Indian inkjet and page printer, copier and multifunction product market posts 5.4% growth in Q4

Infotech Lead India: The combined serial inkjet and page printer, copier and multifunction product (MFP) market in India totaled 676,263 units in the fourth quarter of 2012, up 5.4 percent from the fourth quarter of 2011.
Gartner reveals that end user spending grew by 27 percent from the same period totaling USD $219.8 million. The fourth quarter of 2012 saw vendors concentrating on strengthening their channel partners by engaging them in more channel programs initiatives. Most vendors worked closely with the education and public sector units to win deals in both products and services.
HP led the Indian printer, copier and MFP market in the fourth quarter of 2012 with a total market share of 54 percent. Canon took the second spot with 21 percent share. Samsung had an 8 percent share and Epson accounted for 6 percent of the market share.
The Page A4 MFP segment grew 39.7 percent. HP’s shipments grew 56.6 percent, boosting its market share to 55.6 percent. Samsung had the second largest share with 21.2 percent and grew by 45.2 percent. Canon’s shipments declined 17.8 percent compared to the fourth quarter of 2011. The company accounted for 10.3 percent of the market.
Other providers aimed at the small and midsize businesses (SMBs) in 2012 and  introduced models which were well received in the market.
The Page A3 MFP segment grew by 19.8 percent compared to the fourth quarter of 2011. Canon led this market segment with 24.1 percent market share. Ricoh ranked No. 2, accounting for 17.8 percent market share. Konica Minolta held the third position with 14.5 percent market share. Canon and Ricoh did well in the mid segment with growth of 13.5 percent and 7 percent respectively. Konica Minolta continued to build upon high segment devices and grew 9 percent compared to the fourth quarter of the 2011.
The page printer market declined by 6.4 percent in the fourth quarter of 2012. HP led the market in this segment with 54.6 percent market share. Canon held a 27.6 percent market share and Samsung had 10.5 percent market share in fourth quarter of 2012.
 HP declined by 5.6 percent, Canon fell by 13.2 percent and Samsung declined by  12.4 percent compared to the fourth quarter of 2011.
Page printers in 31-40 ppm and 41-69 ppm segments performed well as they cater to small and medium organizations in India. They are well received in financial institutes, medical sectors, public sector units and hospitality sectors.