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Desktop Calculator Market

Global Market Study on Desktop Calculators: Demand from Finance, Retail, & Professional Services Domains to Sustain Adoption

Desktop Calculator Market by Type (Basic Functional Calculator, Scientific Calculator, Financial Calculator and Graphical Calculator)

Desktop Calculator Market Outlook (2023 to 2033)

As of 2022, demand for the Desktop Calculator Market is estimated at US$ 1,554.3 Million and is forecasted to sales of US$ 2,767.2 Million by the end of 2033. The market is estimated to be US$ 1,614.9 Million by 2023 and is anticipated to progress at a CAGR of 5.5% from 2023 to 2033.

A Desktop Calculator is an electronic device designed for performing mathematical calculations. It usually has a fixed, sturdy base and a set of keys for inputting numbers and mathematical functions. Desktop calculators can perform basic arithmetic operations such as addition, subtraction, multiplication, and division, as well as more advanced mathematical functions such as trigonometric calculations, exponential and logarithmic functions and statistical analysis.

Most modern desktop calculators also have a digital display that shows the input numbers, the result of the calculation, and sometimes additional information such as the date and time. Some desktop calculators are also equipped with printing capabilities, allowing users to print out a record of their calculations. Desktop calculators are commonly used in business and finance settings for accounting, budgeting, financial analysis, and other financial calculations.

In 2022, the market was dominated with North America with a market share of 24.3% and it was followed by the market share of Europe of 17.2%.

Desktop Calculator Market Size (2022)

US$ 1,554.3 Million

Projected Market Value (2033)

US$ 2,767.2 Million

Global Market Growth Rate (2023 to 2033)

5.5%

Basic Functional Calculator Market Share (2022)

32.2%

United States Market Share (2022)

15.3%

Retail Market Share (2022)

38.9%

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What are the Major Factors Driving the Desktop Calculator Market?

“Growing Popularity of Financial and Scientific Calculators Is Driving the Demand for Desktop Calculator Market”

The growing popularity of financial and scientific calculators is driving the demand for desktop calculators, particularly in the education and professional sectors. Financial calculators are designed to perform complex financial calculations, such as interest rate conversions and present value calculations, and are often used in the banking and finance industries.

Scientific calculators, on the other hand, are designed to perform advanced mathematical calculations and are used in scientific research, engineering, and academic settings. As these industries continue to grow, the demand for financial and scientific calculators is expected to increase, driving the overall demand for desktop calculators.

  • In November 2022, an India based ed-tech tools company announced the launch of their scientific calculator Gate60. The calculator is specifically designed for the candidates that participate in the numerous competitive exams that are held in India, particularly GATE (Graduate Aptitude test in Engineering). The calculator is designed to save calculation time and is designed to have separate keys for each function.
  • In October 2022, Casio announced the launch of its new ergonomic calculator. The calculator is designed to be easily held and used by the right hand. The design was finalized after conducting surveys upon how people operate their calculators and through insights provided by National Institute of Advanced Industrial Science and Technology, Japan.
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Which Factor is Driving the Opportunity in the United States for the Desktop Calculator Market?

“Adoption of New Technologies in Desktop Calculators”

The advancements in technology have allowed for significant improvements in their functionality and design. Some calculators now feature full-color LCD displays, allowing for clearer and more detailed graphs and charts. Other calculators now come with built-in programming languages, allowing users to create and execute custom functions and programs.

Desktop calculators is the integration of wireless connectivity, enabling users to access and share data with other devices. This can be especially useful for professionals who need to collaborate with colleagues or work remotely. Some calculators even feature cloud connectivity, allowing for seamless integration with cloud-based storage services and online tools.

In addition to these technical innovations, desktop calculators are also becoming more environmentally friendly, with many manufacturers using sustainable materials and reducing their carbon footprint. Some calculators even feature solar panels, allowing them to operate without the need for batteries or external power sources. Overall, the latest technologies in desktop calculators offer a range of benefits, including improved functionality, connectivity, and sustainability. As such, they are an excellent tool for anyone who needs to perform complex calculations quickly and accurately.

Due to these reasons, in 2022, the United States desktop calculator market companies helped the country to account for a dominant share of 15.3% in the global marketplace.

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Which Country in East Asia Has the Highest Global CAGR for the Desktop Calculator Market?

“China has high CAGR for Desktop Calculator Market”

The Chinese market for desktop calculators is also benefiting from the country's strong manufacturing capabilities, which allows for the production of high-quality and cost-effective products. In addition, the increasing popularity of e-commerce and online shopping in China has made it easier for consumers to access a wider range of products and brands.

Overall, China's growing market for desktop calculators presents significant opportunities for both domestic and international manufacturers. With its large and growing customer base, coupled with the increasing demand for technologically advanced and easy-to-use products, the Chinese market is expected to continue to grow in the coming years.

The CAGR of China for desktop calculator’s markets is predicted to be around 11.9%.

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Which Country in Europe will create lucrative growth for the Desktop Calculator Market?

“United Kingdom Holds a High Global Market Share in Europe Region for Desktop Calculator”

The demand for desktop calculators is also increasing in United Kingdom due to a growing number of small and medium-sized businesses that require efficient and reliable calculators for their operations.

Moreover, as technology continues to advance, there is a growing need for sophisticated calculators that can perform complex calculations quickly and accurately, creating an opportunity for desktop calculator manufacturers to develop more advanced models that can meet the evolving needs of businesses and individuals.

