Market Forecast By Product (Printers, PC Gaming Peripherals, External HDD, Keyboards, Pointing Devices, Webcams, Others), By End-user (Business Sector, Consumers Sector) And Competitive Landscape
Product Code: ETC024472 | Publication Date: Jun 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Bangladesh Computer Accessories Market |
Forecast period | 2025-2031 |
CAGR | 10% |
Growing Sector | Education |
Bangladesh Computer Accessories Market report thoroughly covers the market - By Product, By End user. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Bangladesh Computer Accessories Market is set to witness robust growth driven by various key factors. As digital transformation continues to gain momentum across industries, the demand for advanced computing accessories is skyrocketing. Bangladesh Computer Accessories growth is further fueled by the government's initiatives to modernize the IT sector and enhance digital literacy, making technology more accessible to the masses. E-commerce, burgeoning as a primary shopping channel, is creating a demand surge for peripherals like high-performance processors, storage solutions, and networking devices. Furthermore, as businesses increasingly rely on digital platforms for operations, the need for secure and efficient computing accessories becomes paramount, facilitating market expansion. These dynamics, coupled with the rising trend of remote working and learning, position the market on a trajectory of sustained growth.
According to 6Wresearch, the market is anticipated to grow steadily, reaching a CAGR of 10% during the forecast period 2025-2031. This growth is predominantly driven by the increasing demand for more sophisticated and high-performance computing solutions due to the digital transformation initiatives and the rising popularity of e-commerce platforms in the country. Moreover, the rapid expansion of information technology infrastructure and higher investments in ICT projects are significantly contributing to this growth. However, the market faces several challenges, including fluctuating raw material prices and supply chain disruptions.
Additionally, the need for technological expertise and the dependency on imported components also pose hurdles for sustainable growth in the market. To overcome these obstacles, businesses in the Bangladesh computer accessories market are focusing on forging strategic partnerships with international manufacturers to secure a stable supply of components. They are also investing in the enhancement of local production capabilities to reduce reliance on imports. Furthermore, there is a growing emphasis on upskilling the workforce to boost technological proficiency, thereby supporting the market's resilience and its ability to adapt to evolving consumer needs and global trends.
Several key trends are shaping the Bangladesh computer accessories industry as it continues its growth trajectory. Firstly, there is an increasing preference for wireless technology, with consumers opting for wireless keyboards, mice, and headphones that offer enhanced convenience and mobility. Secondly, sustainability is becoming a significant factor in consumer decisions, prompting manufacturers to develop eco-friendly products with recyclable materials and energy-efficient features.
Additionally, the rise of remote work and digitalization has driven higher demand for webcams, external monitors, and other home office peripherals. Customization and personalization are also gaining traction, as users seek accessories that cater to their specific needs and preferences, often choosing products that can be tailored in terms of functionality and aesthetics. Finally, e-commerce platforms are rapidly emerging as popular shopping destinations, providing consumers with easy access to a wide range of products and competitive pricing, further fueling market growth.
As the Bangladesh computer accessories market continues its robust growth, several investment opportunities have emerged for both local and international investors. A key area of interest is the manufacturing sector, where setting up production facilities for computer accessories can be highly profitable due to the increasing demand and lower production costs compared to other regions. Investing in technology startups focused on innovation, such as those developing smart accessories with integrated IoT capabilities, offers potential for high returns as consumer interest in smart technology grows.
Furthermore, e-commerce presents a lucrative opportunity, as the shift towards online shopping gains momentum. Investing in e-commerce platforms or digital payment solutions can help capture the growing consumer base seeking convenience and variety. Engaging in partnerships with established brands to distribute products locally can also be a strategic move to leverage existing market trends. Lastly, sustainable, and eco-friendly tech products are on the rise, making green tech ventures a promising area for investment as consumers increasingly prioritize sustainability in their purchasing decisions.
Leading players are expected to be both prominent international brands and emerging local companies. Major global brands like Logitech, HP, and Dell, known for their high-quality peripherals and advanced technology solutions, are continuously strengthening their presence in the market. These companies leverage their global expertise and strategic partnerships to cater to the rising demand for computer accessories in Bangladesh.
Additionally, local firms are increasingly making their mark by offering competitive pricing and customized solutions tailored to regional consumer preferences. Companies such as Walton and Singer Bangladesh are gaining traction by expanding their product lines and focusing on quality to compete with international brands.
The Bangladesh computer accessories market is subject to a range of government regulations aimed at ensuring quality, safety, and fair practices. One prominent regulation includes the requirement for all electronic goods to comply with the Bangladesh Standards and Testing Institution (BSTI) certification. This ensures that products meet certain safety and quality standards before they can be sold in the market. For example, a company importing USB devices must have these products tested and certified by BSTI to ensure they do not pose any safety risks to end-users.
