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Laptop Market to record USD 7.52 Bn growth | High growth opportunity in APAC | TechnavioNEW YORK, March 16, 2022 /PRNewswire/ -- The global laptop market size is expected to increase by USD 7.52 billion between 2019 and 2024, expanding at a CAGR of 1% during the forecast period. The report provides a comprehensive analysis of market size, YOY growth rates, and market behavior through 2024. The report also offers accurate predictions on all foreseeable market scenarios, customer behavior, and the overall market landscape.
Find out more about the report coverage. Download a Free Sample Now The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Many vendors are engaged in the manufacture and marketing of traditional laptops owing to their high popularity and adoption, ease of use, and reliability as well as the increasing adoption of gaming laptops. Some vendors are focusing on manufacturing 2-in-1 laptops due to their easy portability and compactness. Market vendors have to leverage the existing growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments. Acer Inc., Apple Inc., ASUSTek Computer Inc., Dell Technologies Inc., HP Inc., Huawei Investment & Holding Co. Ltd.Lenovo Group Ltd., Microsoft Corp., Micro-Star International Co. Ltd., and Samsung Electronics Co. Ltd are among some of the dominant market participants. Factors such as the growth of the corporate sector, increasing demand for 2-in-1 laptops, and increasing application of laptops in educational institutions will provide significant growth opportunities for market players. However, the increasing capabilities of smartphones and tablets will reduce their growth potential. Laptop Market 2020-2024: Segmentation Laptop Market is segmented as below:
By type, the traditional laptop segment will generate maximum revenue in the market. The growth of the segment can be attributed to the benefits offered by traditional laptops over desktop computers. They also offer advantages over 2-in-1 laptops, such as larger screen size, more powerful processor, and higher storage space and are generally more rigid and durable. The market growth in the segment will be significant during the forecast period. By Geography, the market will observe maximum growth in APAC during the forecast period. Factors such as the growth of the corporate sector and the gaming industry and the presence of many key vendors are driving the growth of the laptop market in APAC. Also, the presence of countries with large populations that require laptops are driving the growth of the regional market. China is the key market for laptops in APAC. The market growth in the region will be faster than the growth of the market in other regions. Get highlights on segment-wise, region-wise, and country-wide analysis. Request a Free Sample Report Laptop Market 2020-2024: Key Highlights
Related Reports: Education PC and Tablet Market in US 2021-2025: The educational PC and tablet market in US is segmented by product (laptop, tablet, and desktop) and end-user (K-12 education and higher education). Global Laptop Carry Case Market 2021-2025: The global laptop carry case market is segmented by distribution channel (offline and online) and geography (APAC, North America, Europe, South America, and MEA).
Table of Contents: Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendors covered
Appendix
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