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WW HCP market declines further in Q2

August 28, 2020

The worldwide hardcopy peripherals (HCP) market declined 10.2% year-over-year in the second quarter of 2020, according to IDC.

Worldwide shipments of hardcopy peripherals declined 10.2% year-over-year to nearly 20 million units in the second quarter of 2020 (2Q20), according to the International Data Corporation (IDC) Worldwide Quarterly Hardcopy Peripherals Tracker.

The COVID-19 pandemic continues to bring a host of challenges to most vendors, especially those whose manufacturing sites are in China and neighbouring countries, including the Philippines and Indonesia.

Notable highlights from the second quarter include:

  • China delivered strong year-over-year growth of 19.1% driven by overall demand from the consumer segment. This segment is being fuelled by demand from home schooling and work from home needs.
  • Canon outperformed the others in the top three with 1.6% year-over-year growth to nearly 4.3 million units shipped for the quarter. The company‚Äôs growth was led by inkjet shipments as the demand for home printers grew. Canon also employed discounting and free shipping deals via the online retail channel to boost interest.
  • The monochrome laser market showed sequential growth of 1.6% to account for 5.9 million units shipped in 2Q20.

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