NEEDHAM, Mass.–(BUSINESS WIRE)–#Brother–Worldwide shipments of hardcopy peripherals grew 1.2% year over year to 21.2 million units in the third quarter of 2022 (3Q22). Shipment value increased 7.5% year over year during the quarter to $9.8 billion, according to the latest results from the International Data Corporation (IDC) Worldwide Quarterly Hardcopy Peripherals Tracker. Although container shipping space remained somewhat unpredictable in the quarter, some improvement helped produce year-over-year growth in the hardcopy peripherals market.
Notable highlights from the quarter include:
China (PRC) and Asia/Pacific (excluding Japan and China) outperformed all other regional markets, posting year-over-year shipment growth of 12.7% and 6.4% respectively. Year-over-year growth in China was mainly driven by inkjet devices (up 58.2% year over year). One particular highlight was Huawei launching its ink tank series printers in 3Q22 as a new player in the market. Steady recovery in printing activity in commercial segments, including logistics, manufacturing, government, and financial institutions, also contributed to the year-over-year increase in these two regional markets.
Canon and Brother each delivered strong results in 3Q22 with year-over-year growth of 26.1% and 9.4% respectively. Canon’s ink cartridge segment had a huge rebound compared to the same period last year. Furthermore, Canon’s ink tank growth was supported by good allocations and strong demand in most countries. Like Canon, Brother’s gains were helped by a healthy recovery in supply in many countries.
Worldwide Hardcopy Peripherals Market, Unit Shipments, Company Share, and Year-Over-Year Growth, Q3 2022 (based on unit shipments)
3Q22 Unit Shipments
3Q22 Market Share
3Q21 Unit Shipments
3Q21 Market Share
1. HP Inc.
2. Canon Group
Source: IDC Worldwide Quarterly Hardcopy Peripherals Tracker, November 10, 2022
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 market share of the top 5 hardcopy peripheral companies over the previous five quarters 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 email@example.com.
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