Laptop Market Growth Probability, Leading Vendors and Future Scenario By 2024-2031

Laptop market is anticipated to grow at a considerable CAGR of 4.1% during the forecast period. The market growth is attributed to factors such as the increasing demand from corporate offices and the gaming industry. Further, technological advancements and changing consumer preferences are some of the other factors fueling the demand for laptops. For instance, the India Cellular & Electronics Association (ICEA) stated that the global market size of the IT hardware segments, including laptops and tablets, reached 210 billion US dollars in 2020-21. The rise in demand for corporate laptops can be attributed to the growing reliance on technology in businesses and the demand for efficient and portable computing devices. These corporate laptops provides advanced features, enhanced security measures, and robust performance capabilities, enabling professionals to carry out their work seamlessly and effectively. The expanding IT industry has created a fertile ground for laptop manufacturers to innovate and develop cutting-edge devices tailored to meet the specific requirements of businesses. There are many options available in the market, and some of the best business laptops include Lenovo ThinkPad X1 Carbon, Apple MacBook Pro, HP EliteBook 840 G9, LG Gram 17, and Acer Swift 3 14. These laptops offer a combination of comfort, performance, battery life, security, and durability, making them ideal for business use.

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The 13 to 14-inch laptops sub-segment is anticipated to register significant growth due to their portable design and versatility, catering to the needs of both professionals and students. With a balance between screen size and usability, these laptops offer convenience and productivity. They feature powerful hardware configurations for smooth performance and multitasking. The increasing adoption of remote work and online learning further drives the demand for these laptops. For instance, in April 2023, HP launched four new laptops in India, specifically targeting Generation Z and millennials. The HP Pavilion Plus laptops are designed to meet the diverse requirements of these demographic groups. One of the models, the HP Pavilion Plus 14, is tailored for the hybrid lifestyle, offering features like multi-touch capability and multiple ports. It boasts a 14-inch FHD IPS display, a 13th Gen Intel Core i3 processor, up to 16GB RAM, and 512GB storage. Weighing 1.41kg, it includes a USB Type-C port, two USB Type-A ports, a headphone/microphone combo jack, and an HDMI port.

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Market Coverage
Market number available for - 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Global Laptop Market Report Segment

By Application 

Corporate Offices
Gaming
Others (Educational Purpose, General-Purpose)

By Size

Small/Mini Laptops
13 to 14-inch Laptops
15 to 16-inch Laptops
17-inch and Above Laptops

Global Laptop Market Report Segment by Region

North America

United States
Canada

Europe

UK
Germany
Italy
Spain
France
Rest of Europe

Asia-Pacific

China
India
Japan
South Korea
Rest of Asia-Pacific

Rest of the World

Latin America
Middle East & Africa

The Report Covers

Market value data analysis of 2022 and forecast to 2030.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global laptop market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.

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