Seiko Epson Corporation announces that their cumulative global sales of Epson’s high-capacity ink tank inkjet printers have reached 30 million units.
Epson first launched high-capacity ink tank inkjet printers in October 2010 in Indonesia. The company had by the end of FY2017 (ended March 2018) introduced the printers in about 150 countries and regions, with growth in emerging economies causing the proportion of high-capacity ink tank products in the overall inkjet printer market to grow annually. Epson has continued to maintain the number one share of the market in these products due to its strong brand recognition in the market and its abundant lineup. The number of global high-capacity ink tank products sold from 2010 to 2017 has exceeded the sales in numbers. This is based on IDC Worldwide Quarterly Hardcopy Peripherals Tracker 2018Q1.
In Financial Year 2018 (ending March 2019), Epson will further accelerate the shift from conventional ink cartridge models to high-capacity ink tank models with the aim of establishing the latter as the inkjet printer mainstream. In both emerging and advanced economies, the company will also continue to promote the replacement of laser printers with high-capacity ink tank inkjet printers by enhancing its lineup with products, with overwhelming cost performance and enhanced easy-of-use. Through these efforts, Epson plans to sell 9.5 million high-capacity ink tank products in FY2018 - an increase of 20% compared to the previous fiscal year. This is expected to account for about 55% of total Epson inkjet printer sales.
Jason Whiley, director of sales, Epson Middle East, commented, “High-capacity ink tank inkjet printers allow the users to print faster and get a great quality pictures with low cost. We are focused on inkjet printers because, they are easier to maintain than laser printers. We will keep improving our Ink tank printers to serve a high-quality product to our customers.”
It should also be noted that Epson is frequently releasing many products to the industry.