14-June-2019: 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.
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.
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.
In
depth research report on Laptop Market
Further
key findings from the study suggest:
· 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.
·
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)
· Traditional
Laptop
· 2-in-1
Laptop
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)
· 0-500
· 501-1,000
· 1,001-1,500
· 1,501-2,000
· Above
2,001
Laptop
End-Use Outlook (Revenue, USD Billion; Volume, Million Units, 2014 - 2025)
· Personal
· Business
· Gaming
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more research reports of this category:
About
Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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