WW HCP market continues to decline
June 5, 2024
Worldwide hardcopy peripherals (HCP) shipments decreased 17.6% year-over-year in the first quarter of 2024, according to IDC.
Worldwide shipments of hardcopy peripherals declined 17.6% year-over-year to 18.8 million units in the first quarter of 2024 (1Q24).
Shipment value also contracted 15.6% year over year during the quarter to $9.3 billion, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Hardcopy Peripherals Tracker.
Notable highlights from the quarter include:
- The three largest regional markets saw annual declines in unit shipments, ranging from 19.9% to 18.2%. One of the reasons for the contractions was that the same period last year had a higher base leading to less favourable year-over-year comparisons. In addition, vendors have restricted shipments to address reduced profitability, following recent periods of price reductions and high channel inventory.
- While all of the top 5 vendors experienced year-over-year contractions, Brother saw the smallest decline at -8.0%. Brother recorded year-over-year growth in the Asia/Pacific region (excluding Japan and China) thanks to its ability to increase its shipments of Ink Tank models through recruitment of B2B-centered channels.
Categories : World Focus
Tags : HCP Shipments IDC Market Report Printers
