Worldwide Hardcopy Peripherals Shipments Decreased 17.6% Year Over Year in the First Quarter of 2024, According to IDC

NEEDHAM, Mass.–(BUSINESS WIRE)–#Brother–Worldwide shipments of hardcopy peripherals declined 17.6% year over year to 18.8 million units in the first quarter of 2024 (1Q24). Shipment value also contracted 15.6% year over year during the quarter to $9.3 billion, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Hardcopy Peripherals Tracker.

Notable highlights from the quarter include:

The three largest regional markets saw annual declines in unit shipments, ranging from 19.9% to 18.2%. One of the reasons for the contractions was that the same period last year had a higher base leading to less favorable year-over-year comparisons. In addition, vendors have restricted shipments to address reduced profitability, following recent periods of price reductions and high channel inventory.

While all of the top 5 vendors experienced year-over-year contractions, Brother saw the smalled decline at -8.0%. Brother recorded year-over-year growth in the Asia/Pacific region (excluding Japan and China) thanks to its ability to increase its shipments of Ink Tank models through recruitment of B2B-centered channels.

Worldwide Hardcopy Peripherals Market, Unit Shipments, Company Share, and Year-Over-Year Growth, Q1 2024 (based on unit shipments)

Companies

1Q24 Unit

Shipments

1Q24 Market

Share

1Q23 Unit

Shipments

1Q23 Market

Share

1Q23/1Q22

Growth

1. HP Inc.

6,570,320

34.9%

8,226,438

36.0%

-20.1%

2. Epson

4,097,199

21.8%

5.093,033

22.3%

-19.6%

3. Canon Group

3,591,857

19.1%

4,175,621

18.3%

-14.0%

4. Brother

1,759,218

9.4%

1,912,896

8.4%

-8.0%

5. Pantum

530,127

2.8%

615,714

2.7%

-13.9%

Others

2,259,778

12.0%

2,798,004

12.3%

-19.2%

Total

18,808,499

100.0%

22,821,706

100.0%

-17.6%

Source: IDC Worldwide Quarterly Hardcopy Peripherals Tracker, May 31, 2023

Notes:

IDC tracks A2-A4 devices in the Quarterly Hardcopy Peripherals.

Hardcopy Peripherals include single-function printers, multifunctional systems (MFPs), and single-function digital copiers (SF DC). Data for all vendors are reported for calendar periods.

In addition to the table above, a graphic illustrating the worldwide shipments of the top 5 hardcopy peripherals companies in 1Q24 and 1Q23 is available by viewing this press release on IDC.com.

For more information about IDC’s Worldwide Quarterly Hardcopy Peripherals Tracker, please contact Phuong Hang at phang@idc.com.

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