Laptop Market is projected to grow at a CAGR of 6.82% through 2031
Increasing awareness among consumers about
emergence of advance technology that is portable is one of the leading factors
expected to drive the global laptop market during the forecast period.
According to TechSci Research report, “Laptop Market –
Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast,
2021-2031F”. The Global Laptop Market will grow from USD 224.02
Billion in 2025 to USD 332.81 Billion by 2031 at a 6.82% CAGR owing to
several factors such as increasing internet penetration and better internet
infrastructure, which is leading to increasing consumer demand for
laptops. The market is divided into two types: traditional laptops and
2-in-1 laptops. The traditional laptops segment is growing in popularity among
end users, particularly gamers. Traditional ones provide benefits such as
increased storage space, a more powerful processor, a larger screen size, and
increased Random Access Memory (RAM), among other things.
Meanwhile, the 2-in-1 laptop segment is attributed to
continuous design innovations, which result in reduced size and easy
portability. Furthermore, this type combines the capabilities of a laptop and a
tablet into a single device, providing advantages such as energy-efficient
processors, light weight, and an increased number of ports. Business
laptops, as the name implies, are typically used for business purposes.
Originally, these laptops had a rugged design and were only meant to support
the corporate sector's 40-hour weekly schedule, with features such as superior
graphics, faster processors, enhanced connectivity options, durability,
portability, and the ability to run multiple programs simultaneously. They are
cost - effective and have a long lifespan.
Additionally, as gaming becomes more popular among the
general public and as new video games like PUBG, FORTNITE, Call of Duty, and
others gain popularity, companies are promoting and expanding their gaming
product lines to attract more customers. Owing to this, it is expected
that the gaming segment would grow at the highest CAGR during the forecast
period. 'Gaming laptops are increasingly in demand from youth and professional
gamers', which is boosting market expansion. For instance, in 2021 Razor Inc.
unveiled an innovative line of two gaming laptops, the Razor Blade 15 and Razor
Blade Pro 17, both of which include high-performance NVIDIA 30 series laptop
GPUs.
Nowadays, customers prefer to purchase laptops with
advanced features, the most recent version of hardware and software, improved
portability, and a modern design. Need is also being driven by an increase
in the demand for ultra-thin, light laptops with latest generation processors
boosting the market. Furthermore, a high level of digital convergence and
continuous product innovation initiatives undertaken by key manufacturers are
expected to help boost device sales over the forecast period. For
instances, in 2021 Asus announced the launch of ProArt series laptops to
its consumer PC lineup in India. According to Asus, the flagship ProArt
StudioBook 16 OLED is intended for content creators and creative consumers. It
has an ASUS Dial and a touchpad that can be used with a stylus.
Similarly, Lenovo introduced 12th-generation Intel Core
laptops in the Yoga and Legion series in India. The Chinese manufacturer has
introduced a slew of new models, including the Yoga 7i and 7i Pro, Yoga 9i,
IdeaPad Gaming 3i, Lenovo Slim 7i, Lenovo 5i, and 5i Pro, lineups with
impressive gaming and non-gaming laptop.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on the " Global
Laptop Market".
The global Laptop market is segmented on the basis of type,
screen size, price, application, distribution channel, region, and
competitional landscape. Based on product type, the market is bifurcated into
traditional laptop and 2-in-1 laptop. Based on screen size, the market is
divided into up to 11 Inch, 11.1 Inch to 14 Inch, 14.1 Inch to 17 Inch and more
than 17.1 Inch. Based on price, the market is divided into up to USD 500, USD
501 to USD 1000, USD 1001 to USD 1500, USD 1501 to USD 2000 and more than USD
2001. Based on application, the market is further split into personal,
business, and gaming. Based on distribution channels, the market is segmented
into specialty stores, exclusive stores, and multi-branded stores,
hypermarkets/supermarkets, online, and others (direct sales, distributors &
dealers). On the basis of region, the market is divided into Asia-Pacific,
North America, Europe, Middle East & Africa and South America.
Key market players in the global laptop market
include:
- Acer
Inc.
- Apple
Inc.
- ASUSTeK
COMPUTER INC.
- Dell
Technologies, Inc.
- HP
Development Company, L.P.
- Micro-Star
International Co., Ltd. (MSI)
- Razer
Inc.
- Microsoft
Corporation
- Lenovo
Group Limited
- Samsung
Electronics Co., Ltd.
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“New advance technology development is a prominent trend
that is expected to have an impact on the growth of laptop market during the
forecast period, including booming e-commerce combined with surging demand for
gaming devices is expected to play a significant role in boosting demand for
the laptop in the coming years. Additionally, rising working population has led
to an increase in demand for business laptops. Moreover, increasing purchasing
power of the consumer is also expected drive the market growth during the
forecast period,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
"Laptop Market – Global Industry Size,
Share, Trends, Opportunity, and Forecast, Segmented By Product Type
(Traditional Laptop and 2-in-1 Laptop), By Screen Size (Up to 11 Inch, 11.1
Inch to 14 Inch, 14.1 Inch to 17 Inch and More than 17.1 Inch), By Price (Up to
USD500, USD501 to USD1000, USD1001 to USD1500, USD1501 to USD2000 and More than
USD2001), By Application (Personal, Business and Gaming), By Distribution
Channels (Specialty Stores, Exclusive Stores, Multi-Branded Stores,
Hypermarkets/Supermarkets, Online, Others (Direct Sales, Distributors &
Dealers)), By Region, Competition 2021-2031F", has
evaluated the future growth potential laptop and provides statistics and
information on market structure, size, share, and future growth. The report is
intended to provide cutting-edge market intelligence and help decision-makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities present in laptop market global.
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