NEEDHAM, Mass.--(BUSINESS WIRE)--Worldwide shipments of hardcopy peripherals declined 1.5% year over year to nearly 19.2 million units in the second quarter of 2024 (2Q24). The global shipment value for all devices also declined 6.6% year over year to $8.9 billion, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Hardcopy Peripherals Tracker.
Notable highlights from the quarter include:
- The United States was one of the top regions with year-over-year growth of 0.6% in units shipped, driven by demand for HP Inc. inkjet devices, especially the ink tank sector. The company has been able to grow inkjet devices through eTailer channels and price reductions.
- The People's Republic of China, one of the top regions in terms of units shipped, showed the largest decline (down 3.3% year over year) due to budget constraints in the commercial sector and delayed government purchases.
- Among the top 5 companies, HP Inc., Epson, and Pantum each saw shipment growth in 2Q24 with gains of 0.1%, 4.3%, and 11.2% respectively. HP Inc. saw strong growth in China where shipments were up 28.4% year over year while Epson had a 5.6% gain in the Asia/Pacific (excluding Japan and China) region. Epson also saw continued growth in the education sector, which has higher print requirements for purposes such as worksheet and test paper printing.
Worldwide Hardcopy Peripherals Market, Unit Shipments, Company Share, and Year-Over-Year Growth, Q2 2024 (unit shipments in millions) |
|||||
Companies |
2Q24 Unit
|
2Q24 Market
|
2Q23 Unit
|
2Q23 Market
|
2Q24/2Q23
|
1. HP Inc. |
6.8 |
35.3% |
6.8 |
34.7% |
+0.1% |
2. Canon Group |
3.9 |
20.6% |
4.1 |
21.1% |
-4.1% |
3. Epson |
3.8 |
20.1% |
3.7 |
18.9% |
+4.3% |
4. Brother |
1.9 |
9.8% |
2.0 |
10.4% |
-7.7% |
5. Pantum |
0.6 |
3.3% |
0.6 |
3.0% |
+11.2% |
Others |
2.1 |
11.0% |
2.3 |
11.8% |
-8.5% |
Total |
19.2 |
100.0% |
19.5 |
100.0% |
-1.5% |
Source: IDC Worldwide Quarterly Hardcopy Peripherals Tracker, August 8, 2024 |
|||||
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 and year-over-year shipment growth for the top 5 hardcopy peripherals companies in 2Q24 and 2Q23 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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