target audience: TECH SUPPLIER Publication date: Aug 2023 - Document type: Market Perspective - Doc Document number: # US49325123
What We Saw: U.S. Consumer and Office Print Activity, 1Q23
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Abstract
This IDC Market Perspective provides an update on office and consumer printer shipment activity in the first quarter of 2023 for the United States.
"In the first quarter, printer and MFP demand continued to exceed supply. The microchip and component shortage caused by China's fourth-quarter COVID-19 outbreak rippled through the supply chain, slowing its recovery, but first-quarter shipments only declined modestly from the fourth quarter. As the supply chain recovers, market volatility is expected to continue at the model, segment, and vendor levels, but the hardcopy peripherals market is expected to be demand driven again by the end of 2023." — Geoffrey Wilbur, research manager, Imaging, Printing, and Document Solutions at IDC