Laptop Market Trends

Laptop Market size was valued at USD 221.98 Billion in 2023 and is poised to grow from USD 237.3 Billion in 2024 to USD 378.56 Billion by 2032, growing at a CAGR of 6.9% during the forecast period (2025-2032).

Major industry players are 'Acer Inc. (Taiwan) ', 'Apple Inc. (United States) ', 'ASUSTeK Computer Inc. (Taiwan) ', 'Dell (United States) ', 'HP Development Company, L.P. (United States) ', 'Huawei Technologies Co., Ltd. (China) ', 'LG (South Korea) ', 'Lenovo (China) ', 'Micro-Star International Co., Ltd. (MSI) (Taiwan) ', 'Microsoft Corporation (United States) ', 'Panasonic Corporation (Japan) ', 'Razer Inc. (United States) ', 'Samsung Electronics Co., Ltd. (South Korea) ', 'Sony Corporation (Japan) ', 'TOSHIBA COPRORATION (Japan)'

On the demand side, online learning and working have developed a whole new set of demands for laptops. As organizations and educational institutes are continuously introducing flexible methods of work and study, the need to stay connected and productive mandates the use of reliable, high capacity, good-performing laptops. This trend has compelled consumers to pay more for more powerful devices. Thus, growth in sales at all levels of price occurs, and this sort of encouragement is what drives manufacturers toward finding innovative solutions.

Eco-Friendly and Sustainable Design: The trend of the laptop market moves towards sustainability as more buyers move to eco-friendly products. In response, producers place recyclables, energy-saving parts, and environmentally friendly packaging into their designs. Sustainability has therefore become a critical factor for companies and customers in this transformation that appeals to environmentally concerned consumers and on international initiatives to eliminate technological waste.

In 2023, North America led the market with a share of 28.5%. The headquarters of major laptop producers Apple Inc., Dell Inc., and HP Development Company, L.P. reside here, making advanced goods easily accessible to the local masses. High GDP per capita and fully established internet infrastructures are also factors behind the high uptake of laptops in the region. Another growth-inducing factor is the enhanced measures of the U.S. government for the betterment of the ecosystem for consumer electronics. Along with being the home of significant laptop manufacturers, such efforts are fueling the increasing demand and driving the growth of the market in the U.S. For instance, in July 2022, Congress passed the CHIPS Act of 2022. The law aimed to fortify domestic semiconductor design, research, and manufacturing to build the supply chain for U.S.-made semiconductor chips and enhance economic and national security.