Printer, Copier & MFP Market Dips 9 Percent In Q1: Gartner
Mumbai: The market size of printer, copier and multi-function products declined by nearly 9 per cent to 6.90 lakh units in the first quarter of 2013 as users cut spending, research firm Gartner said.
The market size was at 7.57 lakh units in the same period of 2012, Gartner said in a statement.
Total spending by end users fellone per cent from the same period last year, totaling USD 237.5 million, it added.
Both the monochrome and color devices markets posted a decline of 2.9 per cent and 11.2 per cent, respectively.
"Vendors are targeting the small and mid-size business (SMB) and small office home office (SOHO) markets in India with increased focus on the cost and quality needs of office users," Zalak Shah, Research Analyst at Gartner, said.
Key market players are trying to stimulate demand with new offerings and working closely with channel partners for market expansion, Shah added.
HP remained the market leader in the Indian printer, copier and MFP market, as its market share totalled 52 per cent (3.60 lakh units), followed by Canon at 20 per cent (1.37 lakh units).
Epson accounted for 9 per cent, while Samsung Electronics accounted for 8 per cent of the market in the first quarter of 2013.
The page printer market overall experienced a decline of 14.1 per cent in the first quarter of 2013.
The market was led by HP at 55.4 per cent market, followed by Canon at 25.7 per cent and Samsung with 10 per cent share.
However, HP, Canon and Samsung's shipments declined 13.7 per cent, 27.6 per cent and 15.2 per cent, respectively.