Four Out of Five Top Hardcopy Businesses Achieved Growth

Four Out of Five Top Hardcopy Businesses Achieved Growth

HP Reports Q1 Results for Fiscal 2024The worldwide hardcopy peripherals (HCP) industry has risen 1.2% in comparison to last year. Both inkjet and laser unit shipments were pivotal factors triggering the year-over-year growth, increasing 2.2% and 2.1%, respectively.

According to Business Wire, over 23.4 million units were shipped in the HCP market in the first quarter of 2017 which is almost 300,000 units more than in the same period of 2016. Hardcopy peripherals include single-function printers, multifunctional systems (MFPs), and single-function digital copiers (SF DC).

Four out of the five top HCP businesses had year-over-year positive shipment growth. Epson had the greatest improvement at 5.6%, in second was HP Inc. at 3.0%. This was followed by Canon Group and Brother who both had a 0.6% growth.

In addition to this, color inkjet 1-10ppm devices rose 89.2% in total unit shipments. The driving factor for this exponential growth was the improvement across all eight of IDC’s regional markets, ranging from 50.5% to 248.6%.

Moreover, Epson attained a 6.9% year-over-year progression in the inkjet sector. This was achieved primarily through the utilization of their five L series models that were introduced last year.

Furthermore, HP Inc. had great success in China. They accomplished this through the expansion of their tier-three channels which benefitted the developing new businesses in the SMB segment. In fact, HP Inc. managed to achieve a 3.0% year-over-year growth in global shipments.
IDC, the institution that acquired the statistics “is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications and consumer technology markets.”


Worldwide Hardcopy Peripherals Market, Unit Shipments, Company Share, and Year-Over-Year Growth, Q1 2017 (based on unit shipments)
Companies 1Q17 Unit Shipments 1Q17 Market Share 1Q16 Unit Shipments 1Q16 Market Share 1Q17/1Q16 Growth
1. HP Inc 8,633,209 36.9% 8,385,014 36.9% +3.0%
2. Canon Group 4,545,181 19.4% 4,519,431 19.4% +0.6%
3. Epson 4,223,698 18.0% 4,000,008 18.0% +5.6%
4. Brother 1,787,254 7.6% 1,777,332 7.6% +0.6%
5. Samsung 973,048 4.2% 1,015,240 4.2% -4.2%
Others 3,243,994 13.9% 3,422,673 13.9% -5.2%
Total 23,406,384 100.0% 23,119,698 100.0% +1.2%
Source: IDC Worldwide Quarterly Hardcopy Peripherals Tracker, June 2017


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