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First quarter sees big drops in HCP shipments

First quarter sees big drops in HCP shipments

June 2, 2022

Worldwide hardcopy peripherals shipments fell 12.3% year-over-year in the first quarter of 2022, according to IDC.

Worldwide shipments of hardcopy peripherals decreased 12.3% year-over-year to 22.4 million units in the first quarter of 2022 (1Q22). Shipment value was down 10.6% year-over-year during the quarter to $9.7 billion (€9.1 billion), according to new data from the International Data Corporation (IDC) Worldwide Quarterly Hardcopy Peripherals Tracker.

Manufacturing constraints and logistic issues continued to be the main causes of the declining market, IDC said. Supply chain issues, a shortage of semiconductors, and a surge in price all contributed to the overall decline of the HCP market in 1Q22.

The impact was broad with year-over-year contraction in all regional markets in 1Q22. The Asia/Pacific (except Japan and China) (APeJC) region recorded the smallest year-over-year decline (-0.4%) due to strong demand from both the consumer and commercial segments. Most countries were able to reopen all economic sectors and achieved slight recovery from the supply shortage.

Canon recorded the best year-over-year growth among the top four HCP companies, increasing unit shipments 2.7% year over year to nearly 4.9 million units. The company’s expansion was driven by double-digit gains in inkjet shipments, specifically in the under $100 (€94) price band.

Categories : World Focus

Tags : Global HCP Market IDC Market Insight Shipments

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