HP lost significant share in hardcopy peripherals (HCP) market: IDC

IDC report said the worldwide hardcopy peripherals (HCP) unit shipments declined 17.6 percent to 22.3 million units in the fourth quarter of 2021 (4Q21).
Top HCP vendors and their share in 2021Hardcopy peripherals shipment value fell 12.3 percent to $9.7 billion during the quarter, IDC report said today. Manufacturing constraints and logistical issues continued to dampen growth opportunities for most brands through the end of the year.

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

HP, Canon, Epson, Brother and Pantum are the leading brands in the worldwide Hardcopy Peripherals market in 2021.

HP is leading the Hardcopy Peripherals market in 2021. HP’s share in Hardcopy Peripherals market in Q4 2021 fell to 37.9 percent from 41.2 percent in Q4 2020.

Canon is the second largest supplier of Hardcopy Peripherals. Canon has 20.3 percent share in Hardcopy Peripherals in Q4 vs 20.5 percent in the same quarter last year.

Epson has increased market share in Hardcopy Peripherals business. Epson’s share reached 19.7 percent from 17.7 percent in the Hardcopy Peripherals market.

Brother’s share in the Hardcopy Peripherals market decreased to 8.1 percent from 8.3 percent.

Pantum has 2 percent share in the Hardcopy Peripherals market in the fourth quarter of 2021 against 0.9 percent in Q4 2020.

Pantum recorded the best growth among the top 5 HCP companies, increasing unit shipments 81.3 percent to nearly 446 thousand. Pantum’s shipments for both online and offline sales increased during the quarter as it managed to get sufficient supply. This was due to an increased supply of chips from Apexmic, a chipset manufacturer owned by Ninestar.

Most HCP vendors faced inventory shortfalls in the quarter due to logistical and operational issues, such as production capacity. Nearly all the regional markets saw contractions in 4Q21. Asia/Pacific (excluding Japan and China) recorded 0.9 percent drop due to a strong performance in the laser segment, specifically the A4 Mono segment.