Global Laptop Market to Grow at a CAGR of 4.7% During 2024-2032, Driven by Rising Innovations

The global laptop market is being driven by the continuous product innovation initiatives taken by the major players, along with the high level of digital convergence. The thriving e-commerce sector and an upsurge in the demand for gaming devices are expected to be pivotal factors contributing to the rising demand for laptops in the forecast period.

Traditional laptops account for a significant share of the market owing to the increased adoption by end-users, especially gamers, along with the benefits of more storage space, bigger screen size, and increased RAM, among others. The trend has been changing currently to give way to the 2-in-1 laptop segment. This can be attributed to the continuous innovations in design for reduced size and easy portability, which is in high demand currently. In addition to this, this segment integrates features of a laptop and tablet into a single device, while making it convenient. All these factors are expected to invigorate the market growth of laptop over the forecast period.

The market is further led by the new innovations by the key market players, such as Apple Inc. (NASDAQ: AAPL), an American MNC. In November 2020, the company introduced an all-new 16-inch MacBook Pro, which is the world’s best pro notebook, designed for developers, filmmakers, scientists, photographers, and other professionals. Such innovations are expected to attract an extended range of customers who are adopting laptops to make their work more comfortable and unique. These laptops are designed for innovators and creators who require a unique design for their creative work.

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Market Analysis by Type, Screen Size, Price, End User, and Region:

• The laptop market, on the basis of type, is bifurcated into traditional and 2-in-1. The traditional laptops are further divided into touch screen enabled and touch screen disabled.

• By screen size, the market is divided into up to 10.9" inch, 11" to 12.9" inch, 13" to 14.9" inch, 15.0" to 16.9" inch, and more than 17" inch.

• On the basis of price, the market is segmented into up to USD 500, USD 501 to USD 1,000, USD 1,001 to USD 1,500, USD 1,501 to USD 2,000, and above USD 2,001.

• The market is categorised on the basis of end user into personal, business, and gaming.

• Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The market is being driven by the inflating disposable income of the population. Further, the increasing consumer demand led by the proliferation of public projects, especially in the Asia Pacific region countries like India and China, is aiding the market growth.

• Infrastructural developments, including housing and commercial buildings, are expected to promote the use of laptops, thereby aiding the market expansion.

• The market growth is also aided by the growing adoption of laptops across multiple sectors.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for laptop for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for laptop types, screen sizes, prices, end uses, and regions.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

Lenovo Group Limited, HP Inc., Dell Inc., Acer Inc., Apple Inc., ASUSTeK Computer, Inc., Samsung Electronics Co., Ltd., Sony Group Corporation, Micro-Star INT'L CO., LTD., Microsoft Corporation, Razer Inc., Xiaomi Inc., Corsair Memory Inc., LG Electronics, and Panasonic Corporation are the key players in the global laptop market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

Key Highlights of the Report

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