Global Laptops Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope
A laptop, sometimes called a notebook computer by manufacturers, is a battery- or AC-powered personal computer typically smaller than a briefcase that can be easily transported and conveniently used in temporary spaces such as airplanes, libraries, meetings, and temporary offices.

Sizing and Forecast
The laptops market size has grown strongly in recent years. It will grow from $113.99 billion in 2023 to $120.84 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%.  The  growth in the historic period can be attributed to mobile computing trends, business and professional use, education technology integration, entertainment and media consumption, gaming and esports.

The laptops market size is expected to see strong growth in the next few years. It will grow to $160.28 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.  The growth in the forecast period can be attributed to continued remote work trends, hybrid and flexible work models, evolving educational technologies, increasing digital content creation, affordable and entry-level options. Major trends in the forecast period include focus on long battery life, increased storage capacities, enhanced graphics performance, privacy and security features, remote work-friendly features.

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Segmentation & Regional Insights
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

The North America was the largest region in the laptops market in 2023. 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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Major Driver Impacting Market Growth
The growing internet penetration is expected to fuel the growth of the laptops market in the forecast period. Globally, the number of internet users is increasing by more than 8% annually and the average global internet user spends over 6 1⁄2 hours per day online. More than three quarters of the world's larger economies of internet users go online via desktops and laptops. For instance, in February 2023, according to Meltwater, a Netherlands-based software company, internet users in the UK climbed by 224 thousand (+0.3 percent) between 2022 and 2023. There were 66.11 million internet users in the UK overall. Therefore, the growing internet penetration is expected to drive the growth of the laptop market during the period .

Key Industry Players
Major companies operating in the laptops market report are AsusTek Computer Inc., Apple Inc., Samsung Electronics Co. Ltd., Microsoft Corporation., AT&T Inc., Bosch GmbH, Dell Technologies Inc., Huawei Investment & Holding Co. Ltd., Sony Group Corporation, Amazon Web Services Inc., Siemens AG, Lenovo Group Ltd., Lucky-Goldstar Electronics Ltd., Panasonic Corporation, Hewlett-Packard Company, Haier Group Corporation, Xiaomi Inc., Honeywell International Inc., Alcatel-Lucent S.A, Fujitsu Limited, Ericsson AB, Nokia Corporation, Toshiba Corporation, NEC Corporation, Koninklijke Philips NV, Hisense  Electrical Co. Ltd., Acer Inc., Micro-Star International Co. Ltd., Razer Inc., Aeris Communications Inc.

The laptops market report table of contents includes:
1. Executive Summary
2. Laptops Market Characteristics
3. Laptops Market Trends And Strategies
4. Laptops Market - Macro Economic Scenario
5. Global Laptops Market Size and Growth
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32. Global Laptops Market Competitive Benchmarking
33. Global Laptops Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Laptops Market
35. Laptops Market Future Outlook and Potential Analysis
36. Appendix