Worldwide Hardcopy Peripherals Market, Unit Shipments, Company Share, and Year-Over-Year Growth, Q4 2024 (based on unit shipments)
NEEDHAM, Mass., March 16, 2025 – In the fourth quarter of 2024, the global Hardcopy Peripherals (HCP) market experienced a 3.1% year-over-year (YoY) growth, with nearly 22 million units shipped. This marks the second consecutive quarter of positive YoY growth, as reported by the IDC Worldwide Quarterly Hardcopy Peripherals Tracker.
The fourth quarter of 2024 showed varied regional outcomes. Five out of nine regional markets recorded positive YoY growth, including Western Europe (10.5%), Asia Pacific (excluding Japan and PRC) (5.4%), Latin America (29.5%), the Middle East & Africa (4.3%), and Canada (10.6%). These increases were attributed to improved economic conditions in certain regions and attractive promotions from key vendors.
| Company | 4Q24 Unit Shipments | 4Q24 Market Share % | 4Q23 Unit Shipments | 4Q23 Market Share % | 4Q24/4Q23 Growth % |
| 1. HP Inc. | 7,502,356 | 34.2% | 7,055,552 | 33.2% | +6.3% |
| 2. Epson | 4,944,913 | 22.5% | 4,693,384 | 22.1% | +5.4% |
| 3. Canon Group | 4,466,240 | 20.4% | 4,505,969 | 21.2% | -0.9% |
| 4. Brother | 2,146,550 | 9.8% | 2,011,944 | 9.5% | +6.7% |
| 5. Pantum | 639,777 | 2.9% | 557,970 | 2.6% | +14.7% |
| Others | 2,245,449 | 10.2% | 2,457,984 | 11.5% | -8.6% |
| Total | 21,945,285 | 100.0% | 21,282,803 | 100.0% | +3.1% |
<br>Source: IDC Worldwide Quarterly Hardcopy Peripherals Tracker, February 6, 2025
Notes:
- IDC tracks A3-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.
Worldwide Hardcopy Peripherals Market, Unit Shipments, Company Share, and Year-Over-Year Growth, Q4 2024 (based on unit shipments)
Data table for “Worldwide Hardcopy Peripherals Market, Unit Shipments, Company Share, and Year-Over-Year Growth, Q4 2024 (based on unit shipments) ” chart
| Company | 4Q23 Market Share % | 1Q24 Market Share % | 2Q24 Market Share % | 3Q24 Market Share % | 4Q24 Market Share % |
| HP Inc. | 33% | 35% | 35% | 35% | 34% |
| Epson | 22% | 22% | 20% | 22% | 23% |
| Canon Group | 21% | 19% | 21% | 21% | 20% |
| Others | 12% | 12% | 11% | 10% | 10% |
| Brother | 9% | 9% | 10% | 9% | 10% |
| Pantum | 3% | 3% | 3% | 2% | 3% |
| Total | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
