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.
