Indian PC Market Report: Q1 2024 Growth Trends, Leading Brands, and Market Dynamics

Indian PC Market Report - Q1 2024 Growth Trends, Leading Brands, and Market Dynamics - Tech News - Updates - Electronics - Before You Take
Facebook
Twitter
LinkedIn
WhatsApp
Telegram
ADVERTISEMENT

 

The Indian PC market has experienced a noteworthy growth of 2.6 percent year-over-year (YoY) in the first quarter of 2024, marking a total shipment of 3.07 million units, as reported by IDC. This growth trajectory has been influenced by various factors, particularly within different segments of the market.

 

 

 

Factors Driving Growth

 

Desktop and Workstation Categories: The desktop and workstation segments have shown robust growth rates of 10.1 percent and 2.7 percent YoY, respectively. This indicates sustained demand and utility in these categories.

 

Notebook Category: Contrarily, the notebook category saw a slight decline of 1.7 percent YoY, reflecting shifting consumer preferences or market dynamics.

 

Premium Notebooks: Notably, there has been a surge of 21% YoY in the sale of premium notebooks, defined as those priced over US $1,000. This points to a specific consumer segment willing to invest in high-end computing solutions.

 

Consumer Segment Growth: The consumer segment has witnessed a healthy growth of 4.4% YoY, attributed partly to strategic sales activities and diverse product offerings in the market.

 

Market Performance by Company

 

HP Inc.: Leading the market with a substantial 30.1 percent share, HP has maintained its stronghold in both the consumer and commercial segments. Despite a slight decline in shipments, HP continues to lead in desktops and notebooks.

 

Dell Technologies: Securing the second position with a 17.5 percent share, Dell showcased notable growth in the commercial segment, particularly driven by government orders. This reflects Dell’s success in catering to institutional demands effectively.

 

Acer Group: Positioned at third place with a 15.4 percent share, Acer demonstrated commendable performance in the commercial sector, emphasizing its strength in e-tail channels and consumer-oriented strategies.

 

Lenovo: Despite a slight decline in market share, Lenovo maintained a competitive stance, especially in the consumer segment. Its performance in the SMB segment showcases strategic positioning and growth potential.

 

Asus: Holding the fifth position with a 5.9 percent share, Asus navigated through market challenges, focusing on inventory adjustments while maintaining relevance in the consumer notebook category.

 

Future Outlook

The Indian PC market’s performance in Q1 2024 sets a tone of resilience and adaptability. While certain segments experienced declines, overall growth indicates a steady trajectory. Vendors’ strategies in addressing changing consumer needs, technological advancements, and market dynamics will play a crucial role in shaping the market’s future landscape.

 

 

Follow Before You Take on Facebook | Twitter | WhatsApp Channel | Instagram | Telegram | Threads | LinkedIn, For the Latest Technology News & Updates | Latest Electric Vehicles News | Electronics News | Mobiles News

We will be happy to hear your thoughts

Leave a reply

Also, Read

ADVERTISEMENT

Latest News

ADVERTISEMENT
Deal of the Day
ADVERTISEMENT

Related or Latest Posts

ADVERTISEMENT
Deal of the Day
ADVERTISEMENT

Mobiles | Tablets

ADVERTISEMENT

Laptops | Desktops | Monitors

ADVERTISEMENT

Smartwatches | Smart Rings | TWS Earbuds

ADVERTISEMENT

Latest Electric Vehicles News

ADVERTISEMENT

Televisions | TV Sticks | Projectors

ADVERTISEMENT

Speakers | Soundbars | Headphones | keyboards | Mouse

ADVERTISEMENT

Power Banks | Wireless Chargers | Trimmer

ADVERTISEMENT

Air Fryers | Electric Kettles & Heaters | Vacuum Cleaners

ADVERTISEMENT

Refrigerators | Microwave Ovens | Water Purifier

ADVERTISEMENT

Cameras | Drones

ADVERTISEMENT

IT Industry | Business News

ADVERTISEMENT

Latest Space News & Updates

ADVERTISEMENT

Latest OTT Releases

ADVERTISEMENT

New Launches | Informative News | Software Updates

ADVERTISEMENT