According to HTF Market Intelligence, the Global Vietnam Calculators Market market to witness a CAGR of 6% during forecast period of 2023-2028. Vietnam Vietnam Calculators Market Breakdown by Application (Personal Use, School Use, Business Use) by Type (Basic, Financial & Business, Graphing, Printing, Scientific) and by Sales Channel (Online, Offline). The Vietnam Calculators Market market size is estimated to increase by USD 9.77 Billion at a CAGR of 6% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 22.16 Billion.
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The Vietnam calculator market refers to the sales of electronic calculators, which are portable devices used for performing mathematical calculations, including basic arithmetic functions, complex scientific calculations, and financial calculations, among others.
Vietnam Calculators Market market – Key Segment Analysis
The market share growth by the Basic segment will be significant during the forecast period. The segment is driven by the Rising population and increasing literacy rates in Vietnam, leading to a growing demand for calculators in education and other sectors..
Vietnam Calculators Market market – Competition Analysis
The global Vietnam Calculators Market market is seeing several joint ventures to intensify the capability of manufacturers and/or companies to establish geographic footprints to new territory. The vendors are accelerating M&A strategies to expand their geographical reach, which is shaping the market toward new growth cycle. The list of players that are profiled in the study are Casio, Lyreco, Canon, Hewlett-Packard, Sharp Corporation.
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Vietnam Calculators Market
Market Drivers
- Rising population and increasing literacy rates in Vietnam, leading to a growing demand for calculators in education and other sectors.
Market Trend
- Increasing demand for graphing calculators among students and professionals.
Market Opportunities
- Development of advanced calculators with innovative features and functionalities, such as touchscreen displays and cloud connectivity.
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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
- Political (Political policy and stability as well as trade, fiscal, and taxation policies)
- Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
- Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
- Technological (Changes in digital or mobile technology, automation, research, and development)
- Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
- Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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