NEEDHAM, Mass., April 23, 2025 – In the fourth quarter of 2024, the global Hardcopy Peripherals (HCP) market experienced a 3.1% year-over-year (YoY) growth, with nearly 22 million units shipped. This marks the second consecutive quarter of positive YoY growth, as reported by the IDC Worldwide Quarterly Hardcopy Peripherals Tracker.
The fourth quarter of 2024 showed varied regional outcomes. Five out of nine regional markets recorded positive YoY growth, including Western Europe (10.5%), Asia Pacific (excluding Japan and PRC) (5.4%), Latin America (29.5%), the Middle East & Africa (4.3%), and Canada (10.6%). These increases were attributed to improved economic conditions in certain regions and attractive promotions from key vendors.
|
Worldwide Hardcopy Peripherals Market, Unit Shipments, Company Share, and Year-Over-Year Growth, Q4 2024 (based on unit shipments) |
|||||
|
Companies |
4Q24 Unit Shipments |
4Q24 Market Share |
4Q23 Unit Shipments |
4Q23 Market Share |
4Q24/4Q23 Growth |
|
1. HP Inc. |
7,502,356 |
34.2% |
7,055,552 |
33.2% |
+6.3% |
|
2. Epson |
4,944,913 |
22.5% |
4,693,384 |
22.1% |
+5.4% |
|
3. Canon Group |
4,466,240 |
20.4% |
4,505,969 |
21.2% |
-0.9% |
|
4. Brother |
2,146,550 |
9.8% |
2,011,944 |
9.5% |
+6.7% |
|
5. Pantum |
639,777 |
2.9% |
557,970 |
2.6% |
+14.7% |
|
Others |
2,245,449 |
10.2% |
2,457,984 |
11.5% |
-8.6% |
|
Total |
21,945,285 |
100.0% |
21,282,803 |
100.0% |
+3.1% |
|
Source: IDC Worldwide Quarterly Hardcopy Peripherals Tracker, February 6, 2025 |
Notes:
- IDC tracks A3-A4 devices in the Quarterly Hardcopy Peripherals.
- Hardcopy Peripherals include single-function printers, multifunctional systems (MFPs), and single-function digital copiers (SF DC). Data for all vendors are reported for calendar periods.
For more information about IDC’s Worldwide Quarterly Hardcopy Peripherals Tracker, please contact Jackie Kliem at 508-988-7984 and jkliem@idc.com.
Click here to learn about IDC’s full suite of data products and how you can leverage them to grow your business.
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. With more than 1,300 analysts worldwide, IDC offers global, regional, and local expertise on technology, IT benchmarking and sourcing, 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 wholly owned subsidiary of International Data Group (IDG), the world’s leading tech media, data, and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights.
-###-