Demand for multi-function printers, which have serial inkjet, copier, and page printer is decreasing in the Indian market. According to Amrita Choudhary, Gartner research analyst, Data’s showed that in the second quarter of 2011, there was a decline in the printers market by 0.8%.
It is believed that the reason for this decline in the printer market is the skepticism of the global market. Fluctuating U.S. economy and the debt crisis that occurred in the European countries has affected the Indian economy badly. Gartner added that as a result of these things “Economic activities slowed down slightly and printer equipment purchases as a discretionary spend were affected.” . India’s abnormal high inflation also adds up to the low spending on printing devices.
In the second quarter of 2011, HP, Canon, Epson and Samsung were the top vendors in the printer market, which had 92% of the total share in the printer market. HP topped the position in copier and multi-function products (MFP) market by acquiring 53.15% of the shipment, while Canon followed by 22.9%, Samsung accumulating 8.5%, and Epson with 7.7% market share.
HP was also the leader in the A4 MFP segment with 58.3%, while Canon acquired 20.7% share, Samsung 7.4%, and Epson 5.3%.
But by the third quarter of 2011, Canon took the top spot in the A3 flatbed copier MFP segment with 27.7%, Sharp in the second spot with 15.3%, Xerox with 13.7$, and Toshiba with 13.44 market share.
Amrita Choudhury said, “Overall, the Indian print market is seeing a paradigm shift from a single function to a multifunction device."
To overcome the falling market conditions of printers and other computer peripherals, it is very necessary to have stable market conditions all over the world. We can only hope that the market conditions get back to normal sooner.