Laptops Market Size by Type, Screen Size, End Use and Region - Segment-Level Market Assessment, Growth Opportunity Analysis, Competitive Mapping & Forecast to 2030
Overview
Laptops Market size was valued at US$ 127.16 Bn. in 2023 and the total revenue is expected to grow at 3 % through 2024 to 2030, reaching nearly US$ 156.39 Bn.
Laptops Market Overview:
Over the last decade, the laptop market has grown rapidly, and it is now the fastest growing segment of the wider computer industry. The laptop market, like most others, has seen noteworthy shifts in technology and innovation, as well as customer demand states and purchasing power. Consumers of computers nowadays are increasingly mobile, growing more technologically sophisticated, aggressively brand-oriented, and fast becoming status concerned. Laptops are an essential category that reflects all of this in purchasing behavior. With these considerations in mind, the main players have fine-tuned their methods - mostly branding and communications - to provide the best promise, occupy the most prominent mind-space, and generate the highest affinity.
The modern laptop buyer is more knowledgeable and educated, desires computers with exceptional configurations that give more and better performance capabilities, values adaptability and exclusivity, and loves smart and elegant appearances. More crucially, today's laptop buyer is brand aware, preferring to purchase a brand that reflects his personality rather than a gadget that does ordinary computer chores. All of this has created enormous opportunities for marketers to innovate and distinguish. The majority of competitive activity has been around product extensions and innovation, branding and communication, and positioning and distinctiveness. Some of the leading key players in the global laptops market include Dell, Lenovo, and Apple. They are continuously strategizing on mergers and acquisitions, strategic alliances, joint ventures, and partnerships for the growth of their market shares.
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Laptops Market Dynamics:
The growing penetration by the internet is expected to boost the market growth as the number of internet users is rising by 8 % annually and more than three-quarters of global internet users go online via Laptops or pc.
The advancements in detachable notebooks such as convertible into a tablet, screen touch, etc., and decreasing the demand of tablets have increased the demand of Laptops market throughout the world rapidly.
The diversity in Laptopss application ranging from business, education, entertainment, etc. and increasing digitalization and growing dependency on Laptopss and other electronic devices have increased the demand for Laptopss and is expected to drive the market growth.
Growing gaming and gaming devices among consumers is also a factor driving the demand for Laptopss as there are ample varieties and availability of cost-efficient gaming Laptopss in the market.
One of the main market growth drivers is the rising use of Laptopss in educational institutions.
Due to considerations such as low costs, wireless access, and convenience, educational institutions such as schools and colleges are using Laptops computers in their classrooms
The increasing demand for smartphones is expected to hamper the market growth as consumers update smartphones more quickly than Laptopss.
Lack of integration in battery and storage capacity is also expected to restrain the market growth. Consumers prefer better battery integration and more storage capacity which is affecting the market growth.
Laptops Market Segment Analysis:
By Type, Traditional Laptopss dominated the market by 62% share in 2023. They are the most popular computing devices. Easy to use, more storage space, powerful processors, increased RAM, etc. are the major factors driving the market growth of traditional Laptopss.
2 in 1 Laptops is expected to grow at a CAGR of 3.9% through the forecast period. Easy portability, reduced size, and innovations in design such as Laptops and tablet in one device, lightweight, etc. are factors expected to drive the market growth of 2 in 1 Laptopss.
By Screen Size, 15.0" to 16.9" dominated the market with a 37 % share in 2023. These are majorly used in gaming, corporate offices, etc. as they have wide display screens, enhanced storage, powerful processors and can aid in clearing space-constrained places.
13’ to 14.9” segment is expected to grow at a CAGR of 2.9 % through the forecast period. This segment offers the best balance between portability and usability as they have an enhanced processor, high-resolution display, long battery life, cost-effective and sufficient storage. These factors are expected to drive market growth.
By End Use, the Business segment dominated the market with a 43 % share in 2023. All the large and small firms require robust Laptopss for presentations, coding, programming, graphic design, and editing documents. They are reasonably priced, have connectivity options, rugged design, etc. Above mentioned factors are attributing the demand for the segment in a disruptive manner.
The gaming segment is expected to grow at a CAGR of 7.8 % through the forecast period. Market growth is being aided by the rising demand for gaming Laptopss among millennial and professional gamers. Furthermore, the rising popularity of augmented reality and virtual reality is expected to boost demand for the gaming segment. All the major players in the market have introduced their gaming Laptopss in the market with distinct innovations.
Regional Insights:
The North American region dominated the market with a 30 % share in 2023. High disposable income, increasing mergers of prominent players with world-class universities and corporates are the major factors driving the market growth in the region. North American and European markets are expected to grow slowly through the forecast period. The market in these regions is expected to be hampered by longer replacement cycles and a lack of technological developments.
Asia Pacific region is expected to grow at a CAGR of 7.8 % through the forecast period. Countries like China, India with growing government initiatives to increase the production of a Laptops with reduced import duties in spare parts are expected to drive the market growth through the forecast period.
The objective of the report is to present a comprehensive analysis of the Laptops to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Laptops market dynamics, structure by analyzing the market segments and project the Laptops market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Laptops market make the report investor’s guide.
Laptops Market Scope: Inquire before buying
| Laptops Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | US $ 127.16 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 3% | Market Size in 2030: | US $ 156.39 Bn. |
| Segments Covered: | by Type | Traditional Laptops 2 in 1 Laptops |
|
| by Screen Size | 10.9” to 12.9” 13” to 14.9” 15.0” to 16.9” More than 17” |
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| by End Use | Personal Business Gaming |
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Laptops Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Laptop Manufacturing Players:
North America
1. Dell
2. Apple
3. Microsoft
4. hp
5. Razer
Europe
6. Medion
7. Schneider Electric
8. MSI
Asia Pacific
9. Lenovo
10. Haier
11. Acer
12. Hisense
13. ASUS
14. Samsung
15. Toshiba
16. Fujitsu
17. Huawei
18. Micromax
19. Hasee
20. Lens Technology
21. Gigabyte
22. LG electronics
MEA
23. touchmate
South America
24. Positivo BGH
25. Sahara
FAQs
1] What segments are covered in Laptops Market report?
Ans. The segments covered in the Laptops Market report are based on Type, Screen Size and End Use.
2] Which region is expected to hold the highest share in the Laptops Market?
Ans. Asia Pacific Region is expected to hold the highest share in the Laptops Market.
3] What is the market size of Laptops Market by 2030?
Ans. The market size of Laptops Market by 2030 is US $ 156.39 Bn.
4] What was the market size of Laptops Market in 2023?
Ans. The market size of Laptops Market in 2023 was US $ 127.16 Bn.