Sharp Sales Growth Highest Among Vendors in 2018

Sharp Electronics’ U.S. headquarters in Montvale, New Jersey.

According to Channel Pro, a recent report from market-research firm International Data Corporation (IDC) indicates that Sharp Corporation, which is owned by Foxconn, achieved the highest growth rate of any office-equipment vendor in 2018, selling 16 percent more copier/MFPs in  2018 compared to 2017.

Sharp also had a value growth of 9 percent, putting it among the top four manufacturers, according to IDC’s Quarterly Hardcopy Peripherals Tracker, Q4 2018 study.

The entire global market however declined 4.8 percent year-over-year to approximately 26.7 million units in the fourth quarter of 2018. HP Inc. reported a  3.6 percent increase in shipments for the fourth quarter, with a 1.9 percent increase in shipments for the entire 2018 year.

According to the IDC report, all other leading manufacturers posted a “significant decline.” Epson suffered the biggest losses, as its shipments were down 15.2 percent compared to the same quarter in 2017. The majority of growth was experienced in the Asia-Pacific (excluding Japan) and U.S. markets, rather than in Europe.

More Resources

%d bloggers like this: