Industry Background:
Pocket calculators got their name due to their compact size, which is small and handy and can be carried in the pocket. A pocket calculator is primarily used for doing calculations ranging from simple arithmetic to complex mathematics. After their introduction in the 1970s, they quickly became the norm in the oil and gas industry. And from there they became popular in almost every sector where calculations were necessary. A typical pocket calculator consists of an input keyboard, processor, power source, and a display to show output. There are different types of calculators like scientific calculators, graphing calculators, etc. Due to its unique advantages, the pocket calculator market has increasing demand like for students for retail show owners.This growth is primarily driven by Demand for Easy Arithematic Calculation for Saving Time and Accuracy and Surging Consumption of Pocket Calculator in Sales Sector.
Globally, a noticeable market trend is evident Adoption of Calculators with Printers
. Major Vendors, such as Citizen (Japan), Casio (Japan), TI (United States), Canon (Japan), Rockwell (United States), Sharp Electronics (Japan), Flair (Canada), Oreva (India), Sociosis Productions (India) and Karan Overseas International Co. (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In Nov 2018, Casio launched a new GST calculator in India. The Two GST calculators are called MJ-120GST and MJ-12GST and start at the price tag of Rs. 395. Both the calculators are available to purchase in the stationary store in India. The calculators feature built-in GST tabs for all five tabs- 0%, 5%, 12%, 18%, and 28% and include separate buttons for the GST slabs to reduce the time required for processing invoices.
Market Drivers
- Demand for Easy Arithematic Calculation for Saving Time and Accuracy
- Surging Consumption of Pocket Calculator in Sales Sector
Market Trend
- Adoption of Calculators with Printers
- Rising Use of Calculators with Increased Functionality
Restraints
- Introduction of Smartphones Hindering the Pocket Calculators Market
Opportunities
Increasing Demand from China and India Due to Greater Number of Graduating Students
Challenges
Pocket Calculator Market is a Penetrated Market
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Pocket Calculators Study Sheds Light on
— The Pocket Calculators Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Pocket Calculators industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Pocket Calculators industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.