Worldwide Single-Function Printer Forecast, 2020-2024

This IDC study covers worldwide printer market opportunities and analyzes issues, trends, and product advances. It contains 2014-2019 data showing actual unit shipments, value of shipments (end-user spending), and average selling value (ASV). 2020-2024 data is projected. This forecast is consistent with IDC's 3Q20 Worldwide Quarterly Hardcopy Peripherals Tracker."The single-function printer (SFP) market has been battered by COVID-19 in 2020. As newly home-based workers have opted overwhelmingly for multifunction printers (MFPs) in lieu of SFPs, consumer purchasing has been insufficient to overcome weaker office demand. While 2021 will bring increased office purchases, the SFP market remains a mature market in decline, as MFPs continue to chip away at their market share. Still, we still expect SFPs to retain a sustainable position in the market. They offer a lower-cost printing option than MFPs with multiple document functions that may not always be desired by the customer." - Geoffrey Wilbur, research manager, Print Industry Forecasts

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

Market Context

• Drivers and Inhibitors
  • Drivers
    • COVID-19 Accelerated the Shift Toward an Increasingly Remote Workforce
  • Inhibitors
    • Multifunction Printers Overtaking the Printing Market
    • COVID-19-Driven Business Closures Suppress the Office Printer Market
    • Changing Printing Habits Accelerated by COVID-19
    • Market Saturation
• Significant Market Developments
  • COVID-19
• Changes from Prior Forecast

Market Definition

• Printer Technology Definitions
  • Inkjet
  • Laser
• Subsegmentation

Methodology

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