The computer peripherals market in the UK demonstrated various trends over the years. Initially, a steady rise in market size was observed from 2013 to 2015, peaking at 1031.6 million Euros. The subsequent years saw fluctuations, with notable declines in 2016 and 2020. Despite this, the market rebounded, achieving a value of 1070.7 million Euros in 2023. The average annual growth rate (CAGR) for the past five years up to 2023 stood at approximately 1.14%. Forecasts indicate moderate growth, with a predicted 5-year CAGR of 0.93%, projecting the market size to reach 1137.8 million Euros by 2028. This reflects an anticipated 4.76% total growth over the forecast period.
Future trends to watch for:
- Emergence of new technologies such as IoT devices and AI-integrated peripherals.
- Increased demand for work-from-home and hybrid working setups driving peripheral sales.
- Sustainability and eco-friendly production practices becoming a crucial market differentiator.