Market Size of PC Industry
| 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
*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.
