Laptops

Global Laptops Market to Reach US$168.5 Billion by 2030

The global market for Laptops estimated at US$150.7 Billion in the year 2024, is expected to reach US$168.5 Billion by 2030, growing at a CAGR of 1.9% over the analysis period 2024-2030. Conventional, one of the segments analyzed in the report, is expected to record a 1.8% CAGR and reach US$150.6 Billion by the end of the analysis period. Growth in the 2-in-1 segment is estimated at 2.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$40.8 Billion While China is Forecast to Grow at 2.6% CAGR

The Laptops market in the U.S. is estimated at US$40.8 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$30.4 Billion by the year 2030 trailing a CAGR of 2.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.7% and 1.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR.

Global Laptops Market - Key Trends & Drivers Summarized

Why Are Laptops Indispensable in the Modern Digital Age?

Laptops have become indispensable in the modern digital age, serving as the primary computing devices for millions of people worldwide. With the rise of remote work, online education, and digital entertainment, laptops offer the flexibility, portability, and power needed to perform a wide range of tasks, from professional work to personal use. Unlike desktop computers, laptops provide the convenience of mobility without sacrificing performance, making them essential tools for business professionals, students, gamers, and creatives alike. As digitalization continues to permeate every aspect of life, the demand for versatile, high-performance laptops is expected to remain strong, driving growth in this market.

How Are Technological Advancements Shaping the Laptop Market?

Technological advancements are continuously shaping the laptop market, leading to more powerful, efficient, and innovative devices. The development of faster processors, improved graphics cards, and higher-resolution displays is enhancing the performance and visual experience of laptops, making them suitable for more demanding tasks such as gaming, video editing, and 3D modeling. Innovations in battery technology are also extending the operational life of laptops, allowing users to work longer without needing to recharge. Additionally, the rise of ultrabooks and 2-in-1 laptops, which combine the functionality of a laptop and a tablet, is offering consumers greater flexibility and convenience. As these technologies continue to evolve, laptops are becoming more powerful, lightweight, and versatile, meeting the diverse needs of modern users.

What Challenges Are Present in the Laptop Market?

The laptop market faces several challenges, including price competition, supply chain disruptions, and the rapid pace of technological obsolescence. Intense competition among manufacturers often leads to price wars, squeezing profit margins and making it difficult for companies to differentiate their products. Supply chain disruptions, particularly in the production of key components such as semiconductors, can lead to shortages and delays, impacting the availability of laptops. Additionally, the rapid pace of technological innovation means that new models can quickly become outdated, putting pressure on manufacturers to continually release updated products. To address these challenges, companies are focusing on developing innovative features, optimizing their supply chains, and offering a range of products that cater to different market segments.

What Factors Are Driving Growth in the Laptop Market?

The growth in the laptop market is driven by several factors, including the increasing demand for remote work and online education, the expansion of the gaming industry, and continuous advancements in laptop technology. The COVID-19 pandemic accelerated the adoption of remote work and online learning, leading to a surge in demand for laptops that could support these activities. The gaming industry, which has seen significant growth in recent years, is also driving demand for high-performance laptops capable of handling intensive graphics and processing tasks. Additionally, ongoing advancements in technology, such as the development of more powerful processors, better graphics, and longer battery life, are making laptops more appealing to a broader range of consumers. As these trends continue, the laptop market is expected to see sustained growth, driven by the need for versatile, high-performance computing devices.

SCOPE OF STUDY:

The report analyzes the Laptops market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Conventional, 2-in-1); End-Use (Business, Personal, Gaming)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 157 Featured) -

• Acer, Inc.
• Apple, Inc.
• Dell Technologies
• Fujitsu Ltd.
• Haier Group
• HP, Inc.
• Lenovo Group Limited
• Samsung Electronics Co., Ltd.
• Toshiba Corporation

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