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Worldwide Hardcopy Peripherals Market Declined 7.5% Year Over Year in the First Quarter of 2020, According to IDC

Posted 21 May-2020 02:46 PM by Lisa | 2220

Worldwide shipments of hardcopy peripherals (HCP) contracted 7.5% year over year to 21.1 million units in the first quarter of 2020 (1Q20), according to the International Data Corporation ( IDC ) Worldwide Quarterly Hardcopy Peripherals Tracker. The severe year-over-year drop was due to COVID-19 supply chain disruption as most vendors have their manufacturing plants in China. The brightest spot for the quarter was the year-over-year expansion of color laser multifunction printers (MFPs) in the 21-30 ppm range, which grew 3.0% to approximately 793,000 units shipped.

Central & Eastern Europe (CEE) and Japan are the two regions with positive year-over-year growth in unit shipments during 1Q20, with CEE growing 1.8% to approximately 1.3 million units and Japan increasing 5.2% to more than 1.1 million units.

Ink tank devices continue to expand year over year, growing 5.5% to approximately 3.7 million units shipped.

Brother and Epson outperformed all other companies in the top 5. Brother grew 9.6% year over year to more than 1.8 million units shipped while Epson increased 0.2% to more than 4.3 million units. Both vendors showed year-over-year expansion in the US and Latin America as well as Central & Eastern Europe.

IDC Tracker products provide accurate and timely market size, vendor share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using PRESS RELEASE proprietary tools and research processes, IDC's Trackers are updated on a semiannual, quarterly, and monthly basis. Tracker results are delivered to clients in user-friendly excel deliverables and on-line query tools.

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight help IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group ( IDG ), the world's leading tech media, data and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter and LinkedIn. Subscribe to the IDC Blog for industry news and insights: http://bit.ly/IDCBlog_Subscribe.

Source:           https://www.pressreleasepoint.com/worldwide-hardcopy-peripherals-market-declined-75-year-over-year-first-quarter-2020-according-idc

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