IDC: Global HCP Market Shipments Drops in Q2
Worldwide shipments of hardcopy peripherals (HCP) declined 11.7% year over year to 19.5 million units in the second quarter of 2023 (Q2, 2023). Shipment value also contracted 0.9% year over year during the quarter to $9.5 billion, according to IDC.
Notable highlights from the quarter include:
- The decline in both units and value was caused by the fulfillment of pent-up demand and overstocking from prior quarters. Sluggish consumer demand continues to plague the global market with reduced sell-through and a pessimistic economic outlook.
- The three largest regional markets – China, the United States, and Western Europe – all experienced year-over-year declines in 2Q23, driven by decreased demand for A4 printers from both commercial and consumer segments. In the short term, demand from the non-commercial segment is projected to remain low while commercial demand is likely to remain strong, particularly for A3 printers.
Brother and Pantum were the only two vendors in the top 5 to post positive results in 2Q23 with shipment growth of 9.6% and 14.6%, respectively. Contributing factors included their successful efforts in catering to the commercial sector where their lower price band models saw some traction among small and medium-sized businesses.
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- IDC: Western European HCP Shipment Declines in Q1
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- IDC: Indonesia HCP Market Reports YoY Growth in Q4
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