Global Printer and Copier/MFP Market Expands for Third Quarter in a Row
The worldwide hardcopy peripherals market expanded for the third quarter in a row in the first quarter of 2021 (1Q21), with shipments growing 19.3 percent year-over-year to approximately 25.5 million units.
(Note that in its research, IDC tracks A2-A4 devices. Hardcopy peripherals include single-function printers, MFPs, and single-function digital copiers.)
Shipment value also increased during the quarter with year-over-year growth of 10.8 percent to $10.9 billion as more tenders and contract renewals took place in the office, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Hardcopy Peripherals Tracker.
Notable highlights from the quarter include:
- Year-over-year increases in unit shipments were observed in all nine regional markets with Asia/Pacific (excluding Japan and China) leading the way with 31.0 percent growth, followed by China (PRC) at 25.4 percent, and Western Europe at 18.9 percent. Similar to the previous quarter, the common theme for 1Q21 was growth driven by increased demand for low-end devices.
- Both inkjet and laser markets posted year-over-year shipment growth at 37.0 percent and 3.6 percent, respectively. Inkjet vendors continued to record high shipments to meet ongoing demand and fill backlog orders as markets continue to adapt to the new normal.
- HP Inc. outperformed all other companies in the top-five in terms of year-over-year shipment growth for the third quarter in a row. The vendor posted a year-over-year increase of 36.4 percent, with worldwide shipments of approximately 10.8 million units. According to IDC, HP’s Instant Ink program is helping to drive sales as it grew its subscription base to over 9 million users. HP is seeing continued demand combined with favorable pricing and inventory replenishment within the consumer space.
| Worldwide Hardcopy Peripherals Market, Unit Shipments, Company Share, and Year-Over-Year Growth, Q1 2021 (based on unit shipments) | |||||
| Company | 1Q21 Unit Shipments | 1Q21 Market Share | 1Q20 Unit Shipments | 1Q20 Market Share | 1Q21/1Q20 Growth |
| 1. HP Inc. | 10,816,275 | 42.4% | 7,930,098 | 37.1% | +36.4% |
| 2. Epson | 4,954,048 | 19.4% | 4,321,458 | 20.2% | +14.6% |
| 3. Canon Group | 4,721,078 | 18.5% | 4,326,471 | 20.2% | +9.1% |
| 4. Brother | 1,828,838 | 7.2% | 2,084,691 | 9.7% | -12.3% |
| 5. Kyocera Group | 448,828 | 1.8% | 501,469 | 2.3% | -10.5% |
| Others | 2,748,454 | 10.8% | 2,222,155 | 10.4% | +23.7% |
| Total | 25,517,521 | 100.0% | 21,386,342 | 100.0% | +19.3% |
| Source: IDC Worldwide Quarterly Hardcopy Peripherals Tracker, May 6, 2021 | |||||
For more information about IDC’s Worldwide Quarterly Hardcopy Peripherals Tracker, contact Phuong Hang at phang@idc.com.
More Resources
- March 2021: Asia-Pacific Printer/MFP Market Rebounds in Fourth Quarter
- March 2021: IDC Forecasts Declining Office Occupancy
- February 2021: Shipments Up for Worldwide Printer/MFP Market
- February 2021: Strong Showing for China’s Printer Market, But Supply Shortages Emerging
- February 2021: Home-Printer Growth Continues to Drive Western Europe Printer/MFP Market
- August 2020: IDC Forecasts Sharply Declining Worldwide Office Print Volumes
You must be logged in to post a comment.