IDC: Global HCP Market Shipments Declined in Q2

IDC: Global HCP Market Shipments Declined in Q2

Worldwide shipments of hardcopy peripherals declined 3.9% year over year to 22.0 million units in the second quarter of 2022 (Q2, 2022), according to IDC.

Shipment value decreased 5.3% year over year during the quarter to $9.6 billion. Persistent supply shortages continued to affect the HCP market and full inventories are not expected until 2023.

Notable highlights from the quarter include:

• IDC expects shipments for the remainder of 2022 to be inconsistent across most segments, with significant amounts of new products being diverted to fulfill back orders and tenders rather than for new business.
• In terms of regional markets, Asia/Pacific (excluding Japan and China) (APeJC) and the People’s Republic of China (PRC) outperformed all other global regional markets, posting year-over-year unit gains of 7.4% and 1.0% respectively. The growth was mainly driven by economic recovery across all countries in APeJC compared to the same period last year. On top of that, supply and logistics issues also saw improvements over the past few quarters. Large-scale promotional activities on June 18 in PRC also played a role in boosting the sales of ink cartridge printers.
• Canon, the second ranked company, recorded 10.0% year over year growth worldwide with more than 4.4 million units shipped. Canon’s overall supply was better in Q2 for 4-in-1 ink cartridge printers than for 3-in-1 ink tank printers. There were new commercial models introduced and Canon was hoping for inkjet to make up for the gap left behind by the discontinuation of previous models.

Related:

• IDC: Global HCP Market Shipment Fell in Q1
• IDC: Global HCP Market Suffers Decline in Q4
• IDC: Global HCP Market Grows in Q1
• IDC: China Printer Market Hit Hard in Q1 by Lockdown
• IDC: Review on 2021 China Print Consumables Market

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