IDC: Worldwide Printer and Copier/MFP Market Declined Again in Second Quarter
Worldwide shipments of hardcopy peripherals declined 3.9 percent year-over-year to 22.0 million units in the second quarter of 2022 (2Q22). Shipment value decreased 5.3 percent year-over-year during the quarter to $9.6 billion, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Hardcopy Peripherals Tracker. IDC stated that persistent supply shortages continued to affect the HCP market and full inventories are not expected until 2023.
(Note that IDC tracks A2-A4 devices for its Quarterly Hardcopy Peripherals. Hardcopy Peripherals include single-function printers, MFPs, and single-function digital copiers.)
The second-quarter year-over-year shipment decline follows a first quarter year-over-year shipment decline of 12.3 percent. The number of shipments was relatively flat, with 22.4 million units for the first quarter, and 22.0 million for the second quarter.
Notable highlights from the second 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 fulfill 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 percent and 1.0 percent 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 June 18the in Chin also played a role in boosting the sales of ink cartridge printers.
Canon, the second-ranked company, recorded 10.0 percent 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.
The top-five hardcopy vendors, in terms of shipments, are in order: HP Inc., Canon, Epson, Brother, and Pantum.
Worldwide Hardcopy Peripherals Market, Unit Shipments, Company Share, and Year-Over-Year Growth, Q2 2022 (based on unit shipments) |
More Resources
- June 2022: Worldwide Printer and MFP Shipments Slip Again in First Quarter
- June 2022: IDC Reports on Semiconductor Market, Shortages
- December 2021: IDC Reports Large Drop in Worldwide Third-Quarter Printer and Copier/MFP Shipments
- August 2021: IDC: Worldwide Hardcopy Peripheral Market Expands for Fourth Quarter in a Row
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