India’s PC market inclusive of desktops, notebooks, and workstations posted a marginal 0.3% YoY growth in 2022 to 14.9 million units, after a steep YoY decline of 28.5% in the fourth quarter, new data from the International Data Corporation (IDC) shows.
The IT market intelligence group attributed the slowdown to inventory challenges, rising inflation and low consumer sentiment resulting in softened demand for PCs.
HP led the top five PC vendor market with a 30.2% share (4.5 million units shipped) in 2022, thanks to strong demand from global accounts and the government segment. Although its desktops and workstations witnessed significant YoY gains, its notebooks declined.
Dell held on to second place despite falling 18.5% YoY. The vendor did well in the commercial segment but dropped to 12.5% in the consumer segment.
Third-placed Lenovo had a shoulder tussle with Dell as it grew 3.1% YoY in 2022 to reach 2.8 million, an 18.9% share of the market, nearly reaching Dell's 2.9 million – thanks to the upgrowth in both the consumer and commercial segments despite undergoing an inventory correction in 4Q22.
Acer held the fourth position behind Lenovo with a share of 9.9% while Asus took the fifth position with a share of 6.8%. The vendors grew 21% and 15.5% YoY respectively in 2022 – with Acer being driven by strong demand for commercial desktops and Asus by a significant growth in the demand for consumer notebooks.
Meanwhile, Apple, which made an entrance into the Indian PC market in 2022, managed to break into the top 5 vendors in the fourth quarter of the year.