Recently, IDC released a report on global printer shipments for the third quarter of 2022, revealing the latest trends in the printing industry. According to the report, global printer shipments reached 21.2 million units during the same period, a year-on-year increase of 1.2%. Additionally, total shipments soared to $9.8 billion, a massive 7.5% year-over-year increase. These figures reflect the continued resilience and strength of the printing industry, especially in the wake of recent challenges in the global economy.
China is one of the regions with outstanding performance in printer shipments, among which inkjet equipment increased by 58.2% year-on-year. This impressive growth played a major role in driving the overall increase in printer shipments in the country. In addition, the Asia-Pacific region (excluding Japan and China) also showed significant growth, with printer shipments increasing by 6.4% year-on-year. These regions outperformed all other regional markets, confirming their status as significant players in the global printing industry.
The remarkable growth in printer shipments is largely due to a steady recovery in printing activity across industries. Printing demand in the commercial sector, including logistics, manufacturing, government, and financial institutions, has picked up significantly. As these industries return to pre-pandemic levels of operations, the need for reliable, efficient printing solutions has increased significantly. Surging demand coupled with advancements in printer technology drove the year-on-year growth in the China and Asia Pacific markets.
Moreover, innovative developments in inkjet devices have further boosted the performance of the printer market. Inkjet printers are becoming increasingly popular for their versatility, cost-effectiveness, and high-quality output. Businesses across industries have recognized the advantages of inkjet technology, driving the demand for these printers to new heights. With printers becoming an essential part of businesses' daily operations, it's no surprise that China's inkjet equipment market has grown significantly year-over-year.
Laser printers remain the first choice for a wide range of customers due to their speed, precision, and durability. However, inkjet printers continue to gain traction, especially in the consumer space, for their affordability and versatility. A variety of printer options are available, including multifunction printers, wireless printers, and photo printers, ensuring customers can find a printing solution that fits their specific needs.
With the growth of the global printer market, manufacturers and industry players are keen to tap emerging opportunities and meet the changing demands of customers. Key players in the industry are investing heavily in research and development to introduce cutting-edge technologies and innovative features. For example, the integration of artificial intelligence and machine learning capabilities in printers is revolutionizing industries, enhancing automated processes, and streamlining workflows. These advancements will further drive the growth of the printer market in the coming years.
All in all, the global printer shipments report for the third quarter of 2022 highlights the resilience of the printing industry. Printer shipments reached an impressive 21.2 million units, an increase driven by continued industry growth and a solid recovery across business segments. The growth is further supported by the excellence of inkjet equipment in China. As the market continues to evolve, manufacturers are embracing technological advancements to meet the changing needs of customers. The future of the printing industry appears promising, with stakeholders optimistic about the industry's potential for further expansion and innovation.
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Post time: Jul-04-2023