The worldwide combined printer, copier and multifunctional product (MFP) shipments market totalled 51.3 million units in the first half of 2009, a 20.2% decline over first half of 2008 shipments, according to Gartner, Inc.
The emerging regions of Eastern Europe, Middle East and Latin America were the worst hit as shipments declined 41.8%, 28%, and 22.9%, respectively in the first half of 2009, Gartner said.
Office printing devices fuelled the overall decline in the global print market, with a 24.5% decrease in the first half of 2009.
The consumer inkjet products were less impacted by the global economic downturn, declining 17.3in the first half of 2009.
From a vendor perspective, Hewlett-Packard dropped at a faster pace than the overall market. HP lost 3.4 percentage points market share to total 40% market share in the first half of 2009 as it maintained a tighter control over its channel inventory levels amidst weakening demand, Gartner said.
to Daily News