TECH SUPPLIER Aug 2022 - Market Perspective - Doc # US47974122
What We Saw: U.S. Consumer and Office Print Activity, 1Q22
This IDC Market Perspective provides an update on office and consumer printer shipment activity in the first quarter of 2022 for the United States.
"In the first quarter, the print hardware market struggled with ongoing component shortages and shipping delays. As a result, printer and MFP demand continues to exceed supply. Price increases accelerated in the first quarter, as vendors sought to absorb high shipping costs and maximize profits. Additional price hikes can be expected through the rest of the year as product availability is expected to remain constrained into 2023." — Geoffrey Wilbur, research manager, IDC's Imaging, Printing, and Document Solutions