The combined serial inkjet and page printerinkjet and page printer, copier and multi-function product (MFP) market in India fell 4.7 per cent to 681,584 units in the second quarter of 2013.
Total end user spending in the second quarter fell 13 per cent to $235.4 million from the same period a year ago, according to a study by research and anlaysis firm Gartner.
The monochrome market posted a decline of 1.5 percent, and the colour market remained flat.
“Vendors continued to introduce new products in the country in order to meet the changing needs of different customer segments,” said Zalak Shah, research analyst at Gartner. “With the IT marketplace transforming, print providers are looking at offering integrated solutions and trying to expand to Tier-II and Tier-III cities of India.”
HP remained the market leader in the Indian printer; copier and MFP market, as its market share totaled 52 per cent, followed by Canon with 24 per cent share. Epson accounted for 9 per cent, while Samsung Electronics accounted for 8 per cent of the market in the second quarter of 2013.