Furthermore, the increasing focus on sustainability and environmental responsibility may also drive growth in the desktop calculator market, as consumers and businesses seek to reduce their environmental footprint by using durable and long-lasting products like desktop calculators.

Due to this reason, the desktop calculator market for the United Kingdom in 2022 held a market share of 7.7% in the global desktop calculator market.

Category-wise Insights

Which Type of Calculator Segment of the Desktop Calculator Market Holds the Largest Market Share?

“Basic Functional Calculator Segment Have the Larger Market Share”

The basic calculators are typically designed to perform essential arithmetic functions such as addition, subtraction, multiplication, and division, and are often used for simple calculations. This makes them a cost-effective and reliable solution for a wide range of users, including students, individuals, and businesses. Other calculators are often designed to be easy to use, with a simple layout and large buttons, making them accessible to users of all ages and skill levels. This ease of use has made them a popular choice in educational settings, as well as for everyday personal use.

Additionally, the durability and longevity of basic calculators make them an attractive option for users who require a long-lasting and reliable tool. Basic calculators are often designed to withstand heavy use and can last for years with minimal maintenance or repair. Finally, the affordability of basic calculators has made them a popular choice for individuals and businesses who require a reliable and cost-effective calculation tool. They are often priced lower than more advanced calculators, making them accessible to a wide range of users.

Overall, the basic functional calculator holds the largest share in the calculator market due to its simplicity, ease of use, durability, and affordability. These factors have made them a reliable and cost-effective solution for a wide range of users, ensuring their continued popularity in the calculator market.

These factors have contributed to the popularity and market share of basic functional calculator, and it is expected that this segment of the market will continue to grow in the coming years.

In 2022 the, basic functional calculator share was estimated to dominate the global market and account for 32.2% of the total market value share.

Why the Retail End User Segment are holds a Large Market?

“Growing Demand for E-commerce and Small Business Sectors”

This segment includes individuals and small businesses who use desktop calculators for personal finance, accounting, and other basic calculations. One of the reasons for the growth of this segment is the increasing popularity of online shopping and e-commerce, which has led to the growth of small businesses and home-based businesses. These businesses often require basic financial calculations, such as profit margins and taxes, and rely on desktop calculators as a cost-effective and efficient solution.

Also the many individuals still prefer the experience of using a physical calculator to perform calculations, and desktop calculators offer a reliable and easy-to-use option. Furthermore, the affordability and durability of desktop calculators make them an attractive option for retail end users. Many models are designed to be long-lasting and withstand heavy use, making them a cost-effective solution for both personal and business use.

In 2022, it was estimated that the retail end user will account for 38.9% of the market share with a CAGR of more than 7.1% over the forecast period.

Competitive Landscape

Companies invest in research and development to create new and improved desktop calculator technologies. Companies may offer a wide range of desktop calculator products to cater to different applications and industries. Companies may focus on building strong brand recognition and promoting their products through various marketing channels. Companies may strive to reduce costs and increase efficiency in order to offer competitively priced products.

  • In August 2020, Casio announced the start of its automated assembly of its scientific calculator in September at Yamagata Casio Co. Ltd based in Japan. The automated assembly line reduces the requirement for manual labour.
  • In January 2020, Central Board of Secondary Education (CBSE) announced that it will allow students with special needs to use calculators for the class 10th and 12th board examinations.

Recent developments related to key players providing the desktop calculator market have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.

Desktop Calculator Market Report Scope

Attribute

Details

Forecast Period

2023 to 2033

Historical Data Available for

2018 to 2022

Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • Turkey
  • South Africa
  • GCC Countries

Key Market Segments Covered

  • Type
  • End-user
  • Region

Key Companies Profiled

  • Lyreco
  • Casio Computer Co. Ltd.
  • Texas Instruments Incorporated
  • Canon USA Inc.
  • Citizen Systems
  • Sunway Electronics Company
  • Ultmost Technology Group
  • Hewlett Packard Development Company
  • Orpat Group
  • Flair Calculators
  • Liquidware Labs, Inc.
  • Sharp Electronics Corporation
  • Claro Calculators
  • Desmos

Pricing

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Key Segments of Desktop Calculator Market Research

By Type:

  • Basic Functional Calculator
  • Scientific Calculator
  • Financial Calculator
  • Graphical Calculator
  • Others

By End User:

  • Household
  • Retail
  • Consumers
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

- Companies Covered in This Report -

  • Lyreco
  • Casio Computer Co.Ltd
  • Canon USA Inc.
  • Citizen Systems
  • Sunway Electronics Company
  • Ultmost Technology Group
  • Hewlett Packard Development Company
  • Orpat Group
  • Flair Calculators
  • Liquidware Labs, Inc.
  • Sharp Electronics Corporation
  • Claro Calculators
  • Desmos

- Frequently Asked Questions -

In 2022, demand for the desktop calculator market amounted to US$ 1,554.3 Mn.

The global desktop calculator market is estimated to grow at a CAGR of 5.5% over the forecast period.

The market for Desktop Calculator Market is forecasted to have a market value of US$ 2,767.2 Mn by 2033.

Demand for the desktop calculator market in China is projected to rise at 11.9% CAGR over the forecast period.

In 2022, North America desktop calculator market held a dominant market share of 24.3%.

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