The combined serial inkjet and page printer, copier and multifunction product (MFP) market in India totaled 715,202 units in the second quarter of 2012, a 6.8 percent increase from the second quarter of 2011, according to Gartner, Inc. Total end user spending stood at USD $208.1 million, up 35 percent from the same period last year.

“MFP growth in India has been driven by the Banking, Financial Services and Insurance, Education and Government sectors,” Amrita Choudhury, Research Analyst at Gartner. ”Print vendors introduced various new models in the market, especially in the 11-20 ppm, 21-30 ppm, and 31-40 ppm segment. Serial inkjet and page technology for both color and monochrome printers and MFPs were well received. The market also gained some traction in the high speed segment, often used by large publishing houses or organisations to print their outbound communications e.g. brochures, marketing collaterals, etc.”

HP remained the leader in the India printer, copier and MFP market, as its market share totaled 51 percent in the second quarter of 2012, followed by Canon with 23 percent market share. Both Epson and Samsung accounted for 8 percent of shipments.

The Page A4 MFP segment grew 54.1 percent in the second quarter of 2012.The top three providers in the segment are HP with 48.2 percent market share, followed by Samsung with 22.7 percent market share, and Canon with 13.7percent market share.

The Page A3 MFP segment increased 31.7 percent compared to the second quarter of 2011.Canon led the market with 28.9 percent market share, followed by Konica Minolta with 19.7 percent, and Ricoh at 12.8 percent market share compared to the second quarter of 2011.

The page printer market was fairly stagnant in the second quarter of 2012. It had a growth rate of 2.1 percent compared with the second quarter of 2011. HP dominated the market with 48.8 percent market share, followed by Canon at 34.7 percent market share, and Samsung with 10.1 percent market share in second quarter of 2012. Although the printer market is primarily dominated by monochrome printers, color printer adoption grew 4.1 percent coming from the home market, and 2 percent in monochrome printers due to sales in the small and mid sized business, compared with the second quarter of 2011.

The inkjet printers market declined 7.2 percent compared to the second quarter of 2011. HP witnessed a shipment decline of 23.6 percent, and accounted for 50.8 percent of the market. Epson had a shipment decline of 8.8 percent, and had 30 percent market share. Canon improved its shipments in the inkjet division and had a growth rate of 136 percent compared to the second quarter of 2011, contributing to 18.8 percent of market share.