India Printer, Copier, MFP Mkt Grew 36 Percent In 1Q10

According to Gartner,Inc. the combined printer, copier and multifunctional product (MFP) market in India totalled nearly 0.8 million units in the first quarter of 2010, representing 35.7 per cent growth over the first quarter of 2009.

“Most of the major vendors experienced significant shipment increase in the first quarter of 2009. Shipments by HP, Canon and Samsung, the top 3 vendors, contributed 76 percent of the total market in Q1 2010,” said Vishal Tripathi, Principal Research Analyst, Gartner. “Canon registered 93 percent growth, followed by Samsung with 54 percent and, in midst of an ongoing shortage of materials, HP still managed to register 26 percent growth as compared to Q1, 09 shipments. Though Xerox also registered a substantial 166 percent shipment growth, it only represents 1.8 percent of the total market in terms of shipments. Increased government spend in Q1 added to the total growth of the market.”

Ricoh, with 25 percent market share, has emerged as the No.1 vendor in A3 Flatbed Copier/MFP in the first quarter of 2010, followed by Canon with 19 percent market share. Samsung, with 40 percent market share, was the leader in A4 Flatbed category, ahead of Canon with 28 percent market share. In this segment, HP recorded 36 percent decline in market share as compared to Q1 2009, declining from 30 percent in Q1 2009 to 13 percent in Q1 2010. This is mostly due to ongoing inventory issues and increased competition.

The page printers market in India grew 73 percent in Q1 2010, mostly due to Canon’s 143 percent, Samsung’s 44 percent and HP’s 41 percent increases in shipments in single function page devices. HP’s market share declined from 48 percent in Q1 2009 to 30 percent in Q1 2010. Canon’s market share grew from 25 percent in Q1 2009 to 36 percent in Q1 2010.