NEEDHAM, Mass.--(BUSINESS WIRE)--Worldwide shipments of hardcopy peripherals decreased 12.3% year over year to 22.4 million units in the first quarter of 2022 (1Q22). Shipment value was down 10.6% year over year during the quarter to $9.7 billion, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Hardcopy Peripherals Tracker. Manufacturing constraints and logistics 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 1Q22. The impact was broad with year-over-year contraction in all regional markets in 1Q22. 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.
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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.
Worldwide Hardcopy Peripherals Market, Unit Shipments, Company Share, and Year-Over-Year Growth, Q1 2022 (based on unit shipments) |
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Companies |
1Q22 Unit Shipments |
1Q22 Market Share |
1Q21 Unit Shipments |
1Q21 Market Share |
1Q22/1Q21 Growth |
1. HP Inc. |
8,386,439 |
37.4% |
10,816,275 |
43.2% |
-22.5% |
2. Canon Group |
4,846,206 |
21.6% |
4,720748 |
18.5% |
+2.7% |
3. Epson |
4,574,914 |
20.4% |
4,955,737 |
19.4% |
-7.7% |
4. Brother |
1,659,617 |
7.4% |
1,834,434 |
7.2% |
-9.5% |
5. Pantum |
416,657 |
1.9% |
319,828 |
1.3% |
+30.3% |
Others |
2,524,219 |
11.3% |
2,897,489 |
11.3% |
-12.9% |
Total |
22,408,052 |
100.0% |
25,544,511 |
100.0% |
-12.3% |
Source: IDC Worldwide Quarterly Hardcopy Peripherals Tracker, May 12, 2022 |
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Notes:
- IDC tracks A2-A4 devices in the Quarterly Hardcopy Peripherals.
- Hardcopy Peripherals include single-function printers, multifunctional systems (MFPs), and single-function digital copiers (SF DC). Data for all vendors are reported for calendar periods.
In addition to the table above, a graphic illustrating the worldwide market share of the top 5 HCP companies over the previous five quarters is available by viewing this press release on IDC.com.
For more information about IDC's Worldwide Quarterly Hardcopy Peripherals Tracker, please contact Phuong Hang at phang@idc.com.
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