FORECAST/RESEARCH/STUDY

Worldwide Hardcopy Peripherals Market Expanded 8.6% Year Over Year In The Third Quarter of 2020:IDC

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By Godson Umejiego, Correspondent USA

Worldwide shipments of hardcopy peripherals (HCP) increased for the first time since the second quarter of 2018, growing 8.6 per cent 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 were observed in the three largest regional markets – the United States, Western Europe, and China. The growth was stimulated by increased working and learning from home, which require affordable printers for home-based printing.
  • HP Inc. and Canon posted significant year-over-year growth in global shipments at 22.7 per cent and 12.1 per cent respectively.
  • Both the inkjet and laser markets posted year-over-year growth in 3Q20, registering gains of 13.8 per cent and 2.0 per cent respectively.

IDC tracks A2-A4 devices whose primary application is document printing in the Quarterly Hardcopy Peripherals Tracker.

Hardcopy Peripherals include single-function printers, multifunction printers (MFPs), and single-function digital copiers (SF DC).

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