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Western Europe hardcopy peripheral shipments drop 20.6% in Q1 2024

Shipments of hardcopy peripherals (HCP) in Western Europe (WE) experienced a year-on-year decline of 20.6% to 3.3 million units in Q1 2024, according to IDC.

In Q1 2024, MFP shipments posted a unit decline of 20.7% year on year, while printer shipments declined by 19.8%. Laser shipments decreased by 19.6%, and inkjet devices recorded a decline of 21.1%, primarily influenced by economic uncertainty. With the advancement of digitization initiatives and the widespread adoption of paperless services in both private and public sectors, the demand for home printing has dwindled. The increasing use of online applications has contributed to this decline.

“In a mature market like Western Europe, any economic impact tends to decrease printing volumes. Strategies aimed at reducing paper usage are leading to a decline in printing, and organizations are buying fewer devices. The heightened awareness of environmental impact discourages the use of printing and paper in Western Europe,” says Julio Vial, research manager with the Imaging Printing and Document Solutions team at IDC.

In Q1 2024, HP remained the top market leader with a share of 37.4%. Brother has seen an increase in its market share to 12.1%, while Canon and Epson have maintained their market shares despite declining shipments.


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