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24 May 2017

China Propelled APeJ Growth for the fourth Consecutive Quarter as SMB Stimulates Increased Demand for Print, IDC Reports

SINGAPORE, May 25th, 2017 – According to the latest IDC Asia Pacific Quarterly Hardcopy Peripherals Tracker, the total hardcopy peripherals shipment in 2017Q1 for the Asia Pacific region excluding Japan (APeJ) was 7.27 million units. This is a 5.6% improvement vs the same period last year and marks the fourth consecutive quarter of growth for the region. Both laser and inkjet markets have contributed to the growth, with laser growing 7.1% year-on-year (YoY) while inkjet grew by 8.1% YoY. The region’s growth was largely driven by China, where the demand for print devices significantly grew as local government policies encouraging entrepreneurship helped to induce more than 5 million new businesses in 2016.

“With a daily average of more than 13,000 new businesses in 2016, majority of which are within the SMB segment, there is a significant influx of offices in need for print devices in China. As a result, we should see the China market’s continued growth in the coming year,” says Yexi Liao, Market Analyst of IDC Asia/Pacific’s Image Printing and Document Solutions (IPDS) team.

“HP pounced on the increased opportunities in China by partnering with one of China’s top etailers, JD.com, to host a JD HP Super Brand Day promotion in February this year. The promotion helped HP to widen their lead as the top vendor in the APeJ market and contributed to their 11% growth vs the same period last year. HP is expected to continue its upward trend as they take aim at the laser copier market with their range of new products to be launched later this year,” according to Yexi.

Here are some other key highlights and upcoming trends to note in the APeJ hardcopy peripherals market from 2017Q1:

  • The top five hardcopy peripherals companies account for 81% of the market. The main players dominance is expected to continue, especially with the full implementation of HP Inc’s acquisition of Samsung’s print business in the 2nd half of 2017. We do not expect to see any new hardcopy peripherals companies entering the market that will be able to make a significant difference to the market.
  • Inkjet market continues to shift more towards ink tank printers. Ink tank printers continues to grow at a rapid rate, recording a 34.3% YoY growth in 2017Q1. The growth is largely due to the consumer and SMB segments of the market, where they are more cost conscious and prefer the low cost per page benefit that ink tank technology can provide. ASEAN remains to be the top market for both inkjet and ink tank printers, while India has finally overtaken China this quarter as the 2nd biggest ink tank market in the region.
  • Laser market in APeJ continues to outperform the rest of the world. Propelled by the growing demand for print devices in China, APeJ had recorded the highest YoY growth rate in the world for the 3rd consecutive quarter. HP Inc grew the fastest, increasing their laser shipment in the region by more than 177,000 units YoY in 2017Q1 vs same period last year.
  • Online sales is at an all time high. Due to the strong partnership between vendors and key etailers such as JD.com and Tmall, online purchasing is no longer just for consumers; even channels are shifting to make their purchases online due to the low product pricing and ease of delivery provided by the etailers.
  • Mature markets continue to shift away from print. Overall shipment in mature markets such as Singapore, Hong Kong, Australia, New Zealand, and Korea continued to decline in 2017Q1 as a result of digitization and the high adoption rate of smart devices.

For inquiries on this tracker research, please contact your IDC account manager or Shari Jane Jansen at sjansen@idc.com. For media inquiries, please contact Tessa Rago trago@idc.com or Alvin Afuang aafuang@idc.com.

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For more information, contact:

Yexi Liao
yliao@idc.com
+65 6829 7732

Alvin Afuang
aafuang@idc.com
+63917 797 4586

Theresa Rago
trago@idc.com
+65 91593053