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HP leads Indian large format printer market in Q1 2018

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New Delhi, May 21 (IANS) HP Inc. has emerged as the leader in the Indian large format printer (LFP) market with 37.7 per cent share as the segment posted strong growth in the first quarter of 2018, market research firm International Data Corporation (IDC) said on Monday.

A large part went to several other brands that cumulatively had 26.9 per cent market share with Epson and Canon having 20.4 per cent and 7.9 per cent market share respectively.

According to IDC Asia/Pacific Quarterly Large Format Printer Tracker, the LFP market in India grew 11.7 per cent quarter-on-quarter and 38.5 per cent year-on-year in the first quarter of this year, with shipments reaching at 2,954 units.

“With the growing environmental concerns, new media and increasing applications graphics market in India is moving towards environment-friendly products even if they are priced high. This quarter witnessed more installation of UV and other high-end LFPs as compared to previous quarters,” Pankaj Chawla, Research Manager, IPDS at IDC, said in a statement.

Shipments in the large format computer-aided design (CAD)/technical printer market segment grew 17.7 per cent quarter-on-quarter and 55.2 per cent year-on-year, driven by strong growth in single-pass CAD inkjet printers in the large format, aqueous-based printer segment.

On the other hand, shipments on the graphics side were up by 7.6 per cent quarter-on-quarter and 28.3 per cent year-on-year. Though solvent printers dominate the total graphics market but aqueous, UV and Latex were key drivers of this growth.

In CAD printers segment, HP Inc. remained market leader with unit market share of 68.5 per cent followed by Canon and Epson.

Solvent printer market dominated the graphics market in India by capsizing over 40 per cent share in the market. Aqueous market posted quarter-on-quarter growth of 72.8 per cent and year-on-year growth of 227.5 per cent. UV market posted quarter-on-quarter growth of 48.9 per cent and year-on-year growth of 84.2 per cent.

In terms of vendors’ ranking, Epson remained overall market leader in graphics segment, followed by HP, IDC said.

–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

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World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

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