HP dominates Indian printer market

Actionable Intelligence writes.

IDC's press release says the market for hardcopy peripherals such as printers, copiers and MFPs in India reached 8 341 245 units in the first quarter, up 7.4% over the year-ago period and up 12.6% sequentially.

HP gained market share in the first quarter, when it had a 48.8% share of the overall market. Second-ranked Canon had a 17.2% share, Epson had an 11.5% share, and other vendors held the remaining 22.5% of the market.

The inkjet HCP market grew by 19.9% compared to Q4 2011 and marginally by 1.5% compared to the same period in 2011, IDC reports.

IDC market analyst Mohit Raizada says: "Due to price inflation and impending macro-economic pressures, consumer sentiments remained subdued towards the second half of 2011, which rebound to some extent in Q1 2012.”

HP leads the inkjet HCP market in Q1 2012, with a 64.3% share, followed by Epson and Canon, respectively.

The laser HCP (printer-based) market witnessed a growth of 11.6% compared to previous quarter Q4 2011 and a growth of 18.9% compared to the same period in 2011. Here, too, HP regained its dominance, followed by Canon and Samsung, respectively.