As per Gartner, this marks the largest quarterly shipment decline since Gartner began tracking the PC market in the mid-1990s. For the entire year, PC shipments reached 286.2 million units in 2022, a 16.2% decrease from 2021 due to recession fears and increased inflation.

Experts feel since many consumers already have relatively new PCs that were purchased during the pandemic, a lack of affordability is superseding any motivation to buy, causing consumer PC demand to drop to its lowest level in years.

At the same time, the enterprise PC market is also being impacted by a slowing economy and at the same time, the PC demand among enterprises began declining in the third quarter of 2022, but the market has now shifted from softness to deterioration. Enterprise buyers are extending PC lifecycles and delaying purchases, meaning the business market will likely not return to growth until 2024.

While Lenovo maintained 24% market share at the top, the company experienced its steepest decline. Lenovo's shipments fell in all regions except in Japan, declining over 30% in EMEA and Latin America.

HP and Dell also experienced historically steep declines. HP was hit hardest in the EMEA market, where shipments decreased 44 per cent year-over-year. For Dell, weak demand in the large business market impacted shipments in the second half of 2022.

The Asia-Pacific market excluding Japan declined 29.4% year-over-year, mainly due to the market in China. The PC industry experienced very unusual ups and downs over the past 11 years. After the extraordinary growth period between 2020 and 2021 due to the pandemic, the market has clearly begun a downward trend which will continue until the beginning of 2024, say experts of Gartner.

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