India’s combined serial inkjet and page printer, copier and multifunction product (MFP) market declined marginally by 0.8% in second quarter this year, IT market research firm Gartner said.
The printer, copier and MFP market totaled 666,859 units in Q2 2011, a 0.8 percent decline from the second quarter of 2010, said Gartner. It said that the US and European budget crisis had some ripple effect on the Indian economy. As a result, economic activities slowed down slightly, and printer equipment purchases as a discretionary spend were affected. High inflation in the country also affected the consumer spending in print devices, said Gartner.
Gartner research analyst Amrita Choudhury said overall, HP, Canon, Samsung, and Epson continued to be the top 4 vendors, accounting for 92% of the total India printer market in the quarter.
HP maintained its leadership position in the India printer, copier and MFP market, accounting for 53.1% of shipments, followed by Canon with 22.9%, Samsung with 8.5% and Epson with 7.7% market share.
Gartner said that HP maintained its lead in the A4 MFP segment also, with 58.3% market share followed by Canon with 20.7%. Samsung with 7.4% and Epson with 5.3% market share in Q2 were the other top vendors in the segment.
However, in the A3 flatbed copier MFP segment, Canon led the market with 27.7%, followed by Sharp with 15.3%. Xerox and Toshiba commanded 13.7 and 13.4% of the market share, respectively. Gartner said that Ricoh which led the segment with 24.2% market share in the first quarter of 2011 had only 11.8% market share in the second quarter; but it showed a growth of 13.2% year on year.
"Overall, the Indian print market is seeing a paradigm shift from a single function to a multifunction device. In page printer space the market declined by 12.8 percent in the second quarter of 2011. HP continued to dominate the segment with 46.1 percent market share, recording 4.8 percent growth in the second quarter of 2011, while Canon, with 33.3 percent market share, showed declined 23.2 percent. Samsung recorded a decline of 20.8 percent but held 14.9 percent market share in the Indian page printer market," said Choudhury.
