Hardcopy peripheral shipments increased 11.6% in Q4

The worldwide hardcopy peripherals market saw overall shipments grow 11.6% year over year to nearly 25.0 million units in the fourth quarter of 2022 (4Q22). Shipment value during the quarter increased 14.8% to $11.1 billion, according to the International Data Corporation (IDC) Worldwide Quarterly Hardcopy Peripherals Tracker.

The strong gains during 4Q22 weren’t enough to fuel shipment growth for the full year – the overall market declined 1.4% year over year for 2022. However, market value improved 0.7% year over year to approximately $39.9 billion for all of 2022.

Notable highlights from the quarter include:

The top 3 regional markets all recorded year-over-year growth during 4Q22with China (PRC) leading the way with 31.7% growth, followed by Western Europe at 13.1% and the United States at 7.2%. Contributing to these gains were improved microchip/component supplies and adequate inventory to meet consumer and business demands. Despite the gains in 4Q22, Western Europe and the U.S. both saw a year-over-year decline in shipments for the full year 2002, down 4.1% and 6.2%, respectively. China ended the year with shipment growth of 8.2% for 2022.

The top 5 vendors all saw year-over-year growth in 4Q22. Key drivers for this growth include improved supplies, increased consumer demand, robust consumer promotions, and enhanced channel incentives.

CT Bureau