HP: India PC market data largest quarter ever: How HP, Dell, Lenovo and others fared

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HP: India PC market data largest quarter ever: How HP, Dell, Lenovo and others fared

The Indian conventional PC market, which incorporates desktops, notebooks and workstations, reached 4.5 million models within the third quarter of 2023 (3Q23), making it the most important quarter ever, a report stated. The shipments had been up 14% year-over-year (YoY) because the pocket book class grew by 13.1% YoY, whereas the desktop class grew by 19.3%.
In keeping with the Worldwide Knowledge Company (IDC) Worldwide Quarterly Private Computing Gadget Tracker, whereas the business section was flat, the patron section grew by 26.3% YoY.
It stated {that a} portion of the Gujarat training mission materialised in 3Q23 helped in driving the training section’s development of 117.5% YoY. Moreover, the e-commerce channel grew 26.4% YoY after 4 consecutive declines as e-tailers equipped for pageant gross sales.
“The buyer section noticed sturdy traction in 3Q23 after a difficult previous 4 quarters. In August, the Authorities of India declared a compulsory requirement of import licenses for PCs from October thirtieth,” stated Bharath Shenoy, senior analysis analyst, IDC India.
The choice, nevertheless, was later placed on maintain however distributors shipped vital channel stock to keep away from any dangers of provide shortages or value hikes, Shenoy stated, including that this helped them to make sure adequate provides for pageant season gross sales.
High 5 firm highlights
HP led the market with a share of 29.4%, topping the charts in each the business and client segments with shares of 34.3% and 25.9% respectively. It noticed good traction within the training and authorities segments, which helped the seller develop by 33.5% YoY within the business section.
Lenovo grabbed the second spot with a share of 17% however its shipments fell 8.8% YoY. Lenovo, nevertheless, fared nicely within the desktop class with a YoY development of 32.5% in 3Q23.
Dell Applied sciences was on the third spot with a share of 14.6% with a YoY development of three.8%. The seller was marginally behind Lenovo within the business section with a share of 20.8% whereas it witnessed a 68.5% YoY development within the client section.
Asus moved to fourth place with a share of 12.5% and the Taiwanese firm had its largest client quarter ever because it shipped greater than 5,00,000 models within the section for the primary time. It loved a 42.9% YoY development within the client section whereas its business section grew by 69.9% YoY.
Acer slid to fifth place behind Asus with a share of 11.6% regardless of a powerful YoY development of 20.9%. Whereas the seller witnessed a 6.7% YoY decline within the business section, its client section grew by 75.7% YoY.
“Up to now few months, the PC market has seen a considerable channel push within the client section and to some extent within the SME section as nicely. The distributors are actually centered on growing their native meeting combine as authorities and training tasks are anticipated to choose domestically assembled gadgets,” stated Navkendar Singh, affiliate vp, Units Analysis, IDC India, South Asia & ANZ.
He added that this may give an extra increase to the federal government and training segments and the enterprise section is predicted to say no by over 20% YoY in 2023.