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 Back to 2005 Press Releases
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Gartner Says Worldwide Printers, Copiers and Multifunction Products Shipments to Increase 8 Percent in 2005 |
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| Analysts Say Color Products Will Be Key Growth Segment for the Industry |
STAMFORD, Conn., August 17, 2005 — Worldwide printer, copiers and multifunction products (MFP) shipments are projected to surpass 124.7 million units in 2005, a 7.8 percent increase from 2004 shipments, according to Gartner, Inc. Worldwide revenue for these products is forecast to surpass $59.7 billion, up 4.5 percent from last year.
Gartner analysts said manufacturers are focused on transitioning their customers from monochrome devices to color. The color laser printer market and the color laser MFP segments will be the high growth areas.
"Vendors need a broad family of color products to replace the large installed base of monochrome printers, copiers and MFPs," said Peter Grant, research vice president in Gartner's Digital Document and Imaging group. "The monochrome to color transition will be a significant event, as large vendors fight to keep their installed base, while other vendors look to grow their business with color offerings."
Less than 6 percent of the pages printed in the office are color pages. While the color segment offers promising opportunities, manufacturers face the challenge of getting corporations to transfer to color devices.
"Businesses are concerned about the high cost per page for color, and they worry about losing control of high printing costs when migrating to color," Mr. Grant said. "Color is still a 'nice to have' feature, versus a 'need to have' option for many companies. However, photographs, color charts, graphics imaging, and the Internet are driving the need to print in color. Many documents lose their impact and message if they are not printed in color."
In the consumer segment, digital photography is driving demand for color devices. "Higher resolution cameras, more sophisticated users, and the desire to print in the home have many manufacturers improving their product offerings to provide easier to use, faster photo printers, and lower prices," Mr. Grant said.
Worldwide sales of printer, copiers and MFPs will continue steady growth through 2009. By the end of 2009, worldwide shipments are forecast to surpass 148.9 million units, while revenue will exceed $60.7 billion.
Additional information is available to subscribers of Gartner's Digital Documents and Imaging Worldwide program. This program provides insight into the market dynamics driving the document management input and output devices including, copiers, printers, facsimile machines, multifunction products, scanners, digital cameras and related software. The program delivers forecasts by major geographies, as well as detailed market trends and analysis. More information on this program is available on Gartner's Web site at www.gartner.com/it/products/research/asset_129161_2395.jsp.
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About Gartner:
Gartner, Inc. is the leading provider of research and analysis on the global information technology industry. Gartner serves more than 10,000 clients, including chief information officers and other senior IT executives in corporations and government agencies, as well as technology companies and the investment community. The Company focuses on delivering objective, in-depth analysis and actionable advice to enable clients to make more informed business and technology decisions. The Company's businesses consist of Research and Events for IT professionals; Gartner Executive Programs, membership programs and peer networking services; and Gartner Consulting, customized engagements with a specific emphasis on outsourcing and IT management. Founded in 1979, Gartner is headquartered in Stamford, Connecticut, and has over 3,900 associates, including more than 1,100 research analysts and consultants, in more than 75 locations worldwide. For more information,
visit www.gartner.com.
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