PC Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Education PC Market Growth and is Segmented by Type (Laptops, Desktop PCs, All-in-one stations, and Tablets) and by (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

PC Market Size

PC Market Summary
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Study Period 2021 - 2029
Market Size (2024) USD 204.07 Billion
Market Size (2029) USD 315.42 Billion
CAGR (2024 - 2029) 9.10 %
Largest Market North America
Market Concentration Medium

Major Players

PC Market Major Players

*Disclaimer: Major Players sorted in no particular order

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PC Market Analysis

The PC Market size is estimated at USD 204.07 billion in 2024, and is expected to reach USD 315.42 billion by 2029, growing at a CAGR of 9.10% during the forecast period (2024-2029).

In the forecast period, robust internet penetration and the reopening of schools, colleges, and offices are expected to pull up demand for personal computers across the world.

  • Last year was a turning point in the history of the personal computer industry, firmly cementing the PC's position at the core of work, education, and pleasure. Given the persistent cloud of supply restrictions, the market's outstanding double-digit growth over 2020 says a lot about how robust PC demand has been over the last 12 months. From a long-term perspective, the biggest changes in the last year were the significant growth in PC consumption rates and penetration.
  • With overall shipments of approximately 21.7 million PCs, Lenovo dominated the PC market in Q4 last year. It was also the largest shipper for the entire past year, reaching a record 82.1 million units, an increase of 13.1% over 2020. With Q4 shipments of 18.7 million units, HP positioned itself second, an increase of 9.5% over 2020. With 17.2 million units sold and an 8.9% phenomenal growth rate in Q4, Dell, which came in third, saw its market share rise by more than 1%.
  • However, consumers are primarily concerned about worsening inflation, and spending on PCs and other equipment needs to catch up with more fundamental needs due to price rises across various goods and services. Although businesses are also concerned about the risks of inflation and rising interest rates, investing in PCs and IT in general is still essential for digital transformation as part of the post-Covid recovery.
  • Laptops are useful, lightweight, and convenient to transport. Many individuals only buy laptops due to their smaller size, which allows them to use them for work either on a desk or anywhere else in their houses. The global demand for laptops is expected to hold much of the share in the global market.
  • The world's need for tablets, laptops, and PCs rose during the COVID-19 pandemic. Social isolation and international laws governing remote employment have increased the need for networking equipment. Although the demand for personal computers has decreased as restrictions are gradually lifted and workplaces and institutions reopen, several organizations are shifting to permanent work-from-home, or hybrid, models post-COVID, thereby increasing the need for PCs across markets.

PC Market Trends

This section covers the major market trends shaping the PC Market according to our research experts:

Laptop Demand Boosting the Market

  • Rapid digitalization encourages people to use portable devices more often, such as laptops, to enhance work and educational processes. Due to their excellent qualities, such as their slim appearance and low weight, laptops are becoming increasingly popular globally. Also, the market mainly expands on the back of business sector expansion.
  • The pandemic has increased demand for global online gaming platforms.Consumers are coming up with demands for high-technology, fast gaming laptops that can be easily carried anywhere. At present, laptops with high-resolution and wide displays are very popular among gamers. Gaming laptop manufacturers such as Razer, Asus, Lenovo, and others are constantly developing new models to meet changing customer demands.The increasing trend of gamers' spending is expected to impact the market in the near future positively.
  • The most widely used laptop brands are Lenovo, Dell, and HP; together, they ship approximately 60% of all laptops sold globally. Since 2018, Lenovo has had the largest market share of any other company. HP is Lenovo's strongest rival in the global laptop market. Apple's shipments of desktop computers and laptops increased by 28% in the last year.
  • The North American and European regions heavily influence the global laptop market. Also, Asia-Pacific's laptop market is expected to grow significantly during the projection period. Notably, growing government initiatives like "Make in India," "Made in China 2025," and "Digital India" would boost laptop sales in the area.
  • Globally, the digital revolution is having a big influence on education. A significant change is taking place in the delivery of education and training. Students must find digital classrooms appealing. Artificial intelligence (AI), customized learning, and bring-your-own-device (BYOD) are emerging ideas that have changed how people teach, learn, and give assessments. In today's rapidly changing educational environment, portable IT devices such as laptops are in high demand for immersive learning opportunities.
  • Over the past decade, laptop computing has advanced significantly, with improved power, battery life, mobility, and display quality, all contributing to a portable computer's appeal over a desktop computer. This is reflected in the United Kingdom's rising laptop penetration rate, which rose from 47% in 2009 to 76% last year.
Laptop penetration in the United Kingdom from 2009 to 2021, In Percentage

North America is a Major Contributor

  • In the United States alone, over 80 million PCs were sold in the past year, with over 20 million machines arriving in the last quarter. The variety of PCs sold in the United States ranges from desktops and workstation stationery items to tablets, laptops, netbooks, and other portable devices. Also, the United States has shipped approximately 19.5 million desktop, laptop, and workstation devices in the first quarter of the current year.
  • As workers consistently returned to their workplaces, desktop shipping growth in the United States increased by 33%. Dell and HP Inc. are the market leaders in the United States PC industry, holding a combined market share of more than 50%, followed by Lenovo and Apple. There are also differences in the hardware options and the operating systems installed on the devices. Microsoft Windows, which accounts for more than half of the market share in the United States, and Apple's macOS, which accounts for about 25%, are the two most popular computer operating systems.
  • As China battles with production hiccups brought on by COVID lockdowns, the worldwide PC supply chain has once again been constrained. While short-term supply may be limited, it had a less significant impact in this region than in others because the US market remains a priority for many providers.
  • North America is one of the global leaders in high-speed internet infrastructure. with the strong resource of a network that enables internet access, management, commercial operations, and communication. by enabling users to complete several jobs quickly and simultaneously. Improved internet infrastructure contributes to the expansion of the PC industry in this region.

