NEEDHAM, MA – Worldwide shipments of hardcopy peripherals grew 2.2% year over year to 22.8 million units in the first quarter. Shipment value also expanded 14% year over year during the quarter to $11 billion, according to new data from the International Data Corporation Worldwide Quarterly Hardcopy Peripherals Tracker.

Notable highlights from the quarter include:

  • Improved product availability, back-order fulfillment, and fewer restrictions on factory capabilities contributed to the year-over-year gains in both units and shipment value on the global level.
  • All regional markets, except Japan, recorded year-over-year gains in shipment value in the first quarter, with the US leading the chart at 27.7% growth, followed by China at 19.1% and Western Europe at 11.7%. Improved inventory for some of the leading brands combined with the return to normal operations and pent-up demand to drive shipment value growth in the corporate sector and the A3 segment.
  • Three out of the top 5 vendors posted positive year-over-year unit growth in the quarter, with Epson at 11.2%, Brother 16%, and Pantum 33.9%.

Worldwide Hardcopy Peripherals Market, Unit Shipments, Company Share, and Year-Over-Year Growth, Q1 2023 (based on unit shipments)

Companies

1Q23 Unit Shipments

1Q23 Market Share

1Q22 Unit Shipments

1Q22 Market Share

1Q23/1Q22 Growth

1. HP Inc.

8,232,642

36.1%

8,386,439

37.6%

-1.8%

2. Epson

5,086,579

22.3%

4,574,914

20.5%

+11.2%

3. Canon Group

4,156,846

18.2%

4,705,383

21.1%

-11.7%

4. Brother

1,924,460

8.4%

1,659,617

7.4%

+16.0%

5. Pantum

608,498

2.7%

454,529

2.0%

+33.9%

Others

2,799,634

12.3%

2,526,530

11.3%

+10.8%

Total

22,808,659

100.0%

22,307,412

100.0%

+2.2%

Source: IDC Worldwide Quarterly Hardcopy Peripherals Tracker, May 31, 2023

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