Market Insights Consumer Consumer Electronics Computing

Printers & Copiers - Nordics

Nordics

The Printers & Copiers market in the Nordics is projected to generate a revenue of US$87.1m in 2024.
According to the Compound Annual Growth Rate (CAGR) for the period of 2024-2029, the market is expected to grow annually by -0.50%.
However, in a global perspective, in China leads the way in revenue generation, with an estimated revenue of US$2,308.0m in 2024.
In terms of per capita figures, the revenue generated per person in the Nordics is projected to be US$3.14 in 2024.
Looking ahead, the volume of the Printers & Copiers market is expected to reach 0.6m pieces units by 2029.
In 2025, there is a slight decline expected in the volume growth, with a decrease of -0.5%.
When considering the average volume per person in the Printers & Copiers market, it is anticipated to be 0.0pieces units in 2024.
This data provides insights into the market performance and potential in the Nordics for the Printers & Copiers market sector.
"Sweden's commitment to sustainability has led to a growing demand for eco-friendly printers and copiers in the Nordic market."

Key regions: Germany, United States, India, Canada, Worldwide

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Methodology

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.