European printer market grew 16.2% in 2003

The combined European Printer, Copier and Multi-functional Product (MFP) market grew 16.2% in 2003, with shipments totalling 34.5 mil units, according to final results from Gartner Inc. Shipments in Q4 2003 totalled 11.8 mil units, a 16.4% increase compared to Q4 2002. The region recorded a healthy growth during Q4 2003, driven by strong demand for colour devices and multi-functional products. Eastern Europe performed particularly well and recorded a 24% growth, fuelling the European MFP market during Q4.