Global Laptops Market to Reach US$168.5 Billion by 2030
The global market for Laptops estimated at US$150.7 Billion in the year 2024, is expected to reach US$168.5 Billion by 2030, growing at a CAGR of 1.9% over the analysis period 2024-2030. Conventional, one of the segments analyzed in the report, is expected to record a 1.8% CAGR and reach US$150.6 Billion by the end of the analysis period. Growth in the 2-in-1 segment is estimated at 2.5% CAGR over the analysis period.
The U.S. Market is Estimated at US$40.8 Billion While China is Forecast to Grow at 2.6% CAGR
The Laptops market in the U.S. is estimated at US$40.8 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$30.4 Billion by the year 2030 trailing a CAGR of 2.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.7% and 1.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR.
Why Are Laptops Indispensable in the Modern Digital Age?
Laptops have become indispensable in the modern digital age, serving as the primary computing devices for millions of people worldwide. With the rise of remote work, online education, and digital entertainment, laptops offer the flexibility, portability, and power needed to perform a wide range of tasks, from professional work to personal use. Unlike desktop computers, laptops provide the convenience of mobility without sacrificing performance, making them essential tools for business professionals, students, gamers, and creatives alike. As digitalization continues to permeate every aspect of life, the demand for versatile, high-performance laptops is expected to remain strong, driving growth in this market.
How Are Technological Advancements Shaping the Laptop Market?
Technological advancements are continuously shaping the laptop market, leading to more powerful, efficient, and innovative devices. The development of faster processors, improved graphics cards, and higher-resolution displays is enhancing the performance and visual experience of laptops, making them suitable for more demanding tasks such as gaming, video editing, and 3D modeling. Innovations in battery technology are also extending the operational life of laptops, allowing users to work longer without needing to recharge. Additionally, the rise of ultrabooks and 2-in-1 laptops, which combine the functionality of a laptop and a tablet, is offering consumers greater flexibility and convenience. As these technologies continue to evolve, laptops are becoming more powerful, lightweight, and versatile, meeting the diverse needs of modern users.
What Challenges Are Present in the Laptop Market?
The laptop market faces several challenges, including price competition, supply chain disruptions, and the rapid pace of technological obsolescence. Intense competition among manufacturers often leads to price wars, squeezing profit margins and making it difficult for companies to differentiate their products. Supply chain disruptions, particularly in the production of key components such as semiconductors, can lead to shortages and delays, impacting the availability of laptops. Additionally, the rapid pace of technological innovation means that new models can quickly become outdated, putting pressure on manufacturers to continually release updated products. To address these challenges, companies are focusing on developing innovative features, optimizing their supply chains, and offering a range of products that cater to different market segments.
What Factors Are Driving Growth in the Laptop Market?
The growth in the laptop market is driven by several factors, including the increasing demand for remote work and online education, the expansion of the gaming industry, and continuous advancements in laptop technology. The COVID-19 pandemic accelerated the adoption of remote work and online learning, leading to a surge in demand for laptops that could support these activities. The gaming industry, which has seen significant growth in recent years, is also driving demand for high-performance laptops capable of handling intensive graphics and processing tasks. Additionally, ongoing advancements in technology, such as the development of more powerful processors, better graphics, and longer battery life, are making laptops more appealing to a broader range of consumers. As these trends continue, the laptop market is expected to see sustained growth, driven by the need for versatile, high-performance computing devices.
SCOPE OF STUDY:TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.
We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.
We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.
As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.
To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!
APRIL 2025: NEGOTIATION PHASE
Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.
JULY 2025 FINAL TARIFF RESET
Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.
Reciprocal and Bilateral Trade & Tariff Impact Analyses:
USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.
Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.
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