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WW HCP shipments contracted 3.9% YOY

August 26, 2022

Worldwide shipments of hardcopy peripherals (HCP) declined 3.9% year-over-year (YOY) to 22.0 million units in the second quarter of 2022 (2Q22), according to IDC.

Shipment value decreased 5.3% year-over-year during the quarter to $9.6 billion (€9.62 billion), according to new data from the International Data Corporation (IDC) Worldwide Quarterly Hardcopy Peripherals Tracker. IDC said that persistent supply shortages continued to affect the HCP market and full inventories are not expected until 2023.

Notable highlights from the quarter include:

IDC expects shipments for the remainder of 2022 to be inconsistent across most segments, with significant amounts of new products being diverted to fulfil back orders and tenders rather than for new business.

In terms of regional markets, Asia/Pacific (excluding Japan and China) (APeJC) and the People’s Republic of China (PRC) outperformed all other global regional markets, posting year-over-year unit gains of 7.4% and 1.0% respectively. The growth was mainly driven by economic recovery across all countries in APeJC compared to the same period last year. On top of that, supply and logistics issues also saw improvements over the past few quarters. Large-scale promotional activities on 18 June in PRC also played a role in boosting the sales of ink cartridge printers.

Canon, the second ranked company, recorded 10.0% year-over-year growth worldwide with more than 4.4 million units shipped. Canon’s overall supply was better in 2Q22 for 4-in-1 ink cartridge printers than for 3-in-1 ink tank printers. There were new commercial models introduced and Canon was hoping for inkjet to make up for the gap left behind by the discontinuation of previous models.

Categories : World Focus

Tags : Business HCP Shipments IDC Inkjet Insight Market Research Printers

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