tool for creating hard copies of documents and images.

Additional Information:

The market comprises revenue, average revenue per capita, volume, average volume per capita and price. Figures are generated through both online and offline sales channels and include spending by consumers (B2C). Key players in the market are companies like Sony, Panasonic, Samsung, LG, and Philips. These companies are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, use the info button right next to the boxes.

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on electronic and digital devices used privately either for entertainment (televisions, game consoles, smart speakers, etc.), communication (telephones, smartphones, etc.) or home-office activities (printers, copiers, etc.).

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Global Consumer Survey), as well as performance factors (e.g., user penetration, price per product, usage). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, number of internet users, smartphone penetration rate, household number and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting electronic products due to the non-linear growth of technology adoption and regular product upgrade. The main drivers are GDP per capita, consumer spending per capita, and 5G penetration rate.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). GCS data is reweighted for representativeness.

A printer is a hardcopy peripheral that can create human-readable representations of graphics or text on paper or other physical media. In 2020, there were 94.36 million hardcopy peripheral units shipped worldwide, including printers, copiers, and multifunctional systems. While printers are now mostly used in computing and information technology, recent years have seen the development of 3D printing for industrial purposes.