Global HCP Market Continues to Growth in Q2

Global HCP Market Continues to Grow in Q2

Global HCP Market Continues to Grow in Q2

Global HCP Market Continues to Growth in Q2The worldwide hardcopy peripherals (HCP) market shipments growing 13.4% year over year to nearly 22.9 million units in the second quarter (Q2). According to IDC, it is the fourth quarter in a row that the global HCP market reported growth.

Shipment value also increased during the quarter with year-over-year growth of 31.2% to $10.2 billion signaling the return to the office.

Notable highlights from the quarter include:

  • Inkjet vendors continued to record high shipments to cater to ongoing demand and to fill order backlogs. The Laser market also saw year-over-year growth, another sign that the return to office is underway.
  • Seven out of nine regional markets witnessed year-over-year expansion in unit shipments. Similar to last quarter, the common theme for this quarter is that growth was driven by increased demand for low-end devices.
  • HP Inc. and Epson grew 11.7% and 57.1% year over year, respectively while Canon declined 5.9% due to semiconductor shortages and stock issues. As with Canon, Brother also experienced significant challenges regarding production and stock availability causing it to contract 4.9% year over year.

Global HCP Market Continues to Growth in Q2

Global HCP Market Continues to Growth in Q2

In the first quarter, the global HCP market shipments growing 19.3% year over year to approximately 25.5 million units, according to IDC.

Shipment value also increased during the quarter with year-over-year growth of 10.8% to $10.9 billion as more tenders and contract renewals took place in the office.


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