Western Europe HCP market continues to contract
May 13, 2019
The Western European HCP market, 1Q19: Hardcopy shipments continue to contract in line with forecasts, says IDC.
According to research by International Data Corporation (IDC), the Western European printer and multifunction (MFP) market (HCP market) decreased by 5.8 percent recording a shipment figure of 4.6 million units in unit terms in the first quarter of 2019 compared with the same period a year ago. This meant the overall market declined by 286 thousand units and price pressures led value to also decline by 4.1 percent to just over $2.5 billion (€2.2 billion). There were few areas of growth and the negative start to the year will continue throughout 2019, says IDC.
Inkjet shipments declined 5.4 percent to just over 3 million units and both A4 and A3 shipments recorded negative growth figures. Most declines were from printer devices, but MFP shipments also decreased more than 4 percent, but not all OEMs saw declines.
Laser shipments declined by 6.1 percent and as with inkjets there were few areas of growth. Some markets, such as A4 single-function printers, declined quite heavily, but there was small growth from A3 single function printers and A4 monochrome MFP devices. As fewer overall laser units shipped the value also declined, this time by 2.5 percent, even though some of the higher speed segments increased.
High speed inkjet devices also contracted in terms of units, but the value was up, and the serial impact dot matrix market continued its decline.
“The decline shown in 1Q19 was in line with expectations and the markets and this negativity is likely to be reflected throughout 2019, but there will be some growth from some segments,” said Phil Sargeant, program director in IDC’s Western European Imaging, Hardware Devices, and Document Solutions group. “The hardcopy markets are still very valuable to many OEMs and some traditional markets such as monochrome and inkjet are still very sizeable even if they are declining.”
As always, country growth showed some increases and some declines, and although the Western European overall figures were negative, there were some positives in some countries.
Germany, the traditional largest market in Western Europe declined by 10.3 percent in the first quarter of 2019, which was a much poorer result than the European average. This represented a shipment figure of 1.1 million units. Inkjet, colour laser, and monochrome laser shipments all declined, and the only areas of growth were in A3 inkjets, A3 colour laser MFPs and A4 monochrome MFPs.
France’s growth rates were worse than Germany’s according to IDC. There was an 11.8 percent decline to 81 thousand units and the only real area of growth was A4 monochrome MFP where growth was minimal. Business inkjets contracted quite heavily.
The UK market declined at a lesser rate than the market average at 4.1 percent to give a market size of 780 thousand units. A3 colour laser MFP and printer shipments did increase, as to did A4 colour laser MFPs, which performed better than most countries, but overall laser shipments did decline.
Shipments in Italy continued to show some positivity, although growth was a mere 0.3 percent for 625 thousand units. Inkjet shipments increased by 2.2 percent, which was better than most countries, and consumer inkjet shipments also showed quite strong growth. Monochrome laser shipments did decline, but again performed better than most countries.
IDC added, Spain was the best performing country in the first quarter of 2019. It increased by 9.7 percent, with inkjet shipments particularly strong for both consumer and business inkjets. Both colour laser and monochrome laser shipments did decline, however.
Categories : World Focus
Tags : HCP IDC Research Western Europe
