Having expanded at its fastest rate in eight years during 2020, the rate of growth in retail current value sales of computers and peripherals will slow significantly during 2021. During 2020, COVID-19 restrictions drove a surge in demand, particularly for peripherals (printers and monitors) and laptops, as many local consumers were forced to work or study from home for an extended period.
Acer America Corp (Canada) will strengthen its leadership position in laptops during 2021 and have almost twice the retail volume share of second-placed Hewlett-Packard (Canada) Ltd. It has a broad product portfolio of mid-priced products that strike a good balance between quality and affordability, enjoys wide distribution and its brand is very well known to local consumers, making it particularly well placed to benefit from the work-from-home and study-from-home trends.
Having expanded by double digits during 2020, retail current value sales of monitors will post a double-digit decline during 2021. The fact that many replacement purchases were brought forward to 2020 due to increased working and studying from home will play a significant role in depressing demand for monitors during 2021.
Retail current value sales of computers and peripherals will decline during 2022, with only marginal growth anticipated during the forecast period as a whole. With many replacement purchases brought forward to 2020 and (to a lesser extent) 2021, retail volume sales will decline throughout the forecast period, with demand particularly weak during 2022.
Both retail volume and retail current value sales of desktops will decline during 2022, with this trend continuing through the remainder of the forecast period. For most mainstream users who want a computer for work/study or general use, laptops are sufficient to meet their needs.
Video gaming is set to continue to grow in popularity as a hobby during the forecast period. Gaming culture is something that manufacturers are keen to tap into.
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Understand the latest market trends and future growth opportunities for the Computers and Peripherals industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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This report originates from Passport, our Computers and Peripherals research and analysis database.
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