Hardcopy Peripherals Market Insights
Updated: 26 September 2024
Worldwide Hardcopy Peripherals Shipments Decreased 1.5% Year Over Year in the Second Quarter of 2024, According to IDC
NEEDHAM, Mass., September 26, 2024 – The global HCP market declined 1.5% year-over-year (YoY) to approximately 19.1 million units shipped in the second quarter of 2024. PRC, one of the top regions in terms of units shipped, showed the most decline (-3.3%) due to budget constraint in the commercial segment and/or delayed government purchases. The global shipment value for all devices also declined 6.6% YoY to $USD 8.9 billion. Worldwide Quarterly Hardcopy Peripherals Tracker.
Notable highlights from the quarter include:
- The US was one of the top three regions showing YoY growth of 0.6% in units shipped, driven by HP’s increases in inkjet devices, especially the ink tank sector. The company has been able to grow inkjet devices through eTailer channels and price reductions.
- HP, Epson, and Pantum are the three vendors in the top 5 category showing YoY increases, +0.1%, +4.3%, and +11.2%, respectively. HP recorded double-digit YoY gain (+28.4%) in PRC and Epson did well YoY (+5.6%) in APeJC (Asia/Pacific excluding Japan and PRC); Epson saw continued growth in the education segment, which possess higher print requirements for purposes such as worksheet and test paper printing. /Pacific region (excluding Japan and China) thanks to its ability to increase its shipments of Ink Tank models through recruitment of B2B-centered channels.
Worldwide Hardcopy Peripherals Market, Unit Shipments, Company Share, and Year-Over-Year Growth, Q2 2024 (based on unit shipments)
| Company | 2Q24 Unit Shipments |
2Q24 Market Share % |
2Q23 Unit Shipments |
2Q23 Market Share % |
2Q24/2Q23 Growth % |
|---|---|---|---|---|---|
| 1. HP Inc. | 6,769,710 | 35.3% | 6,765,252 | 34.7% | +0.1% |
| 2. Canon Group | 3,949,324 | 20.6% | 4,117,757 | 21.1% | -4.1% |
| 3. Epson | 3,848,389 | 20.1% | 3,690,509 | 18.9% | +4.3% |
| 4. Brother | 1,878,480 | 9.8% | 2,035,454 | 10.4% | -7.7% |
| 5. Pantum | 640,635 | 3.3% | 576,328 | 3.0% | +11.2% |
| Others | 2,105,939 | 11.0% | 2,302,615 | 11.8% | -8.5% |
| Total | 19,192,477 | 100.0% | 19,487,915 | 100.0% | -1.5% |
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Source: IDC Worldwide Quarterly Hardcopy Peripherals Tracker, August 8, 2024 Notes:
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Worldwide Hardcopy Peripherals Market, Unit Shipments, Company Share, and Year-Over-Year Growth, Q2 2023 (based on unit shipments)