In addition, import tariffs and customs duties play a significant role in regulating the computer accessories market. The government imposes these taxes to protect local industries from foreign competition. For instance, high tariffs on imported computer peripherals are designed to encourage local production and assembly, thereby supporting domestic businesses, and creating job opportunities within the country.
Another regulation influencing this market is the Digital Security Act, which indirectly affects the development and sale of accessories with built-in security features, such as encrypted USB drives or cyber-protection software. Companies must ensure their products comply with data protection and privacy standards outlined in this legislation, making it crucial for manufacturers to stay updated with regulatory changes.
As Bangladesh continues to advance technologically, the computer accessories market is poised for significant growth in the coming years. The expansion of digital infrastructure and increased internet penetration are expected to drive demand for a wide range of computer peripherals. The government's commitment to fostering a digital economy through initiatives like "Digital Bangladesh" plays a critical role, as it aims to establish the country as a knowledge-based society.
Furthermore, the growing tech-savvy population, particularly among the younger generation, is likely to influence market trends, with consumers seeking more innovative and sophisticated accessories. Advances in technology will lead to the development of smart and IoT-enabled devices that integrate seamlessly with everyday life, setting the stage for a dynamic shift in product offerings.
Additionally, the push towards sustainability will continue to shape market dynamics, with companies investing in eco-friendly materials and energy-efficient manufacturing processes to align with global environmental standards. As new players enter the market and existing businesses expand their operations, there is potential for enhanced competition and collaboration, which could lead to improved product quality and competitive pricing. Overall, the Bangladesh computer accessories market presents exciting opportunities and challenges, driven by technological innovation and regulatory developments.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Parth, Senior Research Analyst, 6Wresearch, PC Gaming Peripherals segment is expected to dominate the Bangladesh Computer Accessories Market Share. With the rising popularity of e-sports and online gaming communities, there is a significant demand for high-performance gaming equipment, including specialized keyboards, mice, and headsets.
This trend is fueled by a growing youth demographic embracing digital entertainment, thereby driving growth and innovation within the gaming peripheral sector.
The dominant segment of the Bangladesh Computer Accessories Market is anticipated to be the Consumers Sector. As e-sports and online gaming gain popularity amongst young consumers, the demand for high-performance and specialized gaming accessories continues to rise. This growth is significantly impacting the market, as consumers increasingly prioritize quality and performance in their gaming experience. As a result, the consumer sector is positioned to lead market expansion, propelled by these trends in digital entertainment.
The market report has been segmented and sub segmented into the following categories:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bangladesh Computer Accessories Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Computer Accessories Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Computer Accessories Market - Industry Life Cycle |
3.4 Bangladesh Computer Accessories Market - Porter's Five Forces |
3.5 Bangladesh Computer Accessories Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Bangladesh Computer Accessories Market Revenues & Volume Share, By End-user, 2021 & 2031F |
4 Bangladesh Computer Accessories Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Computer Accessories Market Trends |
6 Bangladesh Computer Accessories Market, By Types |
6.1 Bangladesh Computer Accessories Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Computer Accessories Market Revenues & Volume, By Product, 2021 - 2031F |
6.1.3 Bangladesh Computer Accessories Market Revenues & Volume, By Printers, 2021 - 2031F |
6.1.4 Bangladesh Computer Accessories Market Revenues & Volume, By PC Gaming Peripherals, 2021 - 2031F |
6.1.5 Bangladesh Computer Accessories Market Revenues & Volume, By External HDD, 2021 - 2031F |
6.1.6 Bangladesh Computer Accessories Market Revenues & Volume, By Keyboards, 2021 - 2031F |
6.1.7 Bangladesh Computer Accessories Market Revenues & Volume, By Pointing Devices, 2021 - 2031F |
6.1.8 Bangladesh Computer Accessories Market Revenues & Volume, By Webcams, 2021 - 2031F |
6.2 Bangladesh Computer Accessories Market, By End-user |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Computer Accessories Market Revenues & Volume, By Business Sector, 2021 - 2031F |
6.2.3 Bangladesh Computer Accessories Market Revenues & Volume, By Consumers Sector, 2021 - 2031F |
7 Bangladesh Computer Accessories Market Import-Export Trade Statistics |
7.1 Bangladesh Computer Accessories Market Export to Major Countries |
7.2 Bangladesh Computer Accessories Market Imports from Major Countries |
8 Bangladesh Computer Accessories Market Key Performance Indicators |
9 Bangladesh Computer Accessories Market - Opportunity Assessment |
9.1 Bangladesh Computer Accessories Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Bangladesh Computer Accessories Market Opportunity Assessment, By End-user, 2021 & 2031F |
10 Bangladesh Computer Accessories Market - Competitive Landscape |
10.1 Bangladesh Computer Accessories Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Computer Accessories Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |