IDC: Global HCP Market Shipment Fell in Q1

IDC: Global HCP Market Shipment Fell in Q1

According to IDC, worldwide shipments of hardcopy peripherals decreased 12.3% year over year to 22.4 million units in the first quarter of 2022 (Q1, 2022).

Shipment value was down 10.6% year over year during the quarter to $9.7 billion, and manufacturing constraints and logistic issues continued to be the main causes of the declining market.

Notable highlights from the quarter include:

• Supply chain issues, a shortage of semiconductors, and a surge in price all contributed to the overall decline of the HCP market in Q1, 2022. The impact was broad with year-over-year contraction in all regional markets in Q1, 2022. The Asia/Pacific (except Japan and China) (APeJC) region recorded the smallest year-over-year decline (-0.4%) due to strong demand from both the consumer and commercial segments. Most countries were able to reopen all economic sectors and achieved slight recovery from the supply shortage.
• Canon recorded the best year-over-year growth among the top 4 HCP companies, increasing unit shipments 2.7% year over year to nearly 4.9 million units. The company’s expansion was driven by double-digit gains in inkjet shipments, specifically in the under $100 price band.

Related:

• IDC: Global HCP Market Suffers Decline in Q4
• IDC: Global HCP Market Grows in Q1
• IDC: China Printer Market Hit Hard in Q1 by Lockdown
• IDC: Review on 2021 China Print Consumables Market
• IDC: Global HCP Market Suffers Decline in Q4

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