US Office Market to Expand from 2016 to 2020

A leading global technology research and advisory company—Technavio has released a report to forecast the American office stationery and supplies market. The report says the market will produce revenues more than US$87 billion from 2016 to 2020.

According to Technavio, multichannel retailers in the US of office stationery and supplies are likely to replace the single entity stores. Marketers have seen great sales growth through using omni-channel distribution.

Technavio concludes three factors that contribute to the growth of the office stationery and supplies market in the US, namely preference for green products, demand for computer and printer supplies and e-commerce development.

With the growing focus on deforestation and reducing carbon footprints, vendors of the office stationery and supplies market in the US prefergreen products.

IT integration and industry automation are driving the office stationery and supplies market in the US as well.

In this part, the category of toner cartridge is the biggest revenue contributor. The demand is going up, and will grow at the CAGR of around 9% in the next five years.

In the past ten years, Internet expansion has driven the online retail market in the US.

In addition, mobile devices have bridged the gap between online and offline retail of office stationery and supplies. Now it becomes the most important part in multichannel shopping.

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