CRN Network, December 16, 2011, 1230hrs
The combined serial inkjet and page printer, copier and multifunction product (MFP) market in India totaled 801,614 units in the third quarter of 2011, a 2.4 percent increase compared to the third quarter of 2010, according to Gartner.
“India is full of opportunities because of the resilient economic growth driven primarily by domestic consumption. Business activities in the BFSI, manufacturing, IT/ITeS sectors, and notably the government sector, led to a growth of peripheral devices like printers and multifunctional devices,” said Amrita Choudhury, Research Analyst, Gartner.
HP, Canon, Epson,and Samsung continued to be the top four vendors accounting for 93 percent of the total India printer market in the third quarter of 2011. HP remained the leader in the India printer, copier and MFP market also in the third quarter of 2011 with a market share of 51 percent, followed by Canon with 24.4 percent, Epson with 9.percent, and Samsung with 8.5 percent market share.
With increasing penetration of the Internet, digital content is also growing tremendously. Print vendors are paying close attention to the needs of business, both small and large, and consumers are provided with a lot of choice at affordable prices. The strong demand for A4 MFP continued in the quarter. HP led the A4 MFP segment with 58 percent, followed by Canon with 20.6 percent. Samsung and Epson contributed 7.6 percent market share each.
The A3 flatbed copier MFP segment grew 1.4 percent compared to the third quarter of 2010; Ricoh led the market with 23.2 percent, followed by Canon with 21.8 percent, and Sharp with 14 percent market share.
Single function devices declined 12.3 percent in the third quarter 2011 as consumers wanted to do more with their devices than just print. HP continued to dominate the segment with a 46.2 percent market share, but sales declined 20.8 percent in the third quarter of 2011, while Canon, with 28.6 percent market share, also decreased 12.4 percent. Despite the top brands not doing well Epson emerged as the clear winner with its sales growth by 9.9 percent compared to the third quarter of 2010, accounting for 11.1 percent market share. |