Western European shipments of hardcopy peripherals declined 6,7% year over year to 3,8-million units in the third quarter of 2022 while shipment value increased 7,2% year over year to $1,935-billion, according to IDC.
Supply-chain issues continue to affect the market and are not likely to be fully rectified until 2023. Some brands are struggling to meet consumer and business demands while others are taking advantage of their misfortune and are seeing their shipments increase.
Highlights from the quarter include:
• Inkjet shipments declined 13,92% in 3Q22 with consumer devices contracting 13,7% year-on-year while business inkjet devices declined 15,2% year-on-year.
• Overall laser shipments increased 14,9% year-on-year in 3Q22 as some backorders were fulfilled, but it must be noted that the quarter for the previous year (3Q21) was one of the worst quarters on record.
• Colour shipments saw year-on-year increase of 12,9% while monochrome shipments saw an increase of 16,2%.
• The monochrome A4 single function printer segment remained the largest segment followed by the monochrome A4 multifunction (MFP) segment.
• HP retains the overall market leadership with 38% market share even though year-on-year shipments declined, and Canon was one of the better performers with year-on-year shipments increasing strongly, especially in the inkjet segment, to take 23,9% market share.
“Newly manufactured devices are still being used to fulfill backorders across the industry and some are struggling worse than others with their inventories, meaning that those brands with greater stock levels are seeing their sales increase and the supply and demand issues are likely to continue well into 2023, for some at least,” says Phil Sargeant, senior programme director, Western European Imaging, Hardware Devices, and Document Solutions group, IDC.