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Global office services & supplies market to grow at a CAGR of 3.6%

Press Release   •   Jul 30, 2012 09:35 BST

The global office services & supplies market has been forecast to accelerate at an anticipated compound annual growth rate (CAGR) of 3.6% over the next five-years, which is expected to drive the market to a value of $240.1 billion by the end of 2016.

Between 2007 and 2011 the global office services & supplies market recorded a CAGR of 3.2%, to show total revenues of $200.9 billion.

The office services & supplies market consists of revenues generated from the manufacture and sale of paper, storage and other equipment, pens and pencils, business forms and stationery, and office services, such as photocopying, printing, binding etc.

The market does not include the sale of office furniture or the sale of any items to non-business customers.

In 2011, paper-based products sales proved the most profitable for the global office services & supplies market, with total revenues of $102.5 billion, equivalent to 51% of the market's overall value.

In the US, the office services & supplies market had total revenues of $85.3 billion in 2010, representing a compound annual growth rate (CAGR) of 1.4% between 2006 and 2010.

Once again paper-based products sales proved the most lucrative for the US market in 2010, with total revenues of $40.2 billion, equivalent to 47.1% of the market's overall value.

Some of the key players representing the global office services & supplies market include, 3M, Staples, Inc. and Office Depot, Inc.

For more information on the global office services & supplies market, see the latest research: Global Office Services & Supplies Market Report

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