Leading HCP printer suppliers in ASEAN region: IDC
Epson, Canon, HP and Brother are the main suppliers within the HCP printer market in ASEAN area within the second quarter of 2024, IDC report stated.
IDC has revealed the hardcopy peripherals market share of Epson (40 p.c), Canon (31 p.c), HP (15 p.c), Brother (11 p.c) and Fujifilm (2 p.c).
Epson
Epson has maintained its management in ASEAN’s ink tank market. Demand for Epson Inkjet printers fell on account of total drop in demand. Epson confronted decrease cargo in its key markets, particularly Indonesia and the Philippines. Epson’s annual printer cargo for 2024 will decline.
Canon
Canon has maintained its printer market share in Thailand and its place in Indonesia, Malaysia and the Philippines all through 2023. Canon’s inkjet shipments in 2024 are but to indicate indicators of restoration. Canon’s laser printer merchandise are slowing down in Indonesia and Vietnam, regardless of profitable authorities accounts earlier.
HP
HP has secured a better share within the ink tank market in international locations like Indonesia, Malaysia, and the Philippines with their Good Tank sequence. HP’s printer cargo slowed down considerably within the first half of 2024.
HCP market
HCP market in ASEAN area reached 1.24 million models within the second quarter of 2024 (2Q24), 6.4 p.c decrease than the 1.32 million models shipped in Q2 2023.
Inkjet declined by 2.4 p.c. Laser units declined by 13.6 p.c. Serial Dot Matrix (SDM) printers declined by 44.3 p.c.
Ink cartridge machines market fell in 2024 because of the sturdy appreciation of shoppers and MSMEs for ink tank machines in Indonesia and Malaysia.
Philippines sees room for development for ink cartridge machines because of back-to-school and residential printing, and alternatives from first-time customers. In Thailand and Singapore, customers search for cheaper and long-term selections when buying expertise merchandise and choose to purchase ink tank printers reasonably than cartridge fashions.
A3 market declined by 8.2 p.c and the A4 market fell by 14.1 p.c. This market state of affairs is because of slower demand from the industrial market, as authorities tender fulfilments, companies, and companies primarily drive copiers and laser printers.
“As the general area noticed increased inventory in key markets, IDC anticipates a softened restoration in the direction of the latter half of 2024. Residence and SMB customers proceed to drive the adoption of ink tanks, which have been adopted in industrial markets too,” says Leonard Adiarto Sudjono, Senior Analysis Analyst at IDC Asia Pacific.
