HP Inc.'s PC unit shipment share worldwide 2011-2022, by quarter

In the fourth quarter of 2022, HP Inc.'s market share of global PC shipments stood at 20.2 percent, making HP the second largest PC vendor overall behind only Lenovo. HP's PC market share has mostly increased since 2012, with the exception of a slight downturn recently, reflecting an overall trend of consolidation within the PC market. The combined share of global PC shipments of the three major vendors in the market (Lenovo, HP, and Dell) has risen from around 40 percent in 2011 to more than 60 percent in 2022.

HP's history

HP Inc. is an American technology company that was formed in November 2015, following the break-up of its predecessor, Hewlett-Packard Company. HP Inc.'s pedigree stretches back to 1935 when the parent company was founded in the garage of William Hewlett and David Packard. Initially producing a range of electronic test equipment, HP Co rose in the intervening years to become one of the leading manufacturers of personal computers worldwide and a global manufacturer of servers, storage devices, and networking equipment, as well as delivering a variety of IT services for both consumers and enterprises.

Global PC market

As the production and manufacturing costs of devices like PCs have lowered, this has enabled companies to produce high-end products for lower selling prices, making the devices accessible to more customers. In 2022, spending on devices, including PCs, is expected to approach 800 billion U.S. dollars. PCs come in several varieties, including stationary products like workstations and desktops, as well as portable products like laptops, notebooks, netbooks, and tablets.