India's PC Market Declined for a Fourth Consecutive Quarter, Shipping 3.2 Million Units in 2Q23
August 17, 2023 | IDCEstimated reading time: 2 minutes
The India traditional PC market, inclusive of desktops, notebooks, and workstations, continued to struggle as it shipped 3.2 million units in 2Q23. Despite growing by 5.9% quarter-over-quarter (QoQ), it declined by 15.3% year-over-year (YOY) in 2Q23 (Apr-Jun), according to new data from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker.
In 2Q23, all the product categories declined YoY. While the volume driver notebook category declined by 18.5% YoY, the desktop category, which had been on a growth trajectory until last quarter, also declined by 7.0% YoY. Both the consumer and commercial segments were in the red, declining by 17.0% and 13.8% YoY respectively.
The education and government segments continued to drive the PC market while the enterprise segment continued to struggle. Government-driven education projects for a few states like Madhya Pradesh, Gujarat, and Tamil Nadu propelled the education segment, which grew by 43.7% YoY. The fulfillment of several state high court orders helped the government segment grow by 8.2% YoY. Premium notebooks (>US$1,000) declined by 30.7% YoY primarily due to very limited enterprise orders. However, there was some optimism as the premium notebook category witnessed a strong 39.0% QoQ growth. The online channel declined by 15.8% YoY but has started picking up and is expected to do well in next quarter.
“The India consumer PC segment has started showing signs of recovery as market sentiment is improving. Despite a YoY double-digit decline, it clocked a strong double-digit QoQ growth. PC vendors successfully ran college campaigns and got good traction. The improved performance of their e-tail channels has also provided much needed respite to the consumer segment,” said Bharath Shenoy, Senior Market Analyst, IDC India.
Top 5 Company Highlights: 2Q23
HP Inc. led the market with a share of 31.1% in 2Q23 anda strong showing in both the consumer and commercial segments. While strong demand for gaming notebooks and good traction in brand stores helped the vendor to hold a share of 29.5% in the consumer segment, strong demand in government and education segments helped the vendor to hold a commercial share of 32.6%. It also witnessed a YoY growth of 9.5% in the SME segment.
Lenovo stood second with a share of 16.2% but declined by 30.2% YoY. It was third in both the consumer and commercial segments with a share of 13.0% and 18.9% respectively. The vendor, however, was second behind HP in the SME segment with a share of 25.8%.
Dell Technologies stood third with a share of 15.3%. The vendor was marginally ahead of Lenovo in the commercial segment as it held a share of 19.1% but held a meagre 11.0% share in the consumer segment. The vendor focused on profitability and stayed away from tenders where aggressive pricing is required. Also, it shipped lower volume as it restored channel inventory to a healthy level.
Acer Group stood fourth with a share of 11.4%. The vendor is faring much better in the desktop category as it came second behind HP with a share of 21.9%. It led the commercial desktop category with a share of 29.8% driven by increased demand from the government segment. It also witnessed strong demand in the consumer segment which eventually helped the vendor to grow in the total market by 8.2% YoY.
ASUS held fifth position with a share of 7.2%. With strong offline channel expansion, the vendor continued to do well in the consumer segment as it came second behind HP and ahead of Lenovo with a share of 14.8%.
Suggested Items
Amphenol Reports Q1 2024 Results, Announces New Stock Repurchase Program
04/26/2024 | BUSINESS WIREAmphenol Corporation reported first quarter 2024 results. In addition, the Company is announcing a new three-year, $2 billion stock repurchase program.
Chinese Smartphone Market Maintains its Recovery Momentum at 6.5% Growth in 1Q24,
04/26/2024 | IDCAccording to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, China smartphone shipments grew 6.5% year over year (YoY) to 69.3 million units in 1Q24.
Nanotechnology Market to Surpass $53.51 Billion by 2031
04/25/2024 | PRNewswireSkyQuest projects that the nanotechnology market will attain a value of USD 53.51 billion by 2031, with a CAGR of 36.4% over the forecast period (2024-2031).
Technica USA Presents Inaugural Supplier Alliance Award at IPC APEX EXPO 2024
04/24/2024 | Technica USADuring IPC APEX EXPO 2024, Technica USA took the opportunity to thank all of their supply partners that made the effort to join them for the exhibition in their booth, as well to all of our SMT partners that had their own booths, with the latest in automation and process technology.
IDTechEx Report Unveils 3D Electronics Status and Opportunities
04/22/2024 | PRNewswire3D electronics is an emerging manufacturing approach that enables electronics to be integrated within or onto the surface of objects. 3D electronic manufacturing techniques empower new features, including mass customizability, greater integration, and improved sustainability in the electronics industry.