After years of slow-to-no growth, the global PC market is buzzing again. And it's not just the cool-looking ultrabooks and 2-in-1s that have contributed to it. With 70.9 million combined shipments of desktops, notebooks and workstations, PC market grew by 4.7% in Q3 2019, recording the best growth figures since Q1 2012, when PC shipments grew by 5.4%, according to Canalys' latest market report in PCs, published on October 10.
With 17.3 million unit shipments, Lenovo leads the PC market with HP at a close second with 16.7 million units.
In Q2 2019, the worldwide shipments of PCs grew at modest 1.5%, after two quarters of decline, according to a July report by Gartner, a leading research and advisory company.
Dell shipped 12.1 million PCs, while Apple and Acer with shipments around 5 million occupy the fourth and fifth spot. Dell was the fastest growing of the lot in Q3 2019, with a growth rate of 8.5%.
Japan and the United States were the strongest regional markets for PCs. Japan alone shipped 4.5 million units in Q3, a significant increase from 2.7 million units a year ago.
Researchers at Canalys attributed the growth to multiple factors, including upgrade to Windows 10 and seasonal inventory stocking for the coming holiday season. In markets like US, PC vendors increased their production orders while channel partners have already started ramping up the inventory to avoid another round of scheduled tariffs on $37 billion worth of notebooks and tablets made in China.
The demand in Japan has grown as the country is upgrading its IT infrastructure ahead of the Tokyo Olympics in 2020. Also, Japan is set to increase its consumption tax from 8% to 10% in October 2019, leading to faster refresh timelines.
Canalys warned that this is a "short-term boost" forecasting a slump in demand and shipments by Q1 2020.
Speaking on the bottlenecks in PC market, Rushabh Doshi, research director of Canalys’ Mobility services, said “Intel remains a key bottleneck, with pressure on its 14nm CPU supply not likely to see improvement until Q1 2020. However, the Intel CPU shortage provided leading PC vendors an advantage over smaller rivals (and) drove HP and Lenovo to their best Q3 performance to-date."