Gartner: HP Leading The Printer, Copier, MFP Market

The combined serial inkjet and laser printer, copier and multifunctional product (MFP) market in India totalled nearly 0.8 million units in the third quarter of 2010, a 57.3 percent increase over the third quarter of 2009, according to Gartner, Inc.

“Due to the festive season and some government purchases, all the major print vendors saw a double-digit ‘growth in shipments in the quarter,” said Vishal Tripathi, Principal Research Analyst, Gartner. “HP, Canon, Epson and Samsung, the top 4 vendors, accounted for 94 percent of total shipments in the market in the third quarter of 2010.

HP accounted for more than half of all printer, copier and MFP shipments in India (55.1 percent) in the third quarter of 2010. Canon experienced the strongest growth among the top 4 vendors, as its shipments increased 64.4 percent in the third quarter.

Canon, held onto the No. 1 position in the A3 Flatbed Copier/MFP market in the third quarter of 2010 with 23 percent market share, followed by Ricoh with 21 percent market share.

HP maintained its leadership position with 49 percent market share in the A4 Flatbed category, far ahead of Canon with 22 percent market share in Q3 2010. HP was able to resolve inventory issues and win back the channel’s confidence. This segment grew by 214 percent, due to Canon’s 237 percent and HP’s 541 percent growth. Samsung recorded 69 percent growth year-on-year.

The page printer market in India grew 86 percent in the third quarter of 2010, riding on HP and Canon’s growth. HP grew in the triple-digits with 141 percent growth. HP’s market share grew from 36 percent in 3Q09 to 47 percent in 3Q10. Canon registered 73 percent growth, but its market share went down to 36 percent in the third quarter of 2010 compared to 39 percent in the third quarter of 2009. Samsung recorded a 22 percent growth in the third quarter of 2010.