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Base Year
Historical Year
Forecast Year
The laptop market reached a value of approximately USD 168.74 billion in 2023. The market is projected to grow at a CAGR of 2.3% between 2024 and 2032, reaching a value of around USD 209.97 billion by 2032.
Global Laptop Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 168.7 |
Market Size 2032 | USD Billion | 238.1 |
CAGR 2018-2023 | USD Billion | XX% |
CAGR 2024-2032 | USD Billion | 3.9% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 5.1% |
CAGR 2024-2032 - Market by Country | Brazil | 4.7% |
CAGR 2024-2032 - Market by Country | Saudi Arabia | 4.3% |
CAGR 2024-2032 - Market by Type | 2-in-1 | 4.5% |
CAGR 2024-2032 - Market by Price | USD 501 to USD 1,000 | 4.4% |
Market Share by Country 2023 | Australia | 1.7% |
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A laptop, a notebook computer, is a portable device designed for personal and professional tasks, combining desktop capabilities in a compact, mobile form. It includes a keyboard, display, and trackpad for input and navigation. Equipped with a CPU, RAM, storage (SSD or HDD), and connectivity options such as USB, Wi-Fi, and Bluetooth, laptops support web browsing and document creation to software development, graphic design, and data analysis.
Mobility needs, remote work, and digitalisation fuel the surge in laptop demand. Laptops enable work, study, and communication from anywhere, essential for modern life. They're vital in education, gaming, and entertainment, while businesses adopt them for flexible work arrangements. Continuous upgrades cater to evolving consumer needs and technological advancements.
In India, the Union Cabinet approved the PLI Scheme – 2.0 for IT hardware in 2023, covering laptops, tablets, all-in-one PCs, and servers. According to PIB, the scheme aims to achieve IT hardware production valued at â¹3.5 lakh crore (USD 42 billion) during its implementation boosting the laptop market share in India.
Gaming growth, hybrid workforce demands, sustainability focus, and emerging market expansion are the major trends impacting the laptop market trends.
March 2024
MSI introduced the Titan 18 Pro 2024 gaming laptop in China, equipped with an i9-14900HX CPU and offering NVIDIA’s RTX4080 or RTX4090 GPUs. It showcases advanced AI features for enhanced productivity and entertainment.
March 2024
JDI aims to produce 14-inch OLED screens for tablets and laptops by 2025, using eLEAP technology for affordable, high-quality AMOLED displays, modifying their Mobara OLED production site.
December 2023
Huawei announced its intention to launch the MateBook D 16 2024 in Europe, focusing on the 16-inch laptop market. Featuring an Intel Core i9-13900H processor, a 1200p screen, and a 70 Wh battery.
July 2023
LG released the Gram Style laptop in Canada, first showcased at CES 2023. It retains LG's hallmark lightweight design while adding elegance with an iridescent finish, captivating under different lighting.
Gaming Growth
The growing gaming demographic drives the need for powerful laptops featuring advanced graphics, immersive screens, and effective cooling, meeting gamers' desires for desktop-quality gaming while mobile.
Hybrid Workforce Demands
Hybrid work arrangements, blending office and remote settings, drive the need for adaptable laptops that smoothly switch between environments, offering improved connectivity, productivity tools, and ergonomic designs to enhance employee performance and comfort.
Sustainability Focus
Consumer awareness and regulations drive sustainability in laptop production, promoting eco-friendly materials, energy efficiency, and recycling initiatives to reduce environmental impact and meet corporate responsibility standards.
Emerging Market Expansion
Increasing disposable incomes, tech adoption, and urbanization in emerging markets fuel the global laptop market's growth, prompting manufacturers to offer affordable, feature-rich devices catering to diverse consumer preferences.
The laptop market is expanding due to a rising emphasis on mobility, with users prioritizing portable solutions for work, study, and entertainment, leading to increased demand for compact designs. Growing remote work drives demand for laptops with enhanced communication and collaboration features, prompting advancements in connectivity and security.
The education sector's increasing reliance on laptops for e-learning and interactive content boosts market growth, with both institutions and students seeking cost-effective, durable, and feature-rich devices.
