Laptop Market Size, Share and Forecast 2025-2034

The laptop market reached a valuation of approximately USD 168.74 billion in 2024. As the demand for portable computing devices continues to rise, the market is projected to grow at a compound annual growth rate (CAGR) of 2.3% between 2025 and 2034, eventually reaching a value of around USD 209.97 billion by 2034. This growth reflects ongoing advancements in technology, evolving consumer needs, and the increasing reliance on laptops across various sectors. In this blog post, we will explore the laptop market's overview, size, trends, growth drivers, market analysis, forecast, and competitive landscape.

Laptop Market Overview

Laptops are known for their portability, performance, and versatility, making them ideal for individuals and professionals who need computing power on the go. The market includes various types of laptops, such as traditional notebooks, ultra-thin laptops, gaming laptops, and 2-in-1 convertible devices, catering to different consumer preferences and needs.

Laptop Market Size

As of 2024, the laptop market is valued at approximately USD 168.74 billion. This market size represents the widespread adoption of laptops across various sectors, including education, business, entertainment, and gaming. Laptops have become essential tools for remote work, online education, and entertainment consumption, contributing to their growing market presence.

The market is expected to expand at a CAGR of 2.3% between 2025 and 2034, reaching a projected value of USD 209.97 billion by 2034. The continued demand for higher-performance laptops, particularly in the gaming and professional sectors, coupled with increasing consumer interest in ultra-portable devices, will drive the market's growth during this period.

Laptop Market Trends

Several key trends are shaping the laptop market, including technological innovations, changing consumer preferences, and evolving work environments:

Rise of Gaming Laptops: The gaming laptop segment is experiencing robust growth as gaming enthusiasts demand powerful laptops with advanced processors, high refresh rate displays, and enhanced graphics capabilities. Brands are investing in high-performance gaming laptops with better cooling systems and extended battery life.

Demand for Lightweight and Ultra-Thin Laptops: Consumers are increasingly looking for laptops that offer a perfect balance of performance and portability. The demand for lightweight, ultra-thin devices that are easy to carry without compromising on power has led manufacturers to innovate in design and engineering.

Remote Work and Hybrid Learning: The global shift to remote work and hybrid learning environments has significantly boosted the demand for laptops. These devices are essential for productivity, communication, and content creation, making them critical tools in today’s work and educational settings.

Advancements in Battery Technology: As portability remains a key factor for laptop users, advancements in battery technology are critical. Manufacturers are focusing on developing laptops with longer battery life, fast charging capabilities, and energy-efficient components to enhance user experience.

Increased Focus on Sustainability: With growing concerns over environmental impact, many laptop manufacturers are shifting towards more sustainable practices. From eco-friendly materials to energy-efficient designs, sustainability is becoming a key consideration in laptop production.

Get a Free Sample Report with a Table of Contents

Laptop Market Segmentation

Type:
Traditional
2-in-1

Screen Size:
Up to 10.9″ Inch
11″ to 12.9″ Inch
13″ to 14.9″ Inch
15.0″ to 16.9″ Inch
More than 17″ Inch

Price:
Up to USD 500
USD 501 to USD 1,000
USD 1,001 to USD 1,500
USD 1,501 to USD 2,000
Above USD 2,001

End User:
Personal
Business
Gaming

Region:
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa

Laptop Market Growth

The laptop market is expected to experience steady growth driven by several factors:

Hybrid Work and Learning: The ongoing trend toward hybrid and remote work models will continue to fuel the demand for laptops. Laptops have become essential tools for individuals working from home, as well as for students and educators who rely on portable devices for online learning.

Technological Advancements: Ongoing improvements in laptop technology, such as faster processors, better graphics, and more efficient operating systems, will contribute to the market’s growth. Innovations in AI, augmented reality (AR), and virtual reality (VR) are also driving interest in more advanced laptops.

Increased Affordability: As technology becomes more accessible, the price of laptops has gradually decreased. This makes laptops more affordable for a wider range of consumers, from students to small businesses, further driving market adoption.

Gaming and Entertainment: The rising popularity of mobile gaming, as well as the demand for laptops capable of handling demanding video and entertainment content, is fueling growth in the gaming laptop segment. Gamers are looking for laptops with powerful CPUs, GPUs, and high refresh rate displays for immersive experiences.

Laptop Market Analysis

An in-depth analysis of the laptop market reveals several key insights into the industry’s performance, challenges, and opportunities:

Consumer Demand: Consumer preferences are shifting toward versatile devices that combine high performance with portability. Laptops with touchscreens, long battery life, and the ability to switch between work and entertainment are increasingly in demand.

Competitive Landscape: The laptop market is highly competitive, with several key players offering a wide range of products to cater to various customer needs. Manufacturers are focusing on product differentiation, such as unique design features, innovative technologies, and enhanced user experience.

Supply Chain Challenges: Like many industries, the laptop market faces challenges related to supply chain disruptions, particularly in the procurement of semiconductors and other critical components. These disruptions can affect production schedules and lead to delays in product availability.

Regional Market Trends: While North America and Europe remain strong markets for laptops, significant growth is occurring in the Asia-Pacific region, driven by increasing urbanization, rising disposable incomes, and a growing tech-savvy population.

Laptop Market Forecast (2025-2034)

The laptop market is projected to grow at a CAGR of 2.3% from 2025 to 2034, reaching an estimated value of USD 209.97 billion by 2034. Key factors contributing to this growth include:

• The ongoing demand for laptops in remote work, gaming, and education sectors.
• Technological innovations in battery life, processing power, and display quality.
• The increasing popularity of gaming laptops and high-performance devices.
• The shift towards sustainable, eco-friendly manufacturing processes.

Competitor Analysis

The laptop market is highly competitive, with several leading players dominating the global landscape. Key competitors in the market include:

Micro-Star INT'L CO., LTD.: Known for its gaming laptops and high-performance devices, MSI is a significant player in the gaming laptop segment, offering powerful machines with advanced cooling systems and cutting-edge graphics.

Microsoft Corporation: As the creator of the popular Surface series, Microsoft plays a major role in the premium laptop market, offering devices with integrated hardware and software solutions tailored for professionals, students, and creative users.

Razer Inc.: Razer is a prominent brand in the gaming laptop market, known for its high-performance machines with sleek designs, powerful components, and customizable features tailored to gamers.

Xiaomi Inc.: Xiaomi offers a range of affordable and feature-packed laptops, catering to the budget-conscious consumer segment. The company has made a strong presence in emerging markets with its cost-effective laptops.

Corsair Memory Inc.: Known for its gaming and high-performance laptops, Corsair offers devices designed for gamers, content creators, and professionals who require powerful performance in a portable form factor.

LG Electronics: LG is recognized for its ultra-light and slim laptops, combining powerful performance with portability. The company focuses on creating laptops that cater to business professionals and consumers seeking a stylish, lightweight device.

Panasonic Corporation: Panasonic specializes in rugged laptops, offering devices built for industrial and field use. The company’s Toughbook series is particularly popular among professionals who need durable, high-performance laptops.

Others: Several other regional and niche players, including Apple, HP, Lenovo, and Dell, continue to drive innovation and competition in the global laptop market.

Media Contact: