Revenues from sales of inkjet multifunction printers through European distributors have surged in recent weeks, but not enough to result in year-on-year growth in printer sales for Q2 2022, according to ç, the IT market intelligence company.
Inkjet MFP sales have also benefited from the scarcity of certain laser printer models and revenues have stood above the 100 baseline on the CONTEXT Revenue Trend Index (RTI) since Week 25 of 2022. (The baseline is the weekly average revenue for 2021.) Supply issues that were still having an impact at the start of this year are being addressed, order backlogs are clearing and, at the same time, there is substantially increased demand from the public sector. This is good news for the market as inkjet MFPs account for over 70% of sales by volume and almost 50% by revenue.
(Image courtesy of Brother UK)