India’s HCP market grows by 38.5%, records best-ever Q1: IDC | HT Tech

India’s HCP market grows by 38.5%, records best-ever Q1: IDC

According to IDC, consumer sentiment may remain muted during 2Q21 as the country battles the second wave of the pandemic.

| Updated on: May 19 2021, 16:27 IST
Top printers for you
Top printers for you (Amazon/HP)

India's hardcopy peripherals (HCP) market registered its best Q1 in terms of unit shipment owing to the growing demand for inkjet printers, according to the IDC Worldwide Quarterly HCP Tracker.

The report says the market recorded a slump of 4.5% quarter-over-quarter during the first quarter of the year. But it grew 38.5% YoY with a shipment of 0.92 million units. The report added that the inkjet segment recorded a strong growth due to increasing demand from the home segment. The segment recorded a 56.2% YoY growth. IDC pointed out that vendors did encounter issues, such as limited production capacity of production hubs, availability of shipping vessels, and increased freight charges.

You may be interested in

MobilesTablets Laptops
7% OFF
Apple iPhone 15 Pro Max
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
Google Pixel 8 Pro
  • Obsidian
  • 12 GB RAM
  • 128 GB Storage
34% OFF
Samsung Galaxy S23 Ultra 5G
  • Green
  • 12 GB RAM
  • 256 GB Storage
Apple iPhone 15 Plus
  • Black
  • 6 GB RAM
  • 128 GB Storage
Also read
Looking for a smartphone? To check mobile finder click here.

Laser printers grew too. The segment (including copiers) saw a growth of 26.3% YoY. The Laser Copier segment recorded a YoY growth of 42.8% despite muted demand, the report added.

Top HCP brands in India
Top HCP brands in India (IDC 2021)
image caption
Top HCP brands in India (IDC 2021)

Brands wise, HP maintained its top spot with a share of 34.1% and a shipment growth of 39.6% YoY. In the inkjet space, HP recorded a 109.4% YoY growth. Its market share, however, declined to 22.7% in the inkjet market where it's at the third position.

Epson was in the second position with a market share of 30.4% and recorded a 27% YoY growth. Canon posted a YoY growth of 62.1% and occupied 3rd position in the overall India HCP market, capturing a unit market share of 22.8%. In the inkjet segment, Canon saw YoY growth of 98.6% even as it struggled with the shortage of certain models.

"The Government demand could not be fulfilled completely because of its move to delist products with country of origin as China from Government e-Marketplace (GeM). As a result, multiple vendors were impacted since many top-selling models were delisted from GeM. While a few vendors found a workaround by acquiring shipments from manufacturing hubs in another country, others replaced the laser models on GeM with high-speed inkjet models having their country of origin as Vietnam, Thailand, or Japan,” Bani Johri, Market Analyst, IPDS, IDC India, said in a post.

Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 19 May, 16:27 IST