A 7% Increase in Printer and Copier Market Discovered in Q2 2012

According to the research firm Gartner, the combined serial inkjet and page printers, copiers and multifunction products market in the United States totaled 7,150,202 units in the second quarter of 2012, a 6.8% increase over the same period last year. The total end-user spending reached $208.1 million USD, an increase of 35% from the same period last year as well.

According to Gartner Research Analyst Amrita Choudhury, "The MFP market growth here has been driven by the banking, financial services and insurance, education and government sectors." Choudhury went on to say that the market also gained some traction in the high speed segment, often used by large publishing houses or organizations to print their outbound communications. 

HP remained on top in the markets for printers, copiers and multifunction printers, accounting for 51.4% of shipments. Canon pulled in the number 2 spot with 23%, while Samsung and Epson rounded out the leaders with 8.3% and 8.1%, respectively. In the A4 MFP segment, HP was the market leader as well with a 48.2% market share, followed by Samsung with 22.7% and Canon with 13.7%. The A3 flatbed copier MFP segment saw Canon leading the pack with a 28.9% market share. Konica Minolta took the number 2 spot with 19.7% and Ricoh commanded 12.8% of the market. 

Not everything was positive, however, with the inkjet printer market declining 7.2% in the second quarter compared to the same period last year. HP, which accounted for 50.8% of the total sales in the segment, also saw a decline of 23.6%. Epson held a market share of 30% and also had a shipment decline of 8.8%. Canon also improved shipments in the inkjet division by increasing by 136% compared to the second quarter of 2011, contributing 18.8% of market share.

Source: NDTV Gadgets - Printers and copiers market grows 7%: Gartner