Press release
Internet Penetration Driving Global Laptop Market Growth: Strengthening the Growth Trajectory of the Laptops Market
Laptops
How Large Will the Laptops Market Size By 2025?
The laptop industry has seen a significant expansion in recent times. It is predicted that this market will escalate from a value of $259.11 billion in 2024 to a heightened value of $281.88 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 8.8%. The previous growth surge in this market is owed to the rise in mobile computing trends, its incorporation in businesses and professional sectors, integration into educational technology, increased usage for entertainment, media, and gaming including esports.
How Big Is the Laptops Market Size Expected to Grow by 2029?
A robust expansion is predicted for the laptops market in the coming years, with the value expected to reach $391.11 billion in 2029, demonstrating a compound annual growth rate (CAGR) of 8.5%. This growth projection in the forecast period is driven by factors such as continued trends in remote work, the advent of hybrid and flexible work models, advances in educational technology, a surge in digital content creation, and the availability of affordable entry-level options. Notable trends within this forecast period revolve around catering to longer battery life, expanded storage capacities, improved graphics performance, alongside bolstering privacy and security features in response to growing remote work demands.
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Which Key Market Drivers Powering Laptops Market Expansion and Growth?
The forecasted expansion of the laptop market is believed to be ignited by the escalating internet usage globally. The global population of internet users is seeing an annual increase of over 8%, with the average user clocking more than 6 1/2 hours online daily. Desktop and laptop engagement leads the way in the world's most prolific economies, accounting for internet usage of more than three-quarters. As reported by Meltwater, a software company based in the Netherlands, the UK saw a rise in internet users of 224 thousand (+0.3 percent) between 2022 and 2023, bringing the total number of internet users in the UK to 66.11 million. Consequently, the surge in internet penetration is anticipated to spur the growth of the laptop market in this period.
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Which Fast-Growing Trends Are Poised to Disrupt the Laptops Market?
Top businesses in the laptop sector are strategizing towards the production of comprehensive laptop and desktop models as a means to enhance their market income. For instance, the Taiwan-based laptop manufacturer, AsusTeK Computer Inc., launched an innovative range of all-in-one laptop and desktop systems in September 2023. Their new collection includes models such as the Asus S500SE, Asus S501ME, and ROG DT. The Asus S500SE is integrated with an Intel Core i7 processor capable of 13th generation, ideal for several activities, including daily content creation and home entertainment. The Asus ROG DT G22, equipped with an Intel Core i7 processor, is designed specifically for gaming enthusiasts to ensure seamless gameplay and program run.
What Are the Emerging Segments in the Laptops Market?
The laptops market covered in this report is segmented -
1) By Type: Ultrabook, Netbook, Notebook, Other Types
2) By Laptop Screen Size: More Than 17", 15.0" To 16.9", 13" To 14.9"
3) By End-Use: Personal, Business, Gaming
Subsegments:
1) By Ultrabook: Thin And Light Ultrabooks, Performance-Oriented Ultrabooks, 2-In-1 Ultrabooks (Convertible)
2) By Netbook: Basic Netbooks For Web Browsing, Lightweight Netbooks For Portability, Education-Focused Netbooks
3) By Notebook: Standard Notebooks, Gaming Notebooks, Business Notebooks, Multimedia Notebooks
4) By Other Types: Chromebooks, Rugged Laptops, Workstation Laptops, MacBooks (Apple Laptops)
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Who Are the Global Leaders in the Laptops Market?
Major companies operating in the laptops market include Apple Inc., Dell Technologies Inc., HP Inc., Lenovo Group Limited, ASUStek Computer Inc., Acer Inc., Microsoft Corporation, Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., MSI (Micro-Star International Co. Ltd.), Razer Inc., Panasonic Corporation, Fujitsu Limited, VAIO Corporation, System76, Gigabyte Technology Co. Ltd., Origin PC, Alienware Corporation, Chuwi Innovation Limited, Xiaomi Corporation, Jumper Technology Co. Ltd., Eurocom Corporation, Eluktronics Inc., Sager Notebook Computers, TUXEDO Computers GmbH, Dynabook Inc.
Which are the Top Profitable Regional Markets for the Laptops Industry?
North America was the largest region in the laptops market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global laptops market share report during the forecast period. The regions covered in the laptops market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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