New Delhi, Nov 18 (SocialNews.XYZ) India's hardcopy peripherals (HCP) market witnessed a growth of 164.8 per cent in the July-September quarter, compared to the previous quarter, industry tracker International Data Corporation (IDC) said on Wednesday.
The market registered shipments of 0.91 million units during the quarter posting a decline of 12.7 per cent year-over-year (YoY), according to the latest IDC Worldwide Quarterly Hardcopy Peripherals Tracker.
In the inkjet segment, vendors continued to face supply issues throughout the quarter as their manufacturing hubs in China and Southeast Asian countries grappled with the unprecedented global surge in demand for inkjet printers from the home segment.
Due to the supply issues, the ink tank segment noted a YoY decline of 6.9 per cent, yet it continued to increase its share over the ink cartridge segment from the same time a year ago.
The laser segment (including the copier segment) suffered an even sharper YoY decline of 17.3 per cent following the drop in demand from the commercial segment.
The situation improved significantly as the lockdown eased with some corporates and SMBs resuming office operations with a limited workforce while a majority continued operating on work-from-home mode.
For similar reasons, the laser copier segment too witnessed a YoY decline of 36.8 per cent to date.
"As lockdown restrictions gradually eased, consumer demand saw significant growth within the HCP market. Demand for Wi-Fi and multi-function ink tank categories rebounded significantly," Bani Johri, Market Analyst, IPDS, IDC India, said in a statement.
"Within the overall inkjet segment, ink cartridge-based printers also saw healthy demand from smaller cities as a section of consumers did not want to pay the premium for ink tank printers.
"In laser printer segment, government procurement resumed to some extent, whereas, enterprise and jobber demand continued to remain muted owing to the closure of schools and offices," Johri said.
HP Inc (excluding Samsung) maintained its leadership in the overall HCP market with a share of 42.4 per cent despite a marginal decline in shipment by 0.3 per cent YoY.
HP completed the acquisition of Samsung's printer business for $1.05 billion in 2017.
Canon recorded a YoY decline of 6.3 per cent while replacing Epson for the second position in the India HCP market, capturing a 24.9 per cent unit market share.
Epson was ranked third during Q3 2020 with a market share of 21.1 per cent registering a decline in shipment by 28.5 per cent YoY.
Epson faced more severe supply issues compared to HP and Canon, which contributed significantly to the company's decline in market share, IDC said.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
