Printer and MFP Shipments Plummet in Western Europe

Shipments of hardcopy peripherals (HCP) in Western Europe (WE) declined 11.6 percent year-over-year to 3.4 million units in third-quarter 2023, according to recent research by International Data Corporation (IDC).

IDC sai that while the situation tends to differ by country and brand, supply-chain issues have disappeared by the third quarter of 2023, and the general availability of HCP devices has returned to normal.

After continuous year-on-year growth in the previous quarters, laser-model shipments declined by 14.3 percent year-over-year in third-quarter 2023, owing to the weak market results of monochrome laser devices. Inkjet shipments also decreased, by 10.4 percent year-over-year in the third quarter.

In contrast, shipments of color laser HCP devices increased year-over-year in most Western European countries during the third quarter. With the cost-per-page gap narrowing, IDC says there’s increasingly less reason to purchase monochrome devices, therefore they will continue to gradually lose market share to color devices.

“A double-digit decline in HCP shipments, in both the inkjet and laser segments, is a result of the softening demand from customers amid the weakening economic environment across Western Europe in third-quarter 2023,” explained Zivile Denizseven, research manager at IDC.

HP Inc. maintained its overall market leadership with 36.2 percent share. Canon Inc., Epson, and Brother increased their market shares in third-quarter despite declining shipments. All these vendors participate in the high-volume markets.

More Resources

• November 2023: China’s Printer and Copier/MFP Market Continues to Decline
• August 2023: Worldwide Printer and MFP Shipments Down in Second Quarter
• July 2023: IDC Report Says Printer Shipments Down 37.6 Percent in China
• May 2023: Worldwide Printer, MFP Shipments Flat, But Strong Shipment Value Growth
• February 2023: Printer Shipments Up Sharply for China’s Fourth Quarter