25 Aug 2022

Worldwide Hardcopy Peripheral Shipments Contracted 3.9% Year Over Year in the Second Quarter of 2022, According to IDC

NEEDHAM, Mass., August 25, 2022 – Worldwide shipments of hardcopy peripherals declined 3.9% year over year to 22.0 million units in the second quarter of 2022 (2Q22). Shipment value decreased 5.3% year over year during the quarter to $9.6 billion, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Hardcopy Peripherals Tracker. 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 2Q22 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.

Worldwide Hardcopy Peripherals Market, Unit Shipments, Company Share, and Year-Over-Year Growth, Q2 2022 (based on unit shipments)

Companies

2Q22 Unit Shipments

2Q22 Market Share

2Q21 Unit Shipments

2Q21 Market Share

2Q22/2Q21 Growth

1. HP Inc.

8,710,441

39.6%

9,074,276

39.6%

-4.0%

2. Canon Group

4,415,942

20.1%

4.014,765

17.5%

+10.0%

3. Epson

3,875,415

17.6%

4,875,561

21.3%

-20.5%

4. Brother

1,857,205

8.4%

1,783,552

7.8%

+4.1%

5. Pantum

486,107

2.2%

377,297

1.6%

+28.8%

Others

2,660,017

12.1%

2,777,547

12.1%

-4.2%

Total

22,005,127

100.0%

22,902,998

100.0%

-3.9%

Source: IDC Worldwide Quarterly Hardcopy Peripherals Tracker, August 11, 2022

Notes:

  • IDC tracks A2-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 Phuong Hang at phang@idc.com.

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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.



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Contact
For more information, contact:

Michael Shirer
press@idc.com
508-935-4200

Phuong Hang
phang@idc.com
508-935-4376