Press release
Global Gaming Laptop Market Projected to Surpass $24.86 Billion by 2029 with 9% Annual Growth
"What Are the Market Size and Growth Forecast for the Gaming Laptop Market?The gaming laptop industry has seen significant expansion in the past few years. The market size is projected to rise from $16.14 billion in 2024 to $17.64 billion in 2025, displaying a compound annual growth rate (CAGR) of 9.3%. Factors contributing to this trend include an increase in the number of PC gamers, a surge in disposable income, growth in the popularity of social media platforms, the rise of cloud gaming services, and an expansion in the number of game developers.
It's anticipated that in the subsequent years, the gaming laptop market will witness significant growth, with its size predicted to rise to $24.86 billion in 2029, recording a compound annual growth rate (CAGR) of 9.0%. The causes behind this projection in growth for the forecast period include the escalating consumer expenditure for video gaming-related gear, amplified internet utilization, the surge in gaming laptop demand among young adults and professional players, growing appreciation for gaming, and the widespread practice of remote work. Foreseen trends for the forecast period comprise technological advancements in gaming laptops, the emergence of cloud gaming, inventive cooling mechanisms, the inclusion of VR, and the development of lightweight designs.
What Is Contributing to the Growth of the Gaming Laptop Market?
The surge in popularity of esports is predicted to boost the expansion of the gaming laptop market in the coming years. Esports is the industry term for competitive video gaming in a structured tournament format, which largely involves individuals or teams participating in professional-grade gameplay. Several factors contribute to the burgeoning popularity of esports, such as rising audience involvement, significant investments and sponsorships, and a robust attraction to younger demographics. Gaming laptops, which are equipped with state-of-the-art processors, top-performing graphic cards, and displays with a high refresh rate, provide the seamless gameplay and quick response required for competitive gaming where the utmost performance is key to achieving desired results. For instance, a report from Esports News UK, an online UK-oriented publication offering daily esports updates, revealed in May 2024 that revenues from games events and venues in the UK saw a 140% year-on-year rise, hitting £10.3 ($11.05) million in 2023, which was a significant increase from £4.35 ($4.66) million in 2022. As such, the boost in esports popularity is positively impacting the growth of the gaming laptop market.
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Which Key Market Leaders Are Driving Gaming Laptop Industry Growth?
Major companies operating in the gaming laptop market are Samsung Electronics Co. Ltd, Dell Inc., Lenovo Group Limited, HP Inc., Toshiba Corporation, ASUSTeK Computer Inc., Acer Incorporated, Micro-Star International Co. Ltd, Gigabyte Technology Co. Ltd, Razer Inc., Clevo Co., CyberPowerPC, EVGA Corporation, Eurocom Corporation, Origin PC Corporation, Digital Storm Limited, Sager AG, Metabox Pty Ltd, Utopia Computers Ltd, Wired2Fire Ltd, Schenker Technologies GmbH, Eluktronics Inc.
What Are the Latest Innovations in the Gaming Laptop Market?
Leading corporations in the gaming laptop sector are pioneering new, state-of-the-art technologies such as Ryzen artificial intelligence (AI) which are designed to effectively manage resources, cut power usage, and prolong laptop battery life. Ryzen AI is an embedded AI technology in Ryzen processors that focus on enhancing performance and operational efficiency. For instance, in April 2024, Acer Inc., a manufacturer of electronic products based in Taiwan, introduced Nitro 14 and Nitro 16, their new gaming laptops. Designed for high-performance gaming and productivity, these advanced gaming machines stand out. The Nitro 14 features a 14-inch WQXGA display, while its counterpart, the Nitro 16, showcases a 16-inch WQXGA screen. Both versions operate with powerful AMD Ryzen 8040 series processors and NVIDIA GeForce RTX 4060 graphic cards. Given their high refresh-rate screens, AI-enhanced attributes for superior audio and visuals, and high-tech cooling mechanisms, these laptops are perfect for rigorous gaming and simultaneous task handling scenarios.
What Are the Main Segments in the Gaming Laptop Market?
The gaming laptop market covered in this report is segmented -
1) By Component: Processors; Peripherals; Random Access Memory (RAM) Size; Graphic Cards; Storage; Display Size
2) By Distribution Channel: Offline; Online
3) By Application: Household; Commercial; Other Applications
4) By End User: Professional Gamers; Har*dcore Gamers; Casual Gamers; Other End Users
Subsegments:
1) By Processors: Intel Processors; AMD Processors; ARM Processors
2) By Peripherals: Keyboards; Mice; Headsets; External Storage Devices; Gaming Controllers
3) By Random Access Memory (RAM) Size: 8 GB RAM; 16 GB RAM; 32 GB RAM; 64 GB RAM
4) By Graphic Cards: NVIDIA Graphics Cards; AMD Graphics Cards; Integrated Graphics Cards; External Graphics Cards (eGPU)
5) By Storage: Hard Disk Drive (HDD); Solid State Drive (SSD); Hybrid Drives (SSHD); NVMe SSD
6) By Display Size: 13-inch; 15-inch; 17-inch; 18-inch or larger
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Which Geographic Area Leads the Gaming Laptop Market?
North America was the largest region in the gaming laptop market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gaming laptop market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Gaming Laptop Global Market Report?
- Market Size Analysis: Analyze the gaming laptop Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the gaming laptop Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the market.
- Market Contribution: Evaluate contributions of different segments to the overall gaming laptop market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the gaming laptop market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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