IDC: Global HCP Market Suffers Decline in Q4

IDC: Global HCP Market Suffers Decline in Q4

The worldwide hardcopy peripherals (HCP) market saw unit shipments decline 17.6% year over year to 22.3 million units in the fourth quarter of 2021 (Q4, 2021). Shipment value was also down 12.3% year over year during the quarter to $9.7 billion, according to IDC.

IDC revealed that manufacturing constraints and logistical issues continued to dampen growth opportunities for most brands through the end of the year.

Notable highlights from the quarter include:

• Most vendors experienced inventory shortfalls in the quarter due to logistical and operational issues, such as production capacity. As a result, nearly all the regional markets saw year-over-year contractions inQ4. Asia/Pacific (excluding Japan and China) (APeJC) recorded the smallest year-over-year decline (-0.9%) due to a strong performance in the laser segment, specifically the A4 Mono segment. Since pandemic lockdown restrictions have been lifted, overall commercial spending has increased, which strengthened demand in the APeJC region.
• Pantum recorded the best year-over-year growth among the top 5 HCP companies, increasing unit shipments 81.3% year over year to nearly 446 thousand. The company’s shipments for both online and offline sales increased significantly during the quarter as it managed to get sufficient supply. This was due to an increased supply of chips from Apexmic, a chipset manufacturer owned by Ninestar.

Related:

• IDC: Western European Printer Market Continuously Hit by Supply Chain Issues
• IDC: Western European Printer and MFP Market Decline in Q3
• IDC: Hybrid Work Continues to Evolve
• IDC: Printer Supply Shortage will Last the Whole Year
• IDC Expects Worldwide Page Volumes to Rebound

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