Indian HCP Market Drops By 2.2 Per Cent

by CXOtoday News Desk    Jun 30, 2016

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The International Data Corporation (IDC), HCP market in India dropped 2.2 per cent sequentially in Q1 2016 and reached 795,451 units in terms of shipments. HCP market in India was primarily driven by Laser Printer, which marked a remarkable sequential growth of 15.9 per cent in Q1 2016.

According to Maninder Singh, Market Analyst, IDC India, “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.” 

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HP managed to achieve 44.7 per cent shipment share in Q1 2016 and remained as the market leader in India. This was followed by Epson and Canon with 19.1 per cent and16.6 per cent share respectively. Brother emerged into the fourth position in Q1 2016 and was closely followed by Samsung.

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Inkjet HCP market witnessed a sequential decline of 13.7 per cent in Q1 2016 due to low consumer demand and high inventory. However, Epson and Brother witnessed a sequential growth of 6.2 per cent & 12.4 per cent in Q1 2016.Both HP and Canon in the Inkjet HCP market recorded sequential decline . All the vendors faced inventory issues during the start of the quarter but the second half witnessed new campaigns and marketing activities that are expected to pave the recovery path in the coming quarters.

In the Laser segment, printer-based Laser HCP market grew by 5 per cent in terms of unit shipments in Q1 2016 as compared to Q4 2015. Financial year ending pushed many corporates and enterprises to exhaust their budget which supported the Laser market growth. The surge in Medium and Large Enterprises business was the prime reason for the growth and it was also supported by the stable channel business. HP continued to be the market leader with 57.7 per cent market share, followed by Canon and Samsung at the second and third position respectively.

Read Also:HP, Canon, Epson Leaders In Declining HCP Market

In the copier-based Laser HCP, the market witnessed sequential growth of 31.5 per cent in Q1 2016. Q1 traditionally remains strong for Copier market and the trend continued this year as well. This was primarily due to strong Enterprise buying but demand from the Government segment was weak this time. Ricoh’s market share was 19.5 per cent in Q1 2016 followed by Konica Minolta who recorded a sequential growth of 24.9 per cent and moved to the second position in Q1 2016, followed by Kyocera Document Solutions at the third position.

According to Manali De Bhaumik, Senior Market Analyst, IPDS, IDC India “In Q1, the HCP market was driven by rise in laser segment due to increased Government and Corporate spends than Inkjet which suffered a loss due to less consumer spending. The market is expected to revive in the coming quarters.”