The global laptop market size is
anticipated to reach USD 108.91 billion by 2025, according to a study by Grand
View Research, Inc., progressing at a CAGR of 0.4% during the forecast period.
Increasing urbanization and growing spending capacities of consumers belonging
to middle and upper-middle classes, coupled with evolving lifestyles, are
projected to help the global market gain significant momentum over the coming
years. Furthermore, upsurge in demand for technologically advanced products,
particularly in developing countries due to changing needs and consumption
patterns, is poised to bolster market growth over the forecast period.
Burgeoning popularity of affordable
wireless connectivity and mobility solutions among consumers is likely to spur
the growth of the market. Besides this, homogeneous standardization of laptops
and advancements in technology are helping in increasing processing power,
reducing power consumption, and cutting down costs. This, in turn, is working
in favor of the market.
Improving internet infrastructure across
the globe is also positively influencing the growth of the market. Factors such
as adaptability of mature audiences to dynamic technological environments and
favorable adoption of evolving technologies are also expected to trigger the
demand for laptops over the forecast period. Moreover, government initiatives
such as Made in China 2025, Digital India, and Make in India are also offering
immense growth potential to manufacturers operating in the laptop market.
However, increasing sales of smartphones
are estimated to be the key restraint for the growth of the market. Factors
such as long-lasting battery life, low price, high-speed processors, and large
screens, apart from other value-added features such as artificial intelligence,
augmented reality (AR) apps, sensors, and enhanced hardware, are leading to
wider adoption of smartphones, thereby hampering the sales of laptops.
To request a sample copy
or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/laptop-market
https://www.grandviewresearch.com/industry-analysis/laptop-market
Further key findings from the study suggest:
· The 2-in-1 laptop segment is anticipated to
exhibit the highest CAGR over the forecast period. This can be attributed to
growing demand for lightweight and technologically-advanced laptops
· The 13" to 14.9" screen size
segment is projected to expand at a CAGR exceeding 0.5% in terms of value over
the same period as these laptops are ideal for diverse applications such as
personal, gaming, and business
· The USD 501-USD 1,000 segment accounted for
a significant market share as these laptops offer long battery life, wide
display screen, robust processors, and attractive design at relatively
affordable price
· Spiraling demand for online and
augmented/virtual reality gaming among youths and professional gamers is
bolstering market growth for gaming laptops
· Asia Pacific is poised to register the
highest CAGR owing to increasing government initiatives to manufacture low-cost
but technologically-proficient laptops
· Some of the prominent industry participants
include Dell; HP Development Company, L.P.; ASUSTeK Computer Inc.; Apple Inc.;
Acer Inc.; and Lenovo. OEMs are substantially investing in R&D to withstand
competition and sustain their dominance in the industry.
Grand View Research has segmented the global
laptop market based on the type, screen size, price, end use, and region:
Laptop Type Outlook (Revenue, USD Billion;
Volume, Million Units, 2014 - 2025)
·
Traditional Laptop
·
2-in-1 Laptop
Laptop Screen Size Outlook (Revenue, USD
Billion; Volume, Million Units, 2014 - 2025)
·
Up to 10.9"
·
11" to 12.9"
·
13" to 14.9"
·
15.0" to 16.9"
·
More than 17"
Laptop Price Outlook (Revenue, USD Billion;
Volume, Million Units, 2014 - 2025)
·
0-500
·
501-1,000
·
1,001-1,500
·
1,501-2,000
·
Above 2,001
Laptop End-Use Outlook (Revenue, USD
Billion; Volume, Million Units, 2014 - 2025)
·
Personal
·
Business
·
Gaming
Laptop Regional Outlook (Revenue, USD
Billion; Volume, Million Units, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
o
France
o
Italy
o
Spain
o
Denmark
·
Asia Pacific
o
China
o
India
o
Japan
o
Malaysia
o
Australia
o
South Korea
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
o
South Africa
o
U.A.E.
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
