HP, Epson and Canon Share in India HCP market

Originally published at infotechlead.

India HCP market posted 4.1 percent drop in terms of shipments to 0.85 million units in Q1 2019 – driven by slowdown in consumer and commercial demand, the latest IDC report said.

HP (excluding Samsung) maintained its leadership in the India HCP market with 37.7 percent share. HP’s HCP shipment declined 7.6 percent — primarily led by the inkjet segment, which declined by 11.6 percent.

HP retained its 2nd position in the inkjet segment with 24.6 percent share. HP’s copier shipments grew 15.7 percent quarter over quarter due to strong demand from the corporate and Government segment.

HP maintained its leadership position in laser printer market, capturing more than 60 percent of the market share.

Epson remained at 2nd position in the HCP market by grabbing 13.1 percent growth and 31.4 percent market share. Epson held its leadership position in the inkjet market while increasing its unit market share to 56.1 percent.

Epson’s gains were mainly due to SMBs which are preferring ink tank over expensive laser printers as it remains the preferred choice in commercial segment when it comes to ink tank printers.

Canon recorded decline of 10.5 percent while maintaining its 3rd position in the HCP market and capturing 16.1 percent unit market share. The decline in Canon’s shipment was largely due to inventory correction exercise undertaken due to the excessive stockpile in previous quarters.

Canon leads the copier market with 24 percent unit market share. The Government’s regulations on the refurbished market coupled with increased demand from Government helped Canon in maintaining its dominance in the copier market.

The report said Inkjet printer shipments grew 5.6 percent led primarily by Epson. The growth was led by Ink tank printers which recorded growth of 21.2 percent, the highest growth in the last 5 quarters.

The laser printer market declined 11.9 percent. The copier segment grew 19.4 percent and recorded the highest shipment ever. The copier market grew on the back of strong demand from government and government’s continued tight monitoring of the refurbished copier market.