HP Retains Top Spot as Indian PC Shipments Grow 7.1 Percent YoY in Q2 2024: Report

HP retained its place on the prime of the Indian PC market amidst an ongoing development in shipments within the second quarter of 2024, as per a report. India has reportedly recorded a 7.1 % year-over-year (YoY) development in Q2 2024, noting a rise in cargo quantity in all three classes — desktop, pocket book, and workstation. The three classes grew 5.9 %, 7.4 %, and 12.4 % YoY, respectively. The report highlighted that an elevated demand in each on-line and offline channels resulted within the development.

Indian PC Shipments Rose in Q2 2024

In line with a report by market analysis agency Worldwide Information Company (IDC), India’s PC market famous a cargo of three.39 million items within the second quarter of the continuing yr. That is 7.1 % larger than the shipments in the identical quarter final yr. The report discovered that the Q2 2024 witnessed a rise in client demand by 11.2 %, which required extra items to be fulfilled.

Indian PC Shipments Q2 2024
Picture Credit score: IDC

The demand was reportedly seen in each the net in addition to the offline channels. The report additionally mentions that the e-commerce channel grew by a big 22.4 % YoY. The business section famous a minor improve of three.5 % YoY, which was largely pushed by an elevated demand within the small and medium-sized companies (SMB) and enormous enterprise segments. It witnessed a development of 12.4 % and 33.1 % YoY, respectively.

HP retained the highest spot in each business and client segments, capturing 33.5 % and 29.7 % of the market. The corporate additionally dominated the pocket book class and clocked a market share of 34.4 %. As per IDC, the expansion was a results of elevated demand for client notebooks and a few key enterprise orders.

Lenovo and Dell Technologies consolidated the second and the third place by way of market share. The previous captured 17.5 % of the market whereas the latter might solely handle 14.8 % share. Notably, Dell misplaced 0.5 % share of the market in comparison with Q2 2023. IDC experiences that Lenovo carried out properly within the SMB section registering a development of 16.5 % YoY, whereas Dell primarily discovered development within the client section.