Printer, copier, multifunction product mkt up 2.4% in Q3

The combined serial inkjet and page printer, copier and multifunction product (MFP) market in India totalled 666,859 units in the third quarter of 2011, a 2.4% increase over the year-ago period, according to research firm Gartner.

"Business activities in the banking, financial services and insurance (BFSI), manufacturing, IT and IT-enabled services (IT/ITES) sectors, and notably the government sector, lead to a growth of peripheral devices like printers and multi-functional devices," Gartner Research Analyst Amrita Choudhury said.

Overall, HP, Canon, Epson and Samsung continued to be the top 4 vendors accounting for 93% of the total India printer market in the period under review.

 

"HP remained the leader in the India printer, copier and MFP market in the third quarter of 2011 with a market share of 51%, followed by Canon with 24.4% market share, Epson with 9% and Samsung with 8.5%," the report said.

HP also led the A4 MFP segment with 58% market share, followed by Canon with 20.6%. Both, Samsung and Epson had 7.6% market share in the third quarter of 2011.

In the A3 flatbed copier MFP segment, which grew 1.4% against third quarter of 2010, Ricoh led the market with 23.2% market share, followed by Canon (21.8%), and Sharp (14%).

However, Page Single function devices declined by 12.3% during the period as consumers wanted to do more with their devices than just print, Gartner said.

HP dominated the segment with a 46.2% market share. Canon and Epson had a market share of 28.6% and 11.1% market share, respectively.

While HP and Canon saw a decline of 20.8% and 12.4% in sales, respectively, Epson's sales grew by 9.9%.