Worldwide shipments of hardcopy peripherals grew 2,2% year over year to 22,8-million units in the first quarter of 2023 (1Q23).
Shipment value also expanded 14% year over year during the quarter to $11-billion, according to new data from the International Data Corporation (IDC) 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 1Q23, with the US leading the chart at 27,7% growth, followed by China (PRC) 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 five vendors posted positive year-over-year unit growth in 1Q23 with Epson at 11,2%, Brother at 16%, and Pantum at 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 | |||||