Worldwide Hardcopy Peripherals Market Recorded Double-Digit Year-Over-Year Growth in 2Q of 2010

International Data Corporation (IDC (News - Alert))’s Worldwide Quarterly Hardcopy Peripherals Tracker reported that the worldwide hardcopy peripherals market experienced double-digit growth in both units and shipment value in the second quarter of 2010 (2Q10). The total market grew 20 percent year over year in 2Q 2010 to 29 million units while shipment value increased 14 percent year over year to $13.3 billion. This is the third consecutive quarter of year-over-year unit growth and the first double-digit growth for both units and shipment value since early 2000.

"We expect the market will continue to bounce back throughout 2010 but competition will remain strong and emerging markets will fare better than others," said Phuong Hang, program manager for IDC's Worldwide Quarterly Hardcopy Peripherals Tracker.

Unlike previous quarters, where color laser multifunction printers (MFPs) exhibited the highest year-over-year growth, 2Q10 marked the first quarter where monochrome laser MFPs posted a higher year-over-year growth than color laser MFPs, 39.7 percent and 33 percent, respectively. While HP dominates the total laser market with 2.8 million units shipped in the second quarter, Samsung (News - Alert) is the leader in both monochrome and color laser MFPs. On a year-to-year basis, Samsung's monochrome laser MFP shipments increased 54 percent to 500,777 and color laser MFP shipments grew 55% to 108,731 units over the same period.

Inkjet remains the dominant technology with 66 percent share in the overall hardcopy peripherals market. The segment grew 14 percent year-over-year, the highest growth since 4Q03, to more than 19 million units in 2Q10, 78 percent of which were inkjet MFPs.

The laser market increased 35 percent, the highest year-over-year growth among all technologies, to more than 9 million units in the second quarter The segment continues to be dominated by the top 5 vendors with more than 85 percent market share.

Monochrome laser devices accounted for 83 percent share of the total laser space, gaining 1 point from a year ago. The MFP penetration rate within the monochrome laser space has been oscillating around 37 percent for the past 5 quarters, the lowest rate of MFP penetration of all segments.

Losing one point to monochrome, color laser finished the quarter with 17.1 percent market share in the total laser space. The segment posted a 25.4 percent growth, the best year-over-year trend since 1Q07. Trailing printers by 8 points, MFP devices represent 46 percent of the color laser sector.

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In related news, IDC’s Worldwide Quarterly Server Tracker reported that factory revenue in the worldwide server market increased 11.0 percent year over year to $10.9 billion in the second quarter of 2010.