“Laptop Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
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Market Breakup by Type
CAGR 2024-2032 - Market by | Type |
2-in-1 | 4.5% |
Traditional | XX% |
Market Breakup by Screen Size
Market Breakup by Price
CAGR 2024-2032 - Market by | Price |
USD 501 to USD 1,000 | 4.4% |
USD 1,001 to USD 1,500 | 4.2% |
Up to USD 500 | 3.7% |
SD 1,501 to USD 2,000 | XX% |
Above USD 2,001 | XX% |
Market Breakup by End User
Market Breakup by Region
CAGR 2024-2032 - Market by | Region |
Asia Pacific | 5.1% |
Middle East and Africa | 4.2% |
North America | 3.2% |
Europe | XX% |
Latin America | XX% |
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Traditional laptops drive the laptop market growth due to their enduring presence, appealing to users accustomed to the familiar clamshell design, thereby improving user comfort and adoption rates.
Traditional laptops, recognized for their reliability, cost-effectiveness, and broad range, offer a classic clamshell design suitable for diverse computing needs in sectors like business, gaming, and content creation.
2-in-1 laptops blend the functionality of a traditional laptop with touch and pen input, providing versatility and portability for users. Touchscreen capabilities enhance interactivity for tasks like drawing and note-taking, while tablet mode offers immersive entertainment experiences.
Personal laptops propel the laptop industry expansion by providing convenient internet access for communication and entertainment, serving as essential tools for students to access educational resources, attend online classes, conduct research, and collaborate on projects.
Laptops, characterised by their lightweight design and mobility, facilitate users to carry out work, entertainment, and communication from any location. They fulfil diverse needs ranging from gaming to productivity, acting as central hubs for streaming, gaming, and social media interaction. Laptops ensure uninterrupted internet access, crucial for tasks like email, social networking, and online learning, essential in educational and collaborative settings.
Business laptops offer versatility for remote work, efficiency with high-performance processors, collaborative capabilities through video conferencing, data security with encryption, cost-effectiveness for small businesses, and portability for professionals on the move. These attributes enhance productivity and adaptability in dynamic work environments.
Laptops with screen sizes up to 10.9 inches drive growth in the laptop market share due to their compact and lightweight design, making them suitable for travel and convenient for tasks like note-taking, research, and classroom use.
Laptops measuring up to 10.9 inches emphasize portability with their compact, lightweight design, making them ideal for travel and easy to carry in bags. They are particularly suitable for students, aiding in note-taking, research, and basic tasks like web browsing, email, and casual entertainment.
Laptops ranging from 11 to 12.9 inches strike a balance between screen size and portability, catering to a variety of usage needs. They excel in enhancing productivity with multitasking capabilities and are suitable for creative tasks. Providing an enhanced viewing experience, they are suitable for business professionals, students, and general users, offering efficient medium-level performance for everyday tasks and light gaming.
Market Share by | Country |
Australia | 1.7% |
USA | XX% |
Canada | XX% |
Laptops priced below $500 bolster the laptop market value by providing economical choices accessible to students, casual users, and individuals with constrained financial means, offering budget-friendly computing solutions.
Laptops priced below $500 deliver cost-effective solutions, basic computing functions like web browsing and word processing, travel-friendly portability, moderate battery life, entry-level gaming capabilities, and compact designs, appealing to budget-conscious users seeking versatile devices.
Laptops priced between $501 and $1000 offer improved performance with upgraded processors, expanded RAM, and faster storage for enhanced multitasking. They feature Full HD displays for clear visuals, slimmer profiles for better portability, extended battery life ranging from 6 to 10 hours, mid-range gaming capabilities with dedicated GPUs, larger storage options, durable construction, additional connectivity ports, and efficient cooling systems.
CAGR 2024-2032 - Market by | Country |
Brazil | 4.7% |
Saudi Arabia | 4.3% |
UK | 4.1% |
Canada | 3.7% |
Australia | 3.4% |
USA | 3.2% |
Germany | XX% |
France | XX% |
Italy | XX% |
China | XX% |
India | XX% |
Mexico | XX% |
Japan | 3.0% |
In the competitive landscape, these companies are key players in consumer electronics and telecommunications, celebrated for their broad array of products such as smartphones, televisions, home appliances, and memory chips.
Lenovo Group Limited: Founded in 1984, with dual headquarters in China and North Carolina, Lenovo Group Limited excels globally in personal computers, smartphones, tablets, and advanced technology solutions for both business and consumer markets.
