India’s Print Market Sees a 20.5% YoY Growth in 2Q22

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As per reports, the total registered shipments were 0.84 million units in 2Q22. This shows a 20.5% YoY growth, even though there was a decrease of 16.7% QoQ. The print market includes inkjet printers, laser A3/A4 printers and copiers, serial dot matrix printers, and line printers.

HP continues to be a leader with a 43.8% share while Epson and Canon took the second and third places respectively with a 24.3% and a 9.9% share. 

Bani Johri, Senior Market Analyst, IDC India said, “The color Laser copier shipments crossed the pre COVID level, having achieved 15.1% market share, the second highest in history. This comes at the back of the introduction of new color models at the end of 1Q22 accompanied by the Government’s growing appetite for the same. On the Laser printer based front, a gradual movement in the Color segment from 1-40 ppm to 40+ ppm speed range was observed following the shift in market demand, supplemented by lucrative schemes on high-speed printer-based color laser printers by the vendors.”


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