Arecent report by Expert Market Research reveals the global laptop market reached USD 103 billion in 2020, thanks to lower product pricing. Furthermore, it is predicted to increase at a CAGR of 0.5 percent between 2021 and 2026 with the improvements in internet infrastructure.
Recently, industry key players like Acer, Apple, HP, Asus, Razer, Lenovo considered increasing demand for pink products and introduced pink laptops exclusively for girls.
Moreover, if you are looking for the most up-to-date analysis on laptop market share, size,and trends,Keep Reading!
Laptop Market Highlights
- The worldwide laptop market had reached USD 103 billion in 2020.
- The market is expected to increase at a CAGR of 0.5 percentfrom 2021 to 2026,
- Acer, Apple, ASUS, HP, Dell, Lenovo, and Sony Corporation are among the key participants in the market.
- North America, the Middle East,Africa, Europe, and the Asia Pacific are mature laptops.
- Traditional and 2-in-1 laptops are the most common varieties in the industry.
- Ultrabook, notebook, and netbook are among the most popular product designs in the industry.
- Screen sizes offered by the industry vary between 10.9″ inch and 17″ inch.
- Prices lie between USD 250 to USD 2000, depending upon brand and laptop specifications.
- Personal, commercial, and gaming are among the most popular end-use areas in the market.
Laptop Market share
The laptop market share is consistently increasing with considerable growth. Rising disposable incomes, rising population, improving internet infrastructure, and decreasing prices are significant growth drivers.
Market Share by Design
Mostly the latest models are preferred to use. Therefore,Ultrabook, notebook, and netbook are among the most popular product designs in the industry. The pie chart below shows that the share of Ultrabook is the highest at 63%, whereas the Notebook share is the second highest at 26%.
Moreover, a sufficient demand is recorded for white and pick laptops during 2020-21. And it is anticipated to boost further in coming years.
Market Share by Region
North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa are the primary regional laptop markets.The graph below highlights the regional market share of the global laptop market.
Laptops are demanded personal, business, and gaming use. 42% of demand comes from personal use, 43% from professional, and 15 % from gamers. Leading laptop manufacturers like Dell, HP, and Lenovo specialize in business laptops.
Today’s small and large businesses require reliable laptops for programming, coding, presentations, graphics design, and document editing. Business laptops also have a robust body, wide-screen displays, greater graphics, quicker CPUs, and improved connectivity options.
Furthermore, many firms either continue the conventional practice of supplying staff with primary devices such as traditionaldesktopsor LCD monitors with basic accessories when it comes to technology.
Computer Market Revenue
The graph depicts the global computer market revenue from 2016 to 2021. The computer market had a turnover of 304.5 billion dollars in 2016. By 2021, the computer market is anticipated to be worth around 318.3 billion dollars. Desktops, laptops, and tablets are all included in this category.
Laptop Market Potential
The global laptop industry is continuously being pushed by rising consumer demand due to improved internet infrastructure, particularly in Asia Pacific nations like India and China. The commercial demand for laptops is also expected to grow the sector further.
Falling prices of these products, as purchases begin to boom when the prices fall, increases the potential of market expansion. Moreover,the online business is booming during the pandemic, and the laptop is the most required tool.
Therefore, the global laptop market is expected to be worth around USD 103 billion. In the forecast period of 2021-2025, the market is expected to develop at a CAGR of 0.5 percent.Also, check out the reasons to buy a laptop instead of desktop.
The Bottom Line
In sum, during 2020, the global laptop market was led by the North American and European regions. These regions are also more mature markets, with growth saturation in numerous categories.
The expansion of the laptop market is likely to come from emerging regions such as the Asia Pacific in the coming years, where the industry still has tremendous potential opportunities due to rising product penetration and expanding consumer living standards.