WW HCP market declined 7.5% in Q1
May 21, 2020
The worldwide hardcopy peripherals (HCP) market declined 7.5% year-over-year in the first quarter of 2020, according to IDC.
Worldwide shipments of hardcopy peripherals contracted 7.5% year-over-year to 21.1 million units in the first quarter of 2020 (1Q20), according to the International Data Corporation (IDC) Worldwide Quarterly Hardcopy Peripherals Tracker.
The severe year-over-year drop was due to COVID-19 supply chain disruption as most vendors have their manufacturing plants in China. The brightest spot for the quarter was the year-over-year expansion of colour laser multifunction printers (MFPs) in the 21-30 ppm range, which grew 3.0% to approximately 793,000 units shipped.
Notable highlights from the first quarter include that Central & Eastern Europe (CEE) and Japan are the two regions with positive year-over-year growth in unit shipments during 1Q20, with CEE growing 1.8% to approximately 1.3 million units and Japan increasing 5.2% to more than 1.1 million units.
According to IDC, ink tank devices continue to expand year over year, growing 5.5% to approximately 3.7 million units shipped.
Brother and Epson outperformed all other companies in the top 5. Brother grew 9.6% year over year to more than 1.8 million units shipped while Epson increased 0.2% to more than 4.3 million units. Both vendors showed year-over-year expansion the US and Latin America as well as Central & Eastern Europe.
Categories : World Focus
Tags : COVID-19 HCP Market IDC Market Research Shipments Decline
