Latest News- Laptop Market: Business is expected to lead the End-user segment during 2025-2029

The Laptop Market is being driven by Growth of corporate sector

The Laptop Market is expected to grow at a CAGR of 2.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 20.5 billion. In the dynamic laptop market, strategic collaborations and partnerships between key players, including semiconductor component manufacturers, technology platform providers, software developers, and distributors, are on the rise. Such alliances enable vendors to broaden their product offerings and geographical reach, thereby increasing market share. For instance, in September 2024, Asus unveiled the Vivobook S 15 and ProArt PZ13 laptops, the first in its Copilot+ PC series, in collaboration with Qualcomm Technologies, featuring the new Snapdragon X Plus 8-core processor. Similarly, in May 2024, HP introduced AI PCs and laptops powered by Qualcomm's Snapdragon X Elite chipset, catering to the needs of working professionals and content creators. These partnerships underscore the industry's ongoing trend towards innovation and collaboration. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Business
  • Personal
  • Gaming
• Type
  • Traditional laptop
  • 2-in-1 laptop
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growth of corporate sector
• Increasing application of laptops in educational institutions
• Increasing demand for 2-in-1 laptops

However, the market also witnesses some limitations, which are as follows:

• Increasing capabilities of smartphones and tablets
• Impact of trade war between US and China
• Availability of refurbished and counterfeit products

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Market Scope in Laptop Market Research Report

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Research Analysis Overview

The laptop market is witnessing a surge in demand for advanced gaming laptops, featuring high-speed graphic cards and ultra-thin body designs. System performance is crucial for video gamers, eSports participants, and gaming culture enthusiasts, leading to the integration of artificial intelligence and digital payments in online sales through eCommerce platforms. Mid-range consumers seek affordable Android laptops for multitasking and flexibility, while the work-from-home model and BYOD trends cater to the personal segment. Cooling solutions ensure optimal computing power for all users, enabling personalized learning experiences.

Market Research Overview

The laptop market, a significant segment of the global technology hardware, storage, and peripherals market, experiences continuous growth due to several business drivers. Factors such as increasing disposable incomes, the demand for advanced laptops with superior system performance, and the price-performance ratio's significance are key growth indicators. Moreover, developing countries' expanding internet user base and the rising popularity of gaming laptops with high-speed graphic cards contribute to the market expansion. Additionally, the trend towards ultra-thin body designs adds to the market's momentum. Technavio, a leading technology research firm, forecasts that these factors will fuel the growth of the global technology hardware, storage, and peripherals market, which includes laptop manufacturers, data storage components, motherboards, audio and video cards, monitors, keyboards, printers, and other peripherals.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/