The worldwide hardcopy peripherals market expanded 8.6% year-over-year in the third quarter of 2020, according to IDC.
Worldwide shipments of hardcopy peripherals (HCP) increased for the first time since the second quarter of 2018, growing 8.6% year-over-year to nearly 26.2 million units in the third quarter of 2020 (3Q20). According to the International Data Corporation (IDC) Worldwide Quarterly Hardcopy Peripherals Tracker, the year-over-year expansion was driven by the demand for low-end, cost-effective inkjet devices for home working and home education.
Notable highlights from the third quarter include year-over-year increases in unit shipments, which were observed in the three largest regional markets – the United States, Western Europe, and China. According to ID, the growth was stimulated by increased working and learning from home, which required affordable printers for home-based printing.
HP Inc. and Canon posted significant year-over-year growth in global shipments at 22.7% and 12.1% respectively.
Both the inkjet and laser markets posted year-over-year growth in 3Q20, registering gains of 13.8% and 2.0% respectively.