HP Inc.: Established in 2015 and headquartered in California, HP Inc. focuses on creating personal computers, printers, and related technologies, offering a wide array of products and services for home and office use.
Dell Inc.: Founded in 1984 and based in Texas, Dell Inc. is a global technology leader providing innovative computing products and services, including laptops, desktops, servers, and IT solutions for businesses and individual consumers.
Acer Inc.: Established in 1976 and headquartered in Taiwan, Acer Inc. is well-known for its extensive range of laptops, desktops, monitors, and other electronics, catering to both personal and professional needs worldwide.
Other laptop market key players are Apple Inc., ASUSTeK Computer, Inc., Samsung Electronics Co., Ltd., Sony Group Corporation, Micro-Star INT'L CO., LTD., Microsoft Corporation, Razer Inc., Xiaomi Inc., Corsair Memory Inc., LG Electronics and Panasonic Corporation among others.
The Asia Pacific region is pivotal in driving global laptop demand due to factors like rapid urbanization, rising incomes, and growth in education and business sectors. Countries like China, India, and Japan make significant contributions, with the adoption of remote work, e-learning, and digital transformation boosting sales. Manufacturers cater to diverse preferences and price ranges.
Japan, for instance, experienced a surge in gaming laptop demand, with over 7.8 million eSports enthusiasts noted in 2022 by the International Trade Administration. Additionally, Japan's high employment rate, reported by the OECD in 2019, supports increased business utilization of laptops.
Laptops have become essential tools in the daily lives of individuals across North America, catering to professionals, students, creatives, and gamers alike. The region's strong emphasis on innovation fuels demand for advanced devices that adapt to changing consumer needs, driven by trends in remote work and a thriving education sector. The US gaming community's need for high-performance laptops also plays a significant role in shaping the U.S. laptop market share.
In Canada, where 20,401,000 individuals were employed according to a March 2024 report by Statistics Canada, there has been an uptick in laptop demand. Moreover, the gaming industry, which supports 128,000 jobs and generates $8.7 billion annually as per the Canadian Gaming Association, contributes significantly to the growth of the gaming laptop market.
In Europe, laptop demand stems from professional, educational, and leisure needs, with countries like Germany, the UK, and France showing consistent demand across sectors like finance, healthcare, education, and entertainment. The rise in remote work and digital skills amplifies sales. European consumers prioritize performance, design, and security, driving steady market growth.
For instance, in the UK during the Academic Year 2021/22, an additional 500,000 laptops were allocated by the government through the Get Help with Technology initiative to educational institutions and local authorities.
The laptop market experiences competition among brands, stimulating innovation and pricing challenges. Consumer purchasing power and demand fluctuate due to economic instability. Continuous investment is required to keep up with rapid technological progress.
Laptop manufacturers also face obstacles like supply chain interruptions, evolving consumer preferences, cybersecurity risks, component scarcities, changing work and education trends, environmental regulations, and price sensitivity, which demand effective management strategies.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Opportunities and Challenges, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Screen Size |
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Breakup by Price |
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Breakup by End User |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market was valued at USD 168.74 billion in 2023.
The market is projected to grow at a CAGR of 2.3% between 2024 and 2032.
The revenue generated from the laptop market is expected to reach USD 209.97 billion in 2032.
Gaming growth, hybrid workforce demands, sustainability focus, and emerging market expansion are the major trends impacting the laptop market trends.
The laptop market is categorised according to the type, which includes traditional and 2-in-1.
The key players are Lenovo Group Limited, HP Inc., Dell Inc., Acer Inc., Apple Inc., ASUSTeK Computer, Inc., Samsung Electronics Co., Ltd., Sony Group Corporation, Micro-Star INT'L CO., LTD., Microsoft Corporation, Razer Inc., Xiaomi Inc., Corsair Memory Inc., LG Electronics and Panasonic Corporation among others.
Based on the end use, the market is divided into personal, business and gaming.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The Asia-Pacific region is the fastest-growing region in the global Laptop market, driven by rising demand across education and business sectors.
The top five companies in the laptop market are Lenovo Group Limited, HP Inc., Dell Inc., Acer Inc., and Apple Inc.
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