Inkjet Printers Continue to Lead the India HCP market in 2017 Q1, IDC India Reports
25 May 2017
NEW DELHI, May 25th, 2017 – According to the latest IDC Asia Pacific Quarterly Hardcopy Peripherals Tracker, May 2017, the HCP* market in India registered a 0.5 percent year-on-year (YoY) growth for the first time in six quarters after unit shipment reached 799,164 in 2017 Q1. The actual numbers for 2017 Q1 are in line with the IDC forecast numbers with only 1% variance in Inkjet HCP and 2% variance in the Laser HCP market.
After demonetization affected 2016 Q4, the printer market bounced back in 2017 Q1 with the inkjet market leading the way with a 15.4 percent growth YOY. Over the past 12 months, the Indian HCP market has witnessed a significant technology shift, with customers showing an ever-increasing inclination towards ink tank printers over entry level laser printers. The main reason behind this shift is the low cost of printing (starting from as low as 7 paise for black and white (B&W) and 18 paise for color printout) and in-box high page yield ink bottles available in the market. There was also a significant marketing push from vendors, which resulted in generating high visibility for ink tank printers.
Overall HCP* Market
Inkjet HCP* Market
• Epson overtook HP as market leader in terms of unit share for the first time ever after posting a 26.5 percent growth YoY. Epson captured 42.9% of the market while HP had 39.4 percent.
• The market overall was robust with the top 3 vendors posting double-digit growth. HP and Canon posted 11 percent and 13.6 percent YoY growth, respectively.
Ink Tank Printers constitute the lion’s share of the Inkjet market, which contributed to Epson capturing the no.1 position in the category. "Demand from SMEs in smaller cities/towns and home consumers continued to be the driving force behind the growth of Ink Tank Printers shipments in 2017Q1,” says Abhishek Mukherjee, Senior Market Analyst, IDC India.
Laser HCP* (Printer - Based) Market
• Laser printer market suffered a decline of 10.2 percent in 2017 Q1 compared to 2016 Q1. Among the leading vendors, Canon managed to register a growth of 12.6 percent for the same period.
• HP Inc. continues to be the market leader in laser HCP* with a share of 54.8 percent, followed by Canon and Samsung at the second and third position respectively.
Laser HCP* (Copier - Based) Market
• Copier market saw a QoQ growth of 45.9 percent after a soft 2016 Q4 with demonetization affecting the jobbers segment and low government spending.
• Kyocera shot up to the No.1 spot with a market share of 26.8 percent with a YOY growth of 22.8 percent.
“Laser printer based market continues to face challenges although in 2017 Q1 they managed to narrow the shipment gap with inkjet printers quite significantly owing to some good government and corporate deals,” says Manali De Bhaumik , Senior Market Analyst, IDC India.
IDC India Forecast
“Despite the GST tax slab announcement, some confusion prevails as printers are listed in both 18 and 28 percent respectively. While the industry waits for clarification on the tax slab, channel partners have already started holding back on inventory stocking, which is likely to bring down the printer shipments in Q2,” says Nishant Bansal , Research Manager (IPDS), IDC India.
For more information on “India HCP market”, Please contact Nishant Bansal, Research Manager at firstname.lastname@example.org, Manali De Bhaumik, Senior Research Analyst at email@example.com and Abhishek Mukherjee, Senior Research Analyst at firstname.lastname@example.org.
About IDC Trackers
IDC Tracker products provide accurate and timely market size, vendor share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools and research processes, IDC's Trackers are updated on a semi-annual, quarterly, and monthly basis. Tracker results are delivered to clients in user-friendly excel deliverables and on-line query tools. The IDC Tracker Charts app allows users to view data charts from the most recent IDC Tracker products on their iPhone and iPad.
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. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a subsidiary of IDG, the world's leading technology media, research, and Events Company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC.
All product and company names may be trademarks or registered trademarks of their respective holders.
ContactFor more information, contact: