Worldwide Hardcopy Peripherals Market Declined 7.5% Year Over Year in the First Quarter of 2020, According to IDC

FRAMINGHAM, Mass.–(BUSINESS WIRE)–Worldwide shipments of hardcopy peripherals (HCP) 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 color 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:

  • 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.
  • 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.

Worldwide Hardcopy Peripherals Market, Unit Shipments, Company Share, and Year-Over-Year Growth, Q1 2020 (based on unit shipments)

Companies

1Q20 Unit
Shipments

1Q20 Market
Share

1Q19 Unit
Shipments

1Q19 Market
Share

1Q20/1Q19
Growth

1. HP Inc.

7,953,805

42%

9,627,829

38%

-17.4%

2. Canon Group

4,322,142

19%

4,349,027

20%

-0.6%

3. Epson

4,321,448

19%

4,312,875

20%

+0.2%

4. Brother

1,831,609

7%

1,670,633

9%

+9.6%

5. Kyocera Group

501,469

2%

533,389

2%

-6.0%

Others

2,220,189

10%

2,361,994

10%

-6.0%

Total

21,150,662

100%

22,855,747

100%

-7.5%

Source: IDC Worldwide Quarterly Hardcopy Peripherals Tracker, May 2020

Notes:

  • IDC tracks A2-A4 devices whose primary application is document printer in the Quarterly Hardcopy Peripherals Tracker.
  • Hardcopy Peripherals include single-function printers, multifunction printers (MFPs), and single-function digital copiers (SF DC). Data for all vendors are reported for calendar periods.
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