--- title: "Lenovo expands its market share in the U.S. PC market, with Q4 growth far exceeding Dell and HP" description: "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 m" type: "news" locale: "en" url: "https://longbridge.com/en/news/233710543.md" published_at: "2025-03-29T03:53:02.000Z" --- # Lenovo expands its market share in the U.S. PC market, with Q4 growth far exceeding Dell and HP > 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 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. ![image.png](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) 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. ![image.png](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) 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 "precise strategy" against "traditional giants." 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 "resilience" 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 "globalization + localization" dual-track strategy has laid the groundwork for impacting higher market shares. For HP and Dell, a more dangerous challenger is accelerating closer ### Related Stocks - [LNVGY.US - Lenovo Group](https://longbridge.com/en/quote/LNVGY.US.md) - [00992.HK - LENOVO GROUP](https://longbridge.com/en/quote/00992.HK.md) - [MSFT.US - Microsoft](https://longbridge.com/en/quote/MSFT.US.md) - [DELL.US - Dell Tech](https://longbridge.com/en/quote/DELL.US.md) - [AAPL.US - Apple](https://longbridge.com/en/quote/AAPL.US.md) - [HPQ.US - HP](https://longbridge.com/en/quote/HPQ.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 早盘趋势｜联想集团区间盘整，平台突破信号要来了？ | 联想集团（992.HK）近几个交易日维持区间盘整格局，昨日全天高低点波动有限，显示主力多空拉锯激烈，市场进入观望状态。近期联想聚焦新一代 AI PC 产品的发布，多项年度重磅产品陆续落地，刺激市场对公司大单收入预期上升，AI 算力主题板块受 | [Link](https://longbridge.com/en/news/272946756.md) | | 联想与中小企业协会合作 投百万元开发 AI 应用 \| 联合早报网 | 新加坡中小企业协会与联想集团合作推出中小企业人工智能工坊，联想将提供高达 100 万元的支持，开发 10 个 AI 应用示范案例，助力中小企业数字化转型。该计划在 “亚洲人工智能节” 上签署谅解备忘录，旨在推动 AI 在中小企业中的应用，解 | [Link](https://longbridge.com/en/news/273339991.md) | | 联想因 ‘人工智能的普及化’ 而措手不及 | 联想在最新的财季报告中显示利润下降 21%，并因人工智能计算市场的变化而承担了 2.85 亿美元的重组费用。由于内存价格上涨，公司毛利率下降。此次重组反映了联想在人工智能普及方面适应缓慢，从云端设施的人工智能训练转向本地人工智能推理。尽管其 | [Link](https://longbridge.com/en/news/275904944.md) | | 美股盘前热门交易：戴尔科技盘前跌 3.11%，调价机制与成本上升压制市场信心 | 戴尔科技-C 盘前跌 3.11%；Lianhe Sowell 盘前涨 59.65%；ChowChow Cloud 盘前涨 50.87%；Fastly 盘前涨 40.71%。 | [Link](https://longbridge.com/en/news/275748759.md) | | 早盘趋势｜联想集团跌近支撑，短线反弹窗口要来了？ | 1 月 9 日收盘，联想集团（992.HK）连续承压，全天股价逼近 9.15 港元这一重要支撑位，引发市场对短期止跌和技术反弹窗口的高度关注。从盘面来看，全天资金风格偏空，主力买盘稀少，但午后成交量异动，部分资金提前抢跑，短线氛围正在略有回 | [Link](https://longbridge.com/en/news/272045743.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.