SAN FRANCISCO, May 6, 2019 /PRNewswire/ -- The global laptop market size is anticipated to reach USD 108.91 billion by 2025, according to a study by Grand View Research, Inc., progressing at a CAGR of 0.4% during the forecast period. Increasing urbanization and growing spending capacities of consumers belonging to middle and upper-middle classes, coupled with evolving lifestyles, are projected to help the global market gain significant momentum over the coming years.
Key suggestions from the report:
The 2-in-1 laptop segment is anticipated to exhibit the highest CAGR over the forecast period. This can be attributed to growing demand for lightweight and technologically-advanced laptops
The 13" to 14.9" screen size segment is projected to expand at a CAGR exceeding 0.5% in terms of value over the same period as these laptops are ideal for diverse applications such as personal, gaming, and business
The USD 501-USD 1,000 segment accounted for a significant market share as these laptops offer long battery life, wide display screen, robust processors, and attractive design at relatively affordable price
Spiraling demand for online and augmented/virtual reality gaming among youths and professional gamers is bolstering market growth for gaming laptops
Asia Pacific is poised to register the highest CAGR owing to increasing government initiatives to manufacture low-cost but technologically-proficient laptops
Some of the prominent industry participants include Dell; HP Development Company, L.P.; ASUSTeK Computer Inc.; Apple Inc.; Acer Inc.; and Lenovo. OEMs are substantially investing in R&D to withstand competition and sustain their dominance in the industry.
Furthermore, upsurge in demand for technologically advanced products, particularly in developing countries due to changing needs and consumption patterns, is poised to bolster market growth over the forecast period.
Burgeoning popularity of affordable wireless connectivity and mobility solutions among consumers is likely to spur the growth of the market. Besides this, homogeneous standardization of laptops and advancements in technology are helping in increasing processing power, reducing power consumption, and cutting down costs. This, in turn, is working in favor of the market.
Improving internet infrastructure across the globe is also positively influencing the growth of the market. Factors such as adaptability of mature audiences to dynamic technological environments and favorable adoption of evolving technologies are also expected to trigger the demand for laptops over the forecast period. Moreover, government initiatives such as Made in China 2025, Digital India, and Make in India are also offering immense growth potential to manufacturers operating in the laptop market.
However, increasing sales of smartphones are estimated to be the key restraint for the growth of the market. Factors such as long-lasting battery life, low price, high-speed processors, and large screens, apart from other value-added features such as artificial intelligence, augmented reality (AR) apps, sensors, and enhanced hardware, are leading to wider adoption of smartphones, thereby hampering the sales of laptops.
Grand View Research has segmented the global laptop market based on the type, screen size, price, end use, and region:
Laptop Type Outlook (Revenue, USD Billion; Volume, Million Units, 2014 - 2025)
Laptop Screen Size Outlook (Revenue, USD Billion; Volume, Million Units, 2014 - 2025)
Up to 10.9"
11" to 12.9"
13" to 14.9"
15.0" to 16.9"
More than 17"
Laptop Price Outlook (Revenue, USD Billion; Volume, Million Units, 2014 - 2025)
Laptop End-Use Outlook (Revenue, USD Billion; Volume, Million Units, 2014 - 2025)
Laptop Regional Outlook (Revenue, USD Billion; Volume, Million Units, 2014 - 2025)
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: +1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected]