The printer market within the Asia-Pacific excluding Japan (APeJ) region has reached a record low in Q3 2023 with a drop of 15.2 percent year-on-year, according to research firm IDC.

With a registered shipment of 6.9 million units in the third quarter, printers or Hard Copy Peripherals (HCP), per IDC, had seen their lowest shipment post-pandemic.

Pressured by macroeconomic factors, the overall printer market globally has enfeebled the demand for both commercial and consumer segments of the business.

More specifically, the market has seen a slump with the following:

  • 15.1 percent decline in total inkjet
  • 26.4 percent decline in Serial Dot Matrix (SDM)
  • 13.5 percent decline in Laser devices, including A3 and A4 machines
Asia-Pacific-Printer-Market-Worst-Quarter

As home users were sluggish in replacing their ink cartridges, shipments of ink cartridges also saw a substantial decline, affecting sub-region countries like New Zealand and Australia, India, Greater China, and the ASEAN.

Meanwhile, ink tanks are finding significant growth within the Philippines, Australia, Indonesia, India, and Bangladesh because of the wider adoption in a largely SME-driven market, including education and healthcare.

The Laser A3 and A4 markets were also in a downturn, with 18.7 percent and 12.8 percent decline, respectively.

India, however, proved to be an outlier in the APeJ region in both laser and inkjet markets with it showing YoY growth due to increased demand in anticipation of the upcoming general election in Q2 2024.

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