Global HCP Market Continues to Grow in Q2

Global HCP Market Continues to Grow in Q2

The worldwide hardcopy peripherals (HCP) market shipments growing 13.4% year over year to nearly 22.9 million units in the second quarter (Q2). According to IDC, it is the fourth quarter in a row that the global HCP market reported growth.

Shipment value also increased during the quarter with year-over-year growth of 31.2% to $10.2 billion signaling the return to the office.

Notable highlights from the quarter include:

• Inkjet vendors continued to record high shipments to cater to ongoing demand and to fill order backlogs. The Laser market also saw year-over-year growth, another sign that the return to office is underway.
• Seven out of nine regional markets witnessed year-over-year expansion in unit shipments. Similar to last quarter, the common theme for this quarter is that growth was driven by increased demand for low-end devices.
• HP Inc. and Epson grew 11.7% and 57.1% year over year, respectively while Canon declined 5.9% due to semiconductor shortages and stock issues. As with Canon, Brother also experienced significant challenges regarding production and stock availability causing it to contract 4.9% year over year.

In the first quarter, the global HCP market shipments growing 19.3% year over year to approximately 25.5 million units, according to IDC.

Shipment value also increased during the quarter with year-over-year growth of 10.8% to $10.9 billion as more tenders and contract renewals took place in the office.

Related:

• IDC: Global HCP Market Grows in Q1
• IDC Reveals European MFP Market Shipments Continue to Grow
• IDC: Q3 Western Europe MFP Market Increases in Units
• IDC: Global HCP Market Shipment Grows but Value Declined in Q4

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