The worldwide hardcopy peripherals market saw overall shipments grow 11,6% year-over-year (YoY) to nearly 25-million units in the fourth quarter of 2022 (4Q22), according to IDC’s Worldwide Quarterly Hardcopy Peripherals Tracker. Shipment value during the quarter increased 14,8% to $11,1-billion.
The strong gains during 4Q22 weren’t enough to fuel shipment growth for the full year – the overall market declined 1,4% YoY for 2022. However, market value improved 0,7% YoY to approximately $39,9-billion for 2022.
Notable highlights from the quarter include:
* The Top Three regional markets all recorded YoY growth during 4Q22 with China (PRC) leading the way with 31,7% growth, followed by Western Europe at 13,1% and the US at 7,2%. Contributing to these gains were improved microchip/component supplies and adequate inventory to meet consumer and business demands.
* Despite the gains in 4Q22, Western Europe and the US both saw a YoY decline in shipments for the full year 2002, down 4,1% and 6,2% respectively. China ended the year with shipment growth of 8,2% for 2022.
* The Top Five vendors all saw YoY growth in 4Q22. Key drivers for this growth include improved supplies, increased consumer demand, robust consumer promotions, and enhanced channel incentives.
| Top 5 Hardcopy Peripherals Companies, Unit Shipments, Market Share, and Year-Over-Year Growth, Q4 2022 (based on unit shipments) | |||||
| Companies | 4Q22 Unit Shipments | 4Q22 Market Share | 4Q21 Unit Shipments | 4Q21 Market Share | 4Q22/4Q21 Growth |
| 1. HP Inc. | 8,662,882 | 34.7% | 8,456,441 | 37.8% | +2.4% |
| 2. Canon Group | 5,276,581 | 21.2% | 4,524,104 | 20.2% | +16.6% |
| 3. Epson | 5,159,492 | 20.7% | 4,391,498 | 19.7% | +17.5% |
| 4. Brother | 2,192,849 | 8.8% | 1,812,528 | 8.1% | +21.0% |
| 5. Pantum | 747,063 | 3.0% | 461,588 | 2.1% | +61.8% |
| Others | 2,902,982 | 11.6% | 2,699,496 | 12.1% | +7.5% |
| Total | 24,941,849 | 100.0% | 22,345,655 | 100.0% | +11.6% |
| Source: IDC Worldwide Quarterly Hardcopy Peripherals Tracker, March 3, 2023 | |||||