Shipments of hardcopy peripheral (HCP) products increased 8.6 percent to nearly 26.2 million units in the third quarter of 2020, IDC report indicated.
This was the first growth — driven by the demand for low-end, cost-effective inkjet devices for home working and home education — for the global HCP market since the second quarter of 2018.
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 and Canon posted significant year-over-year growth in global shipments at 22.7 percent and 12.1 percent respectively.
Both the inkjet and laser markets posted year-over-year growth in 3Q20, registering gains of 13.8 percent and 2.0 percent respectively.
|1. HP Inc.||11,599,535||44 percent||9,450,906||39 percent||+22.7 percent|
|2. Canon Group||5,584,533||21 percent||4,983,323||21 percent||+12.1 percent|
|3. Epson||4,148,285||16 percent||4,632,230||19 percent||-10.4 percent|
|4. Brother||1,781,660||7 percent||1,848,512||8 percent||-3.6 percent|
|5. Kyocera Group||407,136||2 percent||504,593||2 percent||-19.3 percent|
HP’s share increased to 44 percent from 39 percent.
Canon’s share was flat at 21 percent.
Epson’s share fell to 16 percent from 19 percent.
Brother’s share dropped to 7 percent from 8 percent.
Kyocera’s share was flat at 2 percent.