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
Market Share
Unit Shipments
Market Share
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

Worldwide Top 5 HCP Companies, 2023Q2 Unit Market Share chart


  • 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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