Printers, copiers market in India slumps 2.2 per cent

New Delhi, June 30 (IANS) The hardcopy peripherals market in India dropped 2.2 per cent sequentially in the first quarter of this year and reached 795,451 units in terms of shipments, says market research firm International Data Corporation (IDC).

Hardcopy peripherals (HCP) includes printers, multifunction peripheral (MFP), and digital copiers.

However, the market for laser printers witnessed a remarkable sequential growth of 15.9 percent in the same quarter, the report said.

"In the absence of substantial demand from government and consumers in Q1 2016, the overall HCP market witnessed weak buying as the sentiments were not positive. However, the enterprise segment witnessed some growth and is expected to pick up pace in the coming quarters,” Maninder Singh, Market Analyst at IDC India, said in a statement.

Among major vendors, HP managed to achieve 44.7 per cent shipment share and remained as the market leader in India.

HP was followed by Epson and Canon with 19.1 per cent and 16.6 per cent share respectively, the report said.