According to the latest data from Canalys, the total shipment volume of the US PC market in 2024 reached 69.21 million units, a year-on-year increase of 5.2%. Among them, Lenovo ranked third with a shipment volume of 11.872 million units, increasing its market share from 16.0% in 2023 to 17.2%, further narrowing the gap with HP (25.3%) and Dell (22.8%). Notably, Lenovo's year-on-year growth rate for total shipments reached 12.8%, far exceeding HP's 0.6% and Dell's -4.1%. In the fourth quarter, HP and Dell experienced negative growth of -3.6% and -2.4%, respectively. Meanwhile, Lenovo maintained a nearly 12% double-digit growth rate.
From the data, it is evident that Lenovo, ranked third, and Apple, ranked fourth, are jointly capturing market share from HP and Dell. If this momentum continues, Lenovo is expected to challenge for a top two position in the US market within the next 2-3 years.
<img src="https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20250329/1743220303474513.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="image.png" original-src="https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20250329/1743220303474513.png"/>
Behind this growth, the US PC market is undergoing two major structural changes:
• Commercial demand explosion: The countdown to the end of Windows 10 support is driving a wave of corporate device upgrades, with corporate replacement demand being released ahead of schedule, leading to a 9% year-on-year growth in the commercial market in the second half of 2024;
• Consumer pressure: Inflation and tariff policies have caused price fluctuations in consumer electronics, resulting in weak growth in the mid-to-low-end market.
<img src="https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20250329/1743220317505012.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="image.png" original-src="https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20250329/1743220317505012.png"/>
In this context, Lenovo has achieved a breakthrough against the trend by leveraging its deep penetration in the commercial market and the advantages of a global supply chain.
Lenovo's strong performance in the US market in 2024 is essentially a challenge of &#34;precise strategy&#34; against &#34;traditional giants.&#34; Its growth rate of 12.8% is 2.5 times the industry average (5.2%).
This is not only due to the early release of corporate replacement demand after Microsoft announced that support for Windows 10 will end in October 2025. Lenovo's full price range coverage also directly diverts users from leading brands like HP and Dell.
In the face of potential risks from increased tariffs on China by the US, Lenovo's supply chain &#34;resilience&#34; also outperforms competitors. Lenovo's factory in Mexico can take on North American orders, utilizing the zero-tariff policy of the United States-Mexico-Canada Agreement (USMCA) to lower end prices and create a competitive advantage.
The 2024 US PC market proves that in the era of stock competition, the key to victory for manufacturers is no longer single product innovation, but the ability to deeply control core markets. Lenovo, with its precise positioning in the commercial sector, flexible supply chain layout, and comprehensive coverage from price range to service ecosystem, is continuously narrowing the gap with leading manufacturers
Despite the potential fluctuations brought by trade policies in the short term, its &#34;globalization + localization&#34; dual-track strategy has laid the groundwork for impacting higher market shares. For HP and Dell, a more dangerous challenger is accelerating closer

LNVGY

00992

Lenovo's shipment volume in the U.S. PC market reached 11.872 million units in 2024, with market share increasing from 16.0% to 17.2%, a growth rate of 12.8%, far surpassing HP and Dell. The U.S. PC market's shipment volume grew by 5.2% year-on-year, with a surge in commercial demand and pressure on the consumer side. With its global supply chain and precise strategy, Lenovo is expected to challenge the top two positions in the market within the next 2-3 years

Zhitong

Lenovo Group

Lenovo expands its market share in the U.S. PC market, with Q4 growth far exceeding Dell and HP