Reports Indicate China and India Will Drive the Global PC Market Recovery in 2024
The Covid-19 pandemic impacted several areas of normal lives. People were bound in tehri homes in order to avoid the infection. Such lifestyle changes led to a surge in use of electronic devices. However, since the pandemic ended there have been a decline in sales of electronics gadgets. The computer market was the most impacted. Fortunately, it appears that this downturn is just temporary, as growth in the PC markets of China and India is anticipated by 2024.
According to Canalys, the PC market of China and India will grow significantly in the upcoming years. It is anticipated that the Chinese market would expand by 3% in 2024. By 2025, this increase is expected to pick up speed to 10%. The increased demand for PC upgrades in the commercial sector will contribute to wards this growth. Besides this, the tablet market of China is also expected to grow in 2024 and 2025. It is expected to witness a growth of 4% that will be contributed by expanding digitalization initiatives.
In a similar vein, the Indian PC market is anticipated to grow by a strong 14% in 2024. It includes desktops, laptops, and tablets. Reportedly, the market growth will be contributed by increased sales of tablets with a 24% YoY increase. Notably, desktop shipments increased by 27% in Q4 2023, with notebook shipments increasing by 3%, despite the anticipated improvement in overall shipments. It’s interesting to note that within the same time frame, tablet shipments from India decreased by 9%.
The main growth factors behind this market expansion are the increased use of AI-powered PCs as well as locally manufactured products. Both Chinese and Indian companies will benefit from this growth. Currently, in the Indian market, Samsung holds a 26% share. Lenovo and Apple hold 14.8% and 13.3% share, respectively. Things are different in China. The market is dominated by Lenovo with a share of 38%. Huawei and HP can be spotted on second position with 10% market share each.
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