With nearly 55% of the market in September this year, Apple was the most popular tablet brand in the United States. With a stake of around 20% of the American tablet market, Samsung came in second among other vendors, while other brands took third place with a share of 13.8%.

Market share of leading tablet device vendors in the United States from September 2021 to September 2022, In Percentage

PC Industry Overview

The PC market is moderately fragmented, with four to five major players and many smaller ones present in the market. Several key market players are constantly working to bring advancements.A few prominent companies are entering into collaborations and expanding their global footprints in developing regions to consolidate their positions in the market. The major players in this market include Dell Inc., Lenovo Group Limited, Apple Inc., Asus, and Acer.

In October 2022, Lenovo recently introduced smarter technology innovations to redefine the future of the digital world. Innovations from Lenovo were introduced, including the first public display of rollable proofs of concept for smartphones and laptop computers. Rollable displays with computing built-in offer productivity, entertainment, and connection on a dynamic, changeable, and bigger screen, yet on a smaller device, solving consumer pain points and enhancing productivity in hybrid working.

In October 2022, Acer, one of the market's leading PC manufacturers, unveiled the launch of Swift Edge, the world's lightest 16-inch OLED laptop. The AMD-powered 16-inch OLED laptop weighs 1.17 kg. The latest model from Acer features several connectivity options and supports Microsoft Pluto.

PC Market Leaders

  1. Lenovo Group Limited

  2. Dell Inc.

  3. Apple Inc.

  4. Acer Inc.

  5. ASUSTek Computer Inc.

*Disclaimer: Major Players sorted in no particular order

PC Market Concentration
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PC Market News

  • June 2022: Apple, the leading telephone brand in the world, launched the MacBook Air 2022 with the latest design and M2 chip. Apple's new M2 processor helps the 2022 Air function 40% better than its predecessor.
  • June 2022: Dell Technologies disclosed the availability of its newest line-up of business laptops from the Latitude and Precision series. The new laptops are intended to enhance hybrid work experiences for enterprises. Pricing for Dell's 2022 array of business laptops and mobile workstations begins at Rs 79,990 (USD 967).

PC Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness-Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Consumers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Threat of Substitute Products

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Impact of COVID-19 on the PC Industry

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Robust Demand of Laptop

      2. 5.1.2 Impacts of Digitalization Across the Globe

    2. 5.2 Market Restraints

      1. 5.2.1 Inflation Hurts The Overall Market

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Type

      1. 6.1.1 Laptops

      2. 6.1.2 Desktop PCs

      3. 6.1.3 All-In-One Stations

      4. 6.1.4 Tablets

    2. 6.2 By Geography

      1. 6.2.1 North America

      2. 6.2.2 Europe

      3. 6.2.3 Asia-Pacific

      4. 6.2.4 Latin America

      5. 6.2.5 Middle East and Africa

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 Lenovo Group Limited

      2. 7.1.2 Dell Inc.

      3. 7.1.3 Apple Inc.

      4. 7.1.4 Acer Inc.

      5. 7.1.5 ASUSTek Computer Inc.

      6. 7.1.6 Microsoft Corporation

      7. 7.1.7 The Hewlett-Packard Company(HP)

      8. 7.1.8 Razer Inc.

      9. 7.1.9 Micro-Star International Co.,

      10. 7.1.10 Toshiba Corporation

      11. 7.1.11 Samsung Electronics Co., Ltd

    2. *List Not Exhaustive
  8. 8. INVESTMENT ANALYSIS

  9. 9. FUTURE TRENDS

**Subject to Availability
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PC Industry Segmentation

Personal computers (PCs) are portable, multifunctional machines designed for individual use. The PCs are made to be operated directly by an end user rather than by any third party or computer expert.

The PC market is segmented by type (laptops, desktop PCs, all-in-one stations, and tablets) and by region (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

By Type
Laptops
Desktop PCs
All-In-One Stations
Tablets
By Geography
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
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PC Market Research FAQs

The PC Market size is expected to reach USD 204.07 billion in 2024 and grow at a CAGR of 9.10% to reach USD 315.42 billion by 2029.

In 2024, the PC Market size is expected to reach USD 204.07 billion.

Lenovo Group Limited, Dell Inc. , Apple Inc., Acer Inc. and ASUSTek Computer Inc. are the major companies operating in the PC Market.

In 2024, the North America accounts for the largest market share in PC Market.

In 2023, the PC Market size was estimated at USD 187.05 billion. The report covers the PC Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the PC Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

PC Industry Report

Statistics for the 2024 PC market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. PC analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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PC Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)