According to a new report by market research firm International Data Corporation (IDC), HCP (Inkjet, laser, SDM and line printers) market in India dropped 4.7 percent 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. IDC’s report further states that due to low demand from the government and corporate companies this quarter, the overall HCP market witnessed lower numbers. In the overall HCP market, HP Inc managed to achieve 43.1 percent shipment share in the second quarter of 2016. Also Read - Best laptops under Rs 40,000 in July 2021: Mi Notebook 14, Asus VivoBook 14, and more
“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. Canon had a market share of 21.2 percent and a sequential growth of 21.9 percent while Epson also grew this quarter by 4.1 percent sequentially at 20.9 percent market share. The HCP Inkjet market witnessed a 10.6 percent growth quarter-on-quarter, with HP and Epson witnessing sequential growth of 8.8 percent and 2.6 percent, 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. Also Read - HP Victus gaming laptop series launches in India, starts at Rs 64,999
The laser HCP (printer-based) market declined by 14.5 percent quarter-on-quarter in terms of unit shipments. HP Inc. continued to be the market leader with a share of 55.8 percent, 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.