Global printer market shows signs of improvement in Q2 — IDC

The rate of decline in the worldwide hardcopy peripherals, also known as printers market, slowed in the second quarter of 2016 (2Q16) with shipments contracting 3.8% year-over-year to 23.1 million units, according to research firm IDC.

printer market q2

The improvement in the global market was largely driven by strong demand in the color laser (21ppm+) and mono laser (21-30 ppm) segments with 18.0% and 8.9% year-over-year growth, respectively.

Other notable highlights in this quarter include:

• Asia-Pacific (excluding Japan) saw 6.6% year-over-year growth in shipments to approximately 8 million units, bolstered by strong performances in the Philippines, China, Indonesia, and Vietnam.

• Epson’s double-digit year-over-year growth of 10.4% was fueled by increases in six out of eight regional markets. The vendor grew shipments 13.3% year-over-year in the business inkjet segment of the Western European market.

• Canon also grew 1.4% year-over-year in the worldwide market with shipments approaching 4.8 million in 2Q16. The vendor’s best results came in Asia-Pacific (excluding Japan) with 19.4% year-over-year growth, which was driven by increased traction for its ink tank series (i.e, Pixma G models).

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