Hardcopy Peripherals Shipments Increased 2.7 Percent in 1Q25

Hardcopy Peripherals Shipments Increased 2.7 Percent in 1Q25
Depositphotos

The global hardcopy peripherals (HCP) market grew year-over-year for the third consecutive quarter in 1Q25, according to IDC. The market recorded a 2.7% growth to approximately 19.4 million units shipped. Shipment value, on the other hand, saw a YoY decrease of 3.2% to roughly $9 billion.

Western Europe, one of the top three regions, increased 10.1% YoY while the US and China experienced declines of 3.9% and 8.9%, respectively. Positive gain in Western Europe was driven by the rise in color inkjet multifunction printers (MFPs) with ink tank systems. As sustainability rises as a key priority for consumers and businesses alike, ink tank printers are gaining prominence by minimizing waste through refillable ink systems.

Ink tank devices recorded their fourth consecutive quarter of global growth, highlighting sustained market momentum. This trend was consistent across all regions except the US and Japan, where adoption remains limited due to factors such as a stronger preference for laser and cartridge-based systems, slower channel transition, and entrenched consumer habits that favor traditional printing technologies.

All top five vendors (HP, Epson, Canon, Brother, and Pantum) showed increases, ranging from 1.3% to 14.0%. Much of the growth was driven by the rising popularity of ink tank devices, which offer cost efficiency and sustainability advantages. Vendors are actively promoting these systems by highlighting their reduced need for frequent ink refills. Although consumers face a higher initial purchase price, they benefit from significantly lower long-term ink costs.