The Recycler Issue 333

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GLOBAL IDC, Page Volume, Market Research
IDC forecasts sharp decline
in page volumes
IDC forecasts a sharp decline in page volumes printed on office and home
devices in 2020 as COVID-19 affects the document printing market.
Worldwide page volumes printed from
office and home devices will see a sharp
decline in 2020 as COVID-19 changes
where and how work is done. New research
from International Data Corporation (IDC)
forecasts page volume will fall 13.7% in
2020, from 3.2 trillion pages in 2019 to 2.8
trillion pages in 2020 (baseline scenario).
While the market is expected to bounce back
slightly in the years ahead, page volumes
are now forecast to see a compound annual
growth rate (CAGR) of -4.8% over the 2019-
2024 forecast period, which is notably lower
than the 2015-2019 CAGR of -1.2%.
Worldwide Historical and Forecast Page Volume
Growth Rates, 2015-2024
2015-2019
CAGR
2019-2020 Year-
Over-Year Growth
2019-2024
CAGR
-1.2% -13.7% -4.8%
Source: IDC Page Volume Program, Baseline Scenario Forecast,
June 2020
In the near term, IDC says, page volumes
are expected to experience a sharp decline
in every region this year due to the impact
of COVID-19. The contraction will range
from -7% to -17% with North America and
Asia/Pacific (excluding China and Japan)
expected to decline most dramatically,
while China will have the most conservative
reduction in print volume.
"The dramatic and sudden transition
to work from home in many of the world's
largest economies had a direct impact on
office device print volumes," said Ilona
Stankeova, Senior Research Director,
Imaging Devices & Document Solutions,
IDC Europe. "More than 6 million pages
were printed every minute globally in 2019.
This amount covers the area of 54 football
pitches. COVID-19 is expected to remove
print volume that would fill the area of 7
football fields every minute in 2020."
In addition to a baseline forecast, IDC
provides forecasts based on optimistic and
pessimistic scenarios. In the optimistic
scenario, the five-year CAGR for worldwide
page volume will be -3.2%. In the pessimistic
scenario, the worldwide page volume CAGR
will be -6.6%.
"The decline of office print volume will
have a big impact on total spending in the
office print market. Hardcopy peripherals
vendors will be required to make bold
changes to their strategies based on future
workstyles in the next normal following the
pandemic," said Eiji Ishida, Group Manager,
Imaging, Printing and Document Solutions,
IDC Japan.
IDC's Page Volume Programme quantifies
worldwide page volumes and install base
(units) for home and office devices and
includes segmentation by product (laser/
inkjet), product detail (colour/ mono)
product category (multifunction peripheral
(MFP), single function printer, single
function digital copier (SF DC)), device
format (A2/A3, A4), speed, supplies type
(OEM/non-OEM).
The core programme reports on
seven geographic regions and is further
customisable with country &/or custom
region definitions. Company and brand
share details are available for an additional
fee. The core programme includes a
supplemental powerpoint which annotates
key trends and provides qualitative market
insights to help accelerate customer use
of the dataset. ■
Issue 333
August 2020 15