The latest report shared by International Data Group (IDG, Inc.), which is one of the most reliable world’s leading tech media, data and marketing services companies, has released a report on the Indian PC market. In that, it is being said that HP Inc. has continued to lead the overall PC market with a share of 33.8% in 1Q22 with shipments over 1.4 million units.
These are some amazing numbers that HP has posted in India and this PC market which is inclusive of desktops, notebooks, and workstations delivered another strong quarter (Jan-Mar 2022) shipping over 4.3 million units with a YoY growth of 37.7%.
The demand for PCs continued to stay strong across segments as people continued to procure PCs for remote learning and working. With the financial year-end in Q1 (Jan-Mar), the government segment witnessed a significant recovery. Enterprise and SME buying remained upbeat and grew 47.2% and 31.7% YoY respectively. Additionally, vendors tried to procure sufficient stock in anticipation of supply delays due to lockdowns in China.
While online channels had a share of 13.4% and witnessed YoY growth of 17.5%, offline channels witnessed the bigger spike as they grew by 41.4% YoY.
“The consumer segment stayed positive as it witnessed an impressive 27.9% YoY growth. While e-tail channels experienced good traction, the relaxation of COVID-19 related restrictions led to a surge in retail footfall as an increased number of people started buying PCs from offline stores, thereby leading to a strong consumer quarter,” said Bharath Shenoy, Senior Market Analyst, PC Devices, IDC India.
He added, “With schools and colleges opening up, vendors are likely to run back-to-school campaigns in Q2, which might extend consumer momentum. However, high inflation and rising device prices may dampen sentiment as consumers delay their purchases.”
HP continues to be the market leader in Indian PC Market in Q1 2022
HP shipped over 1.4 million units and continued to lead the overall PC market with a share of 33.8% in 1Q22. It did have the biggest ever consumer quarter in 1Q22 shipping close to 650k units with a share of 33.2%. It is followed by Dell which had a 19.4% share and is just competing against Lenovo which stands with a 17.6% market share.
Both Taiwan giants Acer and Asus retained their fourth and fifth positions respectively with 9.8% and 6.2% market share in 1Q22.
Here’s what HP India’s Ketan Patel, MD had to say:
“We sincerely thank our customers and partners for continuing to choose HP year after year. It is the trust that has helped us sustain our leadership in India’s PC market yet again. It gives us great satisfaction to empower the customers and enable them to engage digitally when they need the most- to work, learn, play and entertain. HP remains uniquely well-positioned on the back of a line-up that responds to the evolving needs of our customers.
An upswing in the PC market, owing to the hybrid model of working and learning has prompted the future. With PCs becoming the most dependable tech tools, we at HP will continue our focus on consistent insights based innovation and introduce products to address the evolving best in class experience to users from all segments”.
