According to the International Data Corporation (IDC), HCP* market in India dropped 4.7 percent sequentially in Q2 2016 and reached 757,783 units in terms of shipments. Due to low demand from Government and corporates this quarter, the overall HCP market witnessed low numbers. However, the consumer sentiments were good and going forward this segment is expected to pick up in coming quarters with festive mood setting in India.
The Overall HCP* Market:
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HP Inc. managed to achieve 43.1 percent shipment share in Q2 2016 leading the printer market in India
Canon grew this quarter with a market share of 21.2 percent and a sequential growth of 21.9 percent
Epson also grew this quarter by 4.1 percent sequentially at 20.9 percent Market Share
Samsung emerged into the fourth position in Q2 2016; it was closely followed by Brother with just a marginal difference in market share.
Inkjet HCP* Market:
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Consumer sentiments were good and HCP Inkjet market did witness a 10.6 percent growth quarter-on-quarter
HP, Epson witnessed sequential growth of 8.8 percent, 2.6 percent while Canon bounced back with a 42.3 percent quarter-on-quarter growth
HP, Canon and Epson grew in the Inkjet HCP* market but Brother recorded a sequential decline of 9.9 percent this quarter
“Q3 2016 would be the quarter where consumer segment would be targeted, vendors would do promotions and make use of the celebration season to offer discounts and gifts to consumers.” says Manali De Bhaumik, Senior Market Analyst, IDC India.
Laser HCP* (Printer-based) Market:
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Market declined by 14.5 percent quarter-on-quarter in terms of unit shipments in Q2 2016. After a good Q1, the market was soft in Q2 2016 due to low Government and corporate buying
HP Inc. continued to be the market leader with a share of 55.8 percent, followed by Canon and Samsung at the second and third position respectively. HP Inc. witnessed a decline this quarter while Ricoh dropped to fifth position and lost share this quarter.
Laser HCP* (Copier-based) Market:
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There was a sequential dip of 33.3 percent but the market performed better than expected. There was a 11.1 percent year growth though there was a quarter-on-quarter gap due to Q1 being higher than expected
Q2 is usually a soft quarter for copier market, but it did perform well due to some deals in the Government sector
Canon picked up some deals and managed to be at No.1 spot with a market share of 25.9 percent
Ricoh was at 2nd position with 23.3 percent market share followed by Konica Minolta and Sharp
