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Global printer shipments to grow in Q1 2023

Regeneration Times Report / According to IDC data, global printer shipments increased by 2.2% year-on-year to 22.8 million units. Shipments in the quarter were valued at $11 billion, up 14% year-over-year.

IDC believes that improvements in product availability, fulfillment of orders, and reductions in factory production constraints are all reasons for the increase in printer shipments this quarter.

Worldwide Top 5 HCP Companies, 2023 Q1 Unit Market Share

From a regional perspective, except for Japan, all regional markets achieved year-on-year shipment growth in the first quarter, with the US leading the way with a 27.7% increase, followed by China at 19.1% and Western Europe at 11.7%. Among them, the inventory improvement of some leading brands, coupled with the recovery of operations and the release of pent-up demand, drove the growth of shipments of enterprise models and A3 divisions.

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

Among the top five suppliers, three achieved year-on-year growth, among which Canon increased by 11.2%, Brothers increased by 16%, and Pantum increased by 33.9%.

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