Hardcopy Peripherals Market Share
Updated: 16 October 2023
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)
Company | 2Q23 Unit Shipments |
2Q23 Market Share |
2Q22 Unit Shipments |
2Q22 Market Share |
2Q23/2Q22 Shipment Growth |
---|---|---|---|---|---|
1. HP Inc. | 6,776,445 | 34.8% | 8,713,285 | 39.5% | -22.2% |
2. Canon Group | 4,087,576 | 21.0% | 4,428,881 | 20.1% | -7.7% |
3. Epson | 3,686,775 | 19.0% | 3,974,543 | 17.6% | -4.8% |
4. Brother | 2,035,602 | 10.5% | 1,857,197 | 8.4% | +9.6% |
5. Pantum | 565,777 | 2.9% | 493,498 | 2.2% | +14.6% |
Others | 2,300,801 | 11.8% | 2,664,119 | 12.% | -13.6% |
Total | 19,452,976 | 100.0% | 22,031,523 | 100.0% | -11.7% |
Source: IDC Worldwide Quarterly Industrial Printer Tracker, May 31, 2023
Worldwide Top 5 HCP Companies, 2023Q2 Unit Market Share
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.