Hardcopy Peripherals Market Share

Updated: 21 Mar 2022

Worldwide Hardcopy Peripherals Shipments Were Down 17.6% Year Over Year in the Fourth Quarter of 2021, According to IDC

NEEDHAM, Mass., March 14, 2022 – The worldwide hardcopy peripherals (HCP) market saw unit shipments decline 17.6% year over year to 22.3 million units in the fourth quarter of 2021 (4Q21). Shipment value was also down 12.3% year over year during the quarter to $9.7 billion, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Hardcopy Peripherals Tracker. Manufacturing constraints and logistical issues continued to dampen growth opportunities for most brands through the end of the year.

Notable highlights from the quarter include the following:

  • Most vendors experienced inventory shortfalls in the quarter due to logistical and operational issues, such as production capacity. As a result, nearly all the regional markets saw year-over-year contractions in 4Q21. Asia/Pacific (excluding Japan and China) (APeJC) recorded the smallest year-over-year decline (-0.9%) due to a strong performance in the laser segment, specifically the A4 Mono segment. Since pandemic lockdown restrictions have been lifted, overall commercial spending has increased, which strengthened demand in the APeJC region.
  • Pantum recorded the best year-over-year growth among the top 5 HCP companies, increasing unit shipments 81.3% year over year to nearly 446 thousand. The company's shipments for both online and offline sales increased significantly during the quarter as it managed to get sufficient supply. This was due to an increased supply of chips from Apexmic, a chipset manufacturer owned by Ninestar.

Worldwide Hardcopy Peripherals Market, Unit Shipments, Company Share, and Year-Over-Year Growth, Q4 2021 (based on unit shipments)


Companies 4Q21
Unit Shipments
4Q21
Market Share
4Q20
Unit Shipments
4Q20
Market Share
4Q21/4Q20
Growth
1. HP Inc. 8,456,697 37.9% 11,165,715 41.2% -24.3%
2. Canon Group 4,524,095 20.3% 5,553,398 20.5% -18.5%
3. Epson 4,389,019 19.7% 4,794,518 17.7% -8.5%
4. Brother 1,810,098 8.1% 2,244,173 8.3% -19.3%
5. Pantum 445,744 2.0% 243,482 0.9% +83.1%
Others 2,699,587 12.1% 3,088,669 11.4% -12.6%
Total 22,325,240 100.0% 27,089,955 100.0% -17.6%

Source: IDC Worldwide Quarterly Hardcopy Peripherals Tracker, August 5, 2021

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.

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