Brief

Indian Printer, Copier and Multifunctional Product Market grew 36% in Q1 2010

The combined printer, copier and multifunctional product (MFP) market in India totaled nearly 0.8 million units in the first quarter of 2010, representing 35.7% growth over the first quarter of 2009, according to Gartner, Inc.

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

Ricoh, with 25% 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% market share.

Samsung, with 40% market share, was the leader in the A4 Flatbed category, ahead of Canon with 28% market share. In this segment, HP recorded a 36% decline in market share as compared to Q1 2009, declining from 30% in Q1 2009 to 13% in Q1 2010. This is mostly due to ongoing inventory issues and increased competition.

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