HP Inc leads dwindling HCP market in India: IDC

New Delhi, Sep 26 (IANS) HCP (Inkjet, laser, SDM and line printers) market in India dropped 4.7 per cent sequentially in the second quarter of 2016 and reached 757,783 units in terms of shipments, with HP Inc. leading the segment with a spurt in the consumer Inkjet market, a report said on Monday.

According to the market research firm International Data Corporation (IDC), owing to low demand from the 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 the country," the report said.

In the overall HCP market, HP Inc managed to achieve 43.1 per cent shipment share in the second quarter of 2016.

Canon had a market share of 21.2 per cent and a sequential growth of 21.9 per cent while Epson also grew this quarter by 4.1 per cent sequentially at 20.9 per cent market share.

The HCP Inkjet market witnessed a 10.6 per cent growth quarter-on-quarter, with HP and Epson witnessing sequential growth of 8.8 per cent and 2.6 per cent, respectively.

According to Manali De Bhaumik, Senior Market Analyst, IDC India, in third quarter, vendors will do promotions and make use of the celebration season to offer discounts and gifts to consumers.

The laser HCP (printer-based) market declined by 14.5 per cent quarter-on-quarter in terms of unit shipments. HP Inc. continued to be the market leader with a share of 55.8 per cent, followed by Canon and Samsung at the second and third position, respectively. HP has acquired Samsung Electronics Co Ltd’s printer business for $1.05 billion.