Indian printer, copier and MFP market grew 10% in Q4 2010

The Indian printer, copier and multifunctional product market grew by 10% in the fourth quarter of 2010, according to Gartner. The combined segment market in India totaled 681,142 units for the same period.

“With the growth in IT sector and overall consumer confidence, there has been a spur in IT spending including the small and midsize business (SMB) and government sectors. Hence most print vendors reported good growth,” said Amrita Choudhury, research analyst at Gartner.

“HP, Canon, Epson and Samsung continued to be the top four vendors accounting for 94% of the total India printer market in the fourth quarter of 2010 (see Table 1). HP remained the leader in the India printer, copier and MFP market with a market share of 55.7% in the fourth quarter of 2010, while Canon followed with 24.6% market share,” he added.

The page printer market grew by only 2% in the fourth quarter 2010. HP which leads the page printer market with a 46% market share recorded only 1%t growth in the fourth quarter 2010, while Canon, with 40% market share, grew by 20%. Samsung recorded a decline of 28% but held 10% market share in the Indian page printer market.