Worldwide Hardcopy Peripherals Shipments Increased 2.2% Year Over Year in the First Quarter of 2023, According to IDC

NEEDHAM, Mass.–(BUSINESS WIRE)–#HardcopyPeripherals–Worldwide shipments of hardcopy peripherals grew 2.2% year over year to 22.8 million units in the first quarter of 2023 (1Q23). Shipment value also expanded 14.0% year over year during the quarter to $11.0 billion, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Hardcopy Peripherals Tracker.

Notable highlights from the quarter include:

Improved product availability, back-order fulfillment, and fewer restrictions on factory capabilities contributed to the year-over-year gains in both units and shipment value on the global level.

All regional markets, except Japan, recorded year-over-year gains in shipment value in 1Q23, with the United States leading the chart at 27.7% growth, followed by China (PRC) at 19.1% and Western Europe at 11.7%. Improved inventory for some of the leading brands combined with the return to normal operations and pent-up demand to drive shipment value growth in the corporate sector and the A3 segment.

Three out of the top 5 vendors posted positive year-over-year unit growth in 1Q23 with Epson at 11.2%, Brother 16.0%, and Pantum 33.9%.

Worldwide Hardcopy Peripherals Market, Unit Shipments, Company Share, and Year-Over-Year Growth, Q1 2023 (based on unit shipments)

Companies

1Q23 Unit

Shipments

1Q23 Market

Share

1Q22 Unit

Shipments

1Q22 Market

Share

1Q23/1Q22

Growth

1. HP Inc.

8,232,642

36.1%

8,386,439

37.6%

-1.8%

2. Canon Group

5,086,579

22.3%

4,574,914

20.5%

+11.2%

3. Epson

4,156,846

18.2%

4,705,383

21.1%

-11.7%

4. Brother

1,924,460

8.4%

1,659,617

7.4%

+16.0%

5. Pantum

608,498

2.7%

454,529

2.0%

+33.9%

Others

2,799,634

12.3%

2,526,530

11.3%

+10.8%

Total

22,808,659

100.0%

22,307,412

100.0%

+2.2%

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 market share for 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 phang@idc.com.

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