The combined printer, copier and multifunctional product (MFP) market in India totalled nearly 0.7 million units in the fourth quarter of 2009, which represents 34.7 per cent growth over the fourth quarter of 2008 and 18 per cent growth compared to the third quarter in 2009, according to Gartner.

“This strong growth is the result of improving buyer confidence in the market,” said Mr. Vishal Tripathi, principal research analyst at Gartner. “Smaller towns and cities outside of the major metropolitan cities, and small and medium businesses, were the growth drivers.”

Most vendors experienced significant growth in shipments year-on-year in the fourth quarter of 2009. Canon led with a 120 per cent increase, followed by Samsung with 55 per cent and HP with 29 per cent growth. Other than Toshiba and Xerox, all others vendors registered growth in the Indian Market in the fourth quarter of 2009.