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Laptop Cooling Pads Market is projected to expand at a value CAGR of 5.9% throughout the period of 2017-2025
Global Laptop Cooling Pad Market: Forecast Highlights
The research report covers future market projections of the global market for laptop cooling pads. The current scenario reveals a valuation of around US$ 270 Mn (in 2017). This scenario is expected to rise to reach a higher value of more than US$ 430 Mn by the end of the year of forecast (2025). The global laptop cooling pad market is projected to grow at a high CAGR of 5.9% throughout the period of forecast, 2017-2025.
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Global Laptop Cooling Pad Market: Growth Influencing Aspects
Adoption of preventive measures to avoid laptop premature failure, increasing import and export of electronic goods, continuous use of laptops in several industry verticals, increased adoption of laptops for gaming purposes coupled with a boom in the gaming industry, increased adoption of laptop accessories, government initiatives to promote the manufacturing sector and rising disposable income and decreasing average selling price have spurred the growth of the global laptop cooling pad market.
However, increased market penetration of smartphones and tablets, high import tariffs and taxes on consumer electronic goods, high cost of laptop cooling pads, nonstandard products degrading product quality and limited awareness about advanced technologies are the challenges that are limiting the growth of the global laptop cooling pad market.
Global Laptop Cooling Pad Market: Segmental Snapshot
The global laptop cooling pad market is segmented on the basis of product type, sales channel, end user and region.
With respect to region, North America reflects high lucrativeness for the growth of the global market for laptop cooling pads. The laptop cooling pad market in this region is anticipated to grow at a high CAGR of 6.8% to reach a valuation of more than US$ 150 Mn by the end of the year of assessment.
By sales channel, the e-commerce/online segment is expected to dominate the global market with a high market valuation and growth rate. During the forecast period, this segment is anticipated to rise at a robust CAGR of 6.6% and also reflect a high Y-o-Y growth.
On the basis of product type, active cooling pads are highly adopted and this segment is likely to lead the market in the coming years.
By end user, the residential sector shows high inclination towards using cooling pads for laptops. The residential segment is poised to reflect a revenue generation of about US$ 336 Mn by the end of 2025 and is projected to grow at 6.7% CAGR throughout the forecast period.
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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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