Western Europe MFP Forecast, 2024-2028

"Despite some segment increases in 2023, the MFP market will continue to decline. It has suffered over recent years due to the COVID-19 pandemic as well as inventory and supply issues. Now, the market is in a period of economic uncertainty for both home and business markets," said Phil Sargeant, Senior Program Director, Imaging Hardware, and Document Solutions.

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

Market Context

• Drivers and Inhibitors
  • Drivers
    • Demand for Color Devices is Increasing Across all Industries
    • The Number of Subscription Services Available for Home and Businesses Will Increase
  • Inhibitors
    • The Weak Economic Situation is Leading to Reduced Investment in Print
    • Fewer Employees in the Office Will Reduce Demand for MFPs
    • Legislation on Recycling and Reuse Will Lead to Increased Costs for OEMs
• Significant Market Developments
• Changes from Prior Forecast

Market Definition

• General Notes
• Technology Definitions
  • Inkjet
  • Laser

Methodology

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