HP dominates Indian printer market

International Data Corporation (IDC) and India-based research group CyberMedia Research have released their findings on how the printer and MFP markets fared in India in the first quarter of 2012, 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.