Hardcopy Peripherals Market Share

Worldwide Hardcopy Peripherals Shipments Decreased 11.7% Year Over Year in the Second Quarter of 2023, According to IDC

NEEDHAM, Mass., August 31, 2023 – Worldwide shipments of hardcopy peripherals declined 11.7% year over year to 19.5 million units in the second quarter of 2023 (2Q23). Shipment value also contracted 0.9% year over year during the quarter to $9.5 billion, according to new data from the International Data Corporation. Worldwide Quarterly Hardcopy Peripherals Tracker.

Notable highlights from the quarter include:

• The decline in both units and value was caused by the fulfillment of pent-up demand and over-stocking from prior quarters. Sluggish consumer demand continues to plague the global market with reduced sell-through and a pessimistic economic outlook.
• The three largest regional markets – China, the United States, and Western Europe – all experienced year-over-year declines in 2Q23, driven by decreased demand for A4 printers from both commercial and consumer segments. In the short term, demand from the non-commercial segment is projected to remain low while commercial demand is likely to remain strong, particularly for A3 printers.
• Brother and Pantum were the only two vendors in the top 5 to post positive results in 2Q23 with shipment growth of 9.6% and 14.6%, respectively. Contributing factors included their successful efforts in catering to the commercial sector where their lower price band models saw some traction among small and medium-sized businesses.

Worldwide Hardcopy Peripherals Market, Unit Shipments, Company Share, and Year-Over-Year Growth, Q2 2023 (based on unit shipments)

Data table for "Worldwide Top 5 HCP Companies, 2023Q2 Unit Market Share" chart

Company	2022Q1 Marker Share	2022Q2 Marker Share	2022Q3 Marker Share	2022Q4 Marker Share	2023Q1 Marker Share	2023Q2 Marker Share
HP Inc	37.6%	39.5%	36.4%	34.7%	36.1%	34.8%
Canon Group	21.1%	20.1%	20.2%	21.2%	18.2%	21.0%
Epson	20.5%	17.6%	19.2%	20.7%	22.3%	19.0%
Brother	7.4%	8.4%	9.6%	8.8%	8.4%	10.5%
Pantum	2.0%	2.2%	2.5%	3.0%	2.7%	2.9%
Others	11.3%	12.1%	12.1%	11.6%	12.3%	11.8%

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.