IDC: Worldwide Large-Format Printer Shipments Enjoy Fourth Consecutive Quarter of Growth; Epson Makes Gains
According to the latest data from the International Data Corporation (IDC) Worldwide Quarterly Large Format Printer Tracker, the large format printer (LFP) market recorded year-over-year growth of 5.3 percent in the second quarter of 2014 (2Q14), with more than 77,000 units shipped. Shipment value, however, declined slightly to $786 million in the quarter, with year-over-year growth of -0.5 percent. The growth in unit shipments was driven by solid results for the top three vendors: Hewlett-Packard, Canon, and Epson.
Note that IDC tracks A2-A0+ devices in the LFP market. The LFP market includes single-function printers, as well as multifunctional systems (MFPs).
The top three regional markets posted year-over-year growth for the second consecutive quarter in 2Q14, with Western Europe leading the pack at 11.1 percent, followed by the United States at 6.2 percent, and Asia/Pacific (excluding Japan) at 3.7 percent.
“IDC expects the aqueous color inkjet market to grow at a single digit rate over the next two years. The technical segment of the large format printer market is the real driver of growth opportunity. The gains in the technical segment can be attributed to improved speeds and image quality,” commented Phuong Hang, program director for IDC’s, Worldwide Large Format Printer Tracker.
- The technical segment grew 2.1 percent year-over-year to 46,000 units shipped in 2Q14. It remains the largest application segment with 60 percent share of the total worldwide LFP market. All regions except Latin America recorded year-over-year unit growth in this large format category for 2Q14.
- The graphics application of the large format market is a driver of growth opportunity. This segment grew 10.3 percent year-over-year to more than 31,000 units shipped. Similar to the technical segment, all regions except Central Europe, the Middle East and Africa (CEMA) experienced year-over-year growth in this segment. Western Europe posted the greatest gains in both unit and shipment value, 23.4 percent and 14.6 percent, respectively.
- HP remains the global large format printer market leader with more than 30,700 units shipped and 39.9 percent share. Its year-over-year increase of 7.4 percent was helped by positive gains in the technical (5.7 percent) and graphic (18.0 percent) segments. HP continues to lead the technical market, with almost twice the unit shipments of its next competitor, Canon. HP also maintained its second place position in the graphics market behind Epson.
- Canon is the second ranked LFP vendor with more than 17,000 units shipped and 22.6 percent share. The vendor grew 5.8 percent year-over-year. This positive growth was driven by year-over-year gains in both the technical and graphics segments, 3.5 percent and 13.5 percent, respectively.
- Epson strengthened its number 3 position with 12 percent year-over-year growth, the best performance among the top-five vendors. The vendor recorded more than 15,200 units shipped and 19.8% share, up more than 1 point from a year ago. Its year-over-year growth of 12 percent was driven by significant growth of 16.5 percent in the graphics-application segment.
- Roland was the number 4 vendor in the worldwide LFP market with more than 2,700 units shipped in 2Q14. The vendor declined 2.9 percent year over year and held a 3.6 percent share of the overall market. Graphics application is Roland’s main market, which means the vendor’s year-over-year decline was driven by a decrease in the graphics segment.
- Ricoh rounded out the top 5 vendors with a 2.5 percent share of the worldwide LFP market with unit shipments declining -11.7 percent compared to a year earlier. The vendor holds the top 4 spot in the technical market, where it saw a -12.1 year-over-year decline.
Worldwide Large Format Printer Shipment Value, Market Share, and Year-Over-Year Growth, First Quarter 2014
2Q14 Shipment Value ($M)
2Q14 Market Share
2Q13 Shipment Value ($M)
2Q13 Market Share
Source: IDC Worldwide Quarterly Large Format Printer Tracker, August 28, 2014
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For more information about IDC’s Worldwide Quarterly Hardcopy Peripherals Tracker, contact IDC’s Phuong Hang at Phang@idc.com.