IDC: Global HCP market shipment Grows but Value Declined in Q4
The worldwide hardcopy peripherals (HCP) market saw overall shipments grow 5.6% year over year to approximately 27.0 million units in the fourth quarter of 2020 (4Q20). Shipment value during the quarter declined 5.1% to $11.1 billion, according to the International Data Corporation (IDC) Worldwide Quarterly Hardcopy Peripherals Tracker.
Strong shipment growth in the second half of the year was responsible for the 0.4% overall unit growth for the full year 2020. Market value declined 12.3% for the whole year, however, due to low shipments of high-end office devices.
Notable highlights from the quarter include:
- Year-over-year shipment growth was observed in six of the IDC’s nine regional markets, with China leading the way at 18.4%. Similar to last quarter, the common theme in 4Q20 was the increased demand for low-end consumer inkjets and monochrome laser devices, which were readily available toward the end of the year at competitive prices.
- Both inkjet and laser markets posted year-over-year gains with shipments increasing 7.9% and 3.7%, respectively. In the laser market, low-end A4 monochrome laser shipments grew year over year due to working from home and home education needs.
- HP Inc. outperformed all other companies in the top 5 in terms of shipment growth. The vendor delivered a year-over-year increase of 13.7% with worldwide shipments of nearly 11.2 million units in the quarter.
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