Worldwide shipments of hardcopy peripherals (HCP) increased for the first time since the second quarter of 2018, growing 8,6% year over year to nearly 26,2-million units in the third quarter of 2020 (3Q20).
According to the International Data Corporation (IDC) Worldwide Quarterly Hardcopy Peripherals Tracker, the year-over-year expansion was driven by the demand for low-end, cost-effective inkjet devices for home working and home education.
Notable highlights from the third quarter include:
* Year-over-year increases in unit shipments were observed in the three largest regional markets – the US, Western Europe, and China. The growth was stimulated by increased working and learning from home, which require affordable printers for home-based printing.
* HP Inc and Canon posted significant year-over-year growth in global shipments at 22,7% and 12,1% respectively.
* Both the inkjet and laser markets posted year-over-year growth in 3Q20, registering gains of 13,8% and 2% respectively.