Report: China's PC Market Set for Return to Growth of 3% in 2024
Canalys anticipates that China's PC (excluding tablets) market will rebound to 3% growth in 2024 and 10% growth in 2025, primarily fueled by refresh demand from the commercial sector. The tablet market is expected to grow by 4% in both 2024 and 2025, benefiting from increasing penetration as digitalization deepens.
"2024 is expected to bring modest relief to a struggling PC market in China, but a challenging environment will remain," said Canalys Analyst Emma Xu. "Ongoing economic structural adjustments are a key priority as the government seeks new avenues for economic growth, with a core focus on technology-driven innovation. AI emerged as a central theme during the latest 'Two Sessions' in China, with enthusiasm for AI spanning commercial entities and government initiatives aimed at establishing a domestic AI ecosystem across industries. Significant opportunities for the PC industry are set to arise from this commercial push, especially as it coincides with the upcoming device refresh and the emergence of AI-capable PCs."
"2024 is expected to bring modest relief to a struggling PC market in China, but a challenging environment will remain," said Canalys Analyst Emma Xu. "Ongoing economic structural adjustments are a key priority as the government seeks new avenues for economic growth, with a core focus on technology-driven innovation. AI emerged as a central theme during the latest 'Two Sessions' in China, with enthusiasm for AI spanning commercial entities and government initiatives aimed at establishing a domestic AI ecosystem across industries. Significant opportunities for the PC industry are set to arise from this commercial push, especially as it coincides with the upcoming device refresh and the emergence of AI-capable PCs."