Worldwide MFP and Printer Forecast, 2024-2028

This IDC study quantifies the worldwide multifunction and single-function printer market opportunity in detail, analyzing issues, trends, and product advances in this market. Unit shipments, value of shipments, and average selling value (ASV) information is presented. Data for 2021-2023 is actual, whereas data for 2024-2028 is projected. This forecast is consistent with IDC's 3Q24 Worldwide Quarterly Hardcopy Peripherals Tracker."The hardcopy peripherals market has struggled through an uncertain economic outlook in 2023 and 2024. As more economic certainty returns, printer and MFP shipments are expected to return to more modest annual declines throughout the forecast period. Even in a slowly declining market, growth opportunities exist, particularly in the color laser segment and, geographically, in emerging markets." - Geoffrey Wilbur, research manager, Imaging, Printing, and Document Solutions at IDC