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Indian HCP Market Declines by 0.1 percent YoY in CY2013: IDC

Report says that HP continued to lead the printer market in India with 48.9% shipment share in CY 2013

According to International Data Corporation (IDC), Hard Copy Peripherals (HCP) market in India declined by 0.1% year-on-year in CY2013 and stood at 3.2 Mn units.

HP continued to lead the Printer market in India with 48.9% shipment share in CY 2013, followed by Canon with 19.1% share. Epson and Ricoh continued to be at third and fourth position respectively but Ricoh entered at fifth position in CY 2013.

The report further stated that Inkjet HCP market grew marginally by 0.9% in CY 2013 compared to CY 2012 in terms of unit shipments. HP witnessed a overall marginal decline of 0.2% in Inkjet shipments but focus on Ink Advantage series was higher resulting in higher profitability for HP. For Canon too, Laser was comparatively weak but Inkjet business recorded a 20%+ year on year growth. HP remained the market leader with 58.9% market share followed by Canon and Epson with 23.5% and 15.4% market share respectively.

In the Laser segment, Laser HCP (Printer-based) market grew with 2.1% in terms of unit shipments in CY 2013 when compared to total shipments in CY 2012. After a very high growth last year, Laser HCP (Copier-based) declined marginally by 0.6% in CY 2013 when compared to the CY 2012 in terms of unit shipments. Canon lead the Copier-based Laser market with 26.1% market share followed by Ricoh and Konica Minolta with 20.7% and 17.4% market share.

Venu Reddy, Research Director, IDC, said, “As the vendors start targeting new market segments they are starting to bring unique products like High-end Mono Inkjet printers, and Printers with integrated storage (to facilitate business process enablement). These unique products along with customers willingness to engage in MPS (Managed Print Services) engagement with the vendors will drive the printer market maturity in the coming years.”

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