printer

This marks a positive shift following five consecutive quarters of year-on-year declines, according to research firm IDC.

The Philippines still sees room for growth for ink cartridge machines due to back-to-school and home printing, and opportunities from first-time users.

The countries which managed to capture growth for ink cartridges were Bangladesh, Vietnam, India, the Philippines, Malaysia, and Thailand mainly because of the replacements of older machines bought before the pandemic.

The ink tank segment captured yearly growth in countries like Australia, the Philippines, Bangladesh, Indonesia, and India due to the growing acceptance in major verticals, such as healthcare and education, in a predominantly SME driven market.

Manufacturing constraints and logistic issues continued to be the main causes of the declining market.

Epson remains to be the market leader in the overall home/office printer market for 1Q22 holding 50.7% market share, despite showing a decline of -1.8% year-on-year.

Epson maintained to reign the top position in the overall Philippines’ printer market with a 55.1% market share.

Epson and HP Inc. grew 57.1% and 11.7% year over year, respectively while Canon declined 5.9% due to semiconductor shortages and stock issues.

The demand was overwhelming for inkjet machines, causing various out of stock situations to arise across vendors.

According to research firm IDC, the year-over-year expansion was driven by the demand for low-end, cost-effective inkjet devices for home working and home education.