Unit shipments reached 799,164 in the first quarter of 2017 giving India a 0.5 percent YOY growth for the first time.
Ein connect 007 reported that the IDC forecast was accurate with only a one percent difference in Inkjet HCP (Hard Copy Peripheral) and two percent difference in the laser HCP market and that this is a positive return after 2016 Q4 was affected by demonetisation as 2017 Q1 shows a 15.4 percent growth YOY.
During the last year there has been an increased interest in ink tank printers over “entry level laser printers” because of the low cost of printing and the high page yields and vendors pushed this advantage generating sales.
In the inkjet market Epson overtook HP Inc as market leader netting 42.9 percent of the market as opposed to HP Inc’s 39.4 percent. The top three vendors posted double figured growth and both HP Inc and Canon posted eleven and 13.6percent YOY individually.
Abhishek Mukherjee, Senior Market Analyst, IDC India. Said: “Demand from SMEs in smaller cities/towns and home consumers continued to be the driving force behind the growth of Ink Tank Printers shipments in 2017Q1 Laser HCP (Printer – Based) Market.”
In the laser market HP Inc leads the way with a 54.8 percent of the market while Canon and Samsung come in at second and third and the copier sector saw a quarterly growth 45.9 percent after 2016’s demonetisation affected jobs and “low government spending” with Kyocera leading the market with 26.8 percent and a YOY growth of 22.8 percent.
Manali De Bhaumik , Senior Market Analyst, IDC India. Said: “Laser printer based market continues to face challenges although in 2017 Q1 they managed to narrow the shipment gap with inkjet printers quite significantly owing to some good government and corporate deals.”