HP retains printer market share lead ahead of Epson and Canon in India

The HCP (Inkjet, laser, SDM and line printers) market in India posted 23.1 percent growth in the second quarter of 2018, said IDC.
Top HCP brands in India Q2 2018
HP (excluding Samsung Print) maintained its leadership position with 40.3 percent market share of the India HCP market.

Epson is the second largest HCP market leader with 25.8 percent share. Canon has 19.3 percent share of the printer market.

HCP Global market

The worldwide hardcopy peripherals (HCP) market rose 0.9 percent to more than 23.5 million units in Q2.
Hardcopy peripherals market Q2 2018Inkjet and laser unit shipments both expanded in the quarter, each growing 0.8 percent year over year.

HP remained the top HCP company with 3.5 percent shipment growth. Third-ranked Epson and fourth-ranked Brother also saw positive year-over-year growth, while second-ranked Canon declined 4.4 percent year over year.
Hardcopy peripherals market share Q2 2018
Color laser 21-30 ppm devices posted 41.1 percent growth in unit shipments. The double-digit expansion was helped by strong performances from the top companies, especially HP, Brother, Canon and Xerox.

Epson enjoyed the largest year-over-year shipment growth, increasing 5.1 percent to more than 4.1 million units shipped. This was largely due to its strong growth within the Asia Pacific and Japan regions where business inkjets and ink tank models continue to thrive.

HP enjoyed strong performance in Asia Pacific (excluding Japan) and the US. HP’s growth was driven by attractive inkjet pricing deals as well as strong demand from small business customers for the Color LaserJet Pro MFP M281, a color laser device.