Trends
Worldwide shipments of hardcopy peripherals increased 5.6% YoY in Q4 2020
The worldwide hardcopy peripherals (HCP) market saw overall shipments grow 5.6% year over year to approximately 27.0 million units in the fourth quarter of 2020 (4Q20). Shipment value during the quarter declined 5.1% to $11.1 billion, according to the International Data Corporation (IDC) Worldwide Quarterly Hardcopy Peripherals Tracker. Strong shipment growth in the second half of the year was responsible for the 0.4% overall unit growth for the full year 2020. Market value declined 12.3% for the whole year, however, due to low shipments of high-end office devices.
Notable highlights from the quarter include:
Year-over-year shipment growth was observed in six of the IDC’s nine regional markets, with China leading the way at 18.4%. Similar to last quarter, the common theme in 4Q20 was the increased demand for low-end consumer inkjets and monochrome laser devices, which were readily available toward the end of the year at competitive prices.
Both inkjet and laser markets posted year-over-year gains with shipments increasing 7.9% and 3.7%, respectively. In the laser market, low-end A4 monochrome laser shipments grew year over year due to working from home and home education needs.
HP Inc. outperformed all other companies in the top 5 in terms of shipment growth. The vendor delivered a year-over-year increase of 13.7% with worldwide shipments of nearly 11.2 million units in the quarter.
Worldwide Hardcopy Peripherals Market, Unit Shipments, Company Share, and Year-Over-Year Growth, Q4 2020 (based on unit shipments) | |||||
Companies | 4Q20 Unit Shipments | 4Q20 Market Share | 4Q19 Unit Shipments | 4Q19 Market Share | 4Q20/4Q19 Growth |
1. HP Inc. | 11,154,435 | 41.2% | 9,814,581 | 38.3% | +13.7% |
2. Canon Group | 5,553,565 | 20.5% | 5,425,033 | 21.2% | +2.4% |
3. Epson | 4,793,679 | 17.7% | 4,807,487 | 18.8% | -0.3% |
4. Brother | 2,234,609 | 8.3% | 2,289,287 | 8.9% | -2.4% |
5. Kyocera Group | 468,782 | 1.7% | 478,771 | 1.9% | -2.1% |
Others | 2,846,414 | 10.5% | 2,792,841 | 10.9% | +1.9% |
Total | 27,051,484 | 100.0% | 25,608,000 | 100.0% | +5.6% |
CT Bureau
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