Worldwide hardcopy peripherals (HCP) shipments increased 2.2% year-over-year in the first quarter of 2023, according to IDC.
Worldwide shipments of hardcopy peripherals grew 2.2% year over year to 22.8 million units in the first quarter of 2023 (1Q23). Shipment value also expanded 14.0% year-over-year during the quarter to $11.0 billion (€10.31 billion), according to new data from the International Data Corporation (IDC) Worldwide Quarterly Hardcopy Peripherals Tracker.
Notable highlights from the quarter include:
Improved product availability, back-order fulfilment, and fewer restrictions on factory capabilities contributed to the year-over-year gains in both units and shipment value on the global level.
All regional markets, except Japan, recorded year-over-year gains in shipment value in 1Q23, with the United States leading the chart at 27.7% growth, followed by China (PRC) at 19.1% and Western Europe at 11.7%.
Improved inventory for some of the leading brands combined with the return to normal operations and pent-up demand to drive shipment value growth in the corporate sector and the A3 segment.
Three out of the top 5 vendors posted positive year-over-year unit growth in 1Q23 with Epson at 11.2%, Brother 16.0%, and Pantum 33.9%.
