HP lost share to Canon in hardcopy peripherals market: IDC

Worldwide shipments of hardcopy peripherals decreased 12.3 percent to 22.4 million units in the first quarter of 2022, IDC report said.
Hardcore peripherals market Q1 2022
The market size of hardcopy peripherals business dropped 10.6 percent to $9.7 billion as manufacturing constraints and logistic issues impacted the market.

HP’s hardcopy peripherals business share dropped to 37 percent in Q1 2022 from 43.2 percent in Q1 2021, IDC said.

Canon has recorded the best growth among the top 4 HCP companies, increasing unit shipments 2.7 percent to nearly 4.9 million units. The report noted that Canon’s expansion was driven by double-digit gains in inkjet shipments, specifically in the under $100 price band.

Epson has increased its hardcopy peripherals business share to 20.4 percent from 19.4 percent.

Brother has also increased its hardcopy peripherals market share to 7.4 percent from 7.2 percent.

Pentum has increased its hardcopy peripherals market share to 1.9 percent from 1.3 percent.

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