NEEDHAM, MA – Worldwide shipments of hardcopy peripherals decreased 12.3% year-over-year to 22.4 million units in the first quarter, according to International Data Corp.

Shipment value was down 10.6% year-over-year to $9.7 billion. Manufacturing constraints and logistic issues continued to be the main causes of the declining market.

Supply chain issues, a shortage of semiconductors, and a surge in price all contributed to the overall decline of the HCP market in the first quarter. The impact was broad, with contraction in all regional markets. The Asia/Pacific (except Japan and China) (APeJC) region recorded the smallest year-over-year decline (0.4%) due to strong demand from both the consumer and commercial segments.

Most countries were able to reopen all economic sectors and achieved slight recovery from the supply shortage.

Canon recorded the best year-over-year growth among the top four HCP companies, increasing unit shipments 2.7% to nearly 4.9 million units. The company's expansion was driven by double-digit gains in inkjet shipments, specifically in the under $100 price band.

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