Indian printer market grows further

The combined serial inkjet and page printer, copier and multifunction product (MFP) market in India totalled 666 859 units in the third quarter of 2011, a 2.4% increase over the year-ago period, according to research firm Gartner, reports The Economic Times.

“Business activities in the banking, financial services and insurance, manufacturing, IT and IT-enabled services sectors, and notably the government sector, lead to a growth of peripheral devices like printers and multi-functional devices,” Gartner research analyst Amrita Choudhury says.

Overall, HP, Canon, Epson and Samsung continued to be the top four vendors accounting for 93% of the total India printer market in the period under review.

With increasing penetration of the Internet, digital content is also growing tremendously, writes IIFL.

Print vendors are paying close attention to the needs of business, both small and large, and consumers are provided with a lot of choice at affordable prices.

The strong demand for A4 MFP continued in the quarter. HP led the A4 MFP segment with 58% market share, followed by Canon with 20.6%. Samsung and Epson contributed 7.6% market share each in the third quarter of 2011.

The A3 flatbed copier MFP segment grew 1.4% compared to the third quarter of 2010; Ricoh led the market with 23.2% market share, followed by Canon with 21.8%, and Sharp with 14% market share.