2022 Printer OEM Market Share Revealed

2022 Printer OEM Market Share Revealed

The printer and consumables industry has welcomed the results of the data collected and analysed by International Data Corporation (IDC) in its most recent Worldwide Quarterly Hardcopy Peripherals Tracker.

Canon, Brother and Pantum can celebrate strong results in 3Q22 with year-over-year growth of 26.1%, 9.4% and  71.4% respectively.

However, HP, holding 40.9% of the market 12 months ago, ended up with just a 36.4% share of the total global market.

HP remains in the market leader position at 36.4%, with Canon regaining its former no. 2 position at 20.2%, just ahead of Epson at 19.2%. This time in 2021, Epson was in the 2nd position with a 20% market share. Brother remains stable in the 4th position.

The top 20 OEMs are: HP, Canon, Epson, Brother, Lenovo, Fuji Xerox, Kyocera, Pantum, Ricoh, Konica Minolta, Lexmark, OKI, RISO, Sindoh, Dell, Zebra, Brady, Roland DG, Honeywell and Stratasys.

According to the IDC Tracker Report, worldwide shipments of hardcopy peripherals grew 1.2% year over year to 21.2 million units in the third quarter of 2022 (3Q22). Shipment value increased 7.5% year over year during the quarter to US$9.8 billion.

Other notable highlights from the report include:

• China (PRC) and Asia/Pacific (excluding Japan and China) outperformed all other regional markets, posting year-over-year shipment growth of 12.7% and 6.4% respectively. Steady recovery in printing activity in commercial segments, including logistics, manufacturing, government, and financial institutions, also contributed to the year-over-year increase in these two regional markets.
• Year-over-year growth in China was mainly driven by inkjet devices (up 58.2% year over year). One particular highlight was Huawei and Xiaomi launching their separate ink tank series printers as new players in the market.
• Canon’s ink cartridge segment had a huge rebound compared to the same period last year. Furthermore, Canon’s ink tank growth was supported by good allocations and strong demand in most countries. Like Canon, Brother’s gains were helped by a healthy recovery in supply in many countries.

Related:

• May 2020: Market Share of Each Printer OEM Revealed

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