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Worldwide HCP market declined in Q1 2019

May 23, 2019

Worldwide shipments seem to be in line with the recently reported decline in the Western Europe hardcopy peripherals (HCP) market and shows a decline of 3.9 percent year-on-year according to IDC.

Worldwide shipments of hardcopy peripherals decreased 3.9 percent year-on-year to 22.8 million units in the first quarter of 2019, according to the International Data Corporation (IDC) Worldwide Quarterly Hardcopy Peripherals Tracker.

The brightest spot for the quarter was the year-on-year expansion of colour inkjet multifunction printers in the 11-20 ppm range, which grew 4.7 percent to more than 6.2 million units shipped.

Notable highlights from the first quarter include that ink tank devices continued their positive momentum recording a 23.4 percent year-on-year gain in unit shipments in the first quarter of 2019. Asia/Pacific (excluding Japan) and Latin America were the top two regions for ink tank shipments with 1.7 and 1.0 million units shipped in the quarter, respectively.

IDC reports that inkjet shipments decreased 2.1 percent year-on- year to nearly 13.7 million units shipped. Asia/Pacific (excluding Japan) was the top region for inkjet shipments, growing 8.8 percent year-on-year to more than 3.5 million units in Q1 2019. Western Europe, the second largest market, contracted 5.4 percent while the United States, the third largest market, declined 4.8 percent year-on-year.

A3 colour laser MFPs continued on a positive trajectory with a year-on-year gain of 1.0 percent to nearly 600,000 units shipped.

IDC’s Worldwide Quarterly Hardcopy Peripherals Tracker shows that HP Inc. declined 3.5 percent year-on-year with global shipments dropping to less than 9.4 million units. However, two of HP’s top 3 regions, Western Europe and the U.S., exhibited year-on-year gains of 2.8 percent and 2.6 percent, respectively.

Epson regained the top inkjet position from Canon in Asia/Pacific (excluding Japan) albeit at a marginal share advantage of 0.7 percent, according to IDC. Epson grew by about 210,000 units year over year due to the improved sales of its new generation of more compact ink tank printers, which were largely responsible for the growth of the ASEAN market and the biggest winner in China as the only one with a market share gain this quarter.

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