Friday, July 5, 2024
Global Printer Shipments Decrease Significantly Says IDC
Global Printer Shipments Decrease Significantly Says IDC
According to the IDC Worldwide Quarterly Hardcopy Peripherals Tracker, global shipments, and the value of those shipments, of hardcopy peripherals (HCP) declined in the first quarter of 2024.
Unit shipments dropped by 17.6% to 18.8 million units, while shipment value decreased by 15.6% to $9.3 billion. Annual declines ranging from 19.9% to 18.2% were observed across all three largest regional markets, primarily due to a less favorable base than in the same period last year.
Additionally, vendors’ reduced willingness to ship due to price reductions and high inventory levels contributed to the downturn.
Regarding the performance of major HCP brands, all experienced contractions to varying degrees.
Worldwide Hardcopy Peripherals Market, Unit Shipments, Company Share, and Year-Over-Year Growth, Q1 2024 (based on unit shipments)
HP and Epson, which together hold approximately half of the market share, were the most affected, with declines of 20.1% and 19.6%, respectively. In contrast, Brother saw only a slight decrease of 8%. Notably, Brother managed to increase shipments of ink tanks through B2B-focused channels in the Asia/Pacific regions, resulting in year-on-year growth.
About IDC Trackers
IDC Tracker products provide accurate and timely market size, vendor share, and forecasts for hundreds of technology markets in more than 100 countries worldwide. IDC’s Trackers are updated semiannually, quarterly, and monthly using proprietary tools and research processes. Tracker results are delivered to clients in user-friendly Excel deliverables and on-line query tools.
About IDC
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group (IDG), the world’s leading tech media, data, and marketing services company.
| Companies | 1Q24 Unit Shipments | 1Q24 Market Share | 1Q23 Unit Shipments | 1Q23 Market Share | 1Q23/1Q22 Growth |
| 1. HP Inc. | 6,570,320 | 34.9% | 8,226,438 | 36.0% | -20.1% |
| 2. Epson | 4,097,199 | 21.8% | 5,093,033 | 22.3% | -19.6% |
| 3. Canon Group | 3,591,857 | 19.1% | 4,175,621 | 18.3% | -14.0% |
| 4. Brother | 1,759,218 | 9.4% | 1,912,896 | 8.4% | -8.0% |
| 5. Pantum | 530,127 | 2.8% | 615,714 | 2.7% | -13.9% |
| Others | 2,259,778 | 12.0% | 2,798,004 | 12.3% | -19.2% |
| Total | 18,808,499 | 100.0% | 22,821,706 | 100.0% | -17.6% |
Related:
- IDC: Thailand HCP Market Declined in Q1 2024
- IDC: Growth of HCP Market Across MEA
- IDC: Global HCP Shipment Experienced Universal Decline
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