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Laptop Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A4675
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Market Overview:
The global laptop market size reached US$ 140 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 180.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.
A laptop is a compact and portable personal computer consisting of built-in hardware solutions. It is a notebook computer that includes an in-built screen monitor, keyboard, webcam, central processing unit (CPU) and trackpad and is compatible with various peripherals, such as trackballs and joysticks. It is powered through a battery and an alternating current (AC) cord and is designed for minimal power consumption. Laptops are commonly used for performing regular tasks, such as official work, education, gaming, internet browsing and entertainment. For advanced processes, such as 3D rending, coding, graphic designing and audio and video editing, high-performance laptops equipped with sophisticated software and hardware systems are used. In comparison to the traditionally used desktop computers, laptops are more cost-effective and can be folded flat for the ease of transportation.
Laptop Market Trends:
Significant growth in the information technology (IT) industry across the globe is one of the key factors creating a positive outlook for the market. With rising digital convergence, there is an increasing requirement for high-performance laptops across various industries, such as education, automobile, manufacturing and medical. Organizations are widely adopting bring-your-own-device (BYOD) trends to ease operations, which is also contributing to the growth of the market. In line with this, the rising demand for cross-functional laptops and increasing penetration of high-speed internet are providing a thrust to the market growth. Various technological advancements, such as the development of smart batteries that provide continuous power supply for a long duration, are acting as other growth-inducing factors. These batteries can manage their voltage and current to provide enhanced operational efficiency. Other factors, including the rising expenditure capacities of the consumers, along with the increasing preference for gaming laptops, especially among the millennials, are anticipated to drive the market toward growth.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global laptop market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, screen size, price and end use.
Breakup by Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Traditional Laptop
- 2-in-1 Laptop
Breakup by Screen Size:
- Up to 10.9"
- 11" to 12.9"
- 13" to 14.9"
- 15.0" to 16.9"
- More than 17"
Breakup by Price:
- Upto USD 500
- USD 501 to USD 1000
- USD 1001 to USD 1500
- USD 1501 to USD 2000
- Above USD 2001
Breakup by End Use:
- Personal
- Business
- Gaming
- Others
Breakup by Region:
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- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Acer Inc., Apple Inc., ASUSTeK Computer Inc., Dell Technologies Inc., Hewlett-Packard Development Company L.P., Lenovo Group Limited, Microsoft Corporation, Micro-Star International Co. Ltd., Razer Inc., Samsung Electronics Co. Ltd., Sony Group Corporation and Xiaomi Inc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Type, Screen Size, Price, End Use, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Acer Inc., Apple Inc., ASUSTeK Computer Inc., Dell Technologies Inc., Hewlett-Packard Development Company L.P., Lenovo Group Limited, Microsoft Corporation, Micro-Star International Co. Ltd., Razer Inc., Samsung Electronics Co. Ltd., Sony Group Corporation and Xiaomi Inc. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
As per the IMARC Group, the laptop market size was US$ 140 Billion in the year 2022. The expanding information technology (IT) industry and the increasing demand for personal laptops are some of the key factors driving the laptop market. Moroever, the elevating levels of digitalization along with the inflating usage of laptops across diverse sectors, including manufacturing, logistics, medical, automobile, etc., to streamline the working processes are also propelling the market growth.
As per the IMARC Group, the laptop market is anticipated to grow at a CAGR of 4.3% during 2023-28, with an expected market value of US$ 180.2 Billion by 2028. The emerging trend of Work-from-home (WFH) and Bring-your-own-device (BYOD) modules, coupled with the increasing utilization of laptops for performing organizational tasks with enhanced efficiencies, will continue to drive the laptop market in the coming years. Besides this, continuous technological advancements, such as the integration of laptops with the latest touchscreen interfaces, robust operating systems (OS), and accessories, like digital pencils, are further expected to bolster the market growth over the forecasted period.
The increasing utilization of laptops for performing regular tasks, such as official work, education, gaming, internet browsing, etc., as they are more efficient, lightweight, powerful, faster, and convenient over traditionally used desktop computers, is primarily driving the global laptop market.
The sudden outbreak of the COVID-19 pandemic has led to the rising adoption of laptops by individuals to ease operations of their respective organizations, during the remote working models.
Based on the type, the global laptop market has been divided into traditional laptop and 2-in-1 laptop, where traditional laptop currently exhibits a clear dominance in the market.
Based on the screen size, the global laptop market can be categorized into up to 10.9", 11" to 12.9", 13" to 14.9", 15.0" to 16.9", and more than 17". Currently, 15.0" to 16.9" accounts for the majority of the global market share.
Based on the price, the global laptop market has been segregated into upto USD 500, USD 501 to USD 1000, USD 1001 to USD 1500, USD 1501 to USD 2000, and above USD 2001. Among these, USD 501 to USD 1000 currently holds the largest market share.
Based on the end use, the global laptop market can be bifurcated into personal, business, gaming, and others. Currently, business exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Many established brands are operating in the global laptop market. Some of the market leaders include Lenovo, HP, Dell, Apple, and Asus. Apart from these, companies such as Acer, Samsung, Microsoft, MSI, Honor, etc., are some of the other players operating in the market.
Yes, the global laptop industry is expected to grow at a CAGR of 4.3% during 2023-28. The laptop industry is growing at a steady pace owing to the increasing adoption of multifunctional devices that include laptops across various industries, such as education, automobile, manufacturing, medical, logistics, etc. Also, a rise in the number of product launches and expansions is expected to propel the growth of the laptop market.
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