Publication date: 16 May 2024
IDC: India PC Market Grew 2.6% YoY in 1Q2024 with 3.07 Million Units Shipped
Contact
For more information, contact:- Miguel Carreon Email: mcarreon@idc.com
- Michael De La Cruz Email: mdelacruz@idc.com
- Bharath Shenoy Email: bshenoy@idc.com
INDIA, 16 May 2024 – According to recent data from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker, India’s traditional PC market (inclusive of desktops, notebooks, and workstations) shipped 3.07 million units in 1Q2024, up 2.6% year-over-year (YoY).
The desktop and workstation categories grew by 10.1% YoY and 2.7% YoY, respectively, and notebooks declined by 1.7% YoY. Even with reduced demand for notebooks, premium notebooks (>US$1,000) grew by a healthy 21% YoY.
In 1Q2024, the consumer segment grew by 4.4% YoY due to low volumes in 1Q23 and some demand coming from e-tail channels during Republic Day sales in January. The commercial segment grew by 1.3% YoY on the back of 56.9% YoY growth in the government segment despite a decline in enterprise orders.
“The consumer segment had a third consecutive quarter of YoY growth. However, the demand softened from the high double-digit growth in the previous two quarters to under 5% growth. Vendors focused on clearing inventory, while a few vendors faced shipment delays leading to lower than expected sell-in,” said Bharath Shenoy, Research Manager, IDC India & South Asia.
Top 5 Company Highlights: 1Q24
HP Inc. led the market with a share of 30.1% in 1Q24 as it topped the charts in both commercial and consumer segments with shares of 32.4% and 26.9% respectively. HP continued to lead in both desktop and notebook categories with 28.9% and 30.4% shares respectively. However, its shipments declined by 8.8% YoY due to reduced enterprise orders and consumer shipment delays.
Dell Technologies was a distant second to HP Inc. with a share of 17.5% in 1Q2024. It, however, fared well in both commercial and consumer segments with a growth of 32.1% YoY and 20.7% YoY respectively. Dell had one of its best quarters in the commercial desktop category shipping 155k units, up 54% YoY, helped by government orders.
Acer Group stood third with a share of 15.4%. It did well in the commercial segment in both desktop and notebook categories, growing by 19.9% YoY and 32.0% YoY, respectively. Its consumer segment grew by 51.7% YoY, driven by good momentum in e-tail channels.
Lenovo stood fourth with a share of 15.1% and a decline of 1.3% YoY in 1Q2024. While it was second behind HP in the consumer segment with a share of 13.5%, it stood fourth in the commercial segment with a share of 16.3%. The vendor struggled in the government segment but fared well in the SMB segment, second behind HP with a share of 22%, growing by 9.4% YoY.
Asus held fifth position with a 5.9% share and a YoY decline of 8.3%. It stood second in the consumer notebook category ahead of Lenovo, with a share of 16.5%. The vendor focused on inventory correction in 1Q2024.
Commenting on the outlook, Navkendar Singh, Associate Vice President, Devices Research, IDC Asia/Pacific, said, “The PC Market in India is facing challenges in the commercial segment due to reduced PC procurement from the IT/ITES sector and global accounts which traditionally drive significant volumes. The market is expected to start recovering by the end of 2024 with refresh buying from the enterprise segment. The vendors have also fast-tracked the local assembly of commercial notebooks, which will help in reducing the imports in the next few quarters.”
Notes:
• Shipments include shipments to distribution channels or end-users. OEM sales are counted under the company/brand under which they are sold.
• Enterprise segment refers to all companies with 500 and above employees, and SMBs are referred to companies below 500 employees.
• Traditional PCs include Desktops, Notebooks, and Workstations and do not include Tablets or x86 Servers. Detachable Tablets and Slate Tablets are part of the Personal Computing Device Tracker but are not addressed in this press release.
-Ends-
For more information about this report, please contact Bharath Shenoy , Research Manager, Devices Research at bshenoy@idc.com . For media inquiries, please contact Michael de la Cruz at mdelacruz@idc.com or Miguel Carreon at mcarreon@idc.com . You can also follow IDC India’s Twitter and LinkedIn pages for regular updates on IDC’s research & events.
About IDC Trackers
IDC Tracker products provide accurate and timely market size, vendor share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools and research processes, IDC's Trackers are updated on a semiannual, quarterly, and monthly basis. Tracker results are delivered to clients in user-friendly Excel deliverables and online query tools.
About IDC
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,300 analysts worldwide, IDC offers global, regional, and local expertise on technology, IT benchmarking and sourcing, and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group (IDG), the world's leading tech media, data, and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights.
All product and company names may be trademarks or registered trademarks of their respective holders.