Singapore, May 29, 2012: The Hard Copy Peripherals ( new industry jargon for printers and copiers) market in India registered a small recovery in the first quarter of 2012 and racking up 834,134 units, recording a sequential growth (Quarterly) of 12.6% and a year on year growth of 7.4%, says the International Data Corporation (IDC). Says Dr. Adwaita Menon, Associate Director at IDC: "Consumer sentiment improved in Q1 even as the Government and SME remained key contributors to growth. HP continued to dominate the HCP market with a market share of 48.8%. The vendor was noted to recover from the share drop, noted in Q4 and gained 3.0 percentage points in Q1 2012.
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Vendor Share - India HCP Market, Q1 2012 (% of Shipments)
HP: 48.8 %
Canon 17.2%
Epson 11.5%
Others 22.5 %
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Inkjet HCP market grew by 19.9% compared to Q4 2011 and marginally by 1.5% compared to the same period in 2011. Says Mohit Raizada, Market Analyst at IDC: "Due to price inflation and impending macro economic pressures, consumer sentiments remained subdued towards the second half of 2011, which rebounded to some extent in Q1 2012”. HP leads the Inkjet HCP market in Q1 2012 with a whopping 64.3% share followed by Epson and Canon respectively. The Laser HCP (Printer-based) market witnessed a growth of 11.6% compared to previous quarter Q4 2011 and a growth of 18.9% compared to the same period in 2011. Here too, HP regained its dominance followed by Canon and Samsung, respectively.
Laser HCP (Copier-based) marked record shipments of 33,406 units in Q1 2012. This market witnessed a sequential growth of 60.5% and a year-on-year growth of 15.4%. Ricoh gained maximum share of 8.1 percentage points and stood as the market leader with 27.6% market share. This was followed by Canon with 21.6% share.