NEEDHAM, Mass.–(BUSINESS WIRE)–#Display–The global PC monitor market continued its quarterly decline in the fourth quarter of 2021 (4Q21) with unit shipments shrinking 5.2% compared to the same quarter in 2020. Despite a challenging second half of the year, the market still exceeded expectations and ended 2021 with a 5.0% year-over-year growth rate, according to the International Data Corporation (IDC) Worldwide Quarterly PC Monitor Tracker.

With 143.6 million units shipped globally, 2021 also stood as the best performing year since 2012, when volume was 150.3 million. A weaker second half in 2021 brought down the strong momentum of the first half, which had an impressive year-over-year growth rate of 19.4%. Challenges seen in the third quarter persisted in the holiday quarter. Although mature regions slowed, volume was buttressed by emerging markets catching up on backlogs while global commercial volume helped to offset a softer consumer base. However, even as monitor component supplies improved to some degree, persistent challenges from high shipping rates and Asian supply chain lockdowns remained. These challenges that defined the latter half of the year are expected to play well into 2022 and will lead to a 3.6% year-over-year decline in 2022.

“2021 marked the end of the longest run for monitors, which saw an uninterrupted growth spurt from 2018 to 2021,” said Jay Chou, research manager for IDC’s Worldwide Client Devices Trackers. “Whether it was businesses refreshing PCs and monitors as they moved towards Windows 10 or the pandemic pivot towards work from home, these developments gave a much-needed boost to what had been a staid industry. However, we now see growing saturation, inflationary pressures from the pandemic and the Ukrainian crisis further accelerating an already cooling environment in 2022, when we expect monitor shipments to shrink 3.6% and then stabilize after.”

Company Highlights

Dell and Lenovo emerged as the only two companies in the Top 5 to deliver shipment growth in 4Q21. Although overall commercial shipments declined 2.2% year over year in the fourth quarter, the commercial portion of the market proved more resilient as it has throughout the year, showing only modest losses in the second half of 2021 as return-to-office trends continued to gain ground. Companies that had better control of their supply chain or a stronger presence in emerging markets fared better. Dell and Lenovo both outgrew the market and registered upper single digit year-over-year growth. Lenovo also overtook HP as the number 2 vendor for the quarter. Consumer-focused vendors suffered even more as the total consumer monitor market shrank more than 8% year over year.

Top Companies, Worldwide PC Monitor Shipments, Market Share, and Year-Over-Year Growth, Q4 2021 (shipments in thousands of units)

Company

4Q21 Shipments

4Q21 Market Share

4Q20 Shipments

4Q20 Market Share

4Q21/4Q20 Growth

1. Dell Technologies

8,236

22.1%

7,686

19.5%

+7.2%

2. Lenovo

4,835

13.0%

4,547

11.5%

+6.3%

3. HP Inc

4,000

10.7%

4,980

12.7%

-19.7%

4. TPV

3,926

10.5%

4,759

12.1%

-17.5%

5. Samsung

3,278

8.8%

3,839

9.7%

-14.6%

Others

13,043

35.0%

13,560

34.4%

-3.8%

Total

37,317

100.0%

39,371

100.0%

-5.2%

Source: IDC Quarterly PC Monitor Tracker, March 2022

Top Companies, Worldwide PC Monitor Shipments, Market Share, and Year-Over-Year Growth, 2021 (shipments in thousands of units)

Company

2021 Shipments

2021 Market Share

2020 Shipments

2020 Market Share

2021/2020 Growth

1. Dell Technologies

30,267

21.1%

26,435

19.3%

+14.5%

2. Lenovo

17,068

11.9%

14,361

10.5%

+18.9%

3. TPV

16,748

11.7%

19,394

14.2%

-13.6%

4. HP Inc

15,076

10.5%

18,500

13.5%

-18.5%

5. Samsung

13,454

9.4%

11,754

8.6%

+14.5%

Others

50,974

35.5%

46,290

33.9%

+10.1%

Total

143,587

100.0%

136,734

100.0%

+5.0%

Source: IDC Quarterly PC Monitor Tracker, March 2022

In addition to the tables above, a graphic illustrating IDC’s 2020-2026 forecast for worldwide PC monitor shipments and growth is available by viewing this press release on IDC.com.

IDC’s Worldwide Quarterly PC Monitor Tracker gathers detailed market data in over 90 countries. The research includes historical and forecast trend analysis among other data.

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Contacts

Jay Chou

jchou@idc.com
650-350-6464

Michael Shirer

press@idc.com
508-935-4200