Research Support Specialist, USA
The global desktop PCs market size is expected to reach USD 27.6 billion by 2028, registering at a CAGR of -0.2% over the forecast period, according to a new report by Million Insights. The decline in sales is accredited to the increasing demand for laptops, tabs, and smartphones in developed regions.
Upsurge in digitization has generated a strong demand for PCs amongst commercial and educational institutions. Also, online classes play a significant role in education institutions. Additionally, emerging economies are taking numerous initiatives to implement digitization in the country. Furthermore, new product launches by key players may flourish the market. For example, PC manufacturers are introducing the latest Solid State Drives (SSDs), which are ideal for desktop PCs, business PCs, and high-performance PCs. Manufacturing participants are financing heavily in research and development initiatives to develop better products.
Market players are compelling numerous strategic initiatives to increase their consumer base and infiltrate the market deeper, particularly in the emerging regions. Furthermore, governments are taking initiatives and reforms in energy-efficient consumer electronics that have led to a noteworthy impact on the market.
The PC towers type segment accounted for the largest revenue share of more than 75% in 2020. PC towers have advanced applications and features, so they are majorly adopted in a gaming application. They offer easy access to internal hardware for any customization, unlike laptop which restricts any modification to storage, graphics chips, and RAM.
The online segment will register the fastest CAGR from 2021 to 2028. This can be attributed to the growing popularity and usage of e-commerce platforms. Major manufacturers are partnering with online retailers intending to reach out to new buyers. Also, an upsurge in sales of desktop PCs mainly through company-owned websites and other e-commerce platforms such as Amazon, Walmart, etc., is further anticipated to drive the growth of the online distribution channel segment in the coming years.
Asia Pacific dominated the market and accounted for the largest revenue share of more than 35.0% in 2020. This growth is due to the rising demand for PC towers from developing countries, such as China, Japan, and India. The increasing work-from-home employment and e-learning methods coupled with rising disposable income and middle-class population are major factors driving the demand for desktop PCs. Many Chinese companies have entered the market with a partnership with e-commerce platforms to offer products at competitive pricing. This, in turn, will drive the regional market over the forecast period.
The report “Desktop PCs Market Size, Share & Trends Analysis Report By Type (PC Towers, Minis, All-in-one Stations), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2021 - 2028” is available now to Million Insights.
Million Insights has segmented the global desktop PCs market on the basis of type, distribution channel, and region:
Desktop PCs Type Outlook (Revenue, USD Million, 2017 - 2028)
Desktop PCs Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)
Desktop PCs Regional Outlook (Revenue, USD Million, 2017 - 2028)