Other Gadgets

Hardcopy Peripherals market records 23 per cent growth in third quarter

Our Bureau Mumbai | Updated on November 19, 2019 Published on November 19, 2019

Market down 6.5 per cent year-on-year on decline in shipments of inkjet printers, laser segment

The Hardcopy Peripherals (HCP) market shipped 1.03 million units in the third quarter of 2019 (3Q19), posting a 22.6 per cent quarter-over-quarter (QoQ) growth. A decline in shipment of inkjet printers and the laser segment brought the overall HCP market down by 6.5 per cent year-over-year (YoY), according to a report by IDC India.

HP (excluding Samsung) maintained its leadership in HCP with a market share of 38 per cent, while its shipments declined by 9.9 per cent on a YoY basis. Epson maintained its second position in the overall HCP market and declined marginally by 1.3 per cent YoY. Canon recorded a YoY decline of 5 per cent, while maintaining its third position in the HCP market, and capturing 23.5 per cent unit market share.

After two years of consistent YoY growth, the inkjet segment declined by 3.8 per cent due to sluggish consumer demand, despite 3Q19 being the quarter in which online channel partners stocked up high volumes for the festive season online sales.

Barring 2Q17, which was largely impacted by the then upcoming GST launch, the ink tank segment saw the lowest YoY growth of 0.3 per cent. The laser segment occupied the lowest market share till date of 37.8 per cent, owing to the migration of users to the ink tank segment and weak demand from Small and Medium Businesses (SMBs) and Micro and Small Enterprises (MSEs) due to credit issues they continue to face with banks. Overall, the laser segment witnessed a YoY decline of 13.5 per cent.

"While the YoY growth seems challenging, the situation has improved from a QoQ perspective. The inkjet market grew by 35.3 per cent QoQ in preparation for the upcoming festive season. There was an increase in demand from the Government and the corporate sector. Interestingly, single-function printers grew significantly YoY, while its multi-function counterpart declined, a trend not observed in the last 19 quarters. This was a conscious move from vendors in order to flush out the inventory of single-function printers through partner schemes and flash online sales," said Bani Johri, Market Analyst, IPDS, IDC India.

Published on November 19, 2019

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.