About Office Stationery
Office stationery and supply products segment is a broad category of the global office stationery, supply, and services market. Office stationery and supply products contribute approximately 80% of the revenue of the overall market.
Technavio’s analysts forecast the office stationery and supplies market in the US to grow at a CAGR of 0.25% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the office stationery and supplies market in the US for 2016-2020. To calculate the market size, the report considers the revenue generated from the B2B retail sales of office stationery and supply products to individual offices in the US.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Office Stationery and Supplies Market in the US 2016-2020
Technavio recognizes the following companies as the key players in the office stationery and supplies market in the US: Costco Wholesale, Office Depot, Staples, Target, and Walmart.
Other Prominent Vendors in the market are: 3M, Amazon, Alibaba, Best Buy, and FedEx Office.
Commenting on the report, an analyst from Technavio’s team said: “Technological advancement and product innovation will be a key trend for market growth. Technological innovation in office stationery and supply products has a direct bearing on their use. Consumers are now looking for more efficient and novel products that are better matched to their requirements and lifestyles. To fulfill these requirements, vendors are introducing technologically advanced products, which are priced slightly higher than the regular ones. In 2015, Staples invested a total of $4.87 billion as its operating expenditure, which includes R&D costs. Office Depot spent $3.39 billion on its operations in the same year.”
According to the report, one of the major drivers of the office stationery and supplies market in the US is the growing demand for computer and printer supplies. IT integration and industry automation are driving the market for this segment with computerized and digitized business operations. The toner cartridges category is the largest revenue contributor to this segment. The demand for these products is rising and will grow at the highest CAGR of around 9% during the forecast period. Leading manufacturers in this segment include Brother, Canon, HP, and Seiko Epson, and they sell their products through retailers like Staples, Office Depot, and Walmart. Therefore, this segment will drive the sales of the market in the US in the next five years.
Further, the report states that price competition will be a challenge for the market. Price, being one of the most important components of the product matrix, has a significant impact on the growth of the office stationery and supplies market in the US. Companies prefer to opt for those suppliers that provide products at a lower rate, and can reduce their operating expenses for office stationery items. Therefore, price is the most important differentiating factor for any company looking toward gaining a competitive advantage over its counterparts. Staples, one of the key office stationery suppliers in the US as well as globally, is currently facing a challenge in terms of price offerings from Amazon and Office Depot. To address this challenge, the company is focusing on improving its online services for office supply products whereby it can provide stationery products to buyers at lower prices. In addition, price competition can create a price war situation in the whole market. Mid- and small-sized retailers face the maximum impact in such situations. Therefore, the cost factor can restrict the growth of the market during the forecast period to a great extent.
Costco Wholesale, Office Depot, Staples, Target, Walmart, 3M, Amazon, Alibaba, Best Buy, FedEx Office